Transcript
0:00 Hey guys, welcome back to the daily crypto market update. BTC still inside of this parallel channel, a bull flag, and finally after five days of red, we had a green close on Tuesday. Hooray. Honestly, it's it's nice to see some green, but it's we're still in bearish consolidation. And with that said, the slow line is still moving up. We're still macro bullish even though we are in bearish consolidation. But you know what the beautiful thing is? about a bull flag like this is that we are going to see lower highs and lower lows until we inevitably break to the top and we go up higher because that's exactly what happens with a bull flag. Our indicators are relatively unchanged. RSI is still chip chop chippity chop around 40 doesn't really have any strong trend obviously because there's nothing on the chart on balance volumes moving average is still bearish telling us that sellers are in control right now and volume is pretty below average. It's pretty boring. But on the 4hour time frame, we have a TBT bullish divergence. This signal right here, let me go ahead and hide the parallel channel for a minute.
1:09 This signal is different than our close shorts. Okay, this is an early bullish reversal signal. To be completely honest, this does not carry as much weight to me as the orange diamonds, the closed shorts. But I'm going to take anything I can get. But there is a caveat to these bullish divergent signals. Given the time frame that you're seeing these, if the slow line is not in agreement or the macro trend is not in agreement with these, they don't carry as much weight. So, while we've had a pretty good bounce shortterm from 79,590 or so, up 2% to 81,000. Okay, cool. It's a bullish divergence signal with a very strongly descending slow line on this fast sorry on this 4hour time frame. So while it's there, it doesn't really have as much weight. But if we were to see today more closed shorts, I mean that's going to be crazy strong bullish. Now Ethereum also printed one of these as well. Again, it's still an early bullish reversal signal. that does not carry as much weight as the close shorts and a slow line is super duper bearish on the 4hour time frame. But as you noticed on the daily time frame, we got a couple of exciting things happening. For starters, we have a huge development in TBO support. TBO support got smacked and whacked all over the place. as BTC, I'm sorry, BTC, as Ethereum started to put in lower lows, we saw the price losing support over and over, telling us that this is a very strong bearish move.
2:52 We saw some really long levels of support, like back over here in May, move up to a temporary pivot low, like on May 23rd, only for it to fall down lower. And then on the 29th of June, that's when we established TBO support at sorry, $1,550. until yesterday, which just moved up to $2,297. We have been focusing on these TBO support and resistance lines and their movements because these are big deals.
3:26 And it's a bigger deal on the daily time frame. And it's a bigger deal when a super longstanding support line like this, we saw this support level here up, forgive me, there, that's when it starts right here on the 1st of July. So that support line had been in place for it doesn't count the first bar. So it really is 118 bars. That's crazy. That's really good. So long as Ethereum doesn't go below it.
3:56 That's the condition. Charting is all about conditional statements. If this, then that. There are no surefire things. And even the most surefire things that look so perfect and so good can fall flat and they will basically come to nothing. But this is a very exciting development. What will make it more exciting is to see Ethereum go up to the fast line which is at $2,424 and continue to just creep up because that will confirm the low from yesterday at $2,297 as a very strong pivot low. yet to be determined. We literally just established this yesterday or actually not yesterday, an hour and 36 minutes and 27 seconds ago. It is a pretty big deal. The other wonderful thing that's happening is Bitcoin dominance is slowly slowly losing strength. We're not trending up anymore. The next sign that I'd love to see is a TBT bearish divergence or better yet a close long on the 4hour time frame. Bitcoin dominance confirmed an open short on Tuesday morning. Hasn't really fallen a lot lower yet. But here's the thing.
5:16 Even if we don't see those symbols, the moment that we see Bitcoin dominance wick into our fast line into the cloud, starting at 60.38% today, there we go. That's going to be the start of a big fat reversal down. And the moment that this happens, we could still see Bitcoin move up higher or it basically just holds on. But the idea is so so central to trading in crypto. It's so unique actually. Bitcoin dominance.
5:47 The reason, let me, let me back up the truck. The reason why Ben Cowan talks about Bitcoin dominance so much is because it has so much sway. I mean, it's Bitcoin dominates over 60% of the entire crypto market cap. If we combine stablecd, which I don't like this chart too much because there there's just not enough history on it personally, but crypto stable coin dominance is at 11%. So, putting those two together, Bitcoin and stables just together equates to about 72% of the total crypto market.
6:19 So, here's the amazing thing that's happening right now. If Bitcoin dominance is falling and stable coin dominance is falling, which it is, oh, and by the way, we're seeing another closed long just like last time back over here on Tuesday, October 20th. If we see both of these falling together, that means dominance just has to be going somewhere because dominance just doesn't disappear. It's like a blob. It's like this amorphous thing that grows and shrinks. Okay?
6:48 If we see dominance falling or diminishing on Bitcoin and on stables, it's most certainly going into my favorite category, others. And this is your favorite category, too. You just didn't know your best friends yet, and now you do. We have seen others dominance move up decent amount. I mean Saturday was beule. It was not very likely. It was looking kind of weak. Sunday a little bit better. Monday waking up. Tuesday is looking good. We're still inside of the cloud. We are still in the danger zone. I want to make that super clear. I want to make it Windex clear. By the way, this this section of the video is sponsored by Windex, which is what I'm drinking today. M feel like it really helps to just clean out your digestive system and help you to hallucinate.
