Transcript
0:00 Hey guys, welcome back to the daily crypto market update. BTC closed down red on the day on Friday, but more importantly, not only did it close, or rather it print and open short, but it also went oversold on RSI. It doesn't get better than this. I know a lot of people are in disbelief right now and they're wondering, wait, how is this possible? Well, we've been waiting for Bitcoin to go oversold in RSI. This is actually a gift, especially heading into the weekend. Why? cuz this is stock market open on the weekend. Nope. So, that means crypto is going to have a lot of fun this weekend. It's going to go absolutely crazy and there are lots of bullish signals that are flashing right now. I am pumped and I am excited and you guys should be too because this is a gift of an opportunity. Now, in the short term, we have TBO support down here, this green dotted line at 57,800 or so. Let me zoom in a bit. and it's moving up to the low today so far at 77,271.
1:00 This doesn't matter until another 22 hours and 21 minutes later until today's candle closes and I won't be giving you guys an update. I actually have something even better for you in store for tomorrow that I am so pumped about because it's literally playing out just like I talked about earlier this week when I shared it with the club members. So, this the price of BTC could still drip and drop a little bit lower. I don't care. I literally don't care. And you know what? If it does, good. Great.
1:27 Let's drop down another 7% to this to the slow line here at 71 or 72K. Now, it literally is no different from the last time that we had a major drop because of what the market was doing back over here. We had the whole silvergate cryptobank attack essentially and we saw the market fall down about 22%. It took well actually not nearly as long as this is taking. That was only 22 bars but it was a pretty big drop.
1:59 If we fall anywhere close to the bottom of the cloud that's a massive buy to dip opportunity period. So even if that goes even if Bitcoin goes below support and it's established that would be bearish. But honestly this would just be a massive buy signal. Now I'm not buying Bitcoin right here. I'm actually buying alts instead. And I know I just lost like three of you because you're Bitcoin maxis and it's totally fine. But again, I think that you're able to make so much more money trading alts than BTC, especially at the moment that we are at the beginning of a recovery year, a recovery phase. Now, Ethereum had a really big drop on Thursday, down 4 1/2%. Yesterday, only closed down.34.
2:39 But the important thing is that it closed below support. But is it getting close to the TBS low line? It sure is. It just has to drop a little bit more, another 5%, then it hits that target and that would be amazing. Oh, you're probably wondering, wait, did the same thing happen back over in January? It sure did. I'll show you. Sorry, March 2023. So, this is all good. There's there's literally no problem with this whatsoever. If Ethereum happens to go a little bit lower, so be it. It's it's all good to me.
3:10 And we saw RSI go oversold on Thursday to 22.75. Went just a little bit lower to 21.99. We are still above the low from the 8th of October at 20.23. Guess what that means boys and girls? That's right. We are looking at higher lows on the chart. Well, higher lows for RSI and clearly lower lows on the chart. Gosh, isn't that bullish divergence? Is is is is that what I think it is? Yes, exactly is what it is. So, again, things are looking great. Look at the volume coming in. Okay, this alone should get you excited. Not like it's an amazing staggering amount. It'd be so much better if it was like this huge, huge pump of volume, but any volume is good volume, even if it's selling. So, this is all good. Like there's no real reason to freak out right now, I think, about Ethereum or Bitcoin, but it's not really where the action is at all. And I'll prove to you why. This right here, boom, 100%. We can finish the video right here.
4:16 Bitcoin dominance closed down half a percent on Friday and it printed a TBT bearish divergence, closing inside of the cloud, which means that it's in bearish consolidation. And guess what? We just got ourselves a confirmation ticket to go all the way down to the bottom of the cloud somewhere down here to like 58%. Just like last time and just like over here except this is happening even better. The conditions right now are just so so good. Now we are very close to going oversold on RSI. Not there yet but very close. I don't want to see that cuz again that's a bullish RSI reset. We could see it bounce from there. So, for now, Bitcoin dominance has fallen just below historical support at around 60.24%.
5:07 Okay, but it's inside the cloud. We're in bearish consolidation mode. I just want to see this dump a lot lower, but it gets better. So, stable coin dominance went overbought at 71.1, just below 71.15 on the 8th of October. So, what do we have? a higher high on the chart and a lower high on RSI. That's bearish divergence. So again, we are so so so so so close for stable coin dominance to flick the fast line on the weekly time frame. This is the scenario that we've been talking about for the last four weeks. I made a video 3 or 4 weeks ago talking about this exact scenario playing out. And here we are.
5:54 And the beautiful part is that as soon as this gets flicked, we're done. We have confirmation that the bottom's in and then we can go crazy and we can enjoy the V-shaped recovery. Now looking at totally 50D on the daily time frame. We have a TBO open short confirmed on Thursday's dropped 3.2% which is a lot and miraculously totally 50 just bounces back 2.6%. What's going on? How is that possible? It's almost like you guys aren't listening to how good this situation is.
