quantguy

quantguy

Litecoin has dipped down deeper into the mid $100 handle, finding support finally at $150, just above our level at $147. We have recovered ground just above $158, and appear to be clinging to support there. The Kovach OBV is still very bearish, but the crypto market is due for a pullback after such an extensive selloff. If we see momentum come through, then...

quantguy

Ethereum dipped into the $2K handle, but found support at $2800 and is currently making a run back for the $3K handle. But this is providing some resistance right now. Currently, we are just below $3100, in the midpoint between our levels at $2965 and $3148. It is reasonable for Ethereum to pause and seek value in this range, but the more comfortable we are...

quantguy

Bitcoin collapsed as low as $40K before finding support (as confirmed by a green triangle on the KRI) and recovering to $43.2K. It seems that Bitcoin is unwilling to give up the $40K handle for now. We should see prices equilibrate in the $43K-$45K range for the time being. The Kovach OBV is incredibly oversold, so we could see another selling wave come...

quantguy

After their meltdown yesterday (second worst in history by some sources), stocks have pared back losses, retracing just above the 50% Fibonacci retracement level of the entire move. Indeed, we appear to be seeing the typical 'V-shaped recovery'. We will see if further developments in the Evergrande saga can sustain current levels or if we will have another...

quantguy

Litecoin has retraced its rally and then some. It is currently clinging to $163 (low of this month), after smashing through $169. We should see support at $158 if this does not hold. The Kovach OBV is bearish, but the selloff warrants a relief rally, even if it is just a technical retracement.

quantguy

Ethereum has fully retraced its rally to find support at $3148. Some green triangles on the KRI indicate that this is a strong level of support. But if this breaks, there is a vacuum zone down to the $2K handle, where $2965 should hold. If current levels of support hold, then $3324 is a reasonable level for a relief rally to target.

quantguy

Bitcoin has retraced much of the rally from $43.8K. It is finding resistance at $45K. We anticipated the selloff due to the fact that the rally was quite weak, largely driven by retail investors. It should find support at $43.8K, but if not, $43.1K is the next technical level of support. The Kovach OBV (blue indicator) is quite bearish, but may be starting to...

quantguy

Stocks have plummeted from the news that Evergrande, one of China's largest real estate developers, may file bankruptcy. This would effectively make them "China's Lehman Brothers". Risk sentiment is extremely risk-off right now. Stock indexes world wide have plummeted. The S&P has sliced through the 4400 handle with ease. We should have support from 4364 and...

quantguy

Litecoin has met resistance at upper levels in the $100 handle. A series of red triangles at $191 and $195 suggest that these upper levels were too much for LTC to sustain, and we have retraced back to value in the $180's. Currently, we appear to be flirting with support at $184, as confirmed by a series of green triangles at this level. This is a very narrow...

quantguy

Ethereum made a run for higher levels, but appears to be facing resistance at the 0.618 Fibonacci level. This coincides with our technical level at $3646. We are finding support at $3461 at the moment, as confirmed by a green triangle on the KRI. If this does not hold, we should find further support at $3341, but after that, we will find ourselves back at the...

quantguy

Bitcoin has established value just above the range it was holding after the selloff. Currently, we are trading sideways in a very narrow range between $47.4K and $48.2K. There is a vacuum zone above to $49.7K, but we do not appear to have the strength to test it, at least for the moment. The Kovach OBV appears dead for now, and it will take significant momentum...

quantguy

Volatility has permeated stocks, but it does appear that 4440 is a bottom for now. We have attempted a 50% Fibonacci retracement of the selloff from highs, falling just short at resistance at 4487. We appear to be attempting to establish value in this broad range, and are currently testing support at 4464. The Kovach OBV is somewhat oscillatory, but appears to...

quantguy Updated 

Bitcoin has gradually drifted up to break the upper bound of the range it had held between $43.8K and $47.4K. We are meeting resistance one level above at $48.2K. This rally seems very weak by crypto standards. The Kovach OBV has barely moved from lows, and the price action is clearly quite gradual compared to the large spikes of momentum that we typically see...

quantguy Updated 

Stocks have caught a bit of a lift from lower levels. We have reached as low as 4440, before catching a bit of a lift that brought us back almost to a 50% Fibonacci retracement of the entire bear move. We finally met resistance at 4487. The Kovach OBV has picked up notably, but has since slumped over. Be careful about this move, it could just be a relief...

quantguy

Litecoin has drifted up to test the upper bound of its range at $191. In fact, we were able to punch through this briefly and test the exact levels we mentioned before at $191 and $195. However we met swift resistance here, as confirmed by two red triangles on the KRI. There is a definite preference for the upper bound of the range, however, and currently we...

quantguy

Ethereum has inched above the highs of the range it has been holding since the giant sell off from the $4K handle. We had established the highs of the range around $3550, but are currently testing $3646. A red triangle on the KRI indicates that we are seeing some resistance at this level. This is a significant level because it is one of the last levels in the...

quantguy

Litecoin has continued to range like the rest of the crypto majors. Despite the fake news that sent it back up to relative highs only to crash down right where we started, we are maintaining the range between $174 and $184. This is a very narrow range and we are due for a breakout soon. The next target is $191, then $195 will be the last target of the $100...

quantguy

Ethereum continues to range between $3148 and $3473. Several red triangles on the KRI suggest that we are facing resistance at this upper bound. The KRI has slumped, suggesting ETH will trade sideways until some momentum comes through. If we do break out, the next level above is $3646, which should provide resistance. From below, we should get support from the...