Transcript
0:00 Hey guys, welcome back to the daily crypto market update. BTC closed the dogee basically zeroed out on Monday, closing at basically the exact same price at which it opened, which is really interesting. Now, one little tip on dogee candles. The placement of these is really important and dogeis represent basically indecision about price direction. We are looking at a battle between buyers and sellers.
0:32 So when we zoom in here seeing that the price moved up but it couldn't push up higher. It moved down but the buyers here thought you know what it's not going to go that low. It can't go much lower. So we basically reach a point of indecision. Now where these happen is really important. I'm not saying that this is like a bottom signal. I don't think it is. But I think it's really interesting to see price action for BTC, you know, getting caught up in a tugofwar while the macro trend remains bullish. Actually, it's more bullish.
1:02 It's actually starting to curl up more here. I'll prove it to you cuz the slow line has been moving up at a pretty good rate. And if we just keep this going over here, no, it's actually moving up a lot higher right now. It's actually moving up at a a greater angle than it was previously back over here. So, this is good. I know the chop isn't fun. We've had five red days. Technically, it's the fifth day of red candles, which can feel defeating. It can feel really frustrating. Again, the chop is real.
1:32 The fatigue is real, but don't give up hope. Nope. another really good thing about yesterday's opening on Monday is that volume exceeded the moving average, which is still going down. But any volume is good volume. You'll notice that I don't use red and green volume here. There's no reason to use that. It's stupid. Anyone that I mean, you can you can use whatever you want for volume. But the reason why the volume is red or green is because it matches the candle. It doesn't really mean if we have a red candle close on a big day and lots of volume with it, it doesn't mean that that's all selling.
2:06 There has to be someone to buy what is being sold. This is how a market works, right? So, this is why I favor gray bars here for our TBG based currency converter. Now our one stubborn indicator is onbalance volume which is the blue jagged line. The white line is actually a moving average and use a 21 SMA just because it's has a nice ring to it. but no it's a it's a pretty fast moving average. And when we see the moving average pointing down we know that things are bearish. It's macro bearish means sellers are in control which is normal especially when we're in a period of chop. That's true. But the moving average here for the slow line, that's looking really good to me. Still on the weekly time frame, believe it or not, Bitcoin is still right at the top of the cloud. And here's another thing that's going to really throw you for a loop. The slow line on the weekly time frame is still pointing up a lot. It's still macro bullish and we're still looking at a bull flag. Got a comment from somebody saying, "No, that's a bare flag." I know. Trust me, this is one thing I was like, wait, no way. It It's all about the outcome. And the way that you figure out which one it is is that a bare flag has I have to go up here to draw. A bare flag is basically a an ascending channel of whatever degree you want. The higher it is, the more disastrous it's going to be. The more horizontal it is, the longer it's going to take. But for a bare flag, you're going to see higher lows and higher highs at whatever angle it's going to be with ultimately a loss of support testing that newly lost support confirming it as resistance and then we go lower. Whereas a bull flag is the inverse where we're seeing lower highs and lower lows with a breakout to resistance testing it as support and we push up higher. So again, I know it's a little bit weird to look at price going lower and lower. It's like how is this bullish? Well, it's not bullish. It's the outcome that is bullish. And again, that outcome would be moving up to a higher high. So, we've already seen a move up to the top on the 21st of October. We could see a drop down here to support, which is at 78K. It could happen. but ultimately, the move is to go above resistance, test it, and confirm it as support, and then we go up higher. That's why I'm calling this a bull flag. now Bitcoin is still in bearish consolidation mode. It's still feeling pretty bearish on the 4hour time frame. We've seen a lot of bullish reversal signs like our TBL close shorts, the orange diamonds, and we've even seen a breakdown and then we have a TBT bullish divergence that's printing today. There's a whole lot of chopping going on. This is why it helps to zoom out to look at the daily slow line which is still bullish. Now, Ethereum is in a very similar spot. five red days in a row, which is going to feel pretty pretty defeating. RSI fell down on Monday, 25.51. It did not go oversold, which would be below 25, but it got really close. Now, we did lose our bullish structure kind of sort of because RSI dropped down on Sunday to 26.22 below the previous higher low on the 20 on the 12th of October at 26.67.
5:34 Honestly, it's just it's just chopping. And again, the slow line is very very nice on this chart. I know it doesn't feel good to chop like this on the 4hour time frame. We don't have any new bullish signals. I am expecting to see some to be honest, mainly because Bitcoin dominance is giving us the goods. We saw resistance, which is up here, this red dotted line from the TBO at 60.25% move up to the high of Sunday at 60.66%.
6:03 This is telling us two things. It's telling us that this high on Sunday is a strong pivot high. And there's actually a a silver lining to this. If Bitcoin dominance can push above 60.66 and close above that level, then we have a very strong bullish trend. But if it gets rejected, if it can't close above, then that's a new high. It's a new top. Personally, I'm looking at this right here, just like this back over here. So, our current day starting on the 25th of October on the Sunday with this TBO resistance moving up really similar to how we looked back over here on the 22nd and also over here on the 26th of August and inevitably we saw Bitcoin dominance fall a lot lower. That's what I'm waiting on to happen next. On the 4 hour time frame, we have a TBO close long, which is the cousin of the closed short.
