BTC's Next Move After the 67K Test: Deeper Correction Incoming?GM crypto bro's, back to reality! Fear & greed index is at 70 (still greed), while stoch RSI hits oversold.
Our previous target of 67K was visited. So, where does BTC head next? On the H4 timeframe, no clear pump signals yet. On the D1 chart, we’re eyeing our familiar range of 64K - 63K, as greed persists and a deeper correction is possible.
Crypto is tough, as tough as life itself. Stay cautious, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
NEWS
GBP/USD: PAT + VPA 11/02/2024Good morning,
The GBP/USD currency pair continues to exhibit characteristics indicative of a sustained bearish trend, currently favoring the U.S. Dollar.
Several analytical indicators support this assessment:
1. The weekly chart for GBP/USD has been in a downward trajectory since September 30, 2024. Candlestick patterns suggest that "Market Makers" are gradually entering the market, purchasing at lower price levels. The weekly low is established at 1.26650, with a demand zone identified between 1.26650 and 1.2815.
2. On the daily chart, GBP/USD appears to be approaching a support level at 1.28168, coinciding with an untapped supply zone in that vicinity.
3. Since September 30, 2024, the market has experienced a decline of approximately 600 points, characterized by minimal daily pullbacks. This downward movement occurred following the formation of a new weekly high. I project that prices will descend to the 1.28168 level, where support may be found on the daily chart. This area could serve as a critical juncture for a potential pullback. Should the 1.28168 level hold, targets may extend to 1.132, representing the last significant low breached prior to the bearish trend that commenced on September 30, 2024, and continues to the present date of November 2, 2024.
Volume analysis indicates that market makers are incrementally entering long positions, although they are not yet prepared to fully influence the market direction. The overarching weekly outlook remains bearish, yet a corrective pullback appears necessary.
OANDA:GBPUSD
TVC:DXY
ThePipAssassin
EUR/GBP: PAT + VPA 11/2/2024Good morning,
I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks.
- 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax.
- 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks.
OANDA:EURGBP
XETR:DAX
TVC:BXY
ThePipAssassin
BTC's Tug-of-War: 67K Dip or 76K Breakthrough?GM crypto bro's, happy weekend! Fear & greed index is at 74 (greed), with the stoch RSI nearing oversold. BTC still hasn’t closed below 69K, hinting at a possible pump to 76K. However, in this greed-driven state, it might be hard for BTC to rally up.
Current price action suggests a potential drop to 67K is more likely. But probabilities are just that—possibilities. Stay safe, avoid FOMO, and always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
BTC at a Crossroads: Correction to 63K or Pump to 77K?GM crypto bro's, happy weekend! Today, the fear & greed index stands at 72 (greed), and the stoch RSI is nearing oversold territory.
Today's outlook remains similar to yesterday. If BTC's daily candle closes below 69K, a strong chance exists for a visit to the 64K-63K range. But if it holds, we might see another pump to 76K-77K.
Stay sharp and avoid FOMO. Always manage risk. I'm Akki, signing off with one chart. Have a great day & stay SAFU.
Monthly Octobull Closed, next Eyeing Corrections or insane pump?GM crypto bro's! New month, new profit. October closed with a strong octobull candle. Today, the fear and greed index is at 75 in the greed zone, while Stoch RSI shows rejection from the overbought area.
The correction range of 70K - 69K we mentioned yesterday has been hit. On a monthly view, deeper corrections to our old zone at 64K - 63K, or even 61K, could unfold if BTC drops below 69K. Immediate bullish targets are at 76K - 77K.
Seeing the greed out there—don’t FOMO! Akki signing off, stay alert and SAFU.
Extreme Greed Stays High; Correction Potential at 70K - 69K ?GM crypto bro’s! Fear and greed index remains in Extreme Greed at 77, and Stoch RSI has now entered overbought territory.
Today’s outlook is similar to yesterday: BTC may first correct to the 70K - 69K range before possibly pumping to 82K. Many people are feeling greedy—don’t fall into FOMO. Akki signing off—one chart, one love. Stay vigilant, stay SAFU.