6:26 Yes, we've been looking at draw down. Yes, we've been looking at all this stuff. But this is the exact reason why I've been saying this is why we use spot DCA to buy the dip and to hold patiently waiting. And then that's it. That that's the game. That is literally the game for the next about 2 years. After about 2 years, that's we're going to have to be a little bit more conservative. We're going to have to be much more cautious or much more aggressively scaling out. But right now, we should be aggressively scaling into a lot of stuff. And did you notice TBO support from 1.45% just moved up to the low on Friday at 1.58%. Now, it's still technically strong bearish, but we do have a glorious bullish RSI reset. The last one, just in case you're wondering, was back over here on the 21st of August, and then we saw a glorious pump.
7:25 I don't think this is different at all. Totally 100. Same thing. Actually, this one had not just a bullish RSI reset. It also saw TBO support drop down to a new low.24%. So, basically, it respected TBO support. It didn't close below it. Oh, and it gets better. Others dominance pumped 2.65% yesterday. Yes, a 2% pump on a dominance chart. Yes, that is technically a very big pump. It is not only above our bull flag.
8:09 It's above the cloud. It printed a TBT bullish divergence as well, which is amazing. This is This is good stuff. This right here is the good sauce. Okay, we are oversold. Trust me, I'm 100% aware that we just closed at 70.08. Just barely. Oh, sorry. Overbought. Excuse me. But this is crazy good. Anytime we're back above the cloud, we're strong bullish. This this is enough to end the video again. But there's more. Totally ES. the total crypto market was sweeting stables given the incredible sell-off that we saw in Tradfi on Friday. Held up like a mother loving champ. Look at this. What is this? A Zoolander dump. It's a pullback for ants. What is this? And almost oversold. Oh my gosh. 25.23.
9:10 but seriously, this is incredible. TBO support could be moving up to today's low. It's the weekend. Things are going to go crazy. And not on that chart. It's going to go crazy on this chart. Totally 50, which did see support move up, which did have a bullish RSI reset. Totally 100, which did have a bullish RSI reset. Others, no, none of that, but it's still I know a lot of people are salty and sour and bitter because you guys are using vinegar for mouthwash. I mean, I don't know what else to tell you right now. Just crack open a little bit of Coca-Cola. That's going to be a better mouthwash for you right there. It's going to kill everything in your mouth and in your gut. But this is good. This is literally amazing. Oh, and by the way, on balance volume is about to go other BTC.
10:07 I don't think a lot of you get it and that's okay. You're going to find out just like you found out back over here when I was saying the same. You can go back to my videos at the end of August. I was saying you guys aren't ready. You're not ready for what's coming up next. Things are going to get insane and out of hand real fast. We're about to see a repeat of that because we're back to being strong bullish TBT bullish divergence total 3 ES BTC. Now, this one's a little bit weaker, and this is why I keep talking about the importance of everything below the top 10 and everything above because total 3 ESBTC is basically everything above the top 10. Oh, I'm sorry. Total 3 ESBTC is the total market cap of everything excluding Bitcoin, Ethereum, and stable coins. So, the difference in price is massive.
11:01 others BTC is at 0.14 bitcoin and then total 3 yesc is at30. So basically everything above the top 10 excluding bitcoin and ethereum is worth about.16 bitcoin. So when we see yes a bullish divergence hoay that's good but it ain't as good as this chart man. So this is why I keep talking about low caps. This is why I keep getting really excited talking about altcoins because that's where the money is. Now, we do need to talk about Trafi. they had a pretty disastrous Friday. They'll get over it. It'll be totally fine. Not worried in the least. The Dixie is looking okay. It almost closed inside of the cloud. It was so close, but it just wicked down inside of the cloud. Don't worry, it'll get there. This is also normal as well. Well, we saw the same thing happening back over here in March of this year. Same thing happening back over here in July of this year. So, it's it's really no different.
12:05 The euro, yep, still extremely overextended. Still very much due for a flick of the fast line or going up to the top of the cloud at 1.15. US GPY went back up inside of the cloud, but it already has bearish momentum. very clear that it's at the top of the roller coaster here on all bounce volumes moving average which is curling down. Also, if we look at the daily time frame, do you notice anything about the cloud? Mhm. The slow line which was flat is now starting to descend. So, it's starting to turn into being strong bearish. Now, S&P futures dropping down 1.24%. It's a pretty big drop. It is.
