quantguy

quantguy Oct 18, 2021

Litecoin has rallied to the $190's, but has sharply retraced back to safety in the lower $180's. We broke through support at $184, but have held strong above $174. We are seeing some green triangles on the KRI at these lower levels suggesting support. If these lower levels don't hold, we can definitely expect support from $174 or $169. We must break through...

quantguy Oct 18, 2021

After a sharp dip to $3646, Ethereum has recovered some ground, but found resistance at $3861. We are finding good support in the $3700's. It appears that capital is flowing into Bitcoin leaving the altcoins lagging. Once traders take profit in BTC, we should see capital flow back into altcoins and Ethereum should rally again. If not, $3646 should provide...

quantguy Oct 18, 2021

Bitcoin continues to press higher, fueled by news of a Bitcoin ETF finally launching in the US. We have held strong under $62.4K, which we have added as a new technical level after $61.6K. We are but one technical level ($64.3K) away from all time highs at $64.8K. There does not seem to be much in the way between current prices and all time highs, but watch for...

quantguy Oct 18, 2021

Stocks have rallied to the mid 4400's, despite persistent inflation fears and a more hawkish stance from the Fed. We have topped off at around 4462. We came just a few ticks before the next level at 4487, before retracing. Currently, we are holding just above 4440. Two green triangles on the KRI suggest support here. The risk sentiment in the markets is...

quantguy Updated  Oct 14, 2021

The S&P 500 has drifted upwards, and is currently testing 4389. At the time of this writing it has barely broken through, hovering in the 4390's. The next target will be 4408. If we can muster the strength to hit that, then 4440 is the next target, a relative high before a vacuum zone to 4462, but we have several levels before 4440, so watch for some resistance...

quantguy Updated  Oct 14, 2021

Ethereum is testing the upper bound of the range at $3646. We are seeing a red triangle on this level suggesting we may feel some resistance. The Kovach OBV is very strong, so we may anticipate a breakout. Ethereum has held this range for more than a week, and the longer volatility has consolidated, the more likely a breakout is. If so, the next target is...

quantguy Oct 14, 2021

Litecoin has found support at $165, and rode momentum in the crypto market back just below highs at $184. We are seeing strong support at these lower levels, so if there is a retracement, they are likely to continue to provide support, and we will likely hold the range. The level at $184 is a barrier for now, but after, we have $191 and $195 the last levels...

quantguy Oct 14, 2021

Bitcoin has regained highs, inching past $57.8K before a brief retracement to support at that level. The difference between new relative highs is getting smaller, suggesting that we may be due for a retracement soon. If so, then there is a cluster of levels likely to provide support, starting at $54.3K. But $52.8K, and $50.8K are likely to hold after that. If...

quantguy Oct 13, 2021

Litecoin has dipped past support at $169. But it quickly found further support in the $160's, just above our level at $165, as identified by green triangles on the KRI. If support does not hold, the next level down is $158. If we see more bull momentum come through, we should be able to establish the $170's again, with the first target at $174. If so, we will...

quantguy Oct 13, 2021

Ethereum has slipped past $3473 to find support at $3416, which we have identified as a new technical level. We are finding strong support here as confirmed by several green triangles on the KRI. If crypto's find renewed momentum, we could see another push back up to the range we had held between $3473 and $3646. Watch out because we do appear to be forming a...

quantguy Oct 13, 2021

Bitcoin has slipped from relative highs at $57K, to test $55K. We are seeing support here from a green triangle on the KRI, and several green triangles before that, suggesting weakness in the bear bias of this retracement. We anticipate Bitcoin to hold support at $55K and potentially range further between this level and $57K. However, if we do break down,...

quantguy Oct 13, 2021

The S&P 500 has slipped back below 4364, as anticipated in the last report. We found support at 4327, roughly the middle of the range stocks were holding between 4327 and 4364. Currently, we are testing the upper bound of this range, but a red triangle on the KRI suggests that we are meeting some resistance. There is a clear bull bias from the Kovach OBV, so...

quantguy Oct 12, 2021

Litecoin has dipped past a major level of support at $174. We have encroached into the $160's, and have found support at $165. We are currently sitting at $169 at the time of this writing, testing resistance. We appear to have good support at these levels, as confirmed by a green triangle on the KRI at $165. However, the Kovach OBV has slumped to reflect the...

quantguy Oct 12, 2021

Ethereum has dipped from highs at $3646. We have fallen through support at $3473, but appear to have stabilized at $3400. We are seeing three green triangles on the KRI, suggesting that we are encountering support, and this bear rout might be coming to a close. If so, the next targets are $3473 and $3563. If not, $3324 and $3200 are the next support levels from below.

quantguy Oct 12, 2021

Bitcoin has trended upwards, but is meeting resistance at $57K. It is currently holding a very narrow range between $56.9K and $57.7K. The next level above is $59.4K, which is the last technical level before $60K. We are seeing good support at $56.9K, but also resistance at $57.7K as identified by green and red triangles on the KRI, respectively. Watch for...

quantguy Oct 12, 2021

Stocks have started the week flaccid, but have found support at 4327. We got a bit of a lift to 4364, but are likely to hold the range until more inflation data comes out. We have a cluster of levels above which will likely prove to provide resistance, such as 4340, 4389, and 4408, particular relevant level. The Kovach OBV has actually picked up a bit,...

quantguy Oct 11, 2021

Litecoin dipped slightly but found strong support from the lower bound of the range at $174, confirmed by a green triangle on the KRI. We are currently testing the upper bound at $184, however a red triangle on the KRI suggests we are running into some resistance. If we are able to breakout, then $191 is the next target. The Kovach OBV is strong but has leveled...

quantguy Oct 11, 2021

Ethereum dipped but has caught support at $3400 or so and rallied back up near relative highs. Broadly, we appear to be holding the value are between $3324 and $3646. The Kovach OBV is still pretty strong, but we are likely to see continued ranging until some momentum comes through. If we break out, the next target is $3861. If current support does not hold,...