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Potential Correction Ahead?GM crypto bro's, this morning the Fear and Greed Index is at 32 in the fear zone, and the Stochastic RSI is in the overbought area. A slight correction may be coming soon, and BTC might not reach 61K, likely staying within the 59K - 60K range as we head into the weekend. However, there's still a chance for BTC to break 62K. The market is dynamic; don't be FOMO, stay safe, keep calm. Anything can happen! Always manage your risk. That's all for today’s crypto update, this is Akki signing off with one chart. Have a nice day!
INDEX:BTCUSD
by x_Akki
Correction Met, What’s Next?GM crypto bro's, the correction I mentioned yesterday has been hit. This morning, the Fear and Greed Index remains in the fear zone at 31, while the Stochastic RSI is now in the overbought area. Today’s market outlook is similar to yesterday: potential pump to 59K - 61K. A drop is still possible. Remember, the market is dynamic; don't be FOMO, stay safe, keep calm. Anything can happen! Always manage your risk. That's all for today’s crypto update, this is Akki signing off with one chart. Have a nice day!
INDEX:BTCUSD
by x_Akki
Potential Correction or Further Pump?GM crypto bro's, this morning the Fear and Greed Index remains in the fear zone at 37, and the Stochastic RSI is moving into the overbought area. Today's BTC outlook is quite similar to yesterday's update, with a potential correction around the 55K area or possibly a continuation of the pump to the 60K - 61K range. But remember, this is just my personal analysis — only probabilities. 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!
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
2
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!
INDEX:BTCUSD
by x_Akki
S&P recovers; bulls maintain long-term controlThe last week of August was sluggish, despite several exciting events. First, NVDA’s earnings, although very strong, failed to boost the market beyond its daily trading range. The GDP and inflation data (positive) released later also didn’t provide sufficient momentum, and the market continued to bracket. The week closed at the high, but buyers didn’t manage to break out of the trading range and confirm control of the daily timeframe. We can conclude that the market has reached a temporary balance—both bulls and bears seem content with the current price and lack the conviction to initiate strong moves. Zooming out to the monthly view, August closed green, near the historical high. The long lower wick signifies a bullish rally that brought the price up from the low, indicating the strength and conviction of the bulls. Although the bulls didn’t manage to achieve a new high, they still maintain long-term control. Overall, the market is still in a monthly and weekly uptrend. Even if sellers manage to set a weekly lower high in September, it is unlikely to mark the start of a trend reversal. Buyers have created enough space for potential weekly consolidation that will not threaten their long-term control. Important levels: Last major weekly trend high (565). If buyers manage to move above and hold they will confirm continuation of monthly uptrend. Last major weekly trend low (510). Buyers must protect this level if they want to keep long term control Short Term Trading range (555-564). Breaking out from the range in either direction will mark gaining of a short-term control.
AMEX:SPYLong
by hermes_trisme
Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24Nifty Short, Medium & Long Term : 02-Sep-24 to 06-Sep-24 Nifty closed at 25235 ( Last week 24823 ) and touched low & high of 24899-25263 ( all time high) As suggested for past two weeks, market bounced back and moved up and achieved the first Medium term target 25224. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. This is the best period to start SIP MF when the valuation is high. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. RSI and stochastics levels moved up last week (69% and 97% respectively). MACD level crossed cross the signal two weeks before and sustaining. Expecting market to move up further in short term. Nifty 25235 Short term (Short term up) Nifty short term resistance 25540 as shown in chart. Support around 25000(last month high) & 24676 ( trend line support and recent low). Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Nifty bank 51368 (Last week 50933 ) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are PI Ind, PNC Infra and Ashoka Buildcon. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42760 (Last week 41089 ) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTYLong
by karthikss
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!
INDEX:BTCUSD
by x_Akki
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! 😊
INDEX:BTCUSD
by x_Akki
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!
INDEX:BTCUSD
by x_Akki
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.
INDEX:BTCUSD
by x_Akki
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.
INDEX:BTCUSD
by x_Akki
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.
