Aug 16Overview: 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 BTC to $100k? Maybe not this time. Last week, we saw a crash followed by a recovery, but this week the market remained stagnant. It seems to have found a range between $55.9k and $63.1k and might bounce within this range a few more times.
Alts Relative to BTC: On August 16th, CRYPTOCAP:BTC grew by 1.70%, but CRYPTOCAP:ETH only by 0.83%, while CRYPTOCAP:SOL dropped by 2.45%, AMEX:NEAR by 1.32%, AMEX:APT by 5.10%, and UPCOM:FTM by 4.59%. As of now, CRYPTOCAP:BTC has continued to grow, but alts haven't recovered at all. It appears that both whales and retail investors (but mostly whales) don't have much faith in an altcoin summer, which also puts CRYPTOCAP:BTC on shaky ground.
Bull Case: We're still trading within a range and haven't touched the $63.1k resistance for a second time. The VANTAGE:SP500 continues to grow along with the economy, with expectations of four rate cuts ahead.
Bear Case: But with September approaching, some big players will re-enter the market. Historically, September has often seen more stock market declines than gains.
Fear and Greed Index: 43.62, slightly higher.
W: Range trading.
D: Neutral, no divergences.
4h: Even though we've recovered to the highs of August 15th, volume is weak, and we haven't broken through $59.7k.
1h: Divergence. We've hit this resistance for the third time.
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D-AR
Aug 15Overview:
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% for the first time since January 2023. Auto sales are also up. Are these newly unemployed Americans spending their savings? Unemployment has been rising since January 2023 and now sits at 4.3%.
The chances of a recession are decreasing, and CRYPTOCAP:BTC is rising.
Interest rate cuts are a tool for quantitative easing, typically applied when the economy isn’t growing and needs an injection of liquidity (M2 money supply). But if the economy is healthy, with spending on the rise and government spending contributing to GDP growth, rate cuts might not be the solution.
Now, think critically—if everything is relatively good (maybe not great yet), the economy is somewhat healthy, and the S&P 500 has been rallying since October 2023—why would you sharply cut rates? Perhaps two or three cuts by the end of the year, reducing rates by a total of 0.75%, at most.
For those expecting such a small rate change (a 13% decrease by the end of the year) to have a significant impact, they might be in for a rude awakening.
Alts Relative to BTC:
If CRYPTOCAP:BTC dropped by 1.92%, CRYPTOCAP:ETH declined by 3.34%. No significant divergence, except for NYSE:AR , which posted a thin green candle.
Bull Case:
All bears die.
Bear Case:
All bears don’t perish but remain very much alive.
Fear and Greed Index:
Lower, at 40.61%. Dangerously close to Fear territory.
W:
Forming another lone star/abandoned child-type candle. Where do you want to go next, Mr. Bear Market?
D:
August 15th ended in red, closing below the daily level of $58.2k. Bearish. On the 14th, we touched the BB MA and are now heading toward $52.2k.
4h:
No new divergences—just the old ones still playing out. On both August 14th at 8 a.m. and the 15th at noon, U.S. bears woke up and decided, “Nah, crypto ain’t sh*t.” Red candles followed. The last four green candles showed diminishing volume, not reaching the BB MA. Leave a comment if you know what that means—unless you’re a whale, in which case, just do your thing.
1h:
No divergences. The sell-off ended at 4:00 p.m. U.S. time, almost touching the freshly established weekly level of $55.9k set at the beginning of July.
Prediction:
In the next two weeks, the bottom falls out. When September arrives, big whales will return from vacation and send the market crashing down, with rate cuts providing little relief.
Opportunities:
CRYPTOCAP:SOL : Still at weekly resistance level. But keep in mind, it approached this level from the top, not the bottom. Although it has garnered a lot of attention this bull market, it doesn’t follow normal technical analysis rules.
AMEX:APT : As noted yesterday, starting at midnight, it began its descent, printing a nice -6.24%. Did you catch that?
