quantguy

quantguy

Litecoin has found support at the base of the $50 handle at our level at $50.64. However we are running into immediate resistance from the next level above at $51.92. This is a very narrow range for Litecoin, which had been oscillating between these lower levels and $55.84. If we are able to break out from $51.92 then $55.84 is the next target, and based on the...

quantguy

Ethereum has found support at the bottom of the range, at our newest level at $1288. Recall that this is the exact move we predicted yesterday, when we had rejected $1341. We are seeing good support at current levels confirmed by green triangles on the KRI. If we cannot hold this level, however, then the next level of support is at $1235. We anticipate $1341...

quantguy

Bitcoin has continued to meander in the range exactly as we have anticipated yesterday. Recall that we said we should have resistance at $19.5K, and support at $19.0K, with a floor of $18.6K for now. This is exactly what we are seeing currently and the outlook remains unchanged. If we do catch a bid and are able to break through $19.5K, then $20K will surely...

quantguy

The dollar remains strong, but is holding the range, with USD hitting highs against the Japanese Yen not seen since August of 1990 . The DXY pivoted yesterday, and we headed for the highs of the range subsequently. We are likely to continue the range, so expect resistance at the highs of the range at 113.38. If we are able to break out then we will hit highs...

quantguy

As predicted yesterday, stocks have met resistance at 3758. We were fairly certain this would be a top due to lack of momentum and the price action 'rounding off'. Also, the news isn't exactly cheery lately. The Fed's Bullard thinks we won't see inflation ease until next year, and Tesla's earnings have disappointed sending the stock tumbling 5%. The major...

quantguy

Litecoin has been able to hold the $50's, but is facing resistance at $51.92, as predicted yesterday. We were able to find support just above $50.64, holding the $50 handle. However, a lack of momentum prevented any follow through past $51.92. If we are able to break through this level then we will surely meet resistance at $55.84 but it is not likely that will...

quantguy

As predicted yesterday, $1341 was too heavy for Ethereum and it retraced back to support at $1288. Red triangles on the KRI confirmed that resistance at $1341 was prohibitive and we fell back to safer levels, confirming the range Ethereu has held for past month or so (aside from that dip to the $1100). The Kovach OBV is pretty flat, suggesting that we need more...

quantguy

As predicted yesterday, Bitcoin had prohibitive resistance at $19.5K, and was not able to even test the $20K's. There are numerous red triangles on the KRI suggesting that every attempt to do so was thwarted. We are currently testing $19.0K, the next level down, which we anticipated yesterday as well. So far it looks like this level is holding and if so, expect...

quantguy

The US dollar has gained strength after a sharp dip yesterday took us to 111.66 which we have added as a new technical level. If momentum continues, we could test the top of the sideways correction at 113.38. If that is the case, we will meet resistance at this high, but if we can break out from that, then we could make a run for highs at 114.54. A further...

quantguy

The S&P 500 has run into resistance at our level at 3758. We have predicted this to be the case yesterday. Recall that we should run into prohibitive resistance here, but if not, the next target is a relative high at 3810, which we anticipate to be a ceiling. Today is a make-or-break for stocks. If they can break out, then we will be able to test higher...

quantguy

Litecoin rallied meagerly with the rest of the crypto market. We were able to pivot off $50.64, the very last technical level of the $50 handle, and test $51.92. However, we are currently meeting resistance there, confirmed by red triangles on the KRI. If we are able to break out, there is a wide vacuum zone to the next target of $55.84. The Kovach OBV is...

quantguy

Ethereum has gained with the rest of the crypto markets as stocks gain and the US dollar softens. We were able to pivot from $1288 back to $1341, where we are currently running into resistance. We actually saw resistance at every step of the way with this rally as confirmed by red triangles on the KRI. It is unlikely we will break out from this level, but if we...

quantguy

Bitcoin has gained off a weaker dollar and strength in the stock market. We are currently contending with $19.5K. As we have mentioned here many times, this level will provice signficant resistance and we are not likely to make it to $20K. But if so, we expect $20K to be a ceiling for now. We are seeing strong resistance at $19.5K right now, confirmed by...

quantguy

The US dollar has slid signficantly, breaking through the lower bound of the range. We are still above what we consider to be a lower bound for now at 111.37, with a green triangle on the KRI confirming support at 111.76 or so. If we pivot from this level, then 113.38 is the next target, before we can test highs again at 114.54. But we will need significant...

quantguy

Stocks have gained after ' shrugging off ' yet another worse than expected inflation print. Additionally, traders seem hopeful of good earnings prints as banks lead the way , with strong numbers. All major indexes have risen sharply, with the S&P 500 touching our level at 3758, just below highs at 3810. The Kovach OBV has picked up sharply with the momentum,...

quantguy

Litecoin has equilibrated, tending to the lower bound of the range it has been holding for the past month. This lower bound was breached as CPI data on Thursday rocked the entire crypto market. Incredible volatility was introduced but we were quickly able to reestablish equilibrium. We are currently seeing support at $50.64, which is the final technical level...

quantguy

Ethereum got a boost from $1288, after testing below it briefly. We saw green triangles on the KRI as we dipped below this level, confirming support. The Kovach OBV has flatlined, suggesting that we will need more momentum to reach higher levels, though we have recovered the bottom of the $1300 handle for now. We are running into resistance confirmed by two red...

quantguy

Bitcoin has equilibrated around the base of the $19K handle. This follows a great deal of volatility introduced by CPI last Thursday. We are seeing quite a few green triangles on the KRI at $19K indicating strong support here. But if we fall further, then $18.6K will provide support with $17.6K a floor price for now. A rally will encounter resistance at...