quantguy

quantguy

Bitcoin is ranging between $43.8K and $47.4K, the latter being a new technical level of resistance. We do appear to see some drift toward this upper bound, but no serious momentum. Thus it is likely we are to see further resistance here. Note that as the ranging continues, the probability of a breakout increases. We will see if Bitcoin has the strength to...

quantguy

Stocks have opened the week by continuing a steady decline. To an extent, this is to be expected, because September is typically a slow month in the stock market. However, the CPI miss yesterday should suggest that we are to see the Fed walk back statements about tapering, which should be good for our portfolios. Due to this, we expected more of a risk on day...

quantguy

Litecoin saw an incredible amount of volatility as news started circulating that Walmart was going to accept litecoin as payment. We reported this to you as the news broke in the comments to yesterday's Litecoin report. Sadly, this turned out to fake news as the tweet was taken down and Walmart swiftly denied it. We were also quick to report this in the...

quantguy

Ethereum is ranging with the rest of the crypto market. We had a bit of volatility bleed into ETH from news that Walmart was going to be accepting Litecoin payments. This turned out to be fake news, and the markets retraced all of that hype buying entirely. We saw support from lower levels in the $3K handle, namely, $3200 and $3148. We will have further...

quantguy

Bitcoin faced a bit of volatility after the Litecoin-Walmart deal turned out to be fake news. We actually saw lower prices after that set in, and tested $43.8K, a level we have been eyeing in these reports for some time. We are maintaining the range between this and $46.2K. There is a cluster of levels in between, but otherwise, the two mentioned are good...

quantguy

Stocks are finding support at 4462, after some volatility. It does look like we are stabilizing about this level for the moment, after making a run for support at 4440. September is usually a month of malaise for stocks, but we will see if we can get one more burst of risk on in beforehand. If so, we could test 4487 or 4504. The Kovach OBV is pretty bearish at...

quantguy Updated 

Ethereum is testing lower levels in the $3K handle. In particular, we are finding support from $3148 and $3200, as confirmed by green triangles on the KRI. If these levels continue to hold then we should be able to test the upper bound at $3473. We will know if we are wrong really quickly if we break through $3148, which is our last support level in the $3K's. ...

quantguy Updated 

Stocks tumbled Friday, taking us to lower levels of support. We have identified these in the last report and we have tested these levels to the tick. In particular, we saw support at 4487, before testing 4462 which appears to be holding for now, confirmed by a green triangle on the KRI. We are testing 4487 from below again, but will need momentum to pierce...

quantguy Updated 

Bitcoin is testing support at the lower bound of its range between $43.8K and $46.2K. We should see some support here, but the Kovach OBV is tapering downwards, which could suggest a bear divergence. Current levels are a good place to consider a long position, as we have good support here, and the risk management is tight. If we do break $43.8, we will likely...

quantguy Updated 

As with most of the crypto market, Litecoin is testing lower levels. We have support at $169, which is confirmed by some green triangles on the KRI. The Kovach OBV is quite flat, especially compared to the selloff from relative highs in the $200's. We will need bear momentum to break through $169. Watch for LTC to test the upper bound of the range at $184,...

quantguy Updated 

Ethereum has made a run for higher levels, forming a bear wedge with an upper bound around $3550. This gave bulls some high hopes of a breakout, but reluctantly, we have rejected these higher levels for now, and have broken to the downside. We are seeing support at $3324, a level we have been discussing in these reports for months. Savvy readers would have been...

quantguy

After plummeting from the $200's, Litecoin has found support at $169 the head of the inverse head and shoulders pattern from which it broke earlier. This is effectively a full retracement of the move it made which brought us to the $200's in the first place. We are currently ranging, establishing value again between $169 and $191. From here it could go either...

quantguy

Bitcoin continues to range after finding support at a cluster of levels in the $45K to $46K range. It is clearly seeking to establish value after the dump from the $50K handle. This is a rather narrow range for Bitcoin, so we may anticipate a breakout soon. The Kovach OBV is trending up slightly, which could signal a bull divergence and thus perhaps a bull...

quantguy

Stocks have tested our lower levels, breaking through 4504 then finally bottoming out at 4487. Both were levels as to which we alerted you in this report. It appears that selloff we saw earlier this week may have found support at 4487. We have a double bottom at this level with two green triangles on the KRI. If we are wrong there is a vacuum zone to 4462. If...

quantguy

Litecoin appears to be establishing value around $180 after dumping from the $200 handle. We do appear to be forming a bull wedge bounded from above $184. Several red triangles on the KRI are reflecting the resistance here. The Kovach OBV is pretty flat, so we will need to wait for more momentum to come through before we can consider breaking out. If so, $191...

quantguy

Ethereum has found support in the lower $3K handle after plummeting from $4K. We do appear to be tending up toward to the mid $3K's at the moment, but appear to be bounded by $3500. Three red triangles on the KRI seem to confirm the resistance. We do appear to be forming a bull wedge suggesting that Ethereum may be building up steam for a breakout. The Kovach...

quantguy

After tumbling from the $50K handle, Bitcoin appears to have stabilized in the mide $40K's. We have found good support from our levels between $45K-$46K. Recall that there is a cluster of these around this price range, and we gave you a heads up that support was likely. Currently, the price action is completely flat, suggesting that Bitcoin is digesting these...

quantguy

Stocks have been gradually trending downward since highs at 4545. We have broken through several levels of support including 4521, and 4504. We finally found support at 4487, to the tick. We've called out this level many times in the reports. This would have made a nice level to buy back at least for a quick scalping trade. Currently we are testing 4504 again...