quantguy

quantguy

Ethereum has retraced a bit from $3200, stalling our expectation for a breakout. We have adjusted the lower bound of our bull wedge pattern to reflect this dip. We should find support at current levels but if not, we have the psychological $3K level or $2965. Be careful because there is a vacuum zone down to the mid $2K handle at $2651. If we are able to...

quantguy

Unlike other cryptos which are forming consolidation patterns and getting ready to breakout, Litecoin already has broken out and hit our profit target from yesterday at $174. We appear to be stabilizing in price, and $169 appears to be providing support. Watch out because there is a vacuum zone below back to $158. We will have further support from $147, if...

quantguy

Ethereum continues its bull wedge consolidation pattern we identified yesterday. We are extremely bullish of Ethereum and it looks like it is gearing up for another breakout to the next profit target at $3473. The Kovach OBV is extremely bullish, and we keep encroaching upon the upper bound of our bull wedge at $3200. In fact, we have broken through it. The...

quantguy

Bitcoin is forming a bull wedge pattern at the uppermost of a cluster of levels between $45-$46K. Volatility has consolidated greatly as we have met resistance at these levels, exactly as we have been telling you here in these reports. The Kovach OBV was once strong, but has now tapered as BTC continues to range. If we are able to breakout, then our next target...

quantguy

We are still waiting for our breakout in stocks. All week, the S&P has been holding an extremely narrow range, and drifting up past our level at 4432. We are seeing a slow but steady drift, and volatility has consolidated immensely. We are due for a breakout either way. Our profit target from above is 4462. From below, 4408, 4389, and 4380 should provide...

quantguy

Litecoin has shown considerable momentum, more so than most other cryptos at the moment. We have broken through $158, and even tested $169. Although we seem to have rejected $169, it does seem that LTC is establishing value between $158 and $169, so this should be a good sign to LTC bulls. If it was not comfortable with these higher prices it would have swiftly...

quantguy

Ethereum keeps rallying and has gained considerable momentum. We are currently forming a bull wedge pattern as it looks to break higher, with the upper bound at $3200. We are looking at $3473 for the next target. The Kovach OBV is still very strong suggesting a bull divergence in the consolidation pattern which implies a breakout soon. If we are wrong, $3K...

quantguy

Bitcoin is consolidating in a cluster of our levels between $45-46K. This is a strong sign for the once belabored coin, which could barely cope with $34K a few weeks back. Typically, BTC swiftly rejects prices if it cannot sustain them. Our next level is $48.2K, and there is one more level at $49.7K before we are able to contend with the psychologically...

quantguy

Stocks are forming a bull flag at 4432, which appears to be a point of control for the S&P. There is a bull divergence in the Kovach OBV suggesting we may finally see the breakout we have been anticipating for the past few trading days. Stocks are holding a very narrow range, which suggests a breakout is near either way. If we are wrong and stocks break down,...

quantguy Updated 

Bitcoin has made new relative highs again over the weekend. We $45K as the next major target and test of BTC strength. We smashed through resistance in the $41K's and are currently contending with $45K. We saw some resistance here followed by a swift buy-back that we are witnessing at the moment. Anticipate BTC to form value in this area before gearing up for...

quantguy Updated 

Litecoin has rallied with the rest of the crypto market. It too, has been able to make a new relative highs, this time just under $158. We should be able to find support at $147 or $141. We are getting a nice lift from $141 at the moment, but if this does not hold we will see further support from $141. The Kovach OBV is pretty flat so watch for LTC to...

quantguy

Ethereum has been on a clear ascent since the London hard fork. We have smashed through $3K, and have met resistance at $3200. After finding support again $3K, we appear to be in the beginning of another rally. Watch for ETH to find support between $3K and $3200. The Kovach OBV has been very strong throughout the rally but is finally flattening. Watch out...

quantguy

Stocks keep encroaching on the upper bound of the range at 4431. We are observing a clear tendency toward higher levels but an inability to definitively break out from them. We do appear to be witnessing a bull wedge pattern, with a bull divergence in the Kovach OBV, suggesting we are mounting up pressure for a breakout to 4462. If we fail to breakout, we will...

quantguy Updated 

Even Litecoin has benefitted from renewed momentum in the crypto market. We saw good support at $134, which honestly did not look like it was going to hold. We've already smashed through $141 and are tending to $147. In fact, we already tested this level but it has been rejected for now. Watch for LTC to establish value between $141 and $147, before it...

quantguy Updated 

Bitcoin has seen solid support from $37.7K. We anticipated weakness and a potential breakdown but it looks like momentum from the London Hard Fork news in ethereum has bled into Bitcoin. Typically Bitcoin leads Eth, but it seems the tables have turned this time. We have seen a dramatic rise in the Kovach OBV, which has tapered very recently as BTC appears to be...

quantguy Updated 

Ethereum got a good lift yesterday from news of the London hard fork, taking us up to new relative highs. The momentum from this news has crept into the crypto market as a whole. We have broken through $2651 and then $2747, and are currently meandering in the vacuum zone between this last level and $2965. This is our next target for ETH. The Kovach OBV is...

quantguy

Stocks are showing a clear affinity for the upper bound of the range, at 4431. We are seeing a bull wedge pattern with higher lows contributing to a consolidation of volatility. Additionally, the Kovach OBV is picking up, suggesting a bull divergence. We feel a breakout is imminent and the next target is 4462. If we are wrong, watch for support at the lower...

quantguy Updated 

Bitcoin is continuing to establish value between $37.7K and $40K. It appears that BTC is not quite ready for the $40K's yet. Be careful, because we appear to have a prolonged head and shoulders type pattern with the neckline at $37.7K. If we are to break down, we will first have support at $36.7K but after that there is a vacuum zone to $34.9K. If we gain some...