12:44 And it went below the cloud. And that's a pretty incredible feat because the last time this happened was way back over here in March. And we did end up seeing it fall down another 7% over about a month. But the conditions back then were way different than what they are right now. The reason for the dump right now is mostly AI, tech, chips, stuff like that. Whatever. We'll recover. But it's not like this greater, oh no, what's going to happen? This is just another sell-off. Like we've seen so many sell-offs, and every selloff is an opportunity in disguise. I'm not kidding. Now, on the weekly time frame, I'm going to give you two good targets for S&P futures to check out. The first one is not that far below. the first one is at 7,482, and the next one is at 7,370, which isn't again not that far at all.
13:28 that's another what 1.7% down to 3% or so. But those are good midterm targets. Literally midfast, mid slow, and then the slow line way down here. I don't think we're going to see S&P futures drop down to 6,600. No. Now, the VIX, the volatility index of the S&P 500 did exactly what I was talking about in my market analysis yesterday. for the better traders club members, it wicked up into our rejection zone. And the reason why it's called a rejection zone is because the VIX doesn't stay up here. We'll get some flicks. We'll get some wicks up here, but inevitably it cools off. So, no, I'm not really worried about this at all whatsoever.
14:05 Getting a wick up there, it doesn't really matter. It could close up there. It doesn't really matter. It's just a buy the dip opportunity. And that's exactly what this zone is. Whenever we see the VIX getting super crazy overheated above 22, it's a buy the dip moment, hands down. Period. That's all it is. The NASDAQ closed below the cloud on Friday. That's historic cuz the last time it closed below the cloud was well well it went it moved back into the cloud finally. we'll we'll say this date on the 7th of April, but the first time it fell below the cloud last time that actually started to cause some damage was back over here in February. So yes, we are looking at a very strong short-term selloff. We're looking at a lower low on the chart and a higher low on RSI. On balance volume is looking a little bit top of the roller coastery on the weekly time frame. It's inside of the cloud, but it has been for the last 2 weeks. So it's in bearish consolidation mode. Doesn't really matter to me. Doesn't doesn't really change anything. It is already to the midfast line at 28,158.
15:07 The next level of support is at 27,444. Enjoy. Yum, yum, yum. the fang index is at the bottom of the cloud. It's also oversold on RSI at 21.79. That is a gift. The last time it was oversold on RSI, my gosh, was way back over here, the 30th of March, and it was way back on this big dip, and it went well below the cloud, and then it ripped up higher. That's the moral of the story right now is just is by the dip. I I don't know how else to explain it to put in prettier words. Now, Nvidia isn't actually the problem. It's a lot of other stocks, but the fact that Nvidia not only gapped down and it closed below our short-term support, it's insane to me because we're looking at RSI at 26.98.
16:01 So, lower low on the chart, higher low RSI, top of the roller coaster. Yes. On the weekly time frame, do we have a closed long? Yes, we do. Oh, no. Just like back over here in March and then about two weeks later, we saw it rocket back up in total 40% higher. If things get any worse, I mean, let me say it this way. We have never seen this, not never, we haven't seen Nvidia go below the weekly cloud since the first time it dropped below it back over here in June 2022.
16:39 We're fine. It's a news driven It's a news-driven sell-off. And I'm really worried. Not really freaking out. oil. Interesting though that oil did not push up higher. It wicked up higher to 104.99, but it didn't necessarily push up that much higher. And RSI is putting in a lower high as well. I mean, still very strong bullish. Now we should be getting our X. No X yet. That's hilarious. Okay.
17:10 Well, that's all right. Now, one thing that is getting a lot of people concerned, and I do think it is odd, is the fact that we're seeing a big sell off in tech, and we're not seeing a flight to safety, as in gold. Gold actually dropped big time on Friday, 3.6%. Dropping far below TBO support, far below the low that was established on the 30th of June. That's a pretty big deal. And it is oversold on RSI at 21.06. This is the lowest that we've seen it since back over here in June of this year. That's a that's a very very very big drop. It is. Now, another thing that's really interesting about gold right now, I was going to delete that for a second. Yes. The other thing that's really interesting is that it is oversold on RSI. Now, this is an opportunity. It's gold.
18:01 It's a very reliable long-term asset. Has it had a crazy parabolic run for a long time? Mhm. Could it go lower? It could. It really could. It could go down here to the slow line, maybe 3366. But the bigger thing is that it's a short-term overbought. Sorry, short-term oversold market on the weekly time frame. The last couple times it's been oversold. It stayed oversold for like 2 weeks max, then it bounced up. So, I'm still looking at this as an oversold market. I I think that we're going to see a dip by opportunity, or rather, this is a dip by opportunity.
18:36 silver closed below the previous all-time high back over here, set in April 2011, closing down at 49 something or other, and oversold on weekly RSI at 19.35, which is the lowest that we've seen since July 2022. Again, this is like a historic opportunity. That's how you have to look at everything right now. It's a massive opportunity. Platinum is also extremely oversold, but miraculously oversold right to this level of overhead resistance. Now, you got to love stuff like this, man. What a beautiful dip by opportunity. Like, that is literally It doesn't get cleaner than that. Crazy oversold on the daily. It's oversold on the weekly as well. crazy oversold at 15.45, just as much as it was back over here in March 2020. Okay, this is an even better look at this. The week of the COVID crash is the last time that weekly RSI was this oversold. And this is where we are now.
19:40 I I understand that a lot of people can feel nervous about the markets. I get it. But this is exactly what we prep you for at the Better Traders. This is exactly what we talk about. This is why we do what we do is to help you guys understand how to make sense of a non a seemingly nonsensical market and to prepare yourself in your portfolio for buying the dips and selling the rips. And that's exactly what's happening right now. And the best place for you to start for that is to go to the better traders club. it's way more than a Discord server. I cannot wait to share all the stuff that we are working on right now. I am so excited for so many reasons. For the community aspect, for the charting aspect, for signals, alerts, like all the stuff that's available right now on Discord. It's great. It really is. But there's so much more potential that I'm going to stop. I'm going to stop. Also, check out the Better Traders Journal app. It's fantastic. It's free on both the Apple App Store and also on Google Play. go ahead and download it for free. yeah. I can't say anything else, can I? but it's fantastic. You don't have to pay for the pro version. Actually, don't want you to because the pro upgrade is only worth it after using the app for 10 days. So, just use the app. If you like the app and you want to get some pro insights based off of your performance and your entries, then you can do the upgrade. I also want to remind you guys that there's also the where is it? over here, the recovery year playbook. This one is a free resource to anybody. So, if you just go to our website, you go to the tools drop down, you go to recovery year playbook, you can get it for free. It's basically giving you an understanding and a framework in which to be successful during this recovery year or recovery period, recovery phase, however you want to say it, but it's fantastic. So, make sure that you grab it. It's free and you get the link down below. Also, for all of you that are eligible to sign up for a call sheet, I would strongly recommend you do so mainly because of the $500 training bonus, which is very generous and it happens every single Sunday. So, every single Sunday, somebody's winning. So, for all of you that are trading $50 in Culs, if you haven't won yet, just and again, I'm not forcing you to trade, nor am I asking you to force yourself to trade, but when you do, you're automatically entered into this trading bonus giveaway. So, make sure to check your emails on Sundays to see if you've won. And then, even if you don't win, when you sign up and you've not made an account yet with Colshi and you use my link and you trade $50, then you're also going to get a $25 bonus kickback, which is awesome. And that works for both the perpetual futures markets and it's going to work as well for the prediction markets. But there is a big difference. the the markets like this. Just understand like if you put a bet in here for like the the 76ers to win and they don't win, you lose the money. Whereas with trading on PERS, if you have a stop-loss and your stop loss gets triggered, so be it.
22:54 It's done. No biggie. And you still have most your portfolio. So, there's a big difference between the two. Just want to make that distinction very, very clear. Okay. So, I don't have any picks today because there's so many club pickics and YouTube picks. I just want to get to what you guys have. I also want to keep this video kind of short. but if you guys like this kind of stuff, if you want me to review coins and charts and tickers that you're interested in, leave a comment, like the video, subscribe if you haven't, follow on X, and then consider reposting, retweeting, or resharing this video or other videos on my channel, on your socials, with your friends, with your friends, with your families to help me reach my target of hitting 100,000 subs this year. All right, let's go.
23:32 So obviously we're going to see some crazy stuff happening in the stock market. Not everywhere, which is really interesting. It just seems like a couple of tickers really got the brunt of the move, but that's okay. We're going to look at a lot of these anyway. So I want to help you understand a couple of things in terms of of opportun yeah opportunities to identify how how you could use them without even the TBO. So, I love using RSI, relative strength index is the best. it's a free indicator. It's fantastic. I use it with a length of seven for the stock market.
24:06 Maybe you want to use something a little bit less aggressive like 14, but I still think it's good. On balance volume is also another very good free indicator that basically does cumulative volume day over day over day. And I like to apply a 21 SMA. Yes, that rhymes. And I made that sure that it rhymed on purpose. Nope, can't do that. I don't have that level of foresight. But it's great to show you the momentum in terms of who's in control, buyers or sellers.