Possible gold Out lookAs in my previous anylisis i have told that Gold can rally upwards and it has broken its 4H channel and made a rally above Gold has performed like an Ubriddeled horse yesterday but it seems like the buyers have got exhausted as price has began to drop after taking resistance over 2780 level of physiological resistance also the confluence for predicting a big drop is price has made a rising wedge pattern which can be a possibility to drop the price of Gold in todays trading session on the other hand if price goes More Upwards it can stall over 2800 price level which is also a physiological resistance level also we have a fair value Gap and an order block of 4H on 2740 price level so technically i am waiting to buy gold from above 2740 level of support
BTCUSD—Extreme Greed Hits; Potential Correction Before Next PumpGM crypto bro’s! This morning, the fear and greed index has surged to extreme greed at 77, while Stoch RSI edges back towards overbought levels.
BTC has seen a substantial pump over the past few days, reaching a peak of 73,613 yesterday. On the weekly timeframe, the next target may be around 82K. However, given the extreme greed conditions, a correction could likely come first, potentially down to the 69K area, before any further massive pump.
Don’t FOMO—keep risk management top of mind. Akki signing off—one chart, one love. Have a great day and stay SAFU.
BTCUSD—Achieves 70K; Short-Term Correction ProbableGM crypto bro’s, this morning’s fear and greed index holds steady at 72 in the greed zone, while Stoch RSI rebounds after touching oversold levels.
Last night, BTC hit our anticipated 70K target—a mark discussed in previous updates. While yesterday’s market update hinted at a correction, BTC surprised us with an impressive pump to reach 70K.
Next move for BTC? Given the elevated greed level and recent pump, we might expect a brief correction down to 68K in the near term. Remember, probability is just that—probability. Stay vigilant, avoid FOMO, and manage your risks. Akki signing off—one chart, one love. Have a great day and stay SAFU.
Ford (F): Eyeing Earnings for Potential Resistance FlipFord is set to release its earnings report in a few hours, and analysts generally anticipate that results will meet or slightly exceed consensus expectations. Currently, Ford is trading around a significant resistance level, and a breakout above this level could mark an important shift, opening the door for further gains. Our outlook remains bullish, with expectations that Ford will fill the large gap visible on the chart in the coming months.
Recent analyst targets align with our view, with ratings from Barclays, Goldman Sachs, and Morgan Stanley averaging around $13 for Ford stock. This target range corresponds well with our technical analysis, reinforcing our approach to Ford.
However, we’re holding off on any immediate action until after the earnings report to avoid an unpredictable reaction. We’ll be monitoring the market’s response closely, avoiding impulsive moves, as the true direction often becomes clearer after the initial post-earnings volatility.
Until then, patience remains crucial—trade the plan, stay disciplined, and seize the opportunity when it aligns with our setup.
BTCUSD—Testing Probable Pump, Double Top Formation PossibleGM crypto bro’s, today fear and greed index remains in the greed zone at 72, with Stoch RSI touching oversold territory.
On the D1 timeframe, BTC is likely to correct toward our previous range of 65K-64K. However, on the H4 timeframe, there’s an alternate scenario: a potential pump test toward 68K. Should a rejection occur here, we may see a double-top formation on H4.
Probability is just that—probability. Stay sharp, avoid FOMO, and manage your risks. Akki signing off—one chart, one love. Have a great day and stay SAFU.
BTCUSD—Oversold Zone Approaching, Correction LikelyGM crypto bro's, happy weekend! Fear and greed index remains in the greed zone at 74, while Stoch RSI continues to approach oversold territory.
Today’s price action outlook is similar to yesterday’s update, with a likely target correction around the 64K range. Current potential for a pump is low. Remember, markets are dynamic—stay cautious, don’t FOMO, and always manage risk. Akki signing off—one chart, one love. Have a great day and stay SAFU.
BTCUSD—Oversold Stoch RSI Signals Possible CorrectionGM crypto bro's, happy weekend! The fear and greed index is currently inaccessible—likely under maintenance. However, Stoch RSI is heading towards oversold territory, and the BTC candle close on the 25th broke through the previous day’s bullish engulfing.
So, where to next? Based on today’s price action, there's a strong probability that BTC will correct to the 65K - 64K range, possibly even lower. Stay safe, don’t FOMO, and as always, manage your risk. Akki signing off—one chart, one love. Have a great day and stay SAFU.
