quantguy

quantguy

Ethereum has blasted through $3473, which was once a significant upper bound and barrier to higher levels. We are seeing new relative highs in a clear bull breakout. Our head and shoulders pattern from before is now completely invalidated, which is a very bullish sign, bolstering our overall sentiment. We are currently in the middle of the range between $3473...

quantguy

Bitcoin has slowly trekked downwards, finding support at $46.2K. We should continue to see support at this level, and we recall that there is a cluster of levels below in the $45K's that should provide additional support if needed. If we smash through, then $43.8K would be the next point at which we should see support. If current levels hold, we can expect BTC...

quantguy

Stocks are clinging to highs. We retraced slightly to 4521, but as we anticipated yesterday, this level, once a profit target has held, providing support. It will continue to do so, but a correction could take us back to 4505 or 4487. Our next profit target is 4564. The Kovach OBV is still strong, and if we see a particularly risk-on day at open, then we...

quantguy

Technical weakness pervades the Litecoin chart as with Bitcoin. We appear to be seeing a very broad consolidation pattern in formation with subtly higher lows and lower highs. This is forming a consolidation pattern, perhaps a flag or a triangle. As volatility consolidates, we could expect a breakout. We will have support below at $161, and above we can expect...

quantguy

Ethereum caught some strength, bringing us back to relative highs. This coincides nicely with the head of the failed head and shoulders pattern. We asserted that a failed head and shoulders pattern is a bullish sign and this is to be expected. The question is whether ETH can break through $3363, or if it will reject these higher levels and return to support in...

quantguy

Malaise is still permeating the crypto market. Bitcoin does appear to be holding the mid-upper $40K well. It continues to find support at $46K, which appears to be the lower bound of perhaps a large bear wedge forming. We should have good support below from a cluster of levels around $45K, but after that we may see support from $43.8K after crossing a vacuum...

quantguy

Stocks have broken through our profit target to make fresh highs again. Our previous profit target was 4521, which provided little resistance. Our next target is 4564. The Kovach OBV is tapering slightly, suggesting that momentum may be starting to wane. Additionally, we are starting to look a bit overbought. Knowing this product, we may have another rally in...

quantguy

Litecoin is ranging testing out the mid-upper $100 handle. We saw good support at $169, which is a level to which we have alerted you many times. Although it did test upper levels falling just short of $184, it has fell right back to support just above this level. The Kovach OBV is pretty flat, so we anticipate current levels to hold.

quantguy

Ethereum has caught support from $3K or so, and bounced back to the $3100's after testing higher levels. We had noted the head and shoulders pattern with a slanted neckline at $3K or so, which has has stubbornly refused to break. Recalled that failed H&S patterns are to be considered a bull sign, however ETH doesn't really appear to be moving much either way at...

quantguy

Bitcoin is still ranging in the area between $46K to $50K. We are currently just under $48.2K, a level we have discussed many times here. Bitcoin has been respecting this range for a few weeks, and we feel its time it made a move either way. The $50K level has remained a barrier to Bitcoin and we must break this to be considered anything serious. We should...

quantguy

Stocks have blasted through our profit target at 4504 making new highs again. Our next profit target is fairly conservative, at 4521, or about 10 points higher than current levels. We should have some good momentum today, as Fed chair Powell's comments on Friday were received as surprisingly dovish. The Kovach OBV is very strong suggesting we may see momentum...

quantguy Updated 

Litecoin has cracked support at $169, and appears to be forming a bear consolidation pattern around this level. At the time of this writing, we are around $168, our $169 level is now providing resistance. There is a vacuum zone below to $161, which is a Fibonacci level. Crypto is really good at evading expectations, so we may see a short covering rally. The...

quantguy Updated 

Ethereum appears to be forming a bear consolidation pattern at the tip of our sloped neckline of the head and shoulders we identified yesterday. We are hanging onto the $3K handle by a thread, but thus far, ETH has stubbornly resisted breaking down. If it does, we are confident in our profit target of $2931. This coincides roughly with our level of $2965, nearby.

quantguy Updated 

Bitcoin has weakened further, but found support at our level at $46.2K, to which you were alerted in yesterday's report. There is a cluster of support levels below, in the $45K range, but then a vacuum zone down to $43.8K if weakness persists. We may be forming a bear consolidation type pattern which could suggest we are gearing up for another selloff. But we...

quantguy Updated 

Stocks dipped, finding support just above our level at 4462. We are currently testing 4487, which should provide resistance. The Kovach OBV is rounding off with the price action suggesting the overall momentum is petering out. Watch for news events from Jackson Hole to influence the price, and for stocks to remain in the value area between 4462 and 4487 until...

quantguy

The weakness in the crypto market has bled through to Litecoin. It has penetrated $174, finding support at $169. There is a vacuum zone down to $158. We do appear to be seeing good support at current levels, confirmed by several green triangles on the KRI, but the Kovach OBV has really tanked, although currently it is pretty flat.

quantguy

Ethereum broke support from below at $3148, and is currently trying to establish value in the vacuum zone between this level and $2965. It does appear to be forming a head and shoulders type pattern, with a slanted neckline, the lower bound of which is about $3K. The first inverse Fibonacci extension level is $2931, which may suggest that Ethereum is gearing up...

quantguy

After making new relative highs not to long ago, weakness has pervaded Bitcoin again. It touched the $50K handle briefly, but fell back to its comfort zone in the $40K handle. It is currently finding support at $46.2K. It appears that all the good news is already priced into the crypto market, and the big moves have already happened. If we don't have any more...