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Crude Oil Technical Analysis - October OutlookCrude oil is showing a notable recovery from its recent lows, currently trading around the $72 mark. A few key observations based on the price action and indicators: Price Pattern and Trend: The chart shows a classic descending wedge pattern, which signals a potential bullish reversal. The breakout from the wedge is accompanied by a price surge above the 20-day and 50-day moving averages, suggesting a short-term trend change. Key Support Levels: Immediate Support : Around $70.64, marked by the breakout level. Strong Support : At $68.23, where significant buying interest has been observed in the past, reinforced by a bullish consolidation zone. Resistance Levels: First Resistance: $72.11, which has been tested, with potential room for the price to move higher if momentum sustains. Critical Resistance : $77.23, which coincides with a strong historical supply zone. A close above this level would signal further bullish momentum . Volume Profile Insight: A noticeable shift in the volume profile near the $70 mark suggests accumulation by institutional investors, hinting that buyers are stepping in to defend this level. RSI Indicator : The Relative Strength Index (RSI) has bounced back from oversold levels and is now showing early signs of positive divergence, supporting the case for an upward move. Geopolitical Factors: With rising tensions in the Middle East, as highlighted in the annotation, traders and investors are pricing in potential supply disruptions, contributing to the recent spike in oil prices. Conclusion: Oil prices may continue to rise in the short term, with $72.11 being a key level to watch. If sustained above this, the next target would be $77.23. However, if prices fall back below $70, we could see a retest of support at $68.23. Given the geopolitical uncertainty, traders should remain cautious of potential volatility.
TVC:USOILLong
by AngshumanSaikia
BTCUSD Midweek Outlook—Pump to 65K Likely with Small Dump RiskGM crypto bro's, this morning, the Fear and Greed Index is neutral at 49, while the Stoch RSI has started to exit the oversold area. Yesterday's candle (07/10) touched 64K but dropped back to 62K this morning. What’s next for BTC? Based on price action, there's a high probability for another pump up to 65K. Though a deeper dump is possible, I personally think the pump probability is higher. The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD Weekend Outlook—Targeting 64K with Potential Drop to 59KGM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains neutral at 50, while the Stoch RSI is slowly exiting the oversold zone. Today’s market outlook is similar to yesterday’s, with a target of 64K, though there is still potential for another drop, possibly back to the 59K area. The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD Reclaims 62K with Bullish Signs—Potential to Reach 64KGM crypto bro's, this morning the Fear and Greed Index has increased, moving out of the fear zone and into neutral at 49. Meanwhile, the Stoch RSI is signaling potential upward movement. BTC has reclaimed the 62K area as I mentioned in yesterday's update, and the bullish price action seen this weekend may increase the probability of BTC reaching the 64K range. The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
NZD/USD Slips as Fed Powell Hints at Gradual Rate CutsThe NZD/USD pair has been losing ground in the wake of Federal Reserve Chair Jerome Powell's recent remarks, indicating that interest rates will be lowered gradually "over time." This dovish signal from Powell has bolstered the US Dollar, placing additional pressure on the New Zealand Dollar (NZD). Adding to the bearish sentiment, the upcoming US ISM Manufacturing PMI for September is projected to show a slight improvement, with expectations set at 47.5 compared to the previous reading of 47.2. A better-than-expected result could further support the USD, reinforcing the downward trajectory of the NZD/USD pair. On the New Zealand front, economic data has also been less than favorable. The country’s Building Permits fell by 5.3% month-over-month in August, a significant reversal from the substantial 26.4% increase recorded in July. This decline reflects a slowdown in the construction sector, further weakening the New Zealand Dollar. From a technical perspective, NZD/USD has reached a key supply area where the price seems to be reversing. The Commitment of Traders (COT) report also aligns with this potential reversal, showing a shift in sentiment towards the USD. Coupled with the latest economic news and the anticipation of stronger US data later today, the technical indicators and fundamentals both point to a continued bearish outlook for NZD/USD. In conclusion, with Powell’s dovish comments, weak New Zealand data, and the likelihood of stronger US economic reports, the NZD/USD pair appears poised for further declines. Traders should watch for confirmation from today’s ISM Manufacturing PMI release, which could boost the USD further and solidify the reversal in NZD/USD. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