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Natural Gas...bullish turnaround!Nat gas has carved out a nice potential base to move higher.
We have seen a failed breakdown whcih usualkly indicates a bullish reversal.
They say the biggest moves come from failed patterns an it certainly looks like a failed bearish trendline break.
If this is the case, Nat gas has a nice 15-20% upside before things get really interesting.
We may be witnessing a weekly inverse head & shouldrs pattern developing.
Time will tell but we are long.
ARUSDT Strong Support!ARUSDT technical analysis update
AR's price has dropped 67% from its peak and is now trading at its major support zone, where we can expect a bounce.
Before the drop, AR's price had increased by 300% after a broadening wedge pattern breakout. The current price is trading at the broadening wedge's previous peak resistance level, which is now acting as strong support for AR.
target: 200%-300%
Regards
Hexa
Trade Setup: AR Long PositionTrade Parameters:
Entry: Buy in the range of $20.00 to $20.50.
Take Profit:
First target: $25.50 - $29.00
Second target: $32.50 - $36.00
Stop Loss: Set just below $19.00.
Additional Notes:
Monitor the price action closely to ensure it stays within the entry range.
Adjust your strategy if significant news or market changes occur.
Manage risk effectively, especially given the specified stop loss.
#AR #TradingStrategy #CryptoTrading 🎯
AR (Arweave): Falling WedgeTrade setup : Price broke below its 200-day moving average, which signaled onset of downtrend. However, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $17.00. Nearest Resistance Zone is $30.00, then $37.00.
AR: Support Level Reached, Potential for Bounce Back#AR/USDT #Analysis
Description
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+ The price has hit the support line for the third time, underscoring the significance of this level. Each previous test has resulted in a reversal, suggesting that this support remains robust.
+ The current price action is showing signs of a reversal from this support zone, which could signal the beginning of an upward move.
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VectorAlgo Trade Details
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Entry Price: 20.82
Stop Loss: 15.78
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Target 1: 24.38
Target 2: 28.28
Target 3: 31.39
Target 4: 41.01
Target 5: 48.50
------------------------------
Timeframe:
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Natural Gas...New All time lows? Natural gas has seen a failed breakout on the daily chart. After this failed breakout occured its been weeks of relentless sell side pressure.
We have lost key weekly and daily supports, which doesn't help the bullish case.
There is 1 small positive on the daily chart: a positive RSI bullish divergence.
Understanding how this commodity works, one should be prepared for a downside case of $1.60. Its not a guarantee but a possibility.
The Nat gas resource stocks are mixed and showing sings of volume accumulation.
I'm watching the $1.95 Gap fill on Nat Gas very closely. If the bulls defend that area we could rally quickly.
Keep your eye om the "Death Cross" signal, usually a buy signal for a short term bounce.
Trade Setup: AR Long PositionMarket Context:
AR has shown strong performance in the initial upward movement and is now taking support at the double bottom's neckline. This creates an opportunity to enter a long position with a tight stop loss.
Trade Parameters:
Entry: Enter a long trade around $28.
Take Profit:
First target: $35
Second target: $47
Stop Loss: Set at $24
📊 Monitor the price action to ensure the support at the double bottom's neckline holds. Be ready to adjust the setup based on market conditions and price behavior. #AR #CryptoTrading #TradeSetup 🎯
AR Long PositionMarket Context:
AR is a high-conviction bet, currently consolidating within a massive range for nearly 140 days and sitting at a crucial support level.
Trade Setup:
Entry: Enter a trade around $22.
Take Profit:
First target: $25.8
Second target: $30
Third target: $36.5
Stop Loss: Set the stop loss just below $19.
📊 Monitor the market closely and adjust your strategy as needed! #AR #CryptoTrading #SupportZone 🎯
Natural gas...time to buy? Natural gas just keeps bleeding lower.
Despite the oversold intra day condition this commodity is finding no support.
