BTC Breaks 55K, What's Next?GM crypto bro's, BTC finally pumps and breaks above 55K! This morning, the Fear and Greed Index is at 33 (Fear), and the Stochastic RSI has managed to exit the oversold area.
Where will BTC go next? Based on today's price action, after this pump, a slight correction might occur around the 55K area. If the pump continues, the next target could be in the 60K - 61K range, or it might just reach 59K.
Stay alert, as sudden dumps can still happen in the crypto market. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
Finance
Agape ATP Corporation (NASDAQ:ATPC) Testing Key Support
After a strong rally in the past week, ATPC is now testing its key support level around $1.601 level amidst overall market weakness. However, we are still seeing an accumulation pattern around the current level due to the attractiveness of the valuation of ATPC currently, supported by their high growth renewable energy story.
We kept a HOLD recommendation on ATPC.
BTC's Next Move: Pump or Dump?GM crypto bro's, happy working day 🗿! This morning, the Fear and Greed Index remains in the Fear zone at 26. Stochastic RSI is still in the oversold area but shows signs of forming a double bottom.
With today's weekly closing candle, the likelihood of another BTC dump seems smaller compared to a potential pump. The 55K area has been visited; now we wait for the next move from the market makers.
Next pump possibility is around 60K - 61K, with a potential peak near 62K. However, if BTC drops below 52K, the chances for a pump diminish. As always, maintain your risk! That's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Drops to 52K - What's Next? GM crypto bro's, happy weekend? 🗿 This morning, BTC has dropped to the 52K area 💀 — a reminder to always stay safe in the crypto market. Here's the update: the Fear and Greed Index is at 23 (Extreme Fear), and the Stochastic RSI has dived back into the oversold zone 🗿.
So, where is BTC headed? The potential pump still remains at the 60K - 61K range. However, given today's deep drop, there’s a probability BTC could break below 50K and, in the worst case, visit the 44K area.
Always hope for the best and prepare for the worst — let's hope BTC doesn’t dump to 44K 🗿. As always, maintain your risk, and that’s it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Holding Steady in Fear ZoneGM crypto bro's! This morning, the Fear and Greed Index is at 29, still in the fear zone. The Stochastic RSI remains in the oversold area, same as yesterday.
In terms of price action, BTC's outlook today is similar to yesterday's market update. The closest potential pump target is between 60K - 61K, but be cautious—this doesn’t mean the dump is over.
So always keep in mind the market is dynamic—don’t get FOMO, stay safe, stay calm. Remember, anything can happen in the crypto market. Manage your risks, and that's all for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Hits 55K: What's Next?GM crypto bro's! This morning, the Fear and Greed Index remains in the fear zone at 27, while the Stochastic RSI is showing signs of exiting the oversold area.
BTC has dropped to the 55K area, as I mentioned a few days ago. Where is it headed next? The current price action suggests a probability of reclaiming the 60K - 61K range as the nearest target.
Like always, keep in mind that the market is dynamic—don’t get FOMO, stay safe, stay calm. Remember, anything can happen in the crypto market. Manage your risks, and that's all for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
Are financials topping here? Financials have been one of the leading and strongest sectors on the back of rate cut narratives.
The resilience and strength can easily be observed...
XLF has been making new highs despite the QQQ & SPY not.
Now it begs the question; is all the rate cut priced in?
We think financials are set for some downward rotation.
If this rotation occurs it opens up many other opportunities as financials do carry some decent weight in the indices.
Today names like JPM & XLF gave us a potential daily topping tail.
BTC Shows Signs of Recovery!GM crypto bro's! This morning, BTC finally turned green and is back in the 59K area. Fear and Greed Index is at 26 (fear), and the Stochastic RSI is starting to show signs of a potential upward move.
Does this mean the 55K drop is off the table? Unfortunately, no—just that the probability has decreased. For now, the closest potential area for BTC to visit is the 60K - 61K range.
Remember, the market is dynamic; don't get FOMO, stay safe, stay calm—anything can happen in the crypto market. Manage your risks, and that's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
BTC Heading Towards 55K?GM crypto bro's! Back to the grind of corporate life, and BTC isn’t making it any easier this morning, dropping to the 57K range. Fear and Greed Index is at 26 (fear), while Stochastic RSI remains in the oversold area, but no signs of a bounce yet.
