BTC's Weekend Woes: Pump or Dump Ahead?GM crypto bro's, sorry for no BTC update on the 14th due to busy real-life work.
Alright, continuing with BTC, this morning it's still quite bearish. Yesterday's candle on the 14th was strongly bearish and almost entered the orange zone area at 64865 - 63261. However, the fear and greed index is at 74 (greed), while the stoch RSI has entered the oversold area.
As usual, it's the weekend, which typically means low volume in the market. My personal opinion is there's a 60% chance for a pump without entering the orange zone area and a 40% chance for BTC to dump into that area.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
Personaloutlook
BTC's Next Move: Major Drop or Bullish Surge?GM crypto bro's, this morning's BTC close on the 12th was quite bullish but also faced significant rejection. From a technical analysis perspective, the stoch RSI has touched the oversold area, while the fear and greed index has decreased from 72 to 70.
However, the fear and greed index status is still in the greed zone, indicating a big possibility for BTC to be dropped again by market makers. The potential drop might be around the orange zone of 64865 - 63261, as I mentioned earlier.
But keep in mind, the market is dynamic, and even experienced people can fail in their predictions or technical analyses.
Again, don't be FOMO, stay safe, keep calm, always manage your risks and as always, that's it for today's crypto update.
I'm Akki, one chart, one vision.
BTC's Double Top Validated: Is Another Drop Coming?GM, BTC's price really dropped as I warned days ago. The stoch RSI is dropping deeper and entering the oversold area, but the fear and greed index is still at 72 (greed).
My personal outlook is that there might be one more drop for BTC because the double top is valid. The potential drop target is around 64865 - 63261. If the fear and greed index drops from greed to fear, that might be when the pump will happen again.
For the pump, as I mentioned before, the target is around 76K.
Again, don't be fomo, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC's Pattern Dilemma: Double Top or Cup and Handle?GM, BTC is still trending sideways today. The fear and greed index is currently at 74, up from yesterday's 72, while the stoch RSI has declined but hasn't yet entered the oversold area.
BTC's price appears to be forming a double top pattern as mentioned yesterday. However, from another perspective, BTC also shows signs of forming a cup and handle pattern, which is a bullish pattern. If this pattern is valid, it increases the chances for BTC to pump to the 76K area.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC's Battle Continues: Break 71800 or Risk Double Top Drop?GM crypto bro's, the weekend is over, it's time to battle in the market again. The candle close on the 9th was slightly bullish, but if the price still can't break through 71800++, the double top pattern continues to threaten BTC with a deeper drop.
The stoch RSI this morning is approaching the oversold area, and the fear and greed index has started to drop to 72 greed from yesterday's 75 greed. Let's see where the market makers will take the market.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Double Top Threat: Correction to 64K or Breakout Beyond 73K?GM, the weekend market today tends to be low volume. This morning, the stoch RSI is starting to head towards the oversold area, while the fear and greed index is at 75, indicating greed.
Looking at the daily timeframe, there is potential for BTC to form a double top pattern. If this pattern is valid, it could lead to a correction down to the orange zone at 64846 - 63261. If this happens, it might push the fear and greed index into the fear zone.
However, the possibility for a BTC pump is still there, as BTC has attempted to break through the 71K - 73K range more than three times and has failed so far. If it succeeds, price discovery will happen for BTC.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Faces Strong Bearish Close: Drop to 67K Before a Pump to 76KGM, the candle close on the 7th this morning was quite strong bearish, plus we've entered the weekend where the market tends to be low volume. The stoch RSI has started to drop from the overbought area on the daily timeframe, and the fear and greed index is currently at 72, indicating greed.
My personal outlook for BTC shows potential for another drop, maybe around the 67K - 66K area. However, there's still a possibility for a pump back up to the 76K area afterward.
Don't be FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Sideways Over the Weekend: Correction to 69600 or Push to 76GM, crypto bros. As mentioned yesterday, BTC will likely move sideways. Technical analysis is showing price rejection over the past two days, and it's common for market volume to be low during weekends, leading to sideways movement.
So, where is BTC heading?
Looking at the fear and greed index, we're still in the extreme greed zone, while the stoch RSI has entered the overbought area. This could indicate a potential correction for BTC, possibly around 69600.
However, my personal target remains 76K. Don't FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Faces Rejection at 71800: Correction Ahead or Another Pump?GM, crypto bros. Yesterday's candle close on the 5th was still quite bullish, but there is some price rejection around 71800. Maybe today we'll see a bit of a correction. The stoch RSI on the daily timeframe is starting to enter the overbought area, indicating a possibility for BTC to correct. The fear and greed index is at 78, extreme greed, increasing the potential for a correction. Overall, my personal target price remains at 76K.
But keep in mind that the market is dynamic; we could still see a strong pump today, beyond analysts' predictions. Remember, in the market, our true opponent is our own ego.
Don't FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Pump with Strong Volume: Will It Reach 76K?GM, nice pump for BTC this morning. The stoch RSI has successfully exited the oversold area, and BTC's price pump is accompanied by good volume. However, the fear and greed index is still in the greed zone, now at 75, up from 73 yesterday, indicating there is still potential for market makers to drop BTC's price again.
But technically, my personal outlook is that BTC will slowly move sideways around the 72K - 73K area and then continue to pump to our initial target of 76K.
Don't FOMO, stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Breaks Out of Yellow Zone: Bullish Target at 76K!GM, crypto bros. This morning BTC is quite bullish and has finally broken out of the yellow zone area. The stoch RSI has also exited the oversold area, while the fear and greed index remains at greed 73.
