quantguy

quantguy

Ethereum made a run for higher levels, after crossing the vacuum zone to $4258, and punching through the cluster of levels above. The rally seemed to lack characteristic aspects of proper crypto pumps like large green candles on the 30 min chart and a large bull run in the Kovach OBV. Furthermore, we are seeing some red triangles on the KRI starting to form...

quantguy

Bitcoin had a bull rally come through, perhaps off news of Japanese regulators starting to look at stable coins. we saw some nice momentum come through as measured by the Kovach OBV. Still, it was nothing significant, and paltry compared to the selloff. A proper crypto rally should have closed this weekend's selloff candle. Nevertheless, we were able to break...

quantguy

Stocks got a lift yesterday as investors turn hopeful again after Omicron fears subside. We broke resistance at 4580, and crossed the vacuum zone after that to 4632. Currently, we are testing higher levels, 4652 in particular. This is a relative high, and area with which the S&P has had some trouble in the past. The Kovach OBV has picked up notably, however. ...

quantguy

Gold has found stability in the exact range we identified: 1770 to 1775. We even discussed how it was likely to consolidate further between 1777 and the 1780's which is exactly what happened. In particular, 1777 and 1784 seem to be the lower and upper bounds respectively. Gold is likely to establish value further, but the range has narrowed significantly, and...

quantguy

Litecoin has dumped notably. Last week, we anticipated $184 to be the lowest level of support, and we sliced through this with ease. We reached as low as $130, before finally finding support and making an attempt at a pivot. We still could not close this gap however, and $165 provided prohibitive resistance. After rejecting this level, we tested $141, where a...

quantguy

Ethereum made an attempt at higher levels, but found resistance at our key level of $4258. Several red triangles on the KRI were suggesting resistance here. Subsequently, we actually dipped back into the $3K handle, which is not a good sign for ETH as it suggests we are getting mroe and more comfortable with prices south of $4K. However, this dip was...

quantguy

Bitcoin turned sharply south just below $50K. We commented Saturday on a potential bull wedge pattern forming in the high $40K's and that Bitcoin's price would be heavily dependent on how we reacted from there. We also hinted that it would likely press lower if we rejected those levels, which is exactly what we have seen. Bitcoin has rejected $49.7K and are...

quantguy

Oil is still feeling global demand woes and remains in the high 60 handle. We are seeing an inverse head and shoulders pattern with a neckline at 68.96. The second shoulder has yet to fully form so avoid trading this preemptively. If we break out, we could easily hit 72.99, a relative high. If we reject it, then this would be a bearish sign, and we could...

quantguy

Stocks are edging lower in a zig zag pattern as every rally seems to get sold off. We have more risk off sentiment in the markets as Evergrande takes its turn as the center stage of fear stoking news. Evergande shares have tumbled as another debt payment deadline looms. We saw strong resistance from 4580, but rejected this, as confirmed by a red triangle on the...

quantguy

Bitcoin was looking pretty bearish yesterday and completely fell off a cliff last night. We smashed through support in the $50K's, and reached as low as our support level at $41.9K, before equilibrating in the high $40K's. It does seem to be forming a bull wedge at $48K, however, we are seeing a red triangle on the KRI, so exercise extreme caution if you're...

quantguy Updated 

The US dollar has edged upward, but we will be waiting for non farm payrolls data for introspection on US labor market conditions before it will make a more definitive move. We anticipated ranging between 95.85 and 96.65, which appears to be exactly what we are seeing. This rally does appear weak and we are seeing several red triangles on the KRI suggesting we...

quantguy Updated 

Oil has edged up as OPEC has pledged to compensate for demand woes. We are seeing resistance from 69.67, a relative high. Several red triangles on the KRI are popping up on the chart, indicating we are running into some resistance. The Kovach OBV is still bearish, to the point we are severely oversold, so a relief rally could easily take us 200 ticks higher,...

quantguy Updated 

Gold has continued to press lower, but has remained within our expectations. We did break down into the vacuum zone below 1770, heading for 1759, but have found support just above this level, and at the time of this writing, have regained the 1770's. We are seeing support at lower levels confirmed by green triangles on the KRI. The Kovach OBV is still very...

quantguy Updated 

Bonds have consolidated as we have expected. We are seeing strong support at 130'19, and appear to be forming a flag pattern bounded by 130'07, and 131'02. The Kovach OBV is trending up slightly, suggesting a small bull bias. From here it could go either way. The Fed is discussing tightening, which would be bearish for bonds, but persistent risk off sentiment...

quantguy Updated 

Litecoin has continued to languish in the lower $200 handle. We are seeing strong support from $200 for now, with several green triangles confirming support as it has edged lower from $217. It was disappointing that LTC could not make another run for this level, as there is a nice vacuum zone after that to $227. The Kovach OBV is still solidly bearish,...

quantguy Updated 

Ethereum has gotten a lift from a strong support level at $4450, as we anticipated yesterday. We are currently in the range between $4450 and $4670, also predicted yesterday. Kelly Strategic Management has filed for an ETF on Ethereum futures. Watch how the SEC responds to this, as ETH should rally on positive news regarding this ETF. But for now, We...

quantguy Updated 

Stocks have attempted a meager rally, as news of the Omicron strain and Fed tightening seems to have been digested by the markets. We do have non farm payrolls data coming in at 8:30 AM EST, which is one of the biggest trading data points, so stocks are likely to hold off in anticipation of the results. This is a particularly meaningful reading, as investors...

quantguy Updated 

Bitcoin is continuing to maintain a narrow, but highly volatile range between $55.7K and $55.7K. There is a bull bias to the Kovach OBV so we could be gearing up for a breakout. Several green triangles on the KRI are indicating strong support at this lower bound. If we break out, then $59.4K remains the next target, and last significant level before $60K. From...