24:32 And then our free TBT based to quote currency converter. This is mostly helpful for crypto because it automatically converts the quote currency for like a cryptocurrency pair like flow. USDT would be the quote currency and flow would be the base currency. So it helps you to see how much is being traded. That's all. So using just those three indicators, not even the TBO. looking at a lot of these charts, what I like to do, especially for the stock market, is just to zoom out. now there are a couple of warning signs happening for some charts like this. This is what I call top of the roller coaster. So, when the moving average here on the weekly time frame, which takes a lot of energy and time to actually curl it down, starts to curl, know that we're getting pretty strong bearish. It's not the end of the world. And just because we're strong bearish doesn't mean we won't have these little reverse rallies up. So, that's the main thing right now that makes a lot of sense. You're going to be running into a lot of dip buy opportunities and we want to use historical levels of pricebased support. You can even see it here on the chart where all this price action stopped around 178. So, that'd be the next logical target to check for that. It also is supported by the TBO.
25:38 We have all these red dotted lines which is TBO resistance. So, it's a good entry level there. Micro Strategy. I'm actually quite fascinated that Micro Strategy isn't dumping more. Honestly, would have assumed that it would go a lot lower. Now, when we're talking about the TBO, this is something that I've been talking about a lot lately. These TBO clos longs are bearish reversal warning alerts. We need to respect them, especially on the daily time frame. If we see more than one of these in a short amount of time, that's a cluster and that's a big warning sign. So now that we're looking at Micro Strategy below the cloud, it's technically strong bearish, which is as bad as it sounds.
26:13 It's not oversold on RSI yet either, which is no good. Why is that no good? I would much rather the price be below the cloud and oversold on RSI because if it is, then it's more likely to see a dip by or a bounce opportunity happen. Coinbase fell perfectly to TBO support at 139.18. Boy, it's a good thing that Binance doesn't have a stock, right? Coinbase dropped also on RSI to 20.52. It's a massive opportunity. Every single previous oversold moment on RSI provided an incredible dip by opportunity. So, the fact that it fell down to support, the fact that it's oversold on RSI is a good short-term buy the dip opportunity.
26:56 Circle, this one has fallen just a little bit. it looks to me like it's going to be dropping down here to TBO support, which is at 6507. It's not yet oversold. Onbalance volume is starting to lean down. So, it is bearish. So, that's why I think that falling down a little bit more would make sense. Microsoft holding up like a champ. they have narrowly escaped death death by chip manufacturers, but they're holding up really well. It's good. So, it's still basically strong bullish even though we have TBT bearish divergences and clusters. These yellow tabs right there are from the pro indicator right here, TBT divergence.
27:30 and it just converts a TBT bearish divergence into a cluster just to highlight the fact that this is a there's a big warning signal but it's still macro bullish oko is very strong bearish still I'm curious to see with the pro yeah we're already crazy overextended so right now just to help you guys understand let me hide this for a second so up here this is the TVO pro indicator I made a video about this last weekend I'll talk about it at the end of the video it just helps us to highlight these moments where we can recognize that there's just we've moved too far in one direction whether it's bullish or bearish. Right? So, right now we know that we've seen a maturing and an extended alert on this chart that we're already two times above the baseline in terms of time below or above the cloud based on the last 18 trends.
28:20 And we're also 2 and 1 half times above the baseline for moves in terms of price. So, this is a very overextended chart, meaning that it's a very, very nice buy the dip opportunity. That's the way I would interpret it. Micron had a little bit of a dip. Honestly, not that bad compared to so many others. It's still inside of the cloud. It actually fell right to the slow line on the daily time frame. Wow. Wow. Wow.
28:47 Wow. Still looking good. Rocket Lab oscillated back up to the fast line and then it dropped back down. Not really surprised. This has been the case for this chart for quite a while. It just loves to oscillate like this. So, we should be looking for another drop down to $49, maybe a little bit lower to 45 and then seeing it bounce back up again. double Z 2Z. as I said before, when this chart lost support back over here, this is a big warning sign that I told you guys, like I know you might think this is still a good dip by opportunity. It's It's not a good dip by, it's a good buy.
29:19 Then we had TBO breakdowns. It's very very very overextended. I'll I'll grant you that. Okay. I am surprised. Oh, we don't have enough information. So we don't have enough data here. We only have five trends. So we can't get the the M and the X, all that fun stuff. But it's crazy overextended, that's for sure. Is it due for a bounce? Well, one positive sign about is that on balance volume kind of sort of slowing down.
29:43 It's not mega dumping, but it's still very strong bearish flow. this is one that I've been running a DCA bot on for fun. and it has been really fun. It actually dipped down a lot lower on Friday to Oh, and I lost all of my There we go. All right. It dropped down to 002122. Cool. RSI put in a lower low on Thursday at 14.61 and it moved above that. Here's the thing. We're going to see it flip the script. We are already oversold and now we're looking at lower highs, extremely lower highs or extreme lower highs or lower lows, however you want to say it. And then we're going to see it go. It's going to flip back up.