BTCUSD—Engulfing Candle Boosts 70K ProbabilityGM crypto bro's! The fear and greed index remains in the greed zone at 72, while the Stoch RSI is on its way towards oversold. The BTC candle on 24th October closed with a solid engulfing pattern, increasing the probability of further upward movement, possibly around 70K.
However, given the fear and greed index has stayed in the greed zone for several days, keep in mind that the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC Greed at 69: Key Price Action on Bullish Engulfing WatchGM crypto bro's! This morning, the fear and greed index is at 69 in the greed zone. The Stoch RSI has exited overbought territory. Yesterday, on 23/10/2024, BTC dropped significantly to the 65K range, but our 64K zone hasn’t been touched yet.
Price action this morning shows that if today’s candle closes as a bullish engulfing, the chance of visiting 64K decreases, with a higher probability of BTC heading towards 70K. Keep in mind, the market is dynamic—don’t FOMO, always manage your risk. Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC in Greed, Correction Continues ? Watch for Lower Levels ?GM crypto bro's! This morning, the fear and greed index is back in the greed zone at 71, with Stoch RSI starting to exit the overbought area. Today’s market outlook is similar to yesterday—BTC is likely to continue its downward movement.
Keep in mind, the market is dynamic—don’t FOMO, always manage your risk. This is Akki, signing off—one chart, one love. Have a nice day and stay SAFU.
BTC Greed Index Drops to 70: Correction Begins, Eyeing 64K ?GM crypto bro's! This morning, the fear and greed index slightly dropped to 70, down from 73, and Stoch RSI is signaling a potential decline, exiting the overbought area.
Finally, BTC is experiencing a significant correction, dropping from 69K to 67K. The next potential correction target is in the 66K range, with a possibility of visiting our 64K range. Get your bullets ready to buy the dip, and as always, keep in mind that the market is dynamic—don’t FOMO, manage your risk.
This is Akki, signing off—one chart, one love. Have a nice day and stay SAFU.
BTCUSD—Greed Zone 73: Correction More Likely Than Pump to 70K?GM crypto bro's, happy weekend! This morning, the fear and greed index stays in the greed zone at 73, while the Stoch RSI is still comfortably in the overbought area like yesterday.
Looking at today's price action, it seems quite challenging for BTC to pump to 70K. The probability of a correction is higher than the potential for another pump, but in the crypto market, nothing is impossible. Keep in mind that the market is dynamic—don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC Stay In Greed Zone Dump Imminent or Pump to 70K?GM crypto bro's, this morning the fear and greed index is at 72 in the greed zone, while the Stoch RSI remains comfortably in the overbought area.
BTC has pumped quite high to around 68,953, and on some exchanges, it may have even hit 69K. However, the correction to our 64K range has yet to happen. The price action is quite overbought, which makes a dump more likely.
Still, always be cautious—keep in mind that the market is dynamic. Don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTC in Greed Zone, Overbought RSI: Correction or Instant Pump?GM crypto bro's, this morning the fear and greed index remains in the greed zone at 73, while the Stoch RSI is in the overbought area.
BTC has made a slight correction this morning, and with the weekend approaching, which usually sees low volume and normal corrections, BTC may revisit the 64K - 63K range, or perhaps dip further into the 62K - 61K range.
However, an instant pump back to 69K is still a possibility. Keep in mind, the market is dynamic. Don’t FOMO, always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BITCOIN in Greed Zone , Will BTC Peak at 69K Before Correction?GM crypto bro's, we are still in the greed zone at 71 this morning, and Stoch RSI is at the peak of overbought. BTC reached a top around 68K.
Looking at the price action, there's a strong possibility BTC will visit 69K first before a correction towards 64K. But keep in mind, with the market in this greedy state, don't get FOMO. Always maintain your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
BTCUSD—Greed Zone 73, Will BTC Hit 69K or Retrace First?GM crypto bro's, this morning the fear and greed index is still in the greed zone at 73, and the Stoch RSI is already in the overbought area. Last night, BTC pumped significantly to around 67,800.
Will the correction to the 64K - 63K range not happen? The market is dynamic, so it’s hard to predict with certainty whether a correction will occur. However, personally, I see a big probability for a correction before BTC hits 69K.
But keep in mind, with the market in this greedy state, don't get FOMO. Always maintain your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.