BTCUSD Struggles Amid Fear—Downtrend Continues ?GM crypto bro's, this morning BTC continues its decline, with the Fear and Greed Index now sitting at 41 in the fear zone, and the Stoch RSI still in the oversold area. Looking at the price action on the H4 timeframe, there’s a small chance BTC could reclaim the 62K area, but the probability of further decline to 59K is higher. With the weekend approaching, we can expect low volume in the market. The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD Approaching Accumulation Zone – Fear Dominates, Oversold GM crypto bro's, this morning the Fear and Greed Index remains in the fear zone, sitting at 37, and the Stoch RSI has entered the oversold area. The candle close on the 2nd has not managed to break above 62K. However, this doesn’t mean the potential for 69K is off the table. Given the price action and the current Fear and Greed Index, now might be a good time for accumulating more Bitcoin. The market is dynamic—don’t get FOMO. Always manage your risk, and as always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD October Fear Zone – Is 69K Still on the Horizon?GM crypto bro's, finally BTC corrected to the range I've been reminding you about for days now, dipping as low as 60K, and currently, the price is sitting at 61,163. The Fear and Greed Index has dropped into the fear zone at 42, accompanied by the Stoch RSI entering the oversold area. What's next for BTC? If today's candle closes above 62K, there's a strong potential for 69K to become the next target. However, if the price fails to close above that range, we might see another drop to 59K. As I remind you daily, the market is dynamic—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.
INDEX:BTCUSD
by x_Akki
Bitcoin fail Septembull, Drop or Just a Setup for the Next Pump?GM crypto bro's, today BTC's monthly candle closed without achieving a Septembull, showing instead a tendency for further correction. The Fear and Greed Index is at 50, along with a significant drop in the Stoch RSI. As mentioned in previous updates, there is still a potential correction down to the 60K - 59K range. BTC currently sits at 63,538 with a strong bearish candle. Is the pump to 69K still possible? Yes, but I personally see only a 30% chance for that, while the probability of a correction to 61K - 59K is around 70%. Happy payday to those who got paid! Remember, the market is dynamic—don’t get FOMO. Keep buying more Bitcoin, maintain risk even though life is full of risks. A great sailor isn’t great because of a luxurious ship but because of their skill as the captain. As always, this is Akki signing off—one chart, one love. Have a nice day and stay SAFU.
INDEX:BTCUSD
by x_Akki
BTCUSD Correction to 60K - Will September Close Bullish?GM crypto bro's, happy Monday! This morning, the Fear and Greed Index is sitting in the greed zone at 61, while the Stoch RSI remains overbought. BTC has started to show signs of correction from the 66K range. The potential correction area remains the same as mentioned in our previous updates, targeting the 60K - 59K range, or maybe it will only hit 61K. Keep in mind that tomorrow is the monthly closing candle for September. If BTC closes above 64,700, then we could consider this a Septembull finish. Remember, the market is dynamic—don’t get FOMO. Always be aware of correction possibilities because anything can happen. Always manage your risk. That’s all for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day, stay SAFU, and don’t forget—buy more Bitcoin.
INDEX:BTCUSD
by x_Akki
BTCUSD Holding 65K - Pump to 70K or Correction to 60K?GM crypto bro's, happy weekend! This morning, BTC is still holding in the 65K range with the Fear and Greed Index in the greed zone at 63, while the Stoch RSI remains in the overbought area just like yesterday. Today's market outlook is still the same—potential for an instant pump to 69K - 70K, but also the possibility of a dump down to the 60K - 59K range. So, keep staying safe out there! Remember, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day and stay SAFU!