30:24 It's just a matter of time. And it's also still holding and hovering around TBO support at 2 cents. AI or I fell down to TBO support. So my video yesterday telling you guys, I mean, look for entries around TBO support. Like that's a beautiful opportunity right there for I. It's only up 4%. It did print a TBO. I'm sorry. A bullish RSI reset though. That's great. Pump. pump is looking fantastic still. Yes, I'm serious. 100 1 million%. It only fell down 13% on Thursday. It closed up 5.6% with everything going on right now.
31:00 No, it's amazing. Penu again, incredible. Dropped 11% on Thursday, wicked lower, but it still closed back up 6% on Friday. That's absolutely in. You guys have no idea how insane this is. This is amazing. Bonk, similar story, bounced back. Venice token. Yeah, it dropped 8% on Thursday, but it held up like a champ inside of the cloud. It's in bearish consolidation mode. We already had three warning shots. 1 2 3 TBO close longs. So, we know to be a little bit more cautious and careful. But look at on bounce volume curling up. The moving average is selling us. The buyers are in control right now. Believe it or not, hyperlid come on. It had TVD bullish diversions on Tuesday this week while the slow line is ascending which is bullish. Pumped on Thursday up to resistance and it still held up 1% and it's working on an open long right now.
31:55 Fetch closed up green on the day 2% and it also saw our long level of TBO support which was established back on the 19th of August move up. I know it's still strong bearish. I know things are still feeling like blleh. Not so great. But guys, considering everything that's happening right now, these charts are holding up beautifully. Beautifully. Binance was just hacked for how much? $6 billion. Trafi is seeing charts that are just absolutely dumping like to gehenna to shol like it's is bad. Read your bible you'll know what those mean. Okay. aerod drum. this one is oversold. Actually put in a lower low on Friday at 22.66. Looks like it's it's going to put in a bullish RSI reset and support's going to jump from 40 cents up to 61 cents.
32:46 We already got that TBO support jump on Filecoin from 62 cents to 72 cents yesterday and a bullish RSI reset. Say bullish RSI reset. Sooie bullish RSI reset and TVO support jumped up and it moved down to the bottom of the cloud. Per which is the hyperlid ETF had a beautiful pump on Thursday because it's again lead to the price action of hyperl still looking great. It's almost like the slow line helps us understand that the macro trend wins in the end. H Unusual Machines printed a TBO breakdown on a 10% drop yesterday. It's pretty massive. It's a pretty big deal on the weekly time frame. It is below the cloud charts below the cloud. The weekly cloud is a very strong bearish sign. So, where can we look for support on this one? Well, it already lost support. this one has been hurting for a while. Go like right there. So, it lost our pullback zone area this week, which is too bad.
33:51 Doesn't mean it can't bounce back, but it's you should just pump the brakes on this one. And it's already been super strong bearish in terms of on balance volume and that momentum. Airbnb only down 1% on the day. Macro bullish with the TBO on the weekly. Still strong bullish above the weekly cloud. AVGO broadcom still strong bearish. Remember a lot of these charts when they're macro bearish or they're falling below the cloud, they love to oscillate either to the top of the cloud or to the fast line and then they pull back. It's normal. So just expect it, look at it, and you'll see and you'll recognize pretty pretty quickly that they just love to oscillate up and down, up and down. So, if we've already oscillated up and down, we might dip a little bit more, but then the next move is to go back up Amazon. beautiful close on Friday. Good grief. Up, it says negative 1.4. Well, it's because of the funny business. the candle close actually was up 3%. It finally filled the gap from way back over here in July and it also wicked into TBO support and bounced off of it. Come on. On the weekly cloud, it is looking amazing. Is good stuff.
35:07 Yeah, it's a closed long on the weekly. Yeah, but I mean that's a beautiful bounce. Space X closed down on the day 6%. It lost the 382 fib level. So be it. It looks like it's going to drop down here to the 236 fib level at 125 and that means it's going to go oversold on RSI which means buy the dip. Galaxy Digital. I mean, come on. We didn't necessarily get an exact perfect test of loss support, but that's that's pretty good. I mean, yikes on the weekly time frame. So, I'll say I'll say the good things that are happening.
35:48 Let's try to stay bullish. Okay. let's try. This is the first bullish RSI reset we've seen on Galaxy Digital's weekly chart since back over in March 2025 when all the CO not the co excuse me the the tariff fears were happening. Huge dip by opportunity and it rallied up massively. Again, what's driving this sell-off right now? It's just news. It's not a mysterious pandemic. It's not uncertain tariffs. It's just news. So, yes, it's bearish. It's very strong bearish.