7:04 This is a bearish reversal warning. Just one on the 4hour time frame, though, it's not enough. But seeing an open short on the 4 hour, it's good, but we could see a lot of these two. There's a lot of chopping happening right now. The main thing that we want to see is Bitcoin dominance going inside of the cloud. Once we get that happening, whether it closes or it wicks inside of the cloud, then that's a confirmation that we're going to see it fall a lot lower. But this is already off to a really good start.
7:33 One thing that's really interesting about yesterday's change in dominance, I think, is that stable coin dominance actually didn't close up. You would think so because Bitcoin was weak, Ethereum is weaker. but because we saw Bitcoin dominance drop and stable coin dominance drop a little bit, while we don't have any glaring bearish reversal signs, we had three TBO closed longs. We had a mini reversal and then it shot right back up. but again, the slow line on the daily time frame is very very stubbornly bearish. It's macro bearish. So, I am expecting this to go lower. We already had a bearish RSI reset. So, where did Dom dominance go?
8:09 It went to the others category. It went to others. D which moved up on Monday only.54% but hey I'm going to give I'm going to get whatever I can. I am still relentlessly bullish on the crypto market even though we have admittedly very bearish signals flashing. Two TBD bearish divergences in October earlier this month. Three closed longs since Wednesday the 14th.
8:41 That's not good. It really isn't. But I am still hopelessly bullish and I'm looking at every bounce, looking at more TBO closed shorts, which are bullish reversal signs printing as a very good springboard to launch us above resistance cuz this is a bull flag. We have lower highs and lower lows. So the inevitable outcome is to break above, come back down to test newly broken resistance to confirm a support and then we go up. Now things really won't get started until others dominance can really hold above 9%. Well, I guess it's moved down, hasn't it? But it's basically just 9%.
9:24 I think it can still happen. There are a lot of things macro-wise that have to change in order to make that happen, but I'm not counting it out at all. This is why I keep saying like DCA and patience pays because if you DCA by scaling in slowly to positions, whether you're using 17th or 1/3 of your total possible volume, if it's 17th, then it's going to be a lot of one, then a lot of two, then a lot of four. I don't know why I wrote the two so small, but that equals seven. If it's going to be just 1/3, then it's lot, sorry, one lot and then two lots, whatever it's going to be, right?
10:04 But scaling into positions makes the most sense right now because we are in recovery mode. Now, the other's market cap moved up a little bit yesterday as well, 64%. Not amazing, not incredible, but good enough. And we have a TBT bullish diversion. Now, there's a difference between the green triangle, which is TBT bullish divergence, and a close short. TBT bullish divergence is an early bullish reversal signal. Whereas, the close short tells us that a bullish reversal is coming pretty soon, which is exactly what happened back on Wednesday last week. So, we don't see one of those yet. But the fact that we've already had one, we had a good move up to make resistance on our parallel channel, I still am, again, I am relentlessly bullish right now. I still think that's the most likely outcome. Now, looking at Tradfi, just a couple of updates. Lo and behold, the Dixie is moving up to 102. Gosh, what a shocker.
11:07 Monday's move up 27%. Moved up above the cloud. It's now basically going up to my exact point. It could go up to resistance. I just don't think it's going to be going up above the 0.5 fib level. If it does, we have a serious serious problem on our hands. But I want to tell you and I'll remind you about this. Okay, we're going to put this in the very very very back. When we see prices wick or close inside of the TBO cloud, it is a sign and a signal that we're most likely going to see those things, those charts going deeper inside of the cloud. It's an early warning that we're going to be going into bearish consolidation mode. We've been strong bullish or the Dixie has been. We went inside the cloud. Bearish consolidation goes above. Sure, that's fine. But inevitably it should fall and actually go lower inside of the cloud.
12:03 Why? It's just how these things work out. It's just the pattern that I've seen play out play out over and over and over. So the Dixie is following suit which is amazing. the euro dropped a bit yesterday 26%. it's still very strong bearish. It's extremely overextended according to the TBO Pro. I mean we already got our overextended warning here on Wednesday the 14th. Oh, what two weeks ago? So, we are definitely due for for some sort of a snapback higher. but it's going to take however long it's going to take. We've already had our bullish RSI resets on the daily time frame. It's still very macro bearish, but this has been a really long stretch. I mean, again, I want to I want to remove this guy. There we go. if we look just at this graph up here, it's telling us that timewise, then the baseline amount of time to be above or below any cloud is 12 bars. We're on 29 bars. We're over 2 and a half times over the baseline in terms of the move based on the last 50 trends. The move usually only goes 1.46% above or below the cloud. And we're at -3%. So, we're over 2x the baseline. So, this is a pretty amazing event that's happening right now and it's due for a push inside of the cloud. It's due for a corrective move. USD JPY bounced back up a lot. Actually, I need to bring this back because I like seeing that percentage. so much better. moved up44% on Monday. We didn't go oversold on RSI, thank God. but this is actually fine with me. We reverted back up to the mean. We're back up into the cloud at the fast line because we went down too hard too fast on Thursday. So be it. That's fine. But this is good.