INDEX:BTCUSD
by x_Akki
BTCUSD Weekend Outlook - Greed Zone at 64, Correction or Pump?GM crypto bro's, happy weekend! This morning, the Fear and Greed Index is in the greed zone at 64, while the Stoch RSI has risen back to the overbought area. Today's market outlook remains similar to yesterday’s, with a potential correction around the 60K - 59K range, while the pump target is 69K - 70K. Considering it’s the weekend and nearing the end of the month, a correction is likely, especially with the Fear and Greed Index showing high greed at 64. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Approaching 65K - What’s Next? 60K or 70K?GM crypto bro's, this morning, the Fear and Greed Index has risen again, entering the greed zone at 61, and BTC has pumped towards our target in the 65K range. Yesterday’s correction only reached 62K, without touching 61K, but BTC still managed to correct slightly before successfully pumping into our target range of 65K - 66K. Now, what's next? In terms of price action on the weekly chart, there's potential for BTC to correct again to the 60K - 59K range, with a potential pump towards 69K - 70K. Let’s see if the end of this month will bring a "Septembull" or just a "Septembear." Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Correction After 64.7K Pump - Testing 61K - 62K Next?GM crypto bro's, BTC has finally seen a correction this morning after pumping to around 64,700. The day starts with the Fear and Greed Index back in the neutral zone at 50. The possible area that BTC might test during this correction could be in the 61K - 62K range, as we've mentioned in previous market updates. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Daily Update - Greed Zone, But No Correction Yet?GM crypto bro's, this morning, the Fear and Greed Index has finally entered the greed zone at 59. It seems BTC still isn’t ready to correct down to the 61K - 60K range. BTC is already quite overbought in terms of price action, and the Fear and Greed Index is also showing signs of a potential correction. However, our pump target remains the same as yesterday, around 65K - 66K. Keep in mind, the market is dynamic, don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Daily Outlook - Small Correction After the 64K Surge?GM crypto bro's, let’s start today’s market update with the Fear and Greed Index still in the neutral zone at 54, while the stoch RSI remains in the overbought area. BTC has risen quite high to the 64K range, so it's normal to expect a small correction today. The potential correction range is still the same as I mentioned in the previous updates, around 61K - 60K. In the crypto market, it's like sailing on the ocean—enjoy the beautiful waves and also brace for the storms. Keep in mind, the market is dynamic, don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Outlook - Heading to 65K Before a Correction?GM crypto bro's, back to this harsh reality. The morning starts with the Fear and Greed Index sitting at 50 in the neutral zone, while the stoch RSI remains in the overbought area. Today's BTC price action seems reluctant to correct for now, maybe preferring to hit the 65K - 66K range first, considering the Fear and Greed Index hasn't entered the greed zone yet. Usually, there's a higher probability of correction when the market is in greed. But let’s see how the crypto market mood plays out today. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Weekend Outlook - Small Correction Before the Pump?GM crypto bro's, happy weekend! This Sunday morning, the Fear and Greed Index is still chilling in the neutral zone at 52, while the stoch RSI remains in the overbought zone. Looking at today’s price action, there’s potential for BTC to experience a small correction, maybe down to the 61K - 60K range, before continuing its pump towards our target of 65K - 66K. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Weekend Outlook - Same Targets, Watch for CorrectionsGM crypto bro's, happy weekend! This morning, the Fear and Greed Index remains in the neutral zone, sitting at 54. Overall, today's market update is pretty much the same as yesterday. The next potential target for BTC is still 65K - 66K. Keep in mind, the market is dynamic—don’t get FOMO, and always be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
BTCUSD Daily Outlook - Correction or Pump? Next MovesGM crypto bro's! This morning, BTC is back to the 62K range after previously hitting around 63K. The Fear and Greed Index is in the neutral zone, sitting exactly at 54, while the stoch RSI remains in the overbought zone. Today's market update shows potential for a small correction to the 61K range or maybe lower, but the potential pump target is still around 65K - 66K. Keep in mind, the market is dynamic, don't get FOMO. Anything can happen, so always manage your risk. That's it for today's crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
(BTC) bitcoin "BB Trend - long range view"Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what does it mean is a good question to try to answer. There are too many indicators and all of them cannot be laid on top of one another to see one giant indicator mess while trying to discover the hidden gem of the chart.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
BTCUSD Daily Outlook - Next Targets After Rate CutGM crypto bro's! Finally, the much-awaited 50bps rate cut has happened, and that's one reason why BTC pumped this morning. The Fear and Greed Index has also risen from fear to neutral, sitting at 49. Meanwhile, stoch RSI has returned to its overbought zone. Yesterday, our target was in the 61K - 62K range, and that's been hit today. So, what's next? Based on price action, the next potential zone for BTC could be 65K - 66K. The probability of a correction back to 55K is shrinking, but it's still on the table. Keep in mind, the market is dynamic, don’t get FOMO. Anything can happen, so always manage your risk. That's it for today's crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki