quantguy

quantguy

Bitcoin continues to solidify its role as crypto king this morning as it smashes the Altcoin Index. This is verified by the Crypto Spread Indicator. At this point, Altcoins should be considered a better price. Notable bargains include Ethereum and Litecoin. I'd wait for BTC to retrace before adding to a position. For access to the Crypto Spread Indicator and...

quantguy

The spread between the 30 year US treasury bond and the 2 year bill has made new lows as the yield curve in the US continues to flatten. Anticipate a pullback at some point, but the curve will likely continue to flatten as investors price in a rate hike despite dovish comments from Bullard at the Fed. This pullback will be confirmed by a green triangle on the...

quantguy

As Bitcoin seals its reputation as the king crypto from Bitcoin Cash, we can expect this bull rally to continue. However the doji forming on today's candle could be indicative of a further pullback. Any pullback at this point should be seen as a buying opportunity. Kovach momentum indicators are both bullish, and indicate strong buying sentiment regardless of...

quantguy

As the markets price in the next interest rate hike by the Federal Reserve, we see the spread between the 30 year and 2 year US treasuries continue to flatten. It is probably not coincidence that peaks in the Altcoin Index match up with with relative bottoms (especially recently) in the treasury spread. Also, although this is somewhat due to the Segwit2x drama...

quantguy

After the fallout from the Segwit2x drama this weekend, the Altcoin index has tanked and the crypto spread indicator is on fire. It is solidly in positive territory indicating that funds are flowing to Bitcoin from the Altcoins. Ethereum and Litecoin did not seem to benefit at all from the frenzy this weekend, it was all Bitcoin Cash which has since retraced. ...

quantguy

Bitcoin has regained some footing after rejecting the $5000 handle. This weekend the Crypto Spread indicator measured tremendous outflows to the Altcoins, specifically Bitcoin cash. BCH managed to dethrone Ethereum momentarily as the number 2 cryptocurrency by volume, but this was short lived. Currently, the pendulum seems to be swinging back to BTC, as it...

quantguy

The Altcoin index (blue line) continues to grow while Bitcoin is pulling back, which indicates that funds are flowing from Bitcoin to Altcoins. The Altcoin spread indicates that Altcoins are providing better returns at the moment. Historically this is transient. Although there has been a lot of tumultuous news lately, e.g. Segwit2x fork being cancelled and...

quantguy

The fallout from the Segwit fork cancellation has taken its toll on Bitcoin, for the moment. Kovach Momentum Indicators suggest that there is still a lot of steam behind Bitcoin's massive rally. Also, the Kovach Crypto Spread indicator suggests that funds are flowing from Bitcoin to altcoins. Consider adding to a Bitcoin position, but be prepared, as Bitcoin...

quantguy

The fallout with the Segwit fork cancellation bleeds into Altcoins as funds flow from Bitcoin. The Kovach spread indicator on the bottom measures this quantitatively. It has dipped into negative territory meaning that for the moment, altcoins are providing investors with better returns. Consider adding to your altcoin position on every pullback. To gain access...

quantguy

Head and Shoulders pattern was forming over the weekend which was a bearish sign, but momentum from Bitcoin spilled over to Litecoin. There is some resistance at $58.50, but another wave of momentum is anticipated since both Kovach Momentum Indicators are in solidly positive territory. Next profit targets are at $60, then $70. If you are interested in using the...

quantguy

Ethereum has broken its sluggish streak off news that China may allow BTC trading again. A bull wedge is forming with the upper bound at $310. Additionally, the Kovach Momentum Indicators have turned positive again. Look for a bullish breakout here with profit targets at $340, then $386. If you are interested in using the Kovach Momentum Indicators or Kovach...

quantguy

What was once a bearish head and shoulders pattern got smashed over the weekend with news that China may allow Bitcoin trading again (see the link). Now we are looking at a bull wedge forming, and are inches away from new highs. The Fibonacci extension levels indicate that $7500 might be a reasonable profit target before the ever anticipated $10000 mark.

quantguy

Head and shoulders pattern forming most definitively on 1D charts with Litecoin. ~$54.50 seems to be a level which coincides with the Fibonacci levels, making it extremely conspicuous. The Kovach OBV indicates long term positive momentum, whereas the Kovach Chande indicator has turned negative confirming a pullback is near. The Fibonacci time zones indicate the...

quantguy

Head and shoulders pattern forming most definitively on 4H charts with Bitcoin. ~$5750 seems to be a level which coincides with the Fibonacci levels, making it extremely conspicuous. The Kovach OBV indicates long term positive momentum, whereas the Kovach Chande indicator has turned negative confirming a pullback is near. The Fibonacci time zones indicate the...

quantguy

Litecoin is moving in tandem with the rest of the cryptos, pulling back for some air at a Fibonacci level. Notice how both momentum indicators have clearly turned bearish. Short term this is a sell opportunity, as we look to consolidate and form a 'dragon head' pattern. This will present a buying opportunity in the long term. If not, and there is a solid...

quantguy

Bitcoin is seeing a bit of a pullback to shelter at a Fibonacci level, after the bloodbath over the last two days. But momentum still remains overly negative, and I don't think we are out of the woods yet. Short term this is a shorting opportunity, long term it's a heads up to load up when it consolidates.

quantguy

Since this was a high volatility event, I actually drew the following analysis on a one minute chart, but Tradingview won't let me post the idea unless it is on a 15 minute chart or greater, so please excuse the coarseness. First, regarding the Fibonacci levels, the most important thing you can do is anchor them properly, which is as much an art as a science. ...

quantguy

A combination of lukewarm earnings for Q1 and talks of an impending Federal Reserve interest rate hike seem to be slowing down the bullish recovery we've seen in the S&P the past several weeks. On the technical side, notice the failure to attain a new high. In fact SPY has consistently been unable to break new highs going back to May 2015, when the bear market...