quantguy

quantguy

Litecoin is testing lower levels, after rejecting the $150's. It appears to be finding support just above $141, which appears to be the lower bound of what looks to be a bear wedge forming. If we break through this, we will find support from $134, which will take us deeper down into the $100 handle. If we can muster some momentum, then we have a vacuum zone to $158.

quantguy

Bitcoin has trended downwards, after attempting a 50% retracement of the selloff from mid September. We are currently finding support at $41.7K, just above the last two key levels of the $40K handle. Some green triangles on the KRI suggest that we are getting some support here, and may see an uptick soon. Both Kovach Momentum indicators (blue and purple lines...

quantguy

Litecoin has been attempting to establish value with the rest of the crypto market. We are seeing great support at $141 but are facing some issues with the $150's. This is a very narrow range for LTC, so a breakout can be expected either way. The next level to target above is $158. If we can fully breakout of the $150's, then there is a vacuum zone back to...

quantguy

Ethereum appears to be establishing a range between $2762 (which we have added to our chart as a new technical level) and $3148. We are gradually seeing the Kovach OBV pick up reflecting some buying, but a red triangle at the upper bound of this range suggests that we are facing resistance. Watch for a retracement to $2965 again. We may see a bull consolidation...

quantguy

Bitcoin is ranging between $40K and $45K. This was a previous value area for BTC. We have made a few attempts to break lower into the $30K handle, but these were quickly bought back. Currently, we are meeting resistance at $43.8K, and several red triangles on the KRI appear to confirm this. The Kovach OBV is quite flat, which provides confirmation to our...

quantguy

Stocks have made a run for highs, but have met resistance at 4487. We are currently finding support at 4463, as confirmed by a green triangle on the KRI. The Kovach OBV has been tapering up, confirming the bull trend, however this momentum still seems paltry with respect to the selloff we saw last week from Evergrande. If we are able to brak 4487, then 4504 and...

quantguy

Litecoin has dumped with the rest of the crypto market. It has made a run for lows, testing $147. The Kovach OBV is still very bearish but we still have a green triangle on the KRI indicating support. The next level of support is $141, if current levels do not hold. The $160's remain a significant barrier for LTC if it can muster the momentum for a breakout.

quantguy

Ethereum met resistance at $3148, where it was quickly slammed back down to the $2K handle again. We have met support at $2852, and appear to be seeing support here from a green triangle on the KRI. The Kovach OBV is still very bearish, however and we have a vacuum zone underneath us to $2651. If we make another run for highs, then $3148 remains a significant...

quantguy

Bitcoin took a sharp nose dive at $45K. We informed you yesterday that the buying in crypto was weak and we still aren't convinced of the rally. This sharp selloff took us back to $41.9K, which is a strong level of support and we have $41.6K just under this. We have two more levels before we can think about the $30K handle again. The level $45K remains a...

quantguy

Stocks have rallied, completely erasing the Evergrande selloff. We have rallied back to 4462, finding support at 4440 and 4431, levels we have brought up in these reports. It appears investors are back to risk on mode, and the Evergrande fears have passed for now. The Kovach OBV has gradually picked up, so watch for momentum. If we can break 4462, then watch...

quantguy

Litecoin has bounced back, but is facing resistance at $158. We are potentially seeing an inverse head and shoulders pattern forming here, but we will need to see the second shoulder form properly before we can confirm. We are seeing support at $151 at the moment, as confirmed by a green triangle on the KRI. Both the Kovach momentum indicators are bearish,...

quantguy

Ethereum has gotten a lift back to the $3K handle suggesting that investors feel that the $2K handle is a bargain for ETH. We have crossed the vacuum zone from $2651 and broken through resistance at $2965. Currently we are meeting resistance at $3148, as confirmed by three red triangles on the KRI. This level and $3200 should provide formidable resistance and...

quantguy

Bitcoin caught some momentum and we have broken past levels of resistance at $43K. We did not have the steam to make it to $45K, which was a previous value area. There is a cluster of levels around $45K, which should provide resistance and will be the next barrier for BTC if it catches more momentum. But we appear to be seeing momentum wane at the moment, and...

quantguy

The S&P 500 has gained momentum, breaking past the 0.618 Fibonacci level. We are meeting resistance at a cluster of levels in between at 4431, which was rejected, and we have been sold back down to support at the 0.618 level at 4417. Momentum does look weak, so anticipate resistance to continue until we have some clearly defined momentum come through. If so, we...

quantguy

Litecoin has continued to push lower, finally finding support at $147. We have two green triangles on the KRI near this level. Currently, we are seeing a bit of a retracement to $158, but we are falling just short of this level. It appears we are currently finding value just below it, around $155 at the time of this writing. The Kovach OBV is still bearish,...

quantguy

Ethereum plummeted deeper into the $2K handle, finding support at $2651, a level we have identified many times. It has retraced the vacuum zone but is currently finding resistance at $2965. The Kovach OBV is still quite bearish, but has leveled off, suggesting at least that the bleeding has stopped for now, but we do not seem to have the momentum to break...

quantguy

Bitcoin made another run for lows, but has stubbornly refused to break the $40K handle. It found good support around $40K, then quickly established value around $42K. We are seeing lower lows, however, indicating that we are still in a bear trend. Current levels would be a good place to start accumulating a position, but be advised that we could see another...

quantguy

After plummeting in the second worst day ever (by some sources), the S&P 500 is attempting to stabilize. We appear to have bottomed out at 4306, and attempted a 100 point swing to 4408. We are seeing a great deal of volatility in between as stocks jostle to establish value. Currently, we are meeting some resistance at the 0.382 Fibonacci retracement level which...