quantguy

quantguy

Stocks rallied yesterday hitting our profit target to the tick before retracing back to the bottom of the range. The S&P seems to be in a sideways corrective pattern at the moment, finding good support at the bottom of the range at 4380. The Kovach OBV has dropped notably, so we will see at open if we have enough steam to hold the range. If so, expect a...

quantguy Updated 

The S&P 500 continues to range in a sideways corrective pattern. After its recovery from the dip and making new highs, this is a perfectly reasonable behavior and suggests that stocks may be gearing up for another breakout. We have held a very narrow range between 4389 and 4410. The more constrained the volatility in stocks, the more likely we are to see a...

quantguy

Litecoin has returned to relative highs just under our level at $141. It appears to be forming a clear affinity for this upper bound, in a clear bull consolidation pattern. We are seeing higher lows, and the Kovach OBV is trekking up, building strength. We could be looking at an imminent breakout. If so, $147 is the next target. If we fail to breakout today,...

quantguy

Ethereum is drifting in the vacuum zone between $2232 and $2400, forming a bull consolidation pattern. The Kovach OBV is flat, but if Bitcoin breaks out, momentum will surely carry through to Ethereum. We still must break $2400 to be solidly considered bullish and the next major level is around $2.5K. if we can break through to the upper $2.5K handle then we...

quantguy

Bitcoin has maintained highs just below the upper bound of our Fibonacci anchor at $40.8K. It has developed a clear affinity for higher levels and looks to be forming a bull wedge pattern. The Kovach OBV is gradually increasing showing a bull divergence which is the recipe for another breakout. There is one more level at $41.9K before we attempt to cross the...

quantguy

Litecoin has recovered highs along with Bitcoin. It is currently hovering just below our technical level at $141, and just below the highs of the amazon rally at $139. A red triangle on the KRI suggests that it is having difficulty with these higher levels, but we could see a bull consolidation pattern in the making, suggesting that LTC is establishing value at...

quantguy

Ethereum caught momentum off the pivot level of $2143, and smashed through the next level at $2232, though unlike Bitcoin, it did not have enough steam to recover highs at $2400. It does seem to be forming a bull consolidation pattern and if the renewed exuberance in the crypto market can sustain, it may breakout to test $2400 again. After that, there is a...

quantguy

Bitcoin retraced 50% of the Amazon rumor move, but even after Amazon confirmed it will not be taking crypto payments, it has returned to test the extremely significant $40K handle. This is a significant psychological level, and was a barrier to BTC for some time. The Kovach OBV has turned up sharply with this momentum, and we could be on the cusp of a breakout. ...

quantguy

After making new highs, stocks are trading sideways, which was our prediction from before. After recovering from renewed Coronavirus panic, the S&P had a V-shaped recovery and made all those losses back and then some, making new highs. It is reasonable for stocks to range or retrace after such a move. We should continue to see support from 4389 and 4380 but if...

quantguy

Litecoin topped out just below $141, before a red triangle on the KRI indicated that it lost momentum. After almost a 40% appreciation it was due for a pullback anyway. Currently we are finding support just below $130, and testing this level again. If it proves too difficult for LTC to handle, then we will have support at $124 then $120. The Kovach OBV is very...

quantguy

Ethereum showed very strong momentum and was able to peak above a significant level before retracing. Indeed $2400 seems to be a significant barrier for ETH but it is a good sign for bulls that it was able to break this level even just for a brief moment. A red triangle on the KRI confirmed the resistance. After this, ETH retreated back to comfort and support...

quantguy

Bitcoin topped out breaking just above $40K, before facing steep resistance marked by a red triangle on the KRI, and was swiftly batted back down to support at $36.7K. This marks a 50% retacement from the rally off the Amazon news. This is somewhat of a make-or-break for Bitcoin and by extension, the entire crypto market. If BTC is not able to hold these...

quantguy

Stocks have broken out again to make new highs. We have fallen just short of our profit target of 4431. We have a cluster of red triangles on the KRI, indicating that the S&P is running into some resistance. We will see if it gets another burst of momentum at today's open or if we are due for a retracement. Such a retracement could take us back to support at...

quantguy

Litecoin has recovered to the $130's after topping out at $140. This is almost a 40% gain from lows at $105. We are currently hovering in the range between $134 and $141. The Kovach OBV has picked up tremendously, suggesting momentum may be back. The level $141 remains the boundary we need to break before testing higher levels in the $100 handle. We can...

quantguy

Ethereum has caught a big wave of momentum as it seems the entire market is reinvigorated off news that Amazon will start accepting crypto and is developing their own crypto currency. Ethereum blasted through $2100 which was previously a prohibitive high, and has rocketed up to $2400, which is another significant high, and barrier to higher levels in the $2K...

quantguy

Bitcoin has seen a tremendous surge of bull momentum after news that Amazon will be accepting crypto payments and is developing their own cryptocurrency. We have smashed through $34K which was a significant milestone and a technical level which has proved to be a barrier to BTC. The rally took us just shy of $40K, which is the ultimate validation of another bull...

quantguy

Stocks have made new highs, finally reaching the target we set at 4408. We set this target before the sharp decline in stocks that followed renewed Coronavirus panic. However, the S&P made a V shaped recovery, and we have retraced this selloff and then some. We do appear to have returned confidently back to bull mode. We have established our next target at...

quantguy

Litecoin found support from $105 as we anticipated, but is meeting some resistance from $114, which we have identified as a new technical level. It has gained some strength from the relief rally we are seeing in the crypto market, but is still below $120, a significant level for LTC. The Kovach OBV has picked up, but just barely, suggesting that LTC is not out...