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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APT
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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APT/USDT It shows price bounce on the demand and reversal sign!💎 Paradisers, #APT is certainly a coin worth keeping a close watch on.
💎 After bouncing from the demand area following a rejection at the resistance, APT appears poised to attempt another breakout.
💎 Success in breaking above the resistance at $11.15 could signal a continuation of the upward movement, with the next target being the Bearish OB (OB-). If this level is breached as well, APT may advance towards our target strong resistance area.
💎 However, should APT fail to break above the $11.15 resistance and face rejection once more, it could retreat to the demand area or even drop to the support around $6.3 if the demand fails to hold. If APT does reach the support area, there's a possibility of it merely triggering liquidations before reclaiming a position above the demand at $8.2.
💎 However, a failure to reclaim the demand level could indicate a bearish turn, potentially leading to further downward movement. Keep a close eye on APT, as a break below the support area, confirmed by a daily candle close, could signal a bearish trend continuation.
MyCryptoParadise
iFeel the success🌴
APT Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
APT is in a downtrend with strong support at the $4.4 trendline. The price is currently facing resistance at the 21 EMA, and if it closes above this level, we can expect a bullish rally toward $15-$18.
If APT faces rejection, the $4.4 support level should still hold the price.
The RSI has formed a bullish divergence and is acting accordingly.
Key levels:
- Primary Resistance: $6.8
- Support: $4.4
- Target: $15-$18
DYOR, NFA.
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#Aptos #APT price will repeat the #SUI maneuver?Today, we are talking about #Aptos, which is the counterpart to #Sui which we analyzed yesterday
Both projects are followers of the #Diem project from #META, which regulators did not allow making a breakthrough in the crypto world a few years ago.
While OKX:SUIUSDT price has already reached a powerful mirror zone yesterday, OKX:APTUSDT seems to have everything ahead of it.
When #APT price will be $7.50-8, you may wonder whether it is worth keeping the coin in your crypto portfolio.
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This Aptos Setup Could Trigger a Massive Move – Are You Ready?Yello! Is #Aptos ( AMEX:APT ) gearing up for a breakout, or are we staring at a looming drop? Let's look at the latest analysis of APTUSDT:
💎The current setup has APT compressed within a classic falling wedge pattern—a well-known bullish reversal signal. But why do we believe a breakout might be imminent? The signs are clear: increasing trading volume and a favorable shift in macro market sentiment.
💎Yet, trading isn't just about expectations—it's about preparation. So, what's our Plan B? If Aptos faces rejection at the upper trend line of the wedge, we could see a retest of the critical support zone around $4.87-$5.31. This level has consistently acted as a safety net, rich in liquidity and offering solid support.
💎But what if APT fails to bounce back from this zone? The next level we’re watching is $4.31. Historically, this has been a stronghold for Aptos, with a high probability of a rebound.
💎However, the stakes are high. If Aptos breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation.
Stay focused, patient, disciplined, and always keep your eyes on the prize
MyCryptoParadise
iFeel the success🌴
APTUSDT: Bullish Move on the HorizonAPTUSDT Technical analysis update
APT price is trading within a descending channel and is now moving toward a potential breakout. Before the breakout, we can expect a small pullback. Once the breakout occurs, a strong bullish move is anticipated.
Buy level: after the breakout confirmation.
Regards
Hexa
#APT/USDT#APT
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 6.40
We have a trend to stabilize above the moving average 100
Entry price 6.31
First target 6.65
Second target 6.97
Third target 7.34
#APT/USDT#APT
The price is moving within a 1-hour bearish channel pattern, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 6.32
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price 6.32
The first target is 6.70
The second goal is 7.00
Third goal 7.30
APT - Third bounce from the support, another opportunity ?BINANCE:APTUSDT (1W CHART) Technical Analysis Update
ATP is currently trading at $7.00 and price has hit the support for the third time, in the past two times whenever price hit the support line it bounced back immediately while giving a decent return on the long trades. I'm expecting similar behaviour this time.
Currently price is around the support zone which is giving us a good opportunity to enter the trade early, if the price drop again, we can do DCA.
Entry level: $ 6.0-7.0
Stop Loss Level: $ 4.29
TakeProfit 1: $ 8.06
TakeProfit 2: $ 10.05
TakeProfit 3: $ 12.18
TakeProfit 4: $ 15.21
TakeProfit 5: $ 19.40
Target for Spot Entry: 30
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
APT looks bearishAPT seems to have completed a large degree triangle.
By maintaining the specified supply, it can drop down.
Short-term targets are green boxes.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#APT/USDT#APT
The price is moving in a bearish channel on a 1-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 7.40
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price 7.67
First goal 8.14
Second goal 8.61
Third goal 9.11
Aptos (APT) Coiling Up for Potential Breakout! ($APT)Aptos (APT) is consolidating in a key zone! A break below could signal a return to bearish territory, but bulls are likely to defend this level.
Price is currently bullish on the 4-hour chart with higher highs and a reclaim of support. The last support reclaim with the 50-day MA led to a 110% rally!
Daily & Weekly RSI resets suggest a potential price bottom.
Wait for a confirmed trend break with a higher low on support before entering.
Consider entry: $9-$9.60
Take Profit: $12, $16, $24 (progressively)
Stop Loss: $8
#Aptos #Crypto #TechnicalAnalysis #BreakoutZone #Support
APTOS 60-80$ on bullmarket Just see on that big accumulation phase or just that pattern , price dumped from 10$ to 3$ , made ATH 20$ next dumped again to support level 5$, next pumped againg to 20$ and dumped to s2b level to 8$. I see equal highs and higher lows , big consolidation. My targets 50$+ and under 100$, or just maybe 120$+- , situationable
Aptos APT price is close to start powerful growthThere is only one thing worth noting on the #APTUSDT chart:
the APT price is consolidating above the strong mirror level of $8
🔼If everything continues in the same vein, #Aptos holders can expect an upward trend to emerge soon, with the first target at $13.6
🔽But do not get euphoric, you need to keep your mind cool, because if sellers manage to fix the #APT price below $8, then hello $5.50
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#APT/USDT#APT
The price is moving in a bearish channel on the 4-hour frame and adheres to it well, and the price rebounded from the green zone at the price of 8.50.
The channel has been broken upwards and is being retested
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 9.00
First goal 9.38
Second goal 9.81
Third goal 10.31