14:02 Again, I'm still expecting the yen to end up a lot lower. Hopefully nice and gentle, not just a massive dump. S&P futures remains good. I mean, there's nothing really to complain about. The slow line is even more aggressively pointing up. Monday was a good green close up 0.55% but on the hourly time frame we have some exciting stuff printing. We have lots of triforce symbols. All of these TBT divergences are all bullish and we have a cluster confirmed over here on Monday at 4 p.m. my time which is UTC plus 9. It's Japan standard time. So, this is a really good bullish reversal symbol. How good is it? Well, the last one that we got was a bearish reversal symbol back over here on the 22nd of September and S&P futures was at 7,841 and then it ended up dropping from there down about 2% to 7675. So, I think we've just seen our confirmed pivot low.
15:06 I still think we're going to see S&P futures not just go up to resistance to 78,000, sorry, 7,899 one day, but not right now. and then up to $8,000. Nvidia had a beautiful bounce off of our support line. Even though Friday was a shaky close because the price not only printed a open short, it also opened and closed right below support. But Monday was a good close up 2.39% and it's up after hours. That was your dip by opportunity, ladies and gentlemen.
15:41 Warning on GameStop. So, remember what I was saying before about the TBT bullish divergence and then the close shorts. Now, we have the inverse, the bearish inverse. So, we have a TBT bearish divergence. It's not bullish because it's red. And now we have an sorry, a close long. So, this blue diamond right here, if we're looking at this bullishly, it'd be like this, except it would be different colors. But these will typically print before we get a close long. So, this is a pretty strong bearish warning. Not only that, we already got a warning back over here last Wednesday. We already got a wick inside of the cloud on Tuesday last week. Then we closed inside of the cloud on Thursday. And now we got a very strong bearish warning here. Okay, so GameStop is looking much weaker here.
16:29 It's almost oversold though on RSI, which is a good dip by opportunity, but it already had its really nice rally from early September up 48%. Tesla is looking really good. It finally broke out of this horizontal range, closed up 5% on the day. It left another lower gap. I get it. It's not fun. The slow line is still pointing up though on the weekly. Like, it's it's still decent. And it's actually about to do a TBO squeeze. Although, yeah, the the distance between the lower part of the club and the upper part is about 3%, but that's getting squeezy.
17:03 The volatility index S&P 500. Yep. closed down red. It's still a little bit overheated to be honest. on the on the hourly time frame, we have more of these bearish reversal warnings. We saw one of these right over here. And I mean, of course, it launched up after that. Not really saying like that's the one signal that's going to solve all the problems, but I still think that the VIX is going to cool off. Now, the Korean stock exchange, I made mention of this that it fell down to the previous low from back in July. It didn't give us a perfect double bottom bounce on Friday last week. Close enough though. and lo and behold, we are also looking pretty good at the start of the day.
17:43 It's back above TBO support. I honestly think that we're going to see the Cosby shoot back up. It's not like, oh yeah, this is going up to higher highs. We're going to go up to new all-time highs. It's oversold irrationally. So, because of all the FUD and the fear, well, the fear, uncertainty, and doubt that started back at the beginning of the month with this big AI selloff. It's going to go back. People are going to go, "What happened? What were we doing before? I don't even remember. Let's just buy everything."
18:08 oil futures after a crazy pump of 4% on Friday, closed red, but it's still very strong bullish. Looking at the TBO Pro, I mean, we've already hit our maturing warning over here on Tuesday the 20th. We don't have to see an extended X at all. That's just reminding us that things are crazy. But right now, we're already there in terms of Good grief. There just too many of these. There we go.
18:38 looking at the baseline move, 13 bars is the baseline based off the last 50 trends. We're there right now time-wise. So, this is the amount of time that we usually see charts or this chart specifically stay above the cloud. We're also 1.71 times above the baseline in terms of the price moving up above the cloud, too. So, the move's not done, but boy oh boy, it's getting there. It It's getting really, really, really close to being there.
19:05 All right, let's keep it going. Gold still looking a little bit weak. I actually saw some news that was really interesting about gold that scientists, correct me if I'm wrong, cuz I know you comment warriors will, but scientists in Japan have found a way to change the properties of Oh my gosh, I'm going to mess it up. I need to get the article. I think it's something like mercury or something like that. some strange element and they can change a couple of things in the elements and the elemental makeup of this to turn it into gold. So basically scientists have found a way to print gold.
19:48 Gosh, if only there were a truly hard asset that required work that there was a limited supply that there is and it required a ton of effort and it's only going to get harder to get it and to mine it over time. Gee, I wish that there was a solution that could help offset this terrible disastrous forecast for gold. That's exactly why Bitcoin was created. That's hilarious.
20:18 it will be years until they can massproduce gold. And if you can massproduce gold, then there's no point in having it. It just becomes devalued. Then you can massproduce anything. Then what's the point? It doesn't really have any value at all because there's no real work for it. You're just having scientists and a lab making it. So anyway, still very strong bearish. We did have a successful bullish RSI reset on Monday. That's great. But remember, we already lost support on the dump on Thursday last week.
20:53 It's not a good look. We are looking at lower lows on the chart and higher lows on RSI. Yes, that's bullish diversions, but this is still a bad chart. I don't think the chart necessarily is dumped because of that news. It's just a really interesting aside. looking here at TBT, oh, I'm sorry, at silver. Looking at a third consecutive TBO breakdown with another bullish RSI reset on a lower low. Well, it's bullish divergence, but man oh man, does that sting. the last time we got TBO breakdown like this, I mean, we just saw a huge reversal rally. That'd be nice, but things are looking very weak right now for silver and for precious metals.