Natural gas equities are mixed right now, but are definitely showing some signs of accumulation.
We think the next 2 support zones on Nat gas if we lose this critical area are $2.21 & $2.00
Beware Nat gas tends to overshoot.
This trendline we are holding right now connects through major lows going back to 2020.
AR: Resistance BreakoutTrade setup : Price remains in a long-term Uptrend. Price got oversold (RSI < 30) and bounced off of $23 support and 200-day moving average. It's now broken above $28 resistance and could swing up to $37 next. Momentum is inflecting bullish again (MACD Histogram rising).
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $23.00, then $17.00. Nearest Resistance Zone is $28.00, then $37.00.
AR buy setupThe internal structure of the AR is a bear. AR has a good support range ahead of it.
A trigger line has also been broken
On this range, we will look for buy/long positions in the form of scalpy
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
AR: Resistance BreakoutTrade setup : Price remains in a long-term Uptrend. Price got oversold (RSI < 30) and bounced off of $23 support and 200-day moving average. It's now broken above $28 resistance and could swing up to $37 next. Momentum is inflecting bullish again (MACD Histogram rising).
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $23.00, then $17.00. Nearest Resistance Zone is $28.00, then $37.00.
#ARBTC #1W (Binance) Huge descending channel breakout and retestArweave seems about to print a dragonfly doji above 100EMA weekly support, looks like a great swing opportunity in sats.
⚡️⚡️ #AR/BTC ⚡️⚡️
Exchanges: Binance
Signal Type: Regular (Long)
Amount: 3.1%
Current Price:
0.0004235
Entry Targets:
1) 0.0004080
Take-Profit Targets:
1) 0.0010729
Stop Targets:
1) 0.0002749
Published By: @Zblaba
CRYPTOCAP:AR BINANCE:ARBTC #Arweave #Web3 #Storage arweave.org
Risk/Reward= 1:5.0
Expected Profit= +163.0%
Possible Loss= -32.6%
Estimated Gaintime= 6-10 months
AR: Oversold at SupportTrade setup : Price remains in a long-term Uptrend. Price got oversold (RSI < 30) and bounced off of $23 support and 200-day moving average. If it breaks above $28 resistance, it could swing up to $37 next. Momentum is inflecting bullish again (MACD Histogram rising).
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $23.00, then $17.00. Nearest Resistance Zone is $28.00, then $37.00.
AR: Oversold at SupportTrade setup : Price remains in a long-term Uptrend, trading above 200-day moving average. Following a bearish breakout from Channel Up pattern, price has pulled back to $28 support and appears oversold (RSI ~ 30), which could be a swing trade entry opportunity with +30% upside potential to $37. Stop Loss (SL) at $25.75.
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $28.00, then $23.00. Nearest Resistance Zone is $37.00, then $47.00.
Arweave (AR) Price AnalysisThe AR is currently at $35.097 and testing a support level at $35.414 and EMA100(RED) at $34.75. If the breaks down this level could lead to a more decline towards the next major support zone between $26.567 and $24.381. For a bullish scenario, If the price recovers and sustains above the EMA 55(BLUE) at $38.73, signaling a potential reversal and a path towards retesting the key resistance level at $48.116.
Traders should focus on price action and volume, as these will provide significant information about the market's next move, set clear stop-loss orders, and be prepared for higher volatility.
Natural Gas: A Mega Move is BrewingNatural Gas has been a very volatile asset in recent sessions.
The price action in the 4 hour chart has triggered a bullish breakout.
The next bullish inverse head and shoulders pattern on the daily chart is starting to take shape. This pattern has not yet triggered.
If we see a breakout of this pattern there is about $1.50 of upside from the neckline.
Resource stocks are still holding up very well, granted so is the market.
A very similar structure is playing out on the weekly chart, regarding the 50 Weekly MA
If we see price trade in congruency we should see more upside this week and then potentially we may see some sellers the folling week