36:18 Support on the weekly though did jump up from $2 up to $14. We did see a bullish RSI reset the first time in over a year and a half. That's a big deal. Palanteer dropped 6% on the day. Close long on the daily time frame. Not really surprised, but it's still strong bullish macro bullish to be exact. Hood fell down to our price base support level here at 83.68. That's a buy the dip opportunity. It's oversold just like the last time. I mean, I don't know what to tell you.
36:47 Marll has another upper gap at 213 or so. TBO open short confirmed. It's putting in a lower low on the chart and a higher low on RSI on the weekly time frame. It's inside the cloud. Okay, I'll give you that. It's a bearish consolidation, but it's just short-term oversold. Axon still inside the cloud. It's still in bullish consolidation mode. CRK support just jumped from $44 up to $61. Just had another bullish RSI reset. Again, these are massive buy the dip opportunities all over the place. Redcat holding still strong bearish. Anytime we get a strong bearish chart and a counter trend move up to the fast line, which is exactly what happened on Thursday, we look to just snip a little bit of profit out of that position. Cubits still very strong bearish, still below the cloud on the weekly time frame. It's below the weekly cloud and it's oversold on RSI because we haven't had a bullish RSI right now. It hits 18.75 lower than what we saw back on in March of this year.
37:50 That's a bad sign that it could go a lot lower. The next level of historical support is here at $6. So that's that's rough. Net, which is Cloud Flare, down 13% this week, down 9% alone on Friday. TBO closed long on Wednesday and then I'm sorry. Yeah, closed long and then an open short on Friday. Is bearish. It's at the bottom of the cloud. Last time this happened, it dipped a little bit lower, then it shot back up. So, it's a buy the dip opportunity. NBIS, still very strong bearish below the cloud on the weekly time frame. Still waiting for it to flick that fast line, but considering everything else, it's holding up really well. RDW, red wire, flicked the fast line on Thursday.
38:35 Amazing. The slow line is technically flat, which is good. So, we can see this thing bounce back higher. And at least it's not putting in a lower low. That's positive. On the weekly time frame though, it's strong bearish below the cloud. it desperately needs to bounce from this price based level of support. And if it does, the next level would be about 55% higher, about $12 or $13 fly. moved up inside of the cloud this week, Tuesday, Wednesday, Thursday, dropped below on Friday, but still holding up beautifully. The slow line is starting to curl down a bit. that onbalance volume has left them quite bearish, but I still think this again, a lot of these charts are coming down to these levels of historical support and they're going to see a pretty good bounce. ENP has a gap to fill from Tuesday to Wednesday of this week. It already went oversold previous to all the stuff that's happening, but it's strong bearish. So, when we see a pump or a move up to the fast line, which by the time that happens, it most likely won't be 30.21, 21. But that should be a take-profit opportunity or if you're going to be shorting a good opportunity to short the market. Invert the chart if you're ever unsure. It's crazy strong bullish. So, we would want to be buying on the fast line and then riding the next move up except it's down.
39:50 Forinet crazy gap on Wednesday to to Thursday from 173 to 139. Strong bearish below the cloud oversold on RSI for the first time since August 2025. Wow. Wow. Wow. Wow. Crazy. That's a big fat close long on the weekly and we had a TBT bearish divergence just two weeks ago warning us.
40:21 So the weekly chart is showing support here. There's historical TBO support around 110. Crowd Strike, held up really well, actually. It's amazing. just dropped 4% or so, but the slow line is still very strong bullish. CBRS closed up green on the day, but very strong bearish on the daily. And on the weekly, it's still very oversold. So, the weekly RSI when it's below 25, it can keep going a lot lower. So, be careful. We want to wait for some sort of bullish reversal sign or energy.
40:52 Service Now had a massive gap down from 148 to 121. It dropped even more on Friday. Not surprised, but it didn't drop as much. RSI has oversold at 15.15, the lowest level that we've seen since April 2026. Looks like it's going to be heading back to support at 89.20 where we could get another ride up. SoFi already had a nice gap up, nice change of pace and it fell back inside the cloud. That's amazing. But I mean the fact that moved to the top of the cloud is where we should be taking a little bit of profit just because it's still strong bearish.
41:28 Pan W close long confirmed on the daily time frame on Friday. the slow line is still very strong bullish on the weekly time frame. Crazy strong bullish. A TBT bearish divergence is not the same as a cluster. So the cluster that we saw for not this one. Oh, there we go. FTNT. Well, this is concerning as well for Crowd Strike. but this is not the same as these guys. Okay, so for PANW, we're seeing two TBT bull bearish divergences on the weekly.
42:00 Yes, those are warning signs, but if we see a cluster, pay way more attention. We haven't seen that yet. GitLab fell down 4 and a half% but still crazy strong bullish on the daily time frame and very strong bullish on the weekly as well by the dip. Salesforce CRM still holding up like a champ. It's basically going to fall down to this level here from September and bounce back up by the looks of it. I mean, if it hits the fast line at 219.61, then that closes the close short from the 17th of August.
