quantguy

quantguy

We were calling a relief rally in Bitcoin and it appears as though we have finally seen it. It was paltry for a crypto rally, but it looks like this is all we have for now. Bitcoin spiked up to $48.2K, the exact level we identified yesterday. Subsequently, two red triangles on the KRI highlighted resistance at this level. We appear to be in the process of...

quantguy

We finally saw a bit of a retracement in stocks. Three days of ranging finally broke down. We emphasized that the longer stocks hold a range at highs, the more likely they are to test lower levels. This is exactly what happened, as we tested the next level down at 4763. We are seeing support here as confirmed by a green triangle on the KRI. Further support...

quantguy

Gold has spiked back up through the range back past our level at 1815. We are currently just above this level, facing resistance at the week's high at 1820. We are likely to see resistance here, and if so, we will add this as another technical level to the chart. But we definitely appear to be running out of momentum, though we are not seeing any red triangles...

quantguy

Litecoin has rejected attempts to recover the $150's and remains safely ensconced in the $140's. We seem to be teetering about the level $147, with $141 providing support from below as we have identified many times this week. The Kovach Momentum indicator is completely flat, suggesting that we will need momentum to come through either way before we can break...

quantguy

We anticipated another dip for Ethereum and that's exactly what we've observed yesterday, as priced headed further into the $3K handle, finding support at *exactly* the level we explicitly spelled out yesterday. Astute readers should have been prepared to buy the dip at $3646 and $3563. We do appear to be finding good support at these levels but if the selloff...

quantguy

TL;DR Three reasons to expect a relief rally in Bitcoin: 1. Mounting support from below 2. Looking oversold 3. Each selloff covers less and less ground Bitcoin has continued its rout. We noted that the lack of buying was concerning and a further selloff was imminent yesterday, and that's exactly what we got. We tested our lower level $46.2K exactly, and appear...

quantguy

Stocks continue their very narrow range, with the S&P hugging 4800, just around all time highs. The Kovach OBV is completely flat, suggesting that the range should hold until we have some buying or selling interest. Watch the open for a heads up as to the direction for the day. The more we hold the range, the more likely a breakout is to occur either way. We...

quantguy

Gold fell from the value area between 1795 and 1815, only to find support at 1789, one of the exact levels we've been calling out. Diligent readers should have been prepared for this dip. We have since pivoted from 1789, and regained value above 1800, testing support again at 1795. The Kovach OBV has edged up, after registering the selloff, suggesting that rout...

quantguy

Litecoin has continued to lag in the $140-$150 range as we anticipated yesterday. We made a brief run for higher levels that was thwarted at our level at $153. Since then, we have made another run for lows but have found support just below our level at $147. There was a brief attempt at a pivot off this level, but two red triangles on the KRI are suggesting...

quantguy

Ethereum has dumped back to comfort in the $3K handle, after a very weak attempt to hold the low $4K's. We smashed through our support level at $3861 and have found support at a relative low at $3765, which we have added as another technical level. There is a lack of buyback to this dip, which should be worrisome for bulls. If we tumble further, there is a...

quantguy

Bitcoin has bottomed out for now exactly at our support level of $47.4K. We have been calling out this level for the past two days, so hopefully readers were prepared. What is concerning about this selloff is not necessarily the dump itself, but the lack of interest in buying it back. We did not see the pivot off $47.4K that would be expected if there were more...

quantguy

Stocks have paused their massive rally which took all the indexes up to new highs this week. The S&P 500 has paused below our target at 4821, and flatlined, ranging as we anticipated yesterday. We were anticipating a range day, or a retracement after making new highs. There still appears to be an affinity for higher levels as stocks shrug off multiple risk...

quantguy

Gold faced an intense selloff, as we have been predicting all this week. We made a run past 1815, which gave the illusion that we might be gearing up for another bull run, but we topped out just below 1826, where a red triangle on the KRI confirmed strong resistance. Subsequently, we fell back through support at 1815, and through the vacuum zone below it to...

quantguy

Just as we discussed yesterday, Litecoin was looking quite weak after rejecting $165, an extremely relevant technical level. We made a weak, but notable, attempt to break $158 again, which was immediately smacked down past the next level of support at $153. We smashed through this level past support in the $150's entirely, to finally find support at our at $147,...

quantguy

Ethereum broke down from the $4K handle to its comfort zone in the upper $3K handle. We were holding a narrow range between $4020 and $4140 (which we have identified as a new technical level). Trading was choppy, weak, with low liquidity. Moreover we were ranging for some time, and when the markets don't want to rally with you, they are probably consipiring to...

quantguy

We called it yesterday! Bitcoin appeared really top heavy in the low $50K's, and sure enough, we saw a big dump back to comfort in the high $40K's. Granted, this hardly qualifies as a 'big dump' for Bitcoin, but it's enough to dampen hopes for us to return to pump mode, for the moment. We mentioned that $52K seemed to be a barrier for BTC, with $52.8K the...

quantguy

Stocks stubbornly refused to retrace yesterday, and saw a massive rally that blasted through our profit target at 4763. We anticipated a retracement due to a variety of technical and fundamental factors, but are seasoned enough to know not to get in the way of stocks when they are ripping. We still feel a slight retracement is in order before the New Year, but...

quantguy

Gold got a lift breaking past our level at 1815, just barely. We are currently testing 1818 or so at the time of this writing and appear to be encountering some resistance. The Kovach OBV and Kovach Chande indicators are starting to suggest that we are overbought at the moment, which suggests that gold may dip or at least range a bit. If not, the next target is...