DOW JONES

Dow Jones tried breaking the triangle pattern but failed to sustain above it. We can see a
breakdown and weekly close below the triangle pattern which could put sell pressure on
markets and it may correct around 5% till 33,000 level.

GOLD

Gold is retesting the support on upper trendline of the channel pattern after breakout, Day close
above $1921 would trigger a buying momentum and a downward trend reversal may be seen.

BITCOIN

Bitcoin has been trading in the megaphone pattern and would bounce back from the lower side of
the pattern. If it breaks down, we would see Bitcoin testing the 40,000 level as support

ETHEREUM

Ether has broken out of the cup and handle pattern on daily time frame. Currently it is retesting the
support and expected to bounce back from this level.

In conclusion

Dowjones failed to sustain above $35000 levels, we could see profit booking for sometime before it
resumes the upwards move. Gold is showing signs of revival and a trend reversal may be seen in
coming months.

Bitcoin is expected to bounce back from current levels as far as $43,200 levels are defended. Ether
and few other Altcoins are appearing strong compared to Bitcoin. Bitcoin dominance has gone
down to 40%. Bitcoin is correcting while few Altcoins are making new highs which indicates funds
are chasing Altcoins. Quality Altcoins should continue to make new highs.

The short term weekly trend for Crypto markets still looks Bullish. Following are the highlights of
the week –
● MicroStrategy announces new bitcoin buy worth $177 million
● Morgan Stanley loads up on $240 million in Grayscale Bitcoin shares
● Billionaire Bill miller takes plunge into GBTC with 1.5 million shares
● Over $700 million worth of ETH has been burned after EIP-1559 upgrade

LUNA, AVAX & TRX appear strong against Bitcoin and could potentially outperform Bitcoin in the
coming week.

DOW JONES

Dow Jones has been trading between the channel pattern for more than a year now. Bounce
back is expected from the lower trendline of the channel pattern and 10-20% upside could be
expected in coming months

GOLD

Gold has given a break out of the channel pattern on daily timeframe, Day close above $1921
would trigger a buying momentum and a downward trend reversal may be seen.

BITCOIN

Bitcoin has been trading in the channel pattern and would bounce back from the lower side of the
channel. Upwards move till $57,000 may be seen in coming weeks.

ETHEREUM

Ether and Bitcoin have been trading in the similar channel pattern. Ether seems to be ready to
retest its previous high of $4,300.

In conclusion…

A 10 to 20% upside is expected on DOW JONES and same gains can be expected in global stock
markets. Gold is showing signs of revival and a trend reversal may be seen in coming months.

Bitcoin is expected to gain 10-15% and move towards the $57,000 level in the coming weeks.
Ether seems to be ready to retest its ATH(all time high) of $4,300. Quality Altcoins should continue
to make new highs.

The short term weekly trend for Crypto markets look Bullish. Following are the highlights of the
week –

● Cryptocurrencies gain legal status in Texas as new laws take effect
● Shop.com now accepts Bitcoin payments after partnership with Bitpay
● India crypto exchanges allow bank deposits
● Coinbase launches Ethereum staking for Britons and Germans

THETA, BAND & COTI appear strong against Bitcoin. As mentioned in our previous weekly report,
LINK gained 20%, MANA & AAVE gained 15% in a week compared to Bitcoin gaining 3% in the
same time frame.

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DOW JONES

Dow Jones broke out of the consolidation above the 35,000 level a week back. It seems to have
taken support at 35,000 and is ready for its next move towards 37000, 6% upside.

GOLD

Gold has given a break out of the channel pattern and short term upside is expected till $1900.
Day close above $1921 could be an indication of trend reversal leading towards an upside.

BITCOIN

Bitcoin is respecting the trendline support and has bounced back from the trendline twice in the
past one month. Day close below $46200 may put a selling pressure on Bitcoin in the short term.
RSI continues to stay above 60 on daily timeframe which indicates bulls are in control and the
buying momentum is likely to continue.

ETHEREUM

As ETH/BTC approaches the trendline support, a bounce back is expected from this zone. Ether
could make an upward move in the coming weeks outperforming the Bitcoin

In conclusion…

The weekly close on DOW JONES above 35000 levels indicates the absorption of sell pressure,
the markets seem ready for an 6% upward move towards 37000 levels. Gold is trading in the
consolidation zone since a year and close above $1921 should trigger a buying momentum.
Bitcoin and the crypto markets look positive as long as the $42,200 level on bitcoin is defended.
Ether appears strong against bitcoin and an upward move is expected in the coming weeks. We
can expect many of the Altcoins to make new highs with Ether’s move.

