quantguy

quantguy

Litecoin has rallied up to $174, but has since retraced to $165. We have added this as a new technical level, since Litecoin has been sensitive to it recently. We are currently finding support here at the moment, as confirmed by two green triangles on the KRI. If we break through this level, there is a vacuum zone to $158. There is another vacuum zone below to...

quantguy

Ethereum rallied significantly, finally solidifying the $3K handle. We tested as high as $3500, before retracing to support at $3324. From here we can expect to establish value in this area, broadly speaking. Support at $3324 is looking quite weak and if we break through we will have support at $3200. There is fairly strong support there, but if that does not...

quantguy

Bitcoin roared on Friday, smashing through $45K, which was previously a hard upper bound. We peaked up as high as the low $49K's, before retreating to support at $47.4K. It is maintaining a very narrow range at this point. If we do not have the strength to maintain these higher levels, we can expect to reestablish the $40K-$45K range. It will take some...

quantguy

Stocks appear to have found support for now at 4272. This seems to be a lower bound for now. We do appear to be witnessing a meager attempt at a rally. The S&P has tested 4380, but retraced a bit to support at 4327. We may attempt to find support here as we establish value. The Kovach OBV is still solidly bearish, and until we can see some momentum come...

quantguy

Litecoin has rallied significantly since our last report, testing $164 at the time of this writing. This follows after blasting through $158, the previous level of resistance. We are in a vacuum zone right now, with the next target at $169. From below, $158, $147, and $141 should provide support with $141 being the absolute lower bound for now. The Kovach OBV...

quantguy

Ethereum is testing the upper bound of the range, currently breaking through $3148, and testing $3200 as we are writing this report. Will Ethereum have enough momentum to break through to higher levels? We are seeing momentum come through in Bitcoin which is likely to bleed into ETH. If we can break $3200, then $3224 is the next level of resistance above, then...

quantguy

Bitcoin has regained the highs of the range, testing $46K. We see two red triangles at this level which are suggesting that we are starting to see resistance, but currently we are seeing a bit of momentum come through. We should have support at $43.1K, which is broadly the mid point of the range. If we retrace the entire range, we will find further support at...

quantguy

Stocks appeared to be seeking value around 4389, but seem to have taken a turn for the worse. We found support at 4350, but risk off sentiment pervaded the markets and the S&P smashed through several support levels down to 4272, where it is currently finding support. The Kovach OBV is still massively bearish, suggesting we are getting into oversold territory,...

quantguy

Litecoin has appeared to find support at $141, and broken past $147. It is currently finding resistance at $150. The $150's seem to be a barrier for LTC at the moment, and it is struggling to maintain value here. The next level from above is $158, so we are in the middle of a vacuum zone. We will likely continue to meander around this price point to establish...

quantguy

Ethereum made a run for higher highs, and peeked above $3K like a meercat, before ducking back to safety in the upper $2K handle. We are broadly holding the range between $2762 and $3148. This is quite a wide range for ETH. The Kovach OBV is still very bearish, and it will take significant momentum to crack $3K definitively. It will take even more to break...

quantguy

Bitcoin has found support at $40.8K. It is currently playing the broad range between this lower bound and $45K. We are currently facing resistance at $43.8K. The Kovach OBV is very weak, and the Chande has dipped dramatically. We are currently finding support at $43.1K, but it does appear that momentum has dried up for now. It will take significant momentum...

quantguy

Stocks have found support at 4350. The S&P has drifted up, and inched above 4389, but does not seem to have enough momentum in the tank to test the 4400's yet. If we see a lift at open, 4408 will be our next immediate target. After that, there is a cluster of levels in the low 4400's, that will next provide resistance. The Kovach OBV is bearish, but has...

quantguy Updated 

Bitcoin has found support at $40.8K. We have tested this level several times. The more comfortable BTC is at this level, the more confident it will be to break it. We aren't seeing sufficient momentum to this small rally to conclude that a bull run is anywhere near. The next technical level below is $40K, and that is the final barrier to the $30K handle. The...

quantguy

Litecoin keeps pressing lower, solidly breaking $147, and finding support at $141. We are seeing some green triangles on the KRI here, indicating that we are seeing support, but we keep seeing lower highs, suggesting we are forming a bear consolidation pattern. If we break down, we should find support at $134, which will take us deeper into the $100 handle. If...

quantguy

Ethereum has found support at $2762. It appears to be making a run for $2965, but momentum looks really weak. The Kovach OBV appeared to be attempting to return to bull mode, but has since turned over. We have tested lower levels several times and may be forming a bear wedge or other consolidation pattern. If we can break $2965, there is a vacuum zone to...

quantguy

Stocks have finally found support at 4350, after a massive selloff yesterday. We cut through several major levels, and have solidly breached the 4300 handle. Currently, we are seeing a bit of a lift from 4350, reaching a resistance level at 4388. There is a red triangle on the KRI, suggesting we may see a rejection of this level. If so, we could retrace back...

quantguy Updated 

Ethereum has broken through $2965, to find support around $2900 at the time of this writing. It is hovering just above $2852, the next technical level to provide support from below. Several green triangles on the KRI suggest we are looking to find support, and momentum is not steeply bearish. We should find support soon, and are due for a bounce even if it just...

quantguy Updated 

Stocks have sold off pretty hard, breaking down from a head and shoulders type pattern with the head at 4487. We anticipated in these reports that it would be difficult for stocks to break higher and that the risk was to the down side. We are currently attempting to find support at 4408, a level we have discussed in these reports many times and called out...