Natural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same. The Daily chart now needs a couple days of consolidation before another sustainable push. The weekly chart recaptured the 50 Weekly MA...very good near term sign. This can now be used as a support level to trade against for very tight...
Overview: Over the last two trading days, the VANTAGE:SP500 and NASDAQ:QQQ posted green candles, pulling us back from the bearish abyss we ended up in last week. However, neither has yet surpassed Friday’s opening price. Many speculate that the U.S. election outcomes could positively affect crypto prices, though we believe that any correlation is weak beyond...
Overview: The FRED:SP500 is down, NASDAQ:QQQ is down even more, and COINBASE:BTCUSD has dropped. Everything is red! Or wait… BINANCE:SUIUSDT is up! Could this still be the effects of the Grayscale Trust, and how much longer can SUI defy the overall market? Previous Grayscale picks like BINANCE:NEARUSDT and BINANCE:TAOUSDT aren’t performing as well on...
Overview: Today marks a mini anniversary—exactly one month since the 15% COINBASE:BTCUSD BTC crash on August 5th, which concluded a 7-day bearish correction. This correction was the third wave in a 28-day cycle. Why does this matter? BTC tends to follow relatively short cycles and typically doesn’t take longer than a month to make a decisive move in either...
Overview: As we wrote on Sept 1st: "Tuesday brings a wave of bears." It's been a strong start to the week for bears. The VANTAGE:SP500 is down 2.12%, pushing aside hopes for new all-time highs and forming a pattern resembling a double top. The riskier NASDAQ:QQQ dropped even more, correcting 3.04%, further confirming bearish sentiment. Both of these...
Nat gas showed some poise today. Holding green in a red market where most commodities saw negative price action. This is impressive to see because Nat gas has a long historical trend of diverging from many commodities. The price action today also saw a red to green reversal further emphasizing the positive potential trend shift. Nat gas stocks were...
From where we put the arrow on the chart, it looks like AR has entered a correction. We can call the bullish pattern A/W wave and consider the wave we are in now as B/X. It is expected to form the green range of the C/Y wave. AR support range cannot be optimized and the range is large so control the risk. The targets are clear on the chart. For risk...
Overview: Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They...
Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three...
The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline. Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower. The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection. Our members stopped out of the second half of UNG in...
Market Context: AR, a strong utility token, is holding up well and breaking through an important resistance level, flipping it into support. This indicates strength and presents a potential trading opportunity. Trade Setup: Entry: Long trade around $23. Take Profit: First target: $28 Second target: $35 Stop Loss: Around $19.5. 📊 This setup capitalizes on the...
Overview: There were no surprises in the Fed’s meeting minutes. "Officials were confident about the direction of inflation and are ready to start easing policy if the data continues to cooperate." However, too many traders are interpreting this as “on September 18th, my $stonks go up.” Don’t be one of them. VANTAGE:SP500 posted another green candle, but...
Overview: For the first time in the last six trading days, the S&P 500 closed with a red candle (-0.20%), even though its wick extended higher than the previous trading day. The key macroeconomic event to watch this week is the release of the "Minutes of the Fed's July FOMC meeting" on Wednesday, which will provide insights into the discussions and debates among...
Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally...
Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA...
Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market...
Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push...
Overview: Lord Jerome reported 227,000 jobless claims, slightly below the expected 234,000. Additionally, almost all other macroeconomic data points to a growing and improving economy. July U.S. retail sales were three times higher than anticipated, coming in at 1% versus the expected 0.3%, suggesting strengthening consumer confidence, which has risen above 0.7%...