quantguy

quantguy

Litecoin has gained strength and edged up in the $100 handle. We have finally crossed $105, but are meeting resistance from $114, which has proven prohibitive for LTC for the latter half of February. A red triangle on the KRI confirms resistance. The Kovach OBV has picked up, but is starting to wane as we appear to be rejecting $114 again. If so, then $105 and...

quantguy

Ethereum has ripped with strong inflows into crypto. Bitcoin solidified $40K again, but Ethereum is struggling to regain $3K. We are currently meeting resistance from $2965, the last level in the $2K handle. The next level below at $2852 is now providing support. The Kovach OBV has curved upward, but has tapered, suggesting a possible inflection point for ETH....

quantguy

Bitcoin has rocketed off of news about the Russian sanctions. We have blasted through resistance at $40K, which we anticipated would hold, and have clawed back to $43.8K, where we are meeting resistance. We are seeing support from below in a narrow band between $43.8K an the next level below at $43.1K. Watch the vacuum zone below to $41.9K. We should have...

quantguy

Oil has blasted off from yesterday's levels where it gapped up to the mid 90's. We found support at 95.24, and smashed through the next level at 96.88. After that, we made run back to $100, but are facing some resistance before that. The world is rearing from Russian supply fears, as it is in the top five oil producing countries (number two in 2022 right after...

quantguy

Stocks have begun to dip off of stepped up efforts with Russia to move in on Ukraine. Russian forces are close to the capital, Kyiv, and markets are reacting. We have strong safe haven inflows, as per bonds and gold, and the S&P 500 has just rejected a relative high at 4389. The Kovach OBV was increasing, but has curved over with the rejection. If we do find...

quantguy

Litecoin has made an attempt at recovering from the selloff to the low $90's. It reached as high as $114, where a red triangle on the KRI indicated storng resistance. It has currently retreated to support at $101 or so, which we have added as a new technical level. This seems to be holding, but if there is a further selloff, there is a vacuum zone down to 94,...

quantguy

Ethereum made a run for highs. At the same time Bitcoin was testing $40K, ETH was testing $2852. Several red red triangles on the KRI confirmed resistance as we attempted to break higher, and proved that $2852 was a max upper bound. We have since retraced back to $2556, deeper in the $2K handle. The Kovach OBV is flat, suggesting current levels should hold...

quantguy

Bitcoin rallied from lows from the Ukrainian conflict selloff. Over the weekend, we were able to test $40K, but several red triangles suggested resistance here, and we promptly retrace deeper into the $30K handle yesterday. We are seeing support at $36.7K from a green triangle on the KRI. The Kovach OBV is not convinced of a rally however, as it is completely...

quantguy

As we anticipated, the US dollar has given up the 97 handle, and sailed through the vacuum zone below to support at 96.65. We have multiple levels below this to provide support, including 96.56 and 96.44. If support holds and we are able to pivot at current levels, we must first break 97.03 to regain the 97 handle, then 97.32 is the next target. There is a high...

quantguy

Stocks have picked up, but the markets have quite a bit to digest. The Ukrainian president is meeting with Russia to discuss terms, which may give the markets some hope to the resolution. However, sanctions are slamming Russian banks and the world is fearing oil supply issues. That being said, we appear to be seeing an inverse head and shoulders pattern forming...

quantguy

The US dollar made an aggressive run, rallying from the low 96's where it was struggling to hold 96.00, to the mid 97 handle. We topped off at 97.62, at the height of market panic over the Russia/Ukraine conflict, but have since retraced a bit back to lower levels in the 97's. We briefly dipped back down into the 96 handle, with support holding just above 96.65....

quantguy

Oil topped out at just over $100 at the height of market panic over the Ukraine, but since it has retraced back to its comfort zone, finding support at $92.03. We are seeing strong support here from green triangles on the KRI, and a nice value area forming between $92.03 and $95.24 exactly, a previous high and former profit target. The Kovach OBV has crimped...

quantguy

Gold rallied tremendously off the Ukraine conflict, hitting yearly highs at the top of the $1900 handle. It looked like we might make a run for $2K, but we topped out at 1977 or so, before a red triangle on the KRI confirmed resistance. After that, we retraced the entire move, spanning $100, where we finally found support at $1876. We were able to find support...

quantguy

Bonds tested relative highs with increased risk off sentiment due to Russia's attack on the Ukraine. However, after a day of stock selloff and safehaven inflows, we quickly retraced back to support at 126'11. The Kovach OBV barely budged off the rally to 127'08, where a red triangle on the KRI confirmed resistance. It has since bottomed out, confirming support...

quantguy

Litecoin fell to support with a low at $92 or so, before rebounding back to the $100's. We are currently testing $105, the first level in the $100 handle from below. The next level is $114, and if we are able to break through resistance here, we should be able to make a run for this level, as this price range was a previous value area. The Kovach OBV has picked...

quantguy

Ethereum sold off massively during the height of the market reaction to Russia's invasion. We tested lower levels in the $2K's before rebounding and retracing all of our losses, back to the mid $2K's, at $2651. We do appear to be feeling out a value area between $2556 and $2762. It does look like we may be forming an inverse head and shoulders with a neckline...

quantguy

Bitcoin tested lows as the market panic sold with the Russia/Ukraine conflict. But things leveled out quickly, and it subsequently recovered all of its losses. We are currently safely back to the $38K's, hovering just above support at $38.2K. The Kovach OBV has picked up notably, but not enough to give us confidence in any real bull momentum. The value area...

quantguy

Stocks had a wild ride yesterday. We sold off to 4122, where we found support and retraced the entire move back to 4293, over a hundred points, before retracing a bit to the mid 4200's. This degree of volatility in the stock market makes it difficult to foresee what today or next week has in store, but we may be starting to form a massive inverse head and...