BTC Enters Orange Zone: What's Next?
GM crypto bro's, the candle on the 18th finally entered the orange zone area at 64865 - 63261 as I mentioned before. The stoch RSI remains in the oversold area, and the fear and greed index has dropped significantly from 71 to 64.
Currently, BTC has the potential to pump up to 66K on the H4 timeframe, while on the daily it might reclaim the 68K area. But since we are nearing the end of the month and the weekend is approaching, there's a big possibility that it will just move sideways with a downtrend bias.
With the fear and greed index at 64 (greed), the market makers might drop it further until it reaches the fear status, and then a massive big pump will happen. For those looking to scoop up altcoins, now is the time to start accumulating.
Be greedy when others are fearful and fearful when others are greedy.
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.
Currently, BTC has the potential to pump up to 66K on the H4 timeframe, while on the daily it might reclaim the 68K area. But since we are nearing the end of the month and the weekend is approaching, there's a big possibility that it will just move sideways with a downtrend bias.
With the fear and greed index at 64 (greed), the market makers might drop it further until it reaches the fear status, and then a massive big pump will happen. For those looking to scoop up altcoins, now is the time to start accumulating.
Be greedy when others are fearful and fearful when others are greedy.
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.
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