21:33 But for copper, no, copper is doing really well after dropping to our 6.30 target on Friday. It's now up 3% with a target up here at 6.7 at resistance. All right, we got to keep on moving on, moving on. Go to the bettertraders.com, use the link that's down below to check out the source the resources, the tools, and the courses that we have at the better traders. There's also our free recovery year playbook, which is again, it's 100% free. I made a video about this a couple weeks ago. this basically is a a guide or a road map to what happens during the recovery year, recovery phase of a market. After we finish our bare market, then we flip to recovery. And recovery is very exciting because there's a whole lot of potential, but you have to you have to pace yourself. It's it's the start of the marathon. It's not a sprint. Yes, we can have some pretty amazing rallies, but we want to make sure that we're using appropriate risk sizing and stuff like that. Also, check out the Better Traders Club. it's way more than a Discord server. I am so pumped because of all the goodies that we are working on right now for the club. I literally cannot wait to share with you. It's not ready yet. but another benefit to the club is that you get access to the TBO indicator. Over 3,000 alerts for the TBO. in the trader tier. If you want the TBO Pro, which I made a video about this past weekend, you want to sign up to the pro tier. There's a lot of other reasons to sign up for the pro that I'm not going to get into cuz I don't have time to do it, nor do I want to do it cuz I want to get to the charts. But again, the Oracle bot is really awesome. One other part that's really fun about the Oracle bot is that we have a setup coach. So that way if I'm really interested in Pyth and I want to take a long position, well I can basically call on our Oracle coach to get a multi-time frame assessment on a long position. It does take a little bit of time. This is one thing that we're I'm working on to make sure it's sped up a little bit, but it's really cool that we're able to access.
23:39 There's there's a lot. I'm not going to say too much more. So let's go back over here. also check out the Better Traders Journal. it's way more than an app. Actually, you can just still get the hard copy on Amazon, print on demand, which is awesome. The journal was designed to help you understand the patterns and the decisions that you make as a trader, as an investor, to improve your decision-making ability, and to recognize patterns that have negative outcomes and consequences. I love this. Your P&L shows what happened, but your journal captures why.
24:14 So, you can get the journal for free on both the Apple App Store and also on Google Play. And I also want to encourage you guys that are eligible to sign up for Call Sheep Perry Perpetuals. There's a link down below. one of the main reasons why to do it is that there is a $500 trading bonus that's given away every single week on every single Sunday. So, all you have to do is use the link to sign up down below.
24:38 Trade $50 on Call Sheet Per in the week and you're automatically entered to win. I don't know who the winner was for Sunday, nor should you. Let me know in the comment section. I'll announce that once I get the the name from whoever is going to tell me at call sheet, but it's cool. And even if you don't win, you still get a $25 bonus if you trade $50 on call sheep per whether it's their, you know, crypto indices. Sorry, not crypto coins or its precious metals or its energy markets or it's their new indices that they have created which is pretty cool. Also, if you trade $50 on the prediction markets, then you'll also get a $25 bonus back. So, anyway, let's let's let's keep it going.
25:28 Let's let's let's keep it going. Let's let's let's keep it going. So, we're going to get into my picks first. if you guys have coins, charts, stocks, or tickers you're really interested in me reviewing in these videos, make sure to leave a comment down below. And if so, make sure that you also leave a comment as well and like the video. Subscribe if you haven't. Wait, leave a comment about a chart and then leave a comment. You don't have to leave two. Just one's fine.
25:54 And it would be great if you guys could share these videos or videos that you like on my channel, on your socials, with your friends, with your families to help me reach my target of hitting 100,000 subs this year. We have a lot of these orange charts. What does orange mean? Well, this is pertaining to the TBO close short, which we talked about already. I'm seeing a lot of these pop up, not on every single chart, but many charts are printing these, and these are bullish reversal signals. When we see these print, it matters how close they are printing to this green dotted line, which is TBO support. This is a pretty good one on XRP. The way that I trade these is I wait for the price to retrace back to the fast line. That's where I would grab an entry if I'm really excited about a chart. So, we're seeing it for XRP. We're seeing it for hype, which closed it. See this little pop that happened for like 4%, then it retraced back down to the fast line on the 4 hour time frame. That's our entry.
26:51 for Bitcoin Cash, there are two. Guess what? It's going to blow your mind. Two are better than one. You can take that to the bank. Pyth two. Akos Network, too. Now, there are other charts that happened, but I'm just trying to focus on the ones that are most interesting to me. something else that's really interesting that happened is that Dogecoin, Doggycoin, saw our TBO support line, which is this green dotted line here at 0069, moved up to the low on Monday.
27:25 This again tells us two things. Just like I talked about for the Dixie, when we see support move up, it's quite a bullish sign. as long as the price doesn't close below support, which would be very bearish. Now, there's a couple of other things that's really good about this chart. For starters, RSI printed another bullish RSI reset. It went just barely oversold on Sunday and it closed back above 25. So, this is a bullish RSI reset. It's good. Secondly, on the 4hour time frame, we don't have a closed short, but we do have a TBT bullish diversions printed on Tuesday's or sorry, this morning's 5 a.m. candle, which is interesting. It's actually a really good thing. Cardano, same story. support at 14 cents just moved up to 20 cents and the price wicked inside or rather into this support level. Now, that's not a good look. Even though we do have a bullish RSI reset, which is a pretty good one, Cardano now has to start making the trek all the way up to overhead resistance, which is going to be around 30 cents if it can if it can actually oscillate all the way back up, which is like a 40ish% 45% move from here. It's a pretty big feat to accomplish. Yes, we have TBT bullish divergence. It's not the same as a close short. It's not. So, there's still a chance that this could fall below because this going back to the idea of bull and bare flags. This is a bare flag because we're seeing what higher lows and higher highs and inevitably we lose support, test newly lost support, confirm as resistance, and then we go lower. But because I am hopelessly bullish right now on the market, I still think that this is a good dip by opportunity, albeit very risky.
