quantguy

quantguy

Ethereum broke $4K over the weekend, but just barely, before recovering support at our level at $4020. From there, the it rallied with the rest of the crypto market back to $4341, where we are seeing resistance as confirmed by a red triangle on the KRI. The Kovach OBV has picked up, but not to the extent where we are in full pump mode just yet. Ethereum is...

quantguy

Bitcoin fell to lows over the weekend, cracking $54.3K. It looked like we were going to see another dump deeper into the lower $50K handle, but we found support just above our level at $52.8K. From here, we saw a big pump back up to $57.7K. We are currently holding a very narrow range between $56.8K and and $57.7K. The Kovach OBV has picked up notably, but has...

quantguy

Oil has plummeted over continued issues on the supply and demand side. The Omicron variant of the coronavirus has impacted demand considerations as global governments consider yet another wave of lockdowns. We smashed through the 70 handle, but found support at 67.91. After a green triangle on the KRI confirmed support, oil was able to regain the 70 handle, and...

quantguy

Stocks plummeted off of renewed coronavirus panic over the Omicron variant, with 23 different spike proteins. It is currently evading all vaccines, and poses 'very high global risks' as per the WHO. This new boogeyman has permeated through the markets and we are likely to see lower levels in stocks until the risk has been priced in. Today is the Monday after...

quantguy

While US traders may be gorging their already bloated bellies with turkey and other fixings, the crypto market is still open! It's time we took a step back and analyzed some factors which may influence the price of Bitcoin and the broader crypto market for the duration of 2021 and on into 2022. TLDR; Three reasons to be bullish of Bitcoin: 1. Strong...

quantguy Updated 

Solana is one of the fastest growing blockchains, and if you're a cryptophile, you'd have to be hiding under a rock not to have heard of it by now. However, with the rest of the crypto market, we are seeing a nice dip from highs. We have a clear 5-3 Elliott Wave forming, starting in the low $100's and topping off at $259. We are in the midst of the corrective...

quantguy Updated 

TLDR; three reasons to buy AVAX 1. Strong competitor to ETH 2. Strong Technicals 3. Overtook Dogecoin on Coinmarketcap Avalanche has appreciated 33% last week to solidify its position as one of the strongest Ethereum competitors. In fact, it has usurped Dogecoin for the number 10 spot on coinmarketcap. Despite retracing much of its move to new highs just under...

quantguy

Bonds have seen a bit of a relief rally as we predicted yesterday. They hit the exact target we identified, 130'00, before settling near support at 129'26. We anticipate a quiet market as we go into the US hoiday for Thanksgiving. The Kovach OBV is still solidly bearish, suggesting that this rally may be just a relief rally. That being said, we do have an...

quantguy

The selloff in gold has continued, and we have cut through several support levels below. We are getting support from 1784, a level we identified yesterday. We saw a meager rally, which could not crack 1795. A rejection brought us back to the 1780's. The Kovach OBV is solidly bearish, but has leveled off, suggesting that we may have stabilized, at least for a...

quantguy

Oil has rallied, breaking several resistance levels in the 76, and 77 handles. We have tested 78.90, but appear to be rejecting it. There are several red triangles on the KRI here, indicating strong resistance. Currently, we are in the middle of the range between 77.56 and 78.90. The Kovach OBV has leveled off suggesting we are seeking to establish value here....

quantguy

The US dollar has continued to rally, breaking through a cluster of resistance levels in the upper 96 handle, to make new relative highs yet again. We have currently peaked above the last of them at 96.65, and have entered the vacuum zone between this level and 97.03. We are seeing resistance at current levels from a red triangle on the KRI. If the DXY...

quantguy

Litecoin is maintaining a very narrow range between $209 and $217. The Kovach OBV has been completely flaccid, but has picked up ever so slightly, suggesting that we may have a very slight bull divergence. If so, $227 is our next target. From below, $202 has been a hard lower bound, however if we test this again, the probability of breaking below to the $100...

quantguy

Ethereum is ranging in the low $4K handle. Luckily, we have seen strong support from $4K, at our level at $4020, so we are confident that ETH will hold $4K, even if another wave of selling bats us back down from current levels. Currently, we are consolidating around the highs of the range established between $4020 and $4450. We do appear to be forming an...

quantguy

Bitcoin is finding support in the mid $50K's. We have tested $55.7K several times, and appear to be forming a bear wedge at this level. We have not been able to muster the strength to break through resistance in the high $50K's to test $60K again, which suggests that Bitcoin will remain in the $50K's at least through the Thanksgiving Holiday in the US. If we...

quantguy

Stocks have stabilized for now between 4649 and 4693. We are seeing quite a bit of volatility in this range, suggesting that we are jostling for value. The Kovach OBV has slumped, which makes it highly unlikely that the S&P 500 will be able to attempt new highs before the Thanksgiving Holiday in the US which starts tomorrow. We are seeing several green...

quantguy

Litecoin has continued to slump in the low $200 handle. We have rejected $227, and have made a steady decline since. We are starting to see support just below $209 as confirmed by three green triangles on the KRI. We are hovering just above our next level of support at $202. The Kovach OBV is abysmally oversold, so we may be in for a relief rally soon,...

quantguy

Price action in Ethereum has rounded off completely, and we are currently at lows again. However, $4K seems to be providing good support. In particular, our level at $4020 is holding strong. We saw good support at that level as identified by a green triangle on the KRI. The Kovach OBV took a sharp turn south with the rejection from $4450, so if the bear rout...

quantguy

Bitcoin has refused any attempt at a bull rally, with sharp two-bar candlestick rejection patterns on the 30 min chart with every time the price moves higher. It has been smacked down from $59.8K, the next level under $60K, then again at $57.7K. We are seeing good support from $57.7K as identified by two green triangles on the KRI. The Kovach OBV is steadily...