The short term weekly trend for Crypto markets look Bullish. Following are the highlights of the
week:-

● Bitcoin network smashes record amid huge price surge
● Bitcoin adoption in Afghanistan spikes amid Taliban takeover
● $400 million in ETH now burned by Ethereum EIP-1559 upgrade
● Cuba to recognize and regulate cryptocurrencies like Bitcoin
● Twitter CEO building decentralized Bitcoin exchange

LINK, MANA, AAVE and SRM appear strong against Bitcoin. As mentioned in our previous weekly
report, CHR gained 26% in the past week compared to Bitcoin’s -1.2% in the same time frame.

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DOW JONES

Dow Jones broke out of the consolidation above the 35,000 level last week. If this level is
sustained we may see 37,000 levels soon in coming weeks, else we may see profit booking in
the stock market.

GOLD

Gold is trading between the channel pattern and breaking out of this channel would give us the
cue for the next move. Gold has been consolidating between $2089 and $1673 levels since a
year.

BITCOIN

Bitcoin has broken out of consolidation and it is trading between the support($41,000) and
resistance($60,000) zone.
RSI continues to stay above 60 on daily timeframe which indicates bulls are in complete control,
the buying momentum shall continue.

ETHEREUM

ETH/BTC has broken out of the Triangle pattern. It shall retest the upper line of the pattern before it makes the up move.

In conclusion…

The Stock market is still in the supply zone, Strong buying needs to be seen to continue the
uptrend else we may see profit booking in the stock markets. Gold trades in the consolidation zone
since a year and close above $1840 should trigger buying momentum.
Bitcoin and the crypto markets look positive as long as the $41,000 level on bitcoin is defended.
Ether appears strong against bitcoin as the funds are chasing the Alt king, around 7% of Ether
supply is staked for ETH 2.0. Many of the top 10 crypto tokens like SOL and ADA made new
ATH(All Time High) in the past week. That is a sign of continuation of the Bull run.

The short term weekly trend for Crypto markets looks Bullish. Below are the highlights of the
week

● Trading platform Bitpanda raises $263 million at a $4.1 billion valuation
● NFT monthly volumes in August near $1 billion
● Galaxy Digital files for US Bitcoin futures ETF
● Rapid growth in DEFI is seen taking the global total value locked in DeFi to $148 billion
● Crypto adoption by individuals growing fastest in Vietnam and India

CTSI, CHR, CHZ and DOT appear strong against Bitcoin. As mentioned in our previous weekly
report, HNT gained 41% in the past week compared to Bitcoin gaining 3% in the same time period.

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DOW JONES

Dow Jones has successfully broken out of the consolidation pattern. 35000 has become new
support and a target of 37000 can be expected this week.

GOLD

Gold has formed a hammer candle on weekly close which indicates bullish reversal. The RSI is
making a triangle pattern and breakout above the trendline will be a bullish sign.

BITCOIN

Bitcoin has broken out of consolidation and the target of $75-80k can be seen in the coming
months.
RSI is above 60 which indicates bulls are in complete control, the buying momentum shall
continue.

ETHEREUM

Ether has broken out of the rectangle pattern. Ether is ready to test the 4k level in coming months.
Daily RSI trading above 60 is a sign of a bullish trend.

In conclusion…

The Stock market continues to remain bullish and is set for the target of 37000 level. Gold trades in
the consolidation zone and close above $1840 should trigger buying momentum.
Bitcoin and the crypto markets look strong and completely in control of bulls. Ether appears strong against bitcoin throughout the cycle. The Alt coins have all the ingredients to outperform Bitcoin, fundamentally strong projects to make new highs in coming weeks.

The short term weekly trend for Crypto markets looks Bullish. Below are the highlights of the
week

● AMC Entertainment will have technology to receive bitcoin as payment by year end
● Standard chartered plans new crypto broker service in Ireland
● Saverin-backed exchange CoinDCX becomes India’s first crypto unicorn
● Venmo launches crypto cashback for credit cards
● Coinbase posts record profit of $1.6 billion for Q2

WRX, HNT, AAVE and LINK appear strong against Bitcoin. As mentioned in our previous weekly
report, LUNA and FTT gained 17% and 8% respectively in the past week compared to Bitcoin
gaining 3.8% in the same time period.

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Crypto assets.
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