quantguy

quantguy

Ethereum made a concerted effort to attain higher levels, touch our target of $2651 right before the FOMC meeting. Subsequently, it dropped sharply, reestablishig the value area in the $2300-$2400's. The Kovach OBV has fallen as well, though certainly not to the extent where it was with the selloff. We should see support from $2324, but if not, $2143 should be...

quantguy

Bitcoin has rejected highs at $38K, following the FOMC. We saw choppy trading and an eventual dump after the Fed noted that it is entirely possible that they raise rates every subsequent meeting of 2022, while leaving them unchanged this particular meeting. This and the fact that inflation is the highest in a generation has weighed on global assets with Bitcoin...

quantguy

The US dollar has benefitted from a hawkish Fed. Although they did not raise interest rates this meeting, they hinted that it was possible every subsequent meeting in 2022. The primary issue is persistent inflation, the highest in a generation, and this has bled into the dollar, pushing it past all of our targets in the 96 handle. Currently we are on the verge...

quantguy

Stocks have broken down from 4440, and sought out lower levels in the 4300 handle after dipping as low as 4272. This followed the FOMC meeting, where the Fed delayed an interest rate hike but noted that a hike every subsequent meeting for 2022 was not out of the question. This and balance sheet reduction is their plan to combat the highest inflation in a...

quantguy Updated 

Bitcoin is edging up, and appears to be gearing up for a breakout. However several red triangles on the KRI are confirming resistance at every step of the way here, suggesting downward pressure on this attempt. We have been able to reach $37.7K and $38.2K, which are strong levels coinciding roughly with a Fibonacci level on the daily charts. This will provide...

quantguy Updated 

Litecoin has recovered the $100 handle, and is maintaining a very narrow range between $105 and $110. We keep testing $110, but red triangles on the KRI are confirming resistance here. We don't expect much action in the crypto market until after the FOMC statement this afternoon. After this event, we are likely to see a relief rally from markets in general and...

quantguy Updated 

Ethereum is edging up, and has attained the $2500's once more. The rally looks encumbered, and we are seeing red triangles on the KRI at every step of the way to confirm the resistance here. The Kovach OBV is still relatively flat, suggesting there is not much momentum here. All eyes are on the FOMC statement this afternoon. Note that a rate hike is largely...

quantguy

The US dollar is on a broad uptrend, solidifying the 96 handle again. However, as we identified in the report yesterday, 96.24 seems to be providing prohibitive resistance at this time, with a red triangle on the KRI as confirmation. We are getting support in the low 96's, however and we identified 95.82 as the next level of support if this does not hold. Note...

quantguy

Stocks continue to edge up trepidaciously, testing 4421 or so, the levels from which we dumped on Monday. Two red triangles on the KRI have confirmed resistance here at every attempt. We won't see much action in stocks until after the FOMC minutes in the afternoon. A rate hike is largely priced into the markets, so when this happens, we should be able to break...

quantguy

Litecoin broke through the $100 handle to test support in the high $90's. We saw a green triangle on the KRI confirming support just above our level at $94. The subsequent rally took us back to the value area between $105 and $114. We may be observing an inverse head and shoulders pattern with a neckline roughly in the middle of this range, at aboutu $112. If...

quantguy

Ethereum appeared to be making a run for the $1K handle, but found support at our level at $2143. A green triangle on the KRI confirmed support here. After that, we saw a nice rally back to the value area in the $2400 handle. We appear to be stabilizing between $2402 and $2556. The Kovach OBV is still pretty flat, after an abysmally bearish run, but does...

quantguy

Bitcoin dumped for most of the day yesterday, finally finding support at $33K. We saw support just above our level at $32.3K, confirmed by a green triangle on the KRI. Subsequently, we were able to rally back to the $36K handle, breaking $36.7K barely, and making a run for $37.7K. This is the type of buyback we'd expect at the bottom, so we will see if current...

quantguy

The US dollar has pushed higher, finally regaining the 96 handle. We saw great resistance at 96.00 as we mentioned in these reports, with long wicks on the candles indicating some volaitility and a red triangle on the KRI. However, 95.82 provided good support, and we made a subsequent attempt at the 96's, cracking 96.00 with ease on the second attempt. We are...

quantguy

Stocks dumped yesterday as we anticipated in the reports. Yesterday morning, we saw a small bounce from the S&P 500 apparently attempting to test the mid 4400 handle, but this was attempt was swiftly batted down in a persistent selloff that lasted most of the day. At the end of the day, we saw a sharp buyback, which could have been a gamma squeeze as puts were...

quantguy

Litecoin has broken down from support in the $120's, smashing through multiple levels in the low $100 handle. We smashed through $105 and have tested the $90's twice. We simply don't have any more technical levels for LTC and have had to use inverse Fibonacci extensions to project the next level of support and target in the event of another wave of selling. Our...

quantguy

Ethereum has taken a nose dive from support around $2300. We have given up the $2300 handle entirely, and have fallen to support at $2232, confirmed by a green triangle on the KRI. The Kovach OBV is still quite bearish, and has taken a sharp turn for the worse with the recent selloff. Our longer term analysis of Bitcoin (see linked article) is looking pretty...

quantguy

Bitcoin has taken another nose dive. We appeared to be finding good support in the $34K handle, but a sharp selloff took us down to support just above $32K. We are just $3K away from our final level of support at $29K (see the longer term analysis linked to this article). This is the bottom anchor of our daily Fibonacci levels. If we break through this, recall...

quantguy

The US dollar has edged higher, apparently attempting to regain the 96 handle. We are just inches away, currently meeting resistance at 95.90 or so. Several red triangles on the KRI have confirmed resistance at 95.82, but we were able to break this level earlier in the Asia-Pacific session. If we retrace, it should provide support, but note the vacuum zone down...