Given this morning's drop to 57K, it's just a matter of time before BTC revisits the 55K area, as mentioned in my updates a few days ago. We might even see a wick down to 54K.
Remember, the market is dynamic; don’t get FOMO, stay safe, stay calm. Anything can happen in the crypto market. Manage your risks, and that's it for today's crypto update. This is Akki, signing off with one chart. Have a nice day!
Bearish Start to the Month, 55K in Sight?GM crypto bro's! Happy Sunday! We’ve finally made it to a new month. 😊 This morning, the Fear and Greed Index is at 26 (fear), and the Stochastic RSI is still hovering in the oversold area, similar to yesterday.
Today's monthly candle closed bearish with a long wick down to 48K. As for BTC price action this morning, it still leans bearish, with a 60% probability of visiting the 55K area. However, an instant pump could still surprise us!
Always remember, the market is dynamic; don’t get FOMO, stay safe, stay calm. Remember, anything is possible in the crypto market right now. Anything can happen. Manage your risks, and that’s it for today's crypto update. This is Akki, signing off with one chart. Have a great day!
Bearish Start to the Month, 55K in Sight?GM crypto bro's! Happy Sunday! We’ve finally made it to a new month. 😊 This morning, the Fear and Greed Index is at 26 (fear), and the Stochastic RSI is still hovering in the oversold area, similar to yesterday.
Today's monthly candle closed bearish with a long wick down to 48K. As for BTC price action this morning, it still leans bearish, with a 60% probability of visiting the 55K area. However, an instant pump could still surprise us!
Always remember, the market is dynamic; don’t get FOMO, stay safe, stay calm. Remember, anything is possible in the crypto market right now. Anything can happen. Manage your risks, and that’s it for today's crypto update. This is Akki, signing off with one chart. Have a great day!
BTCUSD Market Update: Possible Continuation to 55K?Good morning Crypto Bro's! Happy weekend and payday! 🌞 This morning, the fear and greed index is at 29 (fear), and the stochastic RSI is starting to enter the oversold area.
Yesterday’s candle dropped as I mentioned, hitting the 58K level, but it even went further down to 57K. Today’s market outlook remains similar to yesterday’s update. There is still a possibility for another drop to 55K with a 60% probability, while there is a 40% chance for BTC to go sideways between the 57K - 61K range.
Always keep in mind that the market is dynamic—don't FOMO, stay safe, keep calm, and remember, in the crypto market, anything can happen. Always maintain your risk, and as always, that's all for today's crypto update. This is Akki, one chart, and have a nice day! 😊
NASDAQ: ATPC Spiked 65% Pre-Market Upon Successful Reverse Stock
Agape ATP Corporation (ATPC) saw an impressive 65% spike in pre-market trading today, a clear indication of investor confidence following the company’s recent 20:1 reverse stock split. This strategic move appears to have paid off, significantly boosting the stock price and attracting renewed interest from both institutional and retail investors.
The reverse stock split, which consolidated shares to enhance market stability and meet Nasdaq listing requirements, has evidently strengthened ATPC’s market position, setting the stage for further growth in the renewable energy sector.
Investors are now eyeing ATPC as a promising player in the green energy landscape, with the recent price surge reflecting growing optimism about the company's future prospects. As the renewable energy sector continues to gain momentum, ATPC's strategic decisions, including this reverse split, are likely to play a crucial role in its long-term success.
Visa (V): Chart Analysis Update We hope you remember our previous analysis on Visa. The price reacted to our target area and has since increased following the latest drop. We now believe that Wave ((iv)) is complete and that we are currently in Wave ((v)). A level around $305 or even slightly higher should be possible for Visa before breaking the current local low at $253.
Once this Wave ((v)) is complete, concluding the overarching Wave 3, we plan to send out a limit for new entries.
BTC at Crossroads: Price Action Hints at Further Downside?Good morning Crypto Bro's! This morning, the fear and greed index is at 34 (fear), and the stochastic RSI is starting to enter the oversold area. Yesterday's candle briefly pumped to around 61K before dumping back down to the current range at 59K.
In terms of price action, BTC has two possibilities for further dumping: first, to the 58K range, and second, to 55K. Hopefully, the second scenario won't happen, but if it does, make sure to secure your portfolio positions and have enough ammunition to accumulate more Bitcoin at better prices.
Keep in mind, the market is dynamic—don't FOMO, stay calm, and always be prepared for uncertainty in the crypto market. Anything can happen. Always maintain your risk, and that's all for today's update. This is Akki, one chart, and have a nice day!