29:16 Morpho also had a big jump in support. TBS support shot up from A161 to $2 on Monday's low. Again, if Morpho can push up inside of the cloud up above the 0.618 fib level at about $224, this is a very positive sign. Plus, this is the first time that Morphos's RSI has gone oversold on Sunday since way back over on June 23rd. And when that happened on June 23rd, man oh man, this thing just rocketed up. Amorpho is a really nice whippy chart. So, this is actually a very positive setup, I think. But again, if it closes below support, that is a very big sign of danger. S&P 6900. Yes, I'm still looking at this chart, even though I'm not really interested in it, but it's important to watch it just to get an idea of what's happening. We have a TBT bullish divergence on the daily time frame. Last time we saw one of these was back on August 7th. It was about a week and a half till it pumped.
30:12 before that was on June June 11th and a week later it popped before that April 7th and it rose up but the rest of the market was moving up during that time up until May 11th or so then it crashed. Now it's still an early bullish reversal sign. There's no reason to chase. It's not as good also as a close short. Close shorts are much better cards. Now, now we're getting into some really fun stuff. Cards fell down on the weekend on Saturday to the fast line.
30:45 Printed a TBT bearish divergence. Closing side of the cloud on Sunday. Monday was basically nothing. -oh. This chart's now starting to show some bearish vibes. Just so you know, the last several times we've seen a pullback. It just shoots right back up. Shoots right back up. Shoots right back up. Shoots right back up. And it's just a little bit tired right here. And I'm not counting it out. I still think that we're going to see one more push up. But here's what I'm I'm kind of hinting at. You might want to look at this as your last harrah because cards could be dropping a lot deeper after this next bounce. So there's clear resistance on the TBO at 35 and it's right now at basically 30 cents. So that's a nice, you know, 18 19% bounce and then take a little bit of profit.
31:36 Don't have to sell everything. So, taking partial profit on that move just like the last several times is good in case it goes up higher. And if that happens and you take some profit here and you had a stop loss down there, well, guess what? Now, you should move your stop loss to your entry just in case we get a pullback and things go a lot worse for carts. Barcoin, while it did not move down to support at around 11, it did go oversold on Sunday. it's not what I wanted. There you go. It went oversold on Sunday to 20.89, which is the lowest that we've seen on RSI since way back over here in the beginning of June. And it's also price-wise back where it was at the end of July where it rallied and bounced a lot higher. Not saying it has to do the same thing, but Farcoin is one of the more fun charts to trade just because of the huge oscillating moves that it makes. So, just keep an eye on it. No close shorts yet, but it's still interesting. beam.
32:36 So when we see charts that are strong bullish, which is me, which that sorry, which means English is fun. It's above the cloud. And we also see the slow line pointing up. You got these nice breakouts right here, the white dots. Why is this a cinnamon swirl? Just because art is fun with Trading View. We had a pullback on Sunday and Monday after hitting the fast line on Sunday. Even on Monday, it shot up 12% above Tibbo resistance. Now, seeing a TBD bearish divergence, what does that mean? It means it's a early bearish reversal warning. But the direction and the angle of the slow line matters a lot. If the slow line is angling up, which it is, we get a TBD bearish divergence, which we have, then this is telling us, yes, we could see a pullback soon, but it's not necessarily right now. But it's warning us, careful, remember to take profit on the way up.
33:32 That's that's really what it's telling us. It's not the same as a close long. say has fallen down to the bottom of the cloud. RSI is oversold. Monday clocked in at 19.85. it's also printed a an open short. Now, it should really be rejected here at the top of the cloud, but really it's the bottom of the cloud. it's also very oversold. I think from Thursday last week, it's down what 18%. We did have some warning signs. The TBL closed long is a very bearish reversal warning sign.
34:11 And when the price goes up to hit the fast line, which is what happened last week on Wednesday the 21st, that's our opportunity to get out or to reduce our position size. So, it's still quite bearish. There's kind of sort of support here at around 0.038. But yeah, now there's another major warning sign happening for Bitway, which wick towick had a pretty devastating dip of 48% on Monday. on the 4hour time frame, it fell right to TBO support. Got to love that. That's juicy right there. Not that I hadn't buy order, but it's still I just love that.
34:48 I need you guys to just hear me out. Bitway is just the new lab. Okay, Lab was incredible until it wasn't real fast. Lab moved up 11,000%. Okay, Bitway is the new Dexi, which moved up a crazy 1,200%. Lab is the new, you know, all those charts that just moved up way too high, which it has. I mean, Bitway has moved up in total 22,000%.
