quantguy

quantguy

Bitcoin has retraced since achieving all time highs, but is still holding on to the $60K handle. We are seeing good support from $60K confirmed by several green triangles on the KRI. This appears to be a corrective impulse to the overall bull trend, and we expect support to hold, and for Bitcoin to establish value in the $60K's before another push higher. If...

quantguy

All stock indexes are set to open at or near all time highs off as investors prepare for key tech earnings. The S&P 500 is just under 4564 at the moment, having leveled off after inching out ATH's. The Kovach OBV is extremely strong, but be prepared for a technical retracement, especially if earnings disappoint. We should see support from 4521, 4505, and 4487. ...

quantguy

Litecoin has dipped sharply from $209, falling below the $200 handle to support at $195. This is a level we have called out many times and one as to which we have alerted you yesterday. We do appear to be consolidating between $195 and $202 at the moment. The Kovach OBV was strong, but has leveled off. The chart still looks strong overall, and a technical...

quantguy

Ethereum broke out to make highs at $4380, but faced a sharp retracement, dipping as low as $4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at...

quantguy

Bitcoin has faced resistance after making all time highs. We saw a dip down from $66K to support at $61K-$62K. These were the exact levels we identified yesterday. This dip is but a small hiccup in comparison to what we've seen in the past. If the selloff continues, we should find support at $59.4K or $57.7K. The Kovach OBV has dipped with the correction, but...

quantguy

Poor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch...

quantguy Updated 

Litecoin has blasted through resistance in the $100 handle, at $191 and $195, specifically, to solidify the $200's. We are currently meeting resistance at the first technical level at $209, as identified by two red triangles on the KRI. We are seeing support from $202, as identified by a green triangle on the KRI. We have not seen much in the way of a...

quantguy Updated 

As predicted yesterday, bitcoin broke out to make new highs. There is strong optimism off of this new Bitcoin ETF, which has bled into the entire crypto market. At this point, Bitcoin has retraced just a bit, finding support at the next level down, $64.3K. The Kovach OBV is strong but has tapered. At this point a technical retracement is due, which could take...

quantguy

Ethereum has blasted off, gaining from exuberance in the crypto market over the Bitcoin ETF. We have blasted through the $4K handle, and are currently at the precipice of the $4300's. Our next target is $4450, which would make new highs for ETH. If we retrace, we should find support at $4020. Ethereum appears to have enough momentum to hold the $4K handle, but...

quantguy

Stocks have pressed higher, but are currently rounding off. We tested 4545, the level we mentioned yesterday, but were unable to break through at the moment. A red triangle on the KRI denotes the resistance. We have since consolidated in a very narrow range between this level and 4521. We are getting strong support here, confirmed by three green triangles on...

quantguy Updated 

Bitcoin is within inches of new highs, as it flirts with $64.3K. We are currently finding resistance just below that, hovering at $64K at the time of this writing. We have not seen much in the way of technical retracements, so one is very likely to occur, potentially after we've secured new highs. If so, expect support at $59.4K or $57.7K. The next target is $66.3K.

quantguy Updated 

Bitcoin is gunning for new highs, but Litecoin does not seem convinced. It is currently consolidating just above our level at $184. There is a bullish divergence in the Kovach OBV so watch for a breakout soon. If so, we must clear $191 to make new relative highs. The next target after that is $195, the last level in the $100 handle. We will find support at...

quantguy Updated 

Ethereum has pressed higher, testing our level at $3861. We appear to be forming a bull wedge pattern with an upper bound at this level. At this point, a breakout seems imminent, but watch for further consolidation. The Kovach OBV has dipped but does appear to be gaining more strength. We have a vacuum zone below to $3646, but this is a min lower bound for...

quantguy

Stocks have continued their rally into the 4500 handle, on earnings optimism. We are meeting some resistance at 4520, but the Kovach OBV is still quite strong, indicating a clear bull trend. At this point a technical retracement is reasonable, and we should see good support at 4462. If the rally continues, we have only two levels above, 4545 and 4564 before we...

quantguy

Litecoin got a lift to higher levels, facing resistance at $191. We saw great support just above $174, confirmed by several green triangles on the KRI. The Kovach OBV is rising, suggesting momentum may be coming back. To contiune, we must definitively break $191, then $195. These are the last levels in the $100 handle. Then we will be clear to see $200's again.

quantguy

Ethereum is consolidating into what is appearing to be a bull flag pattern. We are finding support at $3646, making a few tests of this lower level. Green triangles on the KRI are confirming support. We are seeing a great deal of resistance at $3861, however, and are currently seeing a red triangle on the KRI just below this level. We will need a good burst of...

quantguy

Bitcoin has inched higher, topping its previous high, but just barely. We are definitely struggling with $62.4K. There is still a great deal of excitement and exuberance in the crypto market over the new US ETF backed by Bitcoin futures. If the bull run continues, the next target is $64.3K. This is the last level before we can test all time highs again around...

quantguy

Stocks have risen higher despite tapering and inflation worries. We have risen past the 4400 handle and have broken into the 4500 handle, but just barely. We have some key earnings today, so keep an eye on the news to determine if this rally will continue. We are starting to see some red triangles on the KRI suggesting that stocks may be facing some resistance....