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BTC: Bearish Close, Bullish Start?GM crypto bro's, it's finally July and BTC's monthly candle closed quite bearish. This morning, the Fear and Greed index is at 53 neutral, and Stoch RSI is climbing towards the overbought area. Yesterday, the possibility for a pump seemed small, but that’s exactly what happened this morning. BTC's daily candle closed bullish on the 30th, almost at 63K. For now, BTC has the potential to retest 64K as I mentioned earlier, or maybe even reach 65K. But let's see, and keep in mind that the market is dynamic. Don't be FOMO, stay safe, keep calm, always manage your risk, and that’s it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC: Ready for Liftoff or Another Drop?GM crypto bro's, this weekend morning Fear and Greed enters the neutral zone at 47, and Stoch RSI is still in the middle. Looking at the Monthly timeframe, there's a big chance BTC will drop to the orange zone first. However, from the Daily timeframe, it seems difficult to retest 64K again. Overall BTC outlook remains the same as yesterday. For those trading futures, be cautious. If you haven't bought any, now might be a good time because it could fly to 80K tomorrow. For those who already hold and want to add more, you can accumulate at the current price, but a better price for accumulation would be at 56K, if it’s given. Let's see how the crypto whales decorate the market as the monthly candle closes. Keep calm, always manage your risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC: Brace for Impact?GM, happy weekend to those on holiday and stay strong for those corporate slaves like me who are still working even on weekends 😂. This morning, the Fear and Greed index dropped to the fear zone at 30, and the Stoch RSI is in the middle area between oversold and overbought. BTC's candle close yesterday was quite bearish and almost closed below 60K. The possibility of a BTC pump is quite small, but not impossible. Currently, I see a potential market dump that will test holders. The dump could potentially reach the orange zone around 56507 - 53046. Let's see how the crypto whales decorate the market as the monthly candle closes. Keep calm, always manage your risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC: Will It Hold 60K?GM crypto bro's, this morning Fear and Greed is in the neutral zone at 47, and the Stoch RSI is nearing the midpoint towards the overbought area. Overall outlook remains the same: as long as BTC's price doesn't drop below 60K, the 64K retest target is still valid. However, with the weekend approaching, trading volume is decreasing and tends to be bearish. Let's see how the crypto whales decorate the market approaching the monthly candle close. Keep calm, always manage your risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC: 60K or 64K?GM, Fear and Greed is at 40 fear this morning and Stoch RSI is starting to exit the oversold area, but BTC's candle close yesterday on the 26th was quite bearish. My personal outlook remains the same: as long as BTC's price doesn't drop below 60K, the target retest of 64K is still valid. However, if it drops below 60K, the next target is the orange zone in the range of 56507 - 53046. Let's see how the market makers draw BTC's chart in the future. Keep calm, always manage your risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC Rebounds! Bullish Surge or Bearish Trap?GM, BTC is showing a bit of bullish momentum this morning. The Fear and Greed Index is at 46 fear, while the Stoch RSI is starting to exit the oversold zone, indicating a possible retest of the 64K area soon. However, the potential for a market dump isn't over. On the weekly timeframe, there's a chance for a double top pattern, which could drop BTC to the orange zone of 56507 - 53046, or in the worst case, to the red zone of 50553 - 48940. It's deep, but we must hope for the best and prepare for the worst in the market. Stay safe, keep calm, always manage your risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
BTC Plummets to 60K: Time to Accumulate?GM crypto bro's, an intense bearish candle hit on the 24th, driving BTC straight to 60K. This morning, the Fear and Greed Index plunged to 30 fear, while the Stoch RSI has been dead in the oversold area for days. Now is the time to start accumulating BTC again. Altcoins are also an option, but it might be better to wait and see, especially with the monthly candle closing soon. Currently, BTC has the possibility to retest the orange zone, maybe around 63261 - 64846. The market is still very bearish, but be greedy when others are fearful and fearful when others are greedy. Again, don't be FOMO, stay safe, keep calm, always maintain risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki
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BTC Drop Alert: Potential Plunge to 60K!GM, yesterday's candle on the 23rd closed quite bearish, and this morning's open candle is outside the orange zone area, increasing the possibility of a deeper drop, maybe around 60184. This morning, the Fear and Greed Index dropped again to 51, while the Stoch RSI remains in the oversold zone. Considering the current conditions, it seems like the market maker will push BTC down until the Fear and Greed Index enters the fear zone. However, as we know, the market is dynamic, and a pump to the yellow zone could still happen. Again, don't be FOMO, stay safe, keep calm, always maintain risk, and that's it for today's crypto update. I'm Akki, one chart salute.
INDEX:BTCUSD
by x_Akki