Technical Update and Market Analysis from Dr. Anna Becker - August 16, 2023

 

We want to keep you informed about the latest developments and insights in the market, as well as the state of the AI. Over the past couple of weeks, we've observed intriguing dynamics that warrant our attention.

 

Market Volatility and Strategy: The recent market landscape has been characterized by near 2% weekly volatility, a state accurately predicted and identified as a "low volatility sideways" market condition by our AI system. We recognize that many traders are familiar with such phases, and during these periods, our key approach remains: exercising caution when considering leverage and focusing on navigating these seemingly "boring times."

 

Market Searching for Catalysts: In recent weeks, the market has been on the hunt for its next significant price catalyst. Despite increased regulatory scrutiny, there remains a palpable optimism within the crypto space. Notably, a noteworthy development has emerged as the short-term correlation between the Nasdaq 100 Index of technology stocks and Bitcoin has turned positive. This implies that the movements of these two assets are becoming more synchronized. Consequently, fluctuations in equities may exert a greater influence on the token's trajectory compared to recent times, especially as concerns about elevated interest rates potentially impacting shares linger.

 

AI Fundamental System Insights: Our AI fundamental system has provided valuable insights during these uncertain times. The Fear&Greed sentiment is currently neutral, indicating a balanced sentiment in the market. Our system is adapting by relying on price action to drive trading decisions. In recent instances, ETH executed a small long position at 1846 and exited at 1837. On the other hand, BTC initiated a short position at 29336, realizing a modest profit at 29200, and continues to hold profitable remaining positions.

 

Development Milestones: On the development front, we're excited to share some significant achievements. Our Fully Automated 3-Level Risk Control platform and Money Management system for partial entries and exits have been successfully finalized. 

 

Improvements in AI Market Recognition: In our flagship AI-based market-recognition module, we've been hard at work refining accuracy rates in predicting market directions. Thanks to the contributions of three new AI experts integrated into our system, we've successfully pushed the accuracy rate beyond the 70% threshold, factoring in fees.

 

We are eagerly awaiting for the markets to break out of this sideways range, and the Ai is ready to enter when that happens. We expect our best performance ever in the weeks and months ahead.