quantguy

quantguy Updated 

Bitcoin is still maintaining the range between $47.4K and $45.6K. We have continued to establish value in this area since the tail end of 2021. The lack of buying interest, low liquidity, choppy trading, and very narrow range aren't positive signs for the flagship cryptocurrency. Every time we attempt a small rally, it is immediately batted down, confirmed by...

quantguy Updated 

Ethereum made a run for our level at $3861, but swiftly rejected this upper bound and is currently finding support in the low $3800's. We have attempted to breach this level many times, with red triangles on the KRI confirming resistance at every attempt. This is the level to break if we want to consider $4K's again. We do appear to be forming a bull wedge...

quantguy Updated 

Litecoin has continued to waver in the $140's and $150's, but has not even been able to muster the strength to test $153 again. We do appear to be seeing support from $147, with several green triangles confirming support here. We are hovering about $147 in an ever narrowing range, which could suggest a breakout is near. If so, we could test $153 again, but we...

quantguy

The DXY has recovered the 96 handle but is currently testing support at 96.00. We peaked at 96.44, our exact level to the tick, where a red triangle on the KRI confirmed resistance. We have already seen support at 96.00, so it is reasonable to expect this level to hold, but if not, 95.82 is the next level down. If we are feeling out the lower bound of the range...

quantguy

Harmony ONE started 2022 with a bang, crushing the performance of Bitcoin and other 'majors'. It has seen tremendous growth blasting from the mid $0.20's to $0.32. There seems to be growing interest from investors in younger crypto projects that show a lot of promise. Additionally, Harmony has a burgeoning NFT marketplace, so it seems to check all the boxes. ...

quantguy

Bonds have tumbled off soaring yields. Rising inflation seems to be one of the key drivers, along with paradoxically increasing risk on sentiment in stocks, as the indexes are testing new highs again. ZN smashed through support in 130 handle. We saw absolutely no support from 130'00, the final barrier to the 129 handle, and even less from 129'26, the first...

quantguy

Stocks have pressed higher, with the S&P 500 eeking out new highs. We are within inches of hitting our target of 4821. We do appear to be running into some resistance as confirmed by two red triangles on the KRI. The Kovach OBV is still relatively flat, so we will need more momentum to definitively break our target at 4821. If so, the next target is 4854,...

quantguy

Bitcoin has tested lows again at $45.6K. We are seeing a very small bounce from this level, and are currently trekking up past the next level at $46.2K. However we are seeing very little momentum to this drive and the Kovach OBV is still abysmally weak. When Bitcoin feels out lower levels, as it is doing with $45.6K, it gets more comfortable with breaking...

quantguy

Ethereum caught a lift from the $3700's. We had appeared to be testing lower levels, heading for $3646, a level we have mentioned many times here. But we seem to have caught a strong bid, as confirmed by both Kovach Momentum indicators. We seem to be set to test $3861 once more, which seems to be a hard upper bound for ETH at the moment. Nevertheless, it...

quantguy

Litecoin has tested $147 again, teetering between the $140's and $150's. We are currently testing $150 at the time of this writing, but weak momentum and low liquidity suggest that even if we are able to reach these levels, it may be momentary. We are roughly in the mid point of the range between $147 and $153. If we are able to test $153, then we are sure to...

quantguy

The last time we did a longer term technical analysis was back in November. If you recall, we surmised that Bitcoin would drop and test lower levels (at the time $53.3K), and make another run for higher levels ($59.8K). Check out the red arrows in the daily chart. That's pretty much what happened, as Bitcoin tested our level exactly, before rejecting it, and...

quantguy

Litecoin is continuing to hold the value area between $147 and $153, starting 2022 with ambivalence. We aren't seeing much momentum here at all, even for LTC. The Kovach OBV is quite flat since the 27th of December 2021, but it does suggest a very slight, gradual bull bias, and may be forming a bull wedge or other bull consolidation pattern as the price tends to...

quantguy

Ethereum has tested higher levels in the value area in the $3K handle that it has been establishing since giving up the $4K's. We tested as low at $3646 before traversing the range back to resistance at $3861, where two red triangles on the KRI are confirming resistance. The Kovach OBV has picked up sharply with $200 rally, but has quickly leveled off with the...

quantguy

Bitcoin has started the New Year with malaise, as it has continued to waiver in the range between $46.2K and $48.2K. This is a pretty narrow range for Bitcoin, which can easily span a whole $10K handle when the crypto market springs to life. However, we are holding a narrow range, with choppy trading and low liquidity, with the same weakness with which we...

quantguy

The US dollar has started 2022 with weakness, as we have given up the 96 handle and tested lower levels in the 95's. We have broken past our support level at 95.82, but have pivoted at 95.58, which we have added as a new technical level, just above the midpoint of the vacuum zone to 95.26. Since then we have broken 95.82 from above and below, suggesting that we...

quantguy

Stocks started the year with risk on sentiment, finding support at 4763. We anticipated a bit more of a retracment, and posited that stocks could test 4729 or 4693, but the slight dip to support at the nearest level of 4763 seems to be all we've got for now. The S&P 500 is within inches of all time highs again, with 4821 as our next target. The Kovach OBV has...

quantguy

Litecoin saw a nice relief rally, as we anticipated yesterday. Prices were looking a bit oversold, even for Litecoin. We were able to test $153, coming just short of this level before a red triangle on the KRI confirmed resistance just below it. The Kovach OBV is completely flat, aside from a very slight uptick with the rally. We should not get too excited...

quantguy

Ethereum has found a slight relief rally as we mentioned yesterday. We found support at $3646, and were able to pierce above $3780. We are seeing a red triangle on the KRI just above this level to confirm resistance. We are likely to range and establish value at current levels, but if we have enough in the tank for another rally, then the next target is $3861. ...