My personal target price is still 76K, but keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Sideways in Yellow Zone: Will It Dump or Pump to 76K?GM, this morning BTC on the daily timeframe is still sideways within the yellow zone. The probability for a dump is still present as RSI remains in the oversold area and the fear and greed index is still in the greed zone. The target price remains the same at 76K. Let's see what the market makers will do this month.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Sideways Trend: Will It Drop First Before Pumping to 76k?GM, crypto bros. This morning BTC is still trending sideways. The RSI is still in the oversold area, and the fear and greed index is at 73 in the greed zone. Overall, today's outlook is quite similar to yesterday. There is a possibility for BTC to drop slightly before pumping to 76k.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC's Bullish Monthly Close: Ready for a Pump to the Green Zone?GM, today's monthly BTC closing is quite bullish. On the daily chart, there's still rejection for a pump out of the yellow zone area. The RSI indicator is still in the oversold zone, and the fear and greed index is still in the greed area this morning.
My personal outlook is that BTC might drop again if it can't break above the yellow zone area, but there's still a chance for BTC to strengthen and pump to the green zone area at 76150 - 77302.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC's Bullish Close: Will It Pump to 70k or Drop Further?GM, yesterday's candle closed quite bullish on the 30th, but BTC's price still hasn't exited its yellow zone. The fear and greed index is currently at 73 (greed), and the stoch RSI has entered the oversold area, but there's still a possibility that the price could drop even further.
My personal outlook is that there is still a chance for BTC to pump to 70k++, but don't ignore the potential for a deeper dump as well. Let's see how the monthly close for May turns out.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC in Yellow Zone: Will It Drop Further or Rebound Soon?GM, this morning BTC is still sideways with a slight dump. The price is still within the yellow zone, and there is a possibility for a drop to the orange zone at 64846 - 63261. The stoch RSI is starting to enter the oversold area.
My personal outlook is that today's candle on the 30th might close bearish, and tomorrow on the 31st could see a slight bullish movement. Maybe the beginning of the month will see a small pump.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Dips to 67K: Bullish or Bearish? Find Out in Today's AnalysiGM, BTC's sideways movement turned out to be deeper than expected, even dropping to the 67K area yesterday. Currently, my personal outlook is 60% bullish and 40% bearish. The fear and greed index this morning is still at 72 and in the greed zone, suggesting that market makers might continue to shake out retail investors before pumping hard.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC Faces Strong Rejection: Will It Drop Further or Move SidewayGM, this morning BTC started to drop again, and the candle close on the 27th was bullish but faced strong rejection. The fear and greed index is still in the greed status this morning, so overall there's still a chance for BTC to drop further.
However, my personal opinion is that BTC might just move sideways between 69K - 70K until the end of May. Let's see where the market will take us.
Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
Altcoin Season Incoming? Big Pump Potential!Similar to TOTAL, there is still a big chance for a pump higher to the green zone area of 858.309 - 876.481B. If this happens, it could signal the beginning of an altcoin season bull run. However, it might not be that easy to pump to that level; I believe there will be one more dip to shake out retail investors and crypto enthusiasts, making them scream "crypto scam" again before the real bull run occurs when people are skeptical about the market.
Crypto Market Cap Analysis: Overbought RSI and Potential PumpThe crypto total market cap has followed the potential pump I mentioned last week. So, what's next for TOTAL?
From a technical analysis perspective, as we can see, the RSI is still in the overbought area, indicating a potential retest before continuing its pump. There is a big possibility that the pump will reach the greed zone area of 2.957 - 3.024T.
ETHBTC Analysis: Bullish Momentum and Potential Corrections#personaloutlook #marketupdate
#cryptoweeklyupdate on 27/05/2024
#sekilascrypto #ETHBTC
As I mentioned last week, we have successfully broken through the yellow area at 0.4883212 - 0.05036641, indicating that ETH is starting to strengthen against BTC. So, what's next for ETHBTC?
Currently, it remains quite strong and bullish, but as we can see, the Stoch RSI is already entering the overbought area, which could potentially lead to a correction. On the daily timeframe, there is still a chance to reclaim up to 0.06047006 and then drop back as a correction to the current area around 0.05677990. However, overall, there is a big possibility it will move to the green zone in the area of 0.06554863 - 0.06813071.
BTC Market Update: Bullish Rebound Potential on 27/05/2024Good morning, the candle close on the 26th has the potential to drive BTC down further, but today's candle on Monday the 27th looks quite bullish. If tomorrow's candle can close fully covering the body of the 26th candle, it could increase the chances of reclaiming the 70893 area.
The Fear and Greed Index this morning is still in the greed status, indicating there's still a chance for market makers to push it down to fear status with the aim of shaking out retail investors first. However, as always, the market is dynamic and anything can happen.
"Hope for the best and prepare for the worst."
Keep in mind to stay safe and always trade like a robot without emotion. That's it for today's crypto update.
I'm Akki, signing off with one chart.
BTC Bullish Push: Key Levels & Extreme Greed WarningGM, this morning's BTC candle close on the 24th was quite bullish.
Weekend volume tends to be low, but a nice push for BTC. If the price manages to close above 69K++, the chance for a pump to the green zone at 76150 - 77302 increases.
However, be cautious as of today, March 25, 2024, the fear and greed index shows in the extreme greed zone, which means there is still potential for market makers to sell their assets, leading BTC to drop further, and possibly a bearish scenario might come true.
Always keep funds ready to shoot your chosen altcoins at discounted prices if the market provides the opportunity.
Stay safe and always trade like a robot without emotion. That's all for today's crypto update.
I'm Akki, signing off with one chart.