BTC’s Downtrend Nears End? Stoch RSI Signals Possible ReboundGM Crypto Bro's, this morning the fear and greed index is at 29 (fear), and the stoch RSI is starting to enter the oversold area, which could indicate that the significant downturn might be coming to an end.
Overall market outlook today remains similar to yesterday’s update, with a personal outlook suggesting that we might see the month closing around the 60K-62K range.
But as always, keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and remember that anything can happen in the crypto market. Always manage your risks, and that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC Faces Deep Drop: Sideways Action Ahead GM Crypto Bro's, the market is heating up again this morning! The fear and greed index is at 30 (fear), while the stoch RSI has dropped significantly from its overbought area.
BTC’s correction followed exactly as predicted in my market update from two days ago, but the drop was deeper than expected, even touching the 58K-57K range. So, what’s next?
In terms of price action, BTC may now move sideways with some pump and dump within the 60K-62K range. However, based on current data, there’s a significant potential for a strong rise next month.
But as always, keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and remember that anything can happen in the crypto market. Always manage your risks, and that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
PDD Holdings: A Strategic Pivot or a Tempestuous Trial?As PDD Holdings, the e-commerce titan behind Pinduoduo and Temu, confronts a landscape fraught with intensifying competition, economic challenges, and evolving consumer preferences, the question of its future trajectory becomes increasingly pressing. Can the company successfully navigate these turbulent waters, or will it succumb to the tempestuous forces at play?
PDD Holdings, once a beacon of e-commerce growth in China, finds itself at a critical juncture. The company's recent second-quarter earnings report, marked by a revenue shortfall and cautious outlook, has sent shockwaves through the market. PDD's strategic pivot, prioritizing long-term value over short-term profitability, while commendable, may face significant challenges in the near term.
As PDD grapples with domestic pressures, the company's international expansion strategy, spearheaded by Temu, presents both opportunities and risks. The potential for global growth is undeniable, but the competitive landscape is fiercely contested, with established players like Amazon and Shein vying for market share.
The question of whether PDD can successfully navigate these challenges is a complex one. On the one hand, the company possesses a strong financial foundation, with a robust cash position that can provide a buffer during difficult times. Additionally, PDD's commitment to user acquisition beyond China could be a critical driver of future growth.
On the other hand, the intensifying competition within the e-commerce sector, coupled with the economic uncertainties in China, pose significant headwinds. PDD's ability to adapt and innovate in such a rapidly evolving environment will be crucial to its long-term success.
Investors are closely watching PDD's every move, with opinions on the company's future sharply divided. Some view the current low valuation as an attractive entry point, particularly considering Temu's potential for international expansion. Others, however, remain cautious, citing the ongoing challenges in China, management's tempered outlook, and the possibility of declining profitability.
Ultimately, the fate of PDD Holdings hinges on its ability to successfully execute its strategic vision, adapt to changing market conditions, and deliver sustainable value to its investors. The road ahead is likely to be fraught with challenges, but with careful navigation and strategic decision-making, PDD may emerge as a resilient and thriving e-commerce powerhouse.
BTC Correction Watch: Red Zone in Sight Around 61938-61268GM Crypto Bro's, this morning, the fear and greed index stands at 48 (neutral), while the stoch RSI remains in the overbought area, now signaling a potential downturn.
BTC has started to decline, reaching the 62K-61K area I mentioned yesterday. If it drops further, the big possibility is that it will hit our red zone in the range of 61938-61268.
Keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC Outlook: Watching for Potential Correction to 62K-61KGM Crypto Bro's, back to reality—happy working day! 😂 This morning, the fear and greed index is at 55 (greed), and the stoch RSI is still comfortably in the overbought area. The red zone around 62K-61K is a potential area for BTC to visit if a correction occurs.
Overall, the BTC market outlook for today remains similar to the update from two days ago. Keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
BTC Outlook: Eyeing 69K with Potential Correction to 62K-61KGM Crypto Bro's, happy weekend! This morning, the fear and greed index is at 54 (neutral), and the stoch RSI remains in the overbought area. Overall, the outlook remains the same as yesterday’s market update. The next potential pump could take BTC to around 69K, but stay cautious of a possible correction, which might drop BTC to the 62K-61K area.
Keep in mind that the market is dynamic—don’t fall into FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market.
Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.