35:23 from a cent up to 260 or whatever. This is a bad sign. I would be cautious to buy the dip. If you really want to play the risk game, there's decent support here around 15 cents, but I would only be placing like a fat finger order there with a little bit of size. I wouldn't do anything down here to 1 cent just because that's silly. But it it's a very risky pullback here to be buying the dip on. zero has printed a second TBO closed long on Monday, which is a very bad sign because it's telling us that we could see a drop lower. Again, there's nothing wrong with just holding on to position and taking a little bit of profit out or rather reducing your position size on a return to the fast line at 1.817 today.
36:07 But also, there's nothing wrong with placing a DCA order at the bottom of the cloud, which is at 1.151. Knight closed. It's closed long. This is a place where if you're worried about the little pullback that we saw, this is where you would be reducing your position size because it's moved up to the fast line. Backpack BP has printed two nearly consecutive close longs. One on Saturday and another on Monday on falling volume in bearish consolidation mode.
36:40 Be careful. Be really careful. Salana still bearishly chopping, still looking pretty boring. not a whole lot happening. Saturday had a low down to 98.62. I don't think anything's going to happen until Solana drops to about $97 where there is decent support. Even though the support kind of got jacked up with all the price action here in August and shot up higher, but we'll see. also keep an eye on Jupiter, which is very interesting. it's about to react to or intersect with this historical level of overhead resistance which previously actually gave a really good response over here on Sunday the 18th where there's a little bit of a bounce up 28% or so. It's still shaky though.
37:32 no to some club picks. Aoz no big changes still macro bullish still in chop. fetch. We have a confirmed open short from the weekend on Sunday. RSI is almost oversold. I just want this thing to drop a little bit more. And then it's like, okay, there's our bullish buy the dip opportunity. And just because RSI goes below 25 does not mean we buy right away. Ideally, we want to buy when RSI crosses back up 25. That's the reset that we wait for. Litecoin confirmed an open short. So be it. So, it's a bearish confirmation signal, but we will inevitably see closed shorts, I think.
38:08 Ono is working on an open short today. Pepe is still strong bullish above the cloud, even though we have lots of warning signs on the 4hour time frame with a lot of close longs. Cubic, nothing is really happening here. I'm a little bit concerned about the chart just because when price action is just so boring and flat, usually there's a really big bid order that's supporting the price and all it takes is that big bid order to just go, "No, I'm good." And the price just tanks, which is exactly what we saw happen. Oh my gosh, what was it?
38:43 Oh my gosh. There was a chart last week that we're watching like that. and it lost support cuz it tested it over and over and over. I can't remember what it is. It's okay. to come back to me. Now, Cubic is oversold on RSI. If it confirms a bullish RSI reset, cool. That would be really great. That's our dip by confirmation. I don't know about rallying up to, you know, a million dollars from there. Or even just a cent cuz it's so so so so low. I mean, I don't think this chart even has a scent.
39:10 One penny would be have to go up. There we go. So, one penny, there we go. is 2.6 million% higher. No, Stark. Stark had a green close finally on Monday at 3%. Not big, not really that great, but on the hourly time frame, we're seeing a lot of these TB2 bullish divergences. Now, we've seen a lot of these clusters already print before, and we did see a little bit of a move.
39:45 little bit of a move, but not like the ultimate pico bottom. I get it. There are no close shorts on the 4hour time frame. I'd much rather see a closed short, but I still think that Stark is worth accumulating cuz I'm again thinking about like way later, like further in the future. Virtual is still strong bearish below the cloud. No real change on the 4hour time frame. No new closed shorts, just some scattered showers, scattered breakdowns. Zigg Chain took a pretty big drop over the weekend on Saturday. Sunday confirmed an open short. It's still holding above the 236. Hooray. But closing below that would be pretty rough. Again, I I still think that we're going to be seeing a drop down to support at 003417. And RSI is still oversold and it has been since Saturday the 17th of October. Apple printed another TB2 version. So, here's a great example, cuz we were looking at a chart before that had a TV2 bearish divergence, but an ascending slow line. It's like, oh no.
40:47 Well, we we could see a lot of these on an uptrend. It's not the same as seeing a closed long, the blue diamond, which has way more weight. It's another bearish RSI reset that Apple had last week. It's another TBD bearish versions. Oh, no. But it's still technically very strong bullish because all four lines are pointing up and the price is above the cloud. AI Infrastructure ETF. beautiful close on Monday, up 1.68%. Again, I'm just looking at everything right now as a buy the dip opportunity.
41:16 Why did AI stuff sell off? Because a couple of talking heads got loud. That's that's the main reason. So, it that that's there's no like supply problems. There's there's no one that's there's no actual real world issues. It's just talking heads talking shop. They're just they're basically just FDing the market to buy down lower. Is that basically what's happening? That's all FUD ever does, by the way. FUD is just market manipulation to scare the market, push prices lower so that way people can load up on cheaper prices.
41:46 That's just how it works. That's the name of the game. Amazon still has Why is that green? It should be blue. It has an a TBO close long from Thursday last week. So, we're waiting on the price to hit the fast line. It's just been a whole lot of chop, but the slow line is moving up. It still looks good and it's still very macro bullish on the weekly time frame. BN almost hit the fast line on Friday. It's still in bullish consolidation. That's excellent. It's a really good sign. Yes, it had a bearish RSI reset. I get it. on the weekly time frame, it closed just barely inside of the cloud. This chart is like super sketchy, man. It It really needs to push up a lot higher and fast in order for it to remain bullish or like even get back to being somewhat bullish. It's It's very dangerous still.