INDEX:BTCUSD
by x_Akki
S&P bulls are strong; new historical high?Last week was marked by an increase in selling pressure, which, despite all efforts, has not had a significant impact. As we can see on the daily chart, the stairstep pattern remained intact—even a powerful attack on Thursday was unable to break the previous day's low. The bulls maintained control, leading to a small rally the following day (I highlighted the importance of the stairstep pattern in my previous review). As we approach the end of the month, there are a few things to keep an eye on: 1. The price is in a weekly uptrend, which has not been seriously threatened so far. Buyers maintain long-term control over the price. 2. The daily timeframe is also under buyers' control. 3. All major S&P sectors are moving in the same direction. Price is approaching previous major high ( 565 ), which can act as a resistance but there is no guaranty that it will hold for long. The last consolidation, which began on July 17th, was triggered more by bullish exhaustion than by strong selling at this level. This suggests that there may be little to safeguard it. Given all the above, there is no reason to believe that market is currently under threat. For the trend to shift to the bearish side, three things must happen (from the TA perspective): 1. Daily Sellers must take down the previous day low, breaking stairstep pattern 2. Weekly Sellers must take down the previous week low ( 553.8 ), setting weekly lower high 3. Month should close red (below 552 ) Until then we’re in a bull market.
AMEX:SPYLong
by hermes_trisme
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.
INDEX:BTCUSD
by x_Akki
Nifty Short, Medium & Long Term view 26-Aug-24 to 30-Aug-24Nifty Short, Medium & Long Term view 26-Aug-24 to 30-Aug-24 Nifty closed at 24823 ( Last week 24413 ) and touched low & high of 24524-24866 As suggested last week, market bounced back and moved up and near to the initial line target of 24900 as shown in the chart. Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RSI and stochastics levels moved up last week (60% and 90% respectively). MACD level crossed cross the signal last week. Expecting market to move up in short term. Market have high potential to touch psychological 25000 Mark/ 25200 ( Fib Resistance) Nifty 24823 Short term (Short term up) Nifty short term resistance 25075 ( New Peak) and 25224. Support around 23850 ( trend line support and recent low). Medium Term 25224( Fib Resistance) as mentioned above, if it crosses then next target is 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line. Caution to be emphasized once market reached medium term target. Medium term Support - 22700 to 22800 Caution was emphasized on Nifty for the past 2 month as nifty PE is in record high level with high valuation and very less potential to grow further. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Long Term (1-3 years) Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 21750 ( Trend line support)/ 20800 ( Fib & Trend Line Support) 20225 / 20000 ( Fib Resistance),19500 Nifty bank 50933 (Last week 50494) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are PI Ind, PNC Infra and Ashoka Buildcon. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 41089 (40878) indices dipped 37848 in last month, bounced back and reached 41830 last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTYLong
by karthikss
1
BTC Hits 64K-65K Target: Next Stop 69K GM Crypto Bro's, happy weekend! This morning, the fear and greed index has finally exited the fear zone and is now at 56 (greed). The stoch RSI is still in the overbought area. BTC has reached our target range of 64K-65K. In terms of price action, it’s possible for BTC to continue its long-term uptrend, but we might see a slight correction in the near future, potentially around the 61K-62K area. If BTC continues to pump, the next target is 69K. Keep in mind the market is dynamic—don’t get caught up in 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.
INDEX:BTCUSD
by x_Akki
BTC on Track for 64K-65K: Low Volume Weekend Ahead?GM Crypto Bro's, happy Friday! This morning, the fear and greed index is at 34 (fear), and the stoch RSI remains in the overbought area, just like yesterday. Overall, BTC is still on track as per our market update yesterday, with the first target at 64K-65K. The potential for a drop to 57K is still low for now, but as we approach the weekend, which tends to have low volume and corrections, keep in mind the market is dynamic—don’t get caught up in 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.
INDEX:BTCUSD
by x_Akki
BTC Closes Above 60K: Next Stop 64K-65K?GM Crypto Bro's, this morning, the fear and greed index is at 39 (fear), and the stoch RSI is still in the overbought area. Finally, BTC managed to close a candle above 60K. The next big possibility is a move to the 64K-65K area. However, this doesn’t mean the possibility of a correction to 57K-56K is gone. The chance is still there, but since BTC has now closed above 60K, the potential for a correction has decreased. But keep in mind, the market is dynamic—don’t get caught up in 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.
INDEX:BTCUSD
by x_Akki