quantguy

quantguy

Ethereum had a big dip, giving up the $3K handle briefly. We did see support exactly at our level of $2965. It was swiftly bought back to the midpoint of the vacuum zone between this level and $3148. Although we do appear to be getting good support at $2965, this level is the barrier to a vacuum zone that will take us back to $2651, so be careful. The Kovach...

quantguy

Bitcoin dipped last night and it appeared that we may have given up the $45K range. But we saw support quickly from just above our level at $43.8K. Currently we are testing $45.6K again from below. This is roughly the midpoint of the range between $45.2K and $46.2K. Bitcoin has established value here before, so we may anticipate it to do so again. But these...

quantguy

Stocks retraced quite a bit to 4421, a new technical level under 4431. The selloff came yesterday after renewed Coronavirus panic swept in after New Zealand entered lockdowns. This was swiftly bought back midday and we've retraced about 50% of the selloff. Currently, we're finding support at 4440. The Kovach OBV is still pretty strong, suggesting that the...

quantguy

Litecoin is ranging between $174 and $184, after hitting our profit target at $184. It peaked above this level briefly but did not have the momentum to sustain it and quickly fell back to value in the range. The Kovach OBV is still strong, and we can expect a breakout the longer LTC maintains the range. Our next target is $195, the last level before the $200 handle.

quantguy

What we thought was a bull wedge in ETH has evolved into a horizontal channel between $3148 and $3324. We are still seeing a clear affinity for higher levels, but watch out for the vacuum zone down to $2965. After that is another wide vacuum zone to $2651. The Kovach OBV has waned, but we are holding a very narrow range which always precedes a breakout either...

quantguy

Bitcoin is holding a narrow range in between $45K and $48.9K. We are currently establishing value in the mid/upper $40K handle which is a good sign for BTC that it has not considered testing the lower $40K's or upper $30K's again. The longer we hold this range, however, the more likely a breakout will become. We could see support from $43.8K or $41.9K if we...

quantguy

Stocks saw a selloff yesterday morning but quickly found support, at 4440, which we have identified as a new technical level. This is just above 4431, where we thought we'd see support. After finding support here, we immediately caught a bid sending us smashing through our profit target at 4462, and falling just short of our next target at 4487. We are seeing a...

quantguy Updated 

Stocks have reached our profit target at 4462, and seem to be stalling there. We will see if the Biden administration's epic, incendiary failure in Afghanistan will have an impact in the S&P closer to the open. For now, it looks like it will establish value between 4431 and 4462. The Kovach OBV is strong but has leveled off suggesting that stocks may be taking...

quantguy

Litecoin appears to be forming a bull wedge pattern, with a clear affinity for the upper bound at $184. We have just broken this and are hovering at $187 or so at the time of this writing. LTC could be poised for an imminent breakout to our next target at $195. The Kovach OBV had retraced slightly but is back to bull mode. We will find support at $174 if the...

quantguy

Ethereum is hugging the upper bound at $3324, perhaps considering a breakout to our target at $3473. It seems to have good support from $3200, and even more so from $2965, but it is doubtful we will test those lower levels with such bull conviction. The Kovach OBV is notably bullish, but it looks like we are curving over slightly, as Ethereum ranges. The lower...

quantguy

Bitcoin is hugging the newly established upper bound at $48.2K. We may be seeing a double top forming, but it seems that there is strength in the crypto market and Bitcoin is establishing value between $46.2K and $48.2K. If we can muster the strength for a breakout then our next target is $49.7K, which is the last target in the $40K handle before we hit the...

quantguy

Litecoin has broken out from its range, showing strength over many other cryptos in the market. We have smashed through $174, which was the previous upper bound and also previous target. We remain within a few dollars of our next target of $184, currently at $182. We are seeing a red triangle on the KRI, indicating that perhaps we have fallen just short of our...

quantguy

Ethereum fell from the upper bound of the range at $3200 to support at the low of the range at $2965. We alerted you as this level in the report yesterday, even though we anticipated our bull wedge would hold. It appears that ETH is exhibiting a sideways corrective pattern after its ascent to the $3K handle which is reasonable. Our target remains $3473.

quantguy

Bitcoin saw a big selloff yesterday, that was immediately bought back and we are finding ourselves back at the upper bound it has respected all week. We got sold back to $43.8K, which we have added as a new technical level in the vacuum zone between $41.9K and $45K. Both of these levels should hold in the event of another selloff. Our target remains $48.2K.

quantguy

Stocks have finally hit our profit target at 4462. This was a long time in the making and we've identified this as a profit target last month. The path to get there certainly was not quick, as the S&P has gradually drifted to this target, in contrast to the emphatic breakout we expected. We should see some resistance at this level, so some ranging is...

quantguy Updated 

Stocks have drifted up above our level at 4431. We were anticipating more of a bull wedge breakout, but the momentum we've received has been paltry. We are currently in the middle of the vacuum zone between 4431 and our target at 4462. The Kovach OBV has tapered, but is still bullish. We anticipate the drift to continue until we hit our target. After that, we...

quantguy

Litecoin has retraced sharply after breaking $174. It peaked above this level and immediately rejected it. It is finding support at $169, which is a good thing, because there is a vacuum zone down to lower levels in the $100 handle, $158 being the nearest level of support. If that doesn't hold the next level after that is $147. We could see Litecoin range a...

quantguy

Bitcoin has retraced a bit finding some resistance at $46.2K. We are seeing support from $45K which is a good sign, but it appears that Bitcoin wants to range a bit before considering another breakout. A sideways correction or even a retracement is a good thing for the price stability of Bitcoin. Watch out because there is a vacuum zone down to $41.9K. Our...