quantguy

quantguy

Litecoin has dumped from its position in the $200 handle. It looked like we had solidified the $200's after a massive rally that bested many of the other majors. This followed an inverse head and shoulders breakout that we identified at the end of August. We do appear to be getting good support from the levels at the head and neckline of the inverse H&S,...

quantguy

Ethereum has plummeted from relative highs at $4K, spanning $1K to test $3000 before it recovered and equilibrated finally in the mid $3K's. It appears to be finding good support at $3200, as confirmed by a green triangle on the KRI. Watch for ETH to establish value here and potentially form an inverse head and shoulders before making a run for higher levels and...

quantguy

Bitcoin has smashed through lower levels to find support in the mid $40K handle. We rejected $52.8K, which was the next major level we had to break before we could achieve the mid $50K's. The selloff took us back to $43K at the lowest, before we were able to recover back to the mid $40K handle. Currently, we are finding support at a cluster of levels around...

quantguy

Stocks fell from from the range they were holding between 4521 and 4545. We anticipated a break out or break down as they had been holding this all last week. We caught some support at 4521 and made an attempt to establish value here, but another wave of selling took us to support at 4504. We should find support here but if we see another wave of selling, 4487...

quantguy Updated 

Bitcoin faced a sharp selloff at relative highs at $52.8K, which brought us down to support around $50K. If you recall, we proffered a trading idea where if bitcoin could definitively break $50K, and retrace, then we would enter a long trade at this level. This trade is now in effect, and we are using the lower wick at $50K as an idea for a stop loss. A green...

quantguy Updated 

Stocks have been ranging between the 4521 and 4545. They have been ranging for over a week now. Observe the red triangles at the upper bound of the range from the KRI indicator, and the green triangles at the lower bound of the range. These mark perfect entry points for range trading. We are flirting with new highs, so it is highly likely that stocks will...

quantguy

Over the weekend, Litecoin had a tremendous rally, breaking through the $200 handle and blasting through several levels to the upside. It achieved about $230 before running out of steam. Unfortunately, LTC has given back much of its gains, retracing back to support at $200. We are seeing a green triangle on the KRI, suggesting the $200 handle will hold for now,...

quantguy

Ethereum has rejected relative highs. Many of us had highs hopes for the $4K handle, which would have been a strong sign that we were ready to make new highs again. We are seeing strong support from our level at $3646, finding support just above it, as confirmed by a green triangle on the KRI. In fact, we have already retraced about hald way through the vacuum...

quantguy Updated 

If we can break through $50.8K, we can wait for a dip back to this level, with a limit buy order here. The stop loss would be immediately under the level below at $49.7K. The profit target would be the next level at $52.8K.

quantguy Updated 

As we suggested in the previous report, stocks are generally ranging until news from one of the most significant data points traders can have: Non Farm Payrolls. This is particularly significant because a lower than expected reading will signal that tapering from the Fed is likely off the table until well into next year. In a Central Bank driven economy, this...

quantguy

Litecoin has gotten love from the crypto rally, breaking out past relative highs at $191, which we have added as a new technical level. We are facing resistance just above this level as confirmed by a red triangle on the KRI. We are likely to test the next level at $195, which is the last point of resistance before we can attempt the $200 handle. If we retrace,...

quantguy

Ethereum has been on a solid rally since our head and shoulders pattern failed to break. Recall that a failed head and shoulders pattern is usually a very bullish sign and this is one example. We have broken out from a consolidation pattern bounded by $3861, and are currently facing issues with the psychological $4K level. A red triangle on the KRI confirms the...

quantguy

Bitcoin has found support at our level at $48.2K and rallied back to $50K. It is showing a clear affinity for these higher levels, suggesting a breakout may finally be on the horizon. Recall that we must solidly break out from $50K to solidify the bull rally that took us from the low $30K handle back up to current levels. We are sitting at about $50K exactly...

quantguy

Litecoin has broken out from our inverse head and shoulders pattern. We have broken out from the neckline at $174, and have already broken through our profit target at $179, to hit $184. We appear to be finding resistance here as confirmed by a red triangle on the KRI. If momentum continues, we are likely to find further resistance at $188 then $195, the final...

quantguy

Ethereum has gotten a huge burst of momentum, taking us to the upper $3K handle. We are currently sitting under a resistance level at $3861. This was a Fibonacci extension level from earlier. Our next target is $4020, which is significant because at that point we would have regained the $4K handle, sitting just below all time highs. We will have support at...

quantguy

Bitcoin has just about fully traversed the range back to highs, from lows at support at $46K. It has stalled out just below $50K, teasing us again by playing this range. Until we get a breakout from $50K, we are unconvinced that bull momentum has fully returned to the market. Watch for support at $49.7K and $48.2K. Also recall that there is a cluster of levels...

quantguy

Stocks are maintaining a very narrow range between 4521 and highs at 4545. The Kovach OBV has leveled off, so we are likely going to range before jobs data is released on Friday. A good data point indicates a stronger economy, while a bad data point suggests more Fed fueled free money, so good or bad news is good for stocks. We will have support from below at...

quantguy

Litecoin saw support around $164, as we said it would in yesterday's support. We have recovered a value area at $174, a level we anticipated we were highly likely to test again. Currently we are forming an inverse head and shoulders type pattern with a neckline at $174. If this is able to break out, we could easily hit $179. We have failed to test $184 in the...