42:43 CIBR closed above the cloud on Friday. On Monday, it's still strong bullish. It has resistance right now at 110.68. Congrats. I mean, that's this is why we buy the dip. E3B. Wow, look at UDL stat just going higher. Nice 9% close. This is good stuff. Look at once volume now finally above its moving average which is in a death spiral on the weekly time frame. It's about to flake the fast line. Danger, danger. we could see a rejection here and it could drop lower.
43:17 Just saying. Before it goes higher. We do have two very good bullish reversal signs. Again, closed shorts are really, really exciting. E O A N confirmed an open long on Friday. So, it's still strong bullish. It's overbought and it has been since last Wednesday. Cool. On the weekly time frame, it's above the cloud. So, strong bullish. We just enjoy the ride. If you're worried about it, you can shave off a little bit of profit. on the weekly time frame, there's resistance at 19.965 on the daily at 20.37. So, around the same price.
43:50 ENRG still bullish very much. So, no real changes. It's crazy. GSK still in bullish consolidation with no touch or tag on the fast line. Wow. Onbalance volumes moving average is starting to slow down. It's a good sign. It just needs to curl up. On the weekly time frame, it needs to go above the weekly cloud, which the top of the cloud is at 51.77. Not that far away. Marll is still strong bullish on the weekly. It's above the cloud. On the daily time frame, it closed up green on Monday. still has to flick the fast line at 246.05.
44:25 Once it does that, it fulfills or closes the close long from Wednesday the 14th of October about 2 weeks ago. And then we see if it can hold above the cloud and push up another 13% higher or 14 15% higher to resistance at 283.9 pave. not a good looking chart. Three TBO breakdowns. They're not consecutive, but they're close enough. it's a really bad sign. It's also below support. this dotted line here for TBO support.
44:55 Yes, it moved down to the low on Monday. Hooray. We've already seen this happen before two times. Here on the 11th of September, here on the 21st of September. It's not a sign of, oh, yay, we're going up higher. It's a warning sign very much so. UMDV still strong bullish. It printed TBO resistance at a higher level on Friday this past weekend and now it just pushed it up to the high on Monday. Hooray. so we're looking at higher highs on the chart, lower highs on RSI. It's still good. Now, if you're worried about this not having the potential to push above resistance, which is another 1% higher, nothing wrong with reducing your position size here in case this oscillates back down another 7%.
45:41 Visa still very strong bullish. I mean Thursday's close was outrageous and now it's retracing back to the 1.272 fib extension. It's still looking good though. It it technically had a bearish RSI reset on Monday. The last time this happened was back over here on the 27th of August and it fell to the fast line a little bit deeper. I mean, if you're in the green and you're happy to just hold or you want to reduce your position sizing, cool, go for it. You can just free up those funds to buy on the dip, but there's I mean, it's very strong bullish. for some YouTube pics, I I'm pretty sure this is like what like Looney Tunes characters would say.
46:29 I still strong bullish on the daily. All balance volume is crazy bullish on the daily, on the weekly, get out of here. Why you guys care about like there's nothing to freak out about whatsoever on this chart. I I guess I'm assuming that you're afraid of what's happening, but no, this is an extremely bullish bullish bullish chart. if we were to do fibs, we snag the highest previous fib from June 2014 down to the lowest one here in March 2020.
47:01 You don't even have to tell me this is March 2020. I know the COVID crash. I know the danger. just make sure we got the Pico top. Yeah, we're good. So, zooming ahead. So, there's resistance for this chart up at 88.5, which is another 20-ish% higher. That's pretty amazing. It's very, very, very strong bullish. Pawns. well, pawns had a pretty amazing run, right? over here at the end of August 2500%.
47:37 then it flipped into the cloud which is a warning sign then it went below the cloud strong bearish and since then pawns is down 43%. Now we have higher lows on RSI 100% and lower lows on the chart which is bullish consolidation sorry bullish divergence. I just don't see enough excitement or energy around it. it just looks dead. Orio, maybe you guys know something I don't, but there's nothing wrong with a chart like this. All those upper wicks are great for AB trading. Like, this is a gem of a chart. Look at both directions, up and down. Wow. in terms of bullish momentum though, there is none.
48:26 index. This one's an old school coin. Index Cooperative actually was a DeFi token and you bought it and you staked it to earn a yield on something and it's basically just like it says it's an index of all these cryptocurrencies. The problem is that index has performed terribly like hideously. Yes, we have TBT bullish divergences and a cluster confirmed on the 17th of a August but it's only moved up 27% since then. This one is a very look into the tech, understand what this thing does before you buy some. I mean, it's there's nothing wrong with buying and trading and stuff like that.
49:07 but long-term, no future. No future. Ether TBO closed long on Sunday the 25th, the second one. So, it's a bearish reversal warning and the slow line is pointing down, which is bearish. Epic lost support. This isn't the chart I was thinking of before, but again, it's so important to see this. When we have long and strong TBO support, when the price closes below, prints a breakdown as well. Three TBO breakdowns in a row below support. That's crazy strong bearish. the only thing that could bring Epic Epic back would be an epic reversal in the market. Epic has done this before though. Like back over here, this is the 1010 dump. 88% down. In the last two weeks, it's down 78%.