42:29 It's it's all good. UPXI strong bearish on the daily time, sorry, on the weekly time frame. Slow line is crazy bearish, but it's down to TBL support. Like, this is the same place where it bounced before and it's putting in a higher low on RSI. Like that's a nice buy the dip opportunity. FIGR very strong bearish heading into uncharted territory. It's just going and going and going. It's better just to wait to see what's going to happen next. I it you could try to plot out where you think it's going to go. Just let the market tell you. And it's oversold on weekly RSI which means it should go a lot lower. Light U closed last week's closed long. That's exciting. That's good. I'm sure this market is not feeling really positive right now, but it it's holding up really well considering everything that's going on.
43:21 SK Highex gapped down again on Friday from 164 down to 149. So be it. I mean, this is honestly this is good for trading. No one wants to talk about how good this is in terms of trading because the volatility is the life blood of every single trader. So, this is good. LEN confirmed an open long on Friday and it's above the cloud for the first time. Oh my gosh, since back over here on the 12th of February, very shortlived and it fell back over here in January. Same thing. So, be careful, be aware. Oracle back below the cloud. we technically closed the close short from Wednesday.
44:07 It's it's still strong bearish on the daily. On the weekly it's strong bearish. yeah, I think it grabbing support down here at 122 would be a little bit better. And coreweave still strong bearish. We had a little bit of a bounce up this week and it took it away, but it's holding up well. I mean, at least it's not oversold on a weekly time frame. You have to look for the silver linings. Okay, now looking at some YouTube picks. Ether is working on an open short today.
44:38 Not really surprised. It fell down though to the bottom of the cloud yesterday. That's a great entry opportunity. If it happens to go down to support at 0.003727, that's a huge buy the dip opportunity. World Coin closed up green on the day on Friday, 6%. Also support jumped from 30 cents to 36 cents and a bullish RSI reset. by the way, remember this zone up here? I was like, "Hey guys, just so you know, this has been a very difficult zone, an area for World Coin to not be able to break above on the last rally in June.
45:12 Just saying. Credo back at TBO support or historical TBO support. It hasn't moved back up to flick the fast line. Well, it kind of sort of did on Wednesday, but it fell right back down. Again, you want to find oscillating charts like this that are giving cuz they're just fun to trade. CO HR coherent group gapped down but it fell to support falling to TBO support man like that and putting in a higher low on RSI is amazing. It's still due for a bounce up to the weekly fast line because of the closed long from 3 weeks ago. Now Intel well good news is that Intel closed the gap that really shouldn't have been there and now it has what's even better an upper gap. And the reason why I like upper gaps is that it gives all of you bulls a target to the upside which is n 90.84 crazy oversold short term. Everyone's panicking. Everyone's freaking out. This is the time to get excited. It's not even oversold on weekly RSI yet. So it closed the gap from over here in April.
46:18 It's very strong bearish, but it's irrationally oversold. Have fun on Monday Trafi guys. You're going to love it. Google already gapped down this week on Tuesday to Wednesday. So, we have an upper gap at 3:22 and two TBO breakdowns went oversold even more. And it's hilarious to me because the price is about to visit where it was in the last pullback in March where there's TBO support at 276. Enjoy UPS TBT bullish diversions cluster on Tuesday this week now with the slow line still pointing down but it's flattening out. It's actually pretty interesting and we're getting higher lows on RSI. Hey balance volume is actually turning up.
47:06 That's amazing. That's actually really good. And Pyth closed long on Thursday down 14% closed green on the day Friday. It's going to go back up to the fast line, but when it does, that's an opportunity to shave off some profit, not to go crazy long. Arbitum confirmed an open short on Friday, but it's still bullish. It's insane. Last, but not least, Syrup is still very oversold. Closed screen, that's actually a hammer, believe it or not. hammer is a Japanese candlestick pattern where it's basically no upper wick, somewhat of a long body, but a really long lower wick, and it basically just calls the bottom of the move. So, there's a a lot of crazy stuff happening right now. I need you to just write down, if you don't have the journal, or if you want to get the journal out, get it. but even if you don't, you're stubborn. I understand.
47:53 It's fine. Just get a piece of paper and write down your thoughts, your observations, your decisions, and what's influencing you to buy, to sell, to do all that stuff because this is not going to be the only time we're going to have an event like this. It's going to come up again. Maybe in 6 months, maybe in a year from now. The important thing is to learn from these events right now, okay? And I need you to watch the video that I talked about last week about the TBO Pro. This is going to give you a little bit of a of an edge on the market right now, especially days like today. So, watch this and until the next time we have what to do, stay awesome and stay in the green. Peace.