quantguy

quantguy

Litecoin has pivoted off $51.92, and made a run for higher levels. We hit the exact target we mentioned yesterday at $55.84, but are running into resistance here. If we are able to break through then there is a wide vacuum zone to $61.75, and we are likely to find some resistance in between. If we reject current levels, expect support in the low $50's.

quantguy

Ethereum bottomed out at the exact level we identified yesterday at $1424. We broke through $1547 and are currently in the middle of the vacuum zone in between this and $1653. The Kovach OBV is on the rise, but still looks a bit weak. Our next target is $1653, which is the start of a cluster of levels extending into the $1700's. We have seen these levels...

quantguy

Bitcoin bottomed out in the $19K's and is making a run to regain the $20K's again. We have hit $20K and are inches away from our level at $20.7K. Red triangles on the KRI are setting in, indicating that we are running into resistance. The Kovach OBV is starting to curl upwards but appears weak. We should see resistance at $20.7K but if not, the next target is...

quantguy

Oil has made a run for higher levels, testing the next level above $95.24 at $96.88. US oil reserves are at lows not seen since 1984 , as the Biden administration hastily digs into reserves to frantically buoy prices before midterms. Nevertheless, we are still trekking closer to the $100 mark. If we are able to break through $96.88 then $100 is the next...

quantguy

After plummetting to the bottom of the 4000 handle, stocks made a meager attempt at a rally. Our level at 4009 was the exact low of the S&P 500. It touched this level and promptly pivoted, testing the next level at 4068. However red triangles on the KRI immediately confirmed resistance and have been struggling to break through. If we can, then 4122 is the next...

quantguy

Litecoin found support in the low $50's touching our level exactly at $51.92. We caught a nice pivot, and tested the next level above which we also identified perfectly, to the tick, at $55.84. A red triangle on the KRI indicated resistance, and we swiftly rejected these prices, currently wavering in the vacuum zone between $51.92 and $55.84. We should...

quantguy

Ethereum has plummeted drastically. After comments from the Jackson Hole retreat were digested, risk off assets sold off hard, in particular the crypto market. Ethereum has been holding strong lately, posting (and holding) better gains than most of the majors. We were even testing restance again in the $1700's, seemingly gearing up for another run to $2K. ...

quantguy

Bitcoin has plummeted after the hawkish rhetoric from the Jackson Hole retreat slammed risk on assets. We broke through supoort at $20.7K and smashed through $20K. Currently, we are wavering about the $20K mark, in the high $19K's at the time of this writing. The Kovach is incredibly bearish, registering the selloff. Our next level down is $18.6K, and we have...

quantguy

The US dollar shot up as hawkish comments from the Jachson Hole retreat sent yields soaring. We have broken through our recent high of 109.30, making new highs at 109.47. We are just a few ticks south of our target of 109.86. Despite the strong hawkish tone of Fed officials last week at Jackson Hole, it does feel like a technical retracement may be in store for...

quantguy

Stocks swiftly sold off as the markets digested comments from the Jackson Hole retreat. This is a gathering of central bankers from around the world, and while no 'official' policy decisions are made, the markets pay great attention to comments made by key members. In particular, Jerome Powell came off sufficiently more Hawkish than anticipated , and the...

quantguy

Oil saw strong resistance at $95.24, the relative high we called out yesterday. After testing and rejecting this level we saw a brief ratracement, finding immediate support at $92.03, the next level down, as we anticipated. We should see further support from $90.06, the base of the $90 handle. If prices pick up, we must solidly break $95.24 and $96.88 before we...

quantguy

Litecoin has been continuously bound by $58. We have broken through $55.84, albeit barely. Currently we are testing support here. The price action is rounding off, suggesting weakness. If we break currently levels, we should see further support in the low $50's. If we are somehow able to rally, then $61.75 is the next target.

quantguy

Ethereum has rallied into stiff resistance from a dense cluster of levels starting at $1653. We have since retraced slightly, finding support again at $1653. Resistance should continue through the $1700's, but if we can break through, then our next target is $1821. If we continue to retrace, then our next target is $1547. We should not see much action in the...

quantguy

Bitcoin is edging up, but is still bounded by $22K or so. We have a strong level at $22.4K, but we can't even muster the strength to test this. We did see strong support around $20K, so it does not seem like BTC is weak enough to test the $18K's or $19K's and establish the range we held when we tested lows. However, the Kovach OBV is still bearish, so we have a...

quantguy

The US dollar has stalled at highs at 109.30 or so. We saw great resistance here, as we anticipated, but have found support around 108.50, a strong technical level. Green triangles on the KRI confirm support here. The markets will likely be quiet until the Fed's Jerome Powell speaks at 10AM EST at the Jackson Hole retreat. If he sounds hawkish, we could make a...

quantguy

Stocks pivoted from 4122, where we saw strong support from green triangles on the KRI. Subsequently, we were able to pivot and made a run for higher levels. We have broken past 4188, the exact level we called out as a target yesterday. The Kovach OBV has picked up, but we will likely not see too much action until the Fed's Jerome Powell speaks at the Jackson...

quantguy

Litecoin has found support in the low $50's and pivoted back up past $55.84. We are currently finding great support here, but facing resistance immediately above at about $58 or so. If we can break out then $61.75 is the next target. If we reject current levels then $51.92 and $50.64 should provide support.

quantguy

Ethereum found support at $1547, as we anticipated. We saw a lot of green triangles from the KRI on this level, confirming support. Subsequently, we pivoted back to the $1600's where we first saw resistance from $1653. There is a cluster of levels above that should provide resistance, and we are currently in the thicket of them. These start at $1694 and end at...