50:00 There's nothing wrong with it, per se. I mean, if you really like dumpster diving, you found a gem. It's just you just can't get upset when you get dirty. Is that does that analogy make sense? Pump. pump is still it's in bearish consolidation mode. The slow line is moving up. well that's good. We have two warning signs. The TBO closed longs. We're working on an open short today. Okay. we already have a bullish RSI reset which is positive.
50:32 There's a lot of indecision though right now in terms of price action. On the weekly time frame it's technically still strong bullish because it's above the weekly cloud but we don't have enough history to really say oh yes. I would rather it not print an open short but I don't get to tell it what to do. But it is a bearish reversal warning. CAP had a very interesting move up over the weekend, Saturday to Sunday, up 54% and it literally pumped and then it dumped on Monday down 40%.
51:04 You guys can't be surprised by this. Like this is crypto. This is why I tell you guys just take some profits on the way up. There's nothing wrong. No one ever went broke taking a profit. dropping 40% and rocketing back up only to show weakness yet again. So brutal, but I mean it's good for trading. It just depends on your your outlook near. Someone was asking what's a bottom target? Well, if you really want to know TBO support on the daily time frame is at $158. I don't really think that's a likely target for it. That would be pretty doomsday like COVID style crash which I don't think we're going to have one of those at least for a while. The slow line is still moving up. So, it's macro bullish. The main problem is that we're looking at the price right now working on a close long which is bad.
51:56 We've talked about why this is bad. It's above the 0.5 fib level which is cool. it's technically very bullish on the weekly time frame still aside from a bearish RSI reset two weeks ago and RSI I'm sorry RSI TBR resistance moving up to 5.41 confirmed on last week's candle. The next real level of support honestly is probably going to be at the 382 fib level at $312 because we have a couple of reasons. Well, it's the fib fib retracements are pretty good. We also have some complimentary support here from the TBO. All these red lines here ranging from 327 down here to 302. I think that's a good target if things were to crash for near. the last time we saw a big pump and a retracement for near was back in June and it went all the way down to the bottom of the cloud to rally up higher. So that level right now is at 274, but it'll take a while for it to fall down that low, I think.
52:56 So, by the time it's there, we'll probably see the slow line match the 382 fib level around $312 ENA. lots of closed longs is not a good sign. The slow line pointing up is fantastic. It just needs to hold above the cloud, which would be really good on the weekly time frame. Yeah, it's macro bullish. Cool. it needs to really close and hold above historical TBL support which is now resistance at basically 25 cents which it failed to do the week of the 21st and the 28th of September as you can see from the rejection here but closing above that would be incredible then the next level of resistance is 311% higher at 85 peak after having a pretty amazing reversal rally back over on the 21st of August up 155% TV bearish divergences a cluster on the 12th and now three closed longs. That's a really bad sign. The last time we saw something similar to this, by the way, was in June and it fell down to the bottom of the cloud. So, are you prepared for it to fall down another 20% lower? So, this is why the close longs are helpful. They're bearish reversal warnings, not a guarantee. So, when we see these print, we should be looking to remove or rather reduce our position size when the price goes up to the fast line. And you've already had two warnings to do that back on the 19th of October and the 22nd. And the price has already hit the fast line twice. And now we have a third one.
54:22 S. There we go. Come on. Come on. TBO closed short on the daily close on Monday. That's a great sign, especially for a chart that's been so bearish. that's a crazy bullish RSI reset, too. and then going from oversold to overbought in a week. It's like a cryptocurrency. well, I mean, we've seen this price action before for this chart, too. I mean, look at the chart. Even without the TBO, I mean, whips and dips all over the place.
54:54 We saw a V-shaped recovery over here, 2025, March, another one over here in October 2025 to November. Even here, November 2024, just rocketed back up. I don't know what this thing is doing, but it it has V-shaped recovery written all over it. So, it's already started its V-shaped recovery. So, a good range to look to take profit would be around $28. Even without the TBO, that's super duper clear to me. In terms of historical levels of support, which are now resistance, there's pretty clear support here, which is now resistance around $24. So, just be aware. AX also looks like it's starting a V-shaped recovery. Hooray. Amazing. Make sure to take profits on the way up.
55:36 There are no guarantees. on the weekly time frame, it's strong bearish below the cloud. It's fallen down to where it previously was before back over in June. Careful careful time, but it's it's interesting. It's good for trading at least. And that's the important part. If you're trading, you should be enjoying moves like this because this is how you make some good money because when you're waiting for those patient oscillations to finally get to the max out point and you're not going to know when it's the actual bottom or the top, rarely will you know. And it's more about, okay, it's going lower, so I'm going to scale in as it goes down. It's going up higher. Okay, I'm going to scale out as it goes out. You're you're rarely going to be able to find the absolute pico top and sell exactly there for the highest possible profit or buy at the exact bottom. It's going to be really, really challenging to do that. But that's not really the game. The game is longevity.
56:26 The game is a marathon. The game is making sure that you're scaling in and scaling out and sticking to a system that works. So, this past Sunday, I made a video explaining the difference of the TBO Pro, which does give you an edge in terms of trend trading. We basically what I just shared with you is trend trading. It's just waiting for those those TRS and those peaks to reveal themselves. But how do you know when to scale it? How do you know if a move is overextended or maturing and all that fun stuff? This video will explain a lot of that and why the TBO Pro is so powerful at identifying these. So, watch this. Until the next time, you know what to do. Stay awesome and stay in the green. Peace.