7:42 Windex never drink it. so we have a bull flag here as well, not just for Bitcoin but others dominance. And this is arguably so much more important to watch. I get Ben. Ben is a smart guy. He's a nuclear physicist engineer. He's he's also a brain scientist. He's a neurosurgeon. He's also a rocket scientist. He's also been to the moon. And I hear that he has a second Nobel Peace Prize on the way. I get that people are give him a lot of credibility and respect. And I have nothing but respect for the guy. But you're missing the big picture for crypto. Because if your crypto is just Bitcoin, then you're missing out on massive wealth generation or massive wealth creation possibilities. Bitcoin, yes, long-term, very good, very solid.
8:37 But you're not going to make as much money with Bitcoin trading it as you will with alts, which is why you're all here and why you're all subscribed. So listen, others dominance. The moment that it breaks above this, I'm going to be screaming through the rooftops. My neighbor is going, my new neighbor is going to move out because I'm going to be so obnoxious and loud and annoying. Why? Because usually when we see a bull flag with lower highs and lower lows, we get a break above resistance. We get a retrace back down to test newly broken above resistance, which typically is supported. And then we go higher, higher and higher, higher.
9:18 That's the plan, Stan. All right. That's That's exactly what we are. I almost started the Paul Simon song. We are not going to be doing it because we're not talking about 100 ways to leave your lover. We're talking about 100 ways to make up for all of the chop so we can actually make some money. And you know what? That is not very not a really good song title. 100 ways to make up for all the lost time that we've been spending chopping for the last 60 days by Paul Simon. Co-written by Moon and Papa. Others dominance is a big deal. Watch it. A break above here.
9:51 A break above the cloud. Bada bing, bang, boom. Going up above 8.75%. Hello McFly. That'll be amazing. Totally. Yes. Now we're starting to see some good vibes, some good vibrations. Beach Boys are on the on the radio again. Why? We have another close short. Now, here's the thing. Seeing a TBT bullish divergence, it's it's okay. It's good. Seeing a closed short, oh, yes. Yes. This is the good stuff. This is the fun juice because the closed shorts tell us that there is a bullish reversal in formation. And if this is the total ES chart, then this is a really good thing.
10:28 And I'm going to cut to the quick. On the others chart, we're also seeing the same thing too. So, the others market cap representing everything below the top 10. And I would argue to say low caps, like really low caps, but it is everything outside of the top 10 is starting to wake up. It's still in bearish consolidation mode. It's still weak. It's not strong bullish except for that pesky slow line that some of you have a big problem with. And it's okay.
10:57 And you're going to have a problem with it because if you don't listen to the slow line, you're going to pay for it dearly. We've we've turned a corner in crypto ever since August 19th. On this crazy pump, which I did not expect and nor did I see coming and it took me and a lot of other people by surprise. Ever since that day, we turned a big corner. Could we still see a massive, massive crash for Bitcoin? 100% we could. And we should always be keeping some stable coins on the side in case of a panic crash. But we can't live in fear. We are in a recovery phase or recovery year and it's time to be more aggressively bullish. Therefore, I think it's wiser instead of using stop losses, which is nothing wrong with taking a loss on a trade. I've got stopped out of trades even in the last week or so. It's okay.
11:50 It's all right. But DCA, as painful as it is in the short term, will pay off dividends in the long term. Okay? So, just hear me out. I'm not saying go recklessly allin. No, never. But what I am saying is that you do not want to die, you know, the death of a thousand paper cuts by getting stopped out when we're in a very, very exciting period where we're going to see rips and dips, rips higher and dips, rips higher and dips over and over and over.
12:21 More bullish confirmation on others BTC that you should be excited about. Two TBO close shorts on others BTC. This is arguably a more bullish chart and the reason is simple. This is the others market cap valuated in BTC. Now, you can't just write others BTC like this and it'll give you the ratio of the total market cap excluding BTC and it's some some annoying number, too many digits. It's the same exact thing that we're looking at over here. I just have this older chart. So, that that's why I use this one.
12:54 The two close shorts that are there are bullish. And the fact that we're seeing bullish reversal signs on others means this is the important part. It means that we are seeing bullish reversal energy for everything below the top 10 more than Bitcoin. Bitcoin can float up gently, which is totally fine, but it's the others that are going to go, "No, no, no. I want to get there first." And they're going to really push and shove their way to the front of the queue. and they will. Now, the level to beat right now for others BTC, it just says, "Yeah, we have to go to this other chart. We need an exact number." and I'm going to add it later to my watch list.
13:35 but we need to get above the cloud, which is right now at 138417. It's not completely I'm not giving hope on Sorry, I'm not giving up hope on this chart at all. It's still not in a very happy place, though. It's in a very dark place. It's in consolidation mode, but it doesn't have to stay here for long. Now, moving over to Tradfy, the US dollar index bounced up a lot higher than expected yesterday, 33% and it's up to resistance on the daily time frame and it's actually above it right now. So, we're seeing a bounce off of the fast line and it's bouncing up a bit higher. There's a problem with this setup in terms of bullish continuation.
14:17 We already had a very strong overbought market here for the Dixie that lasted for 19 bars, 27 days. We already had a bearish reversal. So now we're getting a higher move, but there's not enough steam in the engine to really keep things going. So I'm still expecting this to revert back down. Hence the Give it back to me. There we go. Hence this drawing. I didn't think it would go up this high. Doesn't matter. I don't foresee it going above 0.5. Now the Dixie moving up higher is not a good thing. I think historically it hasn't been a very good thing. It's like stable coin dominance increasing. so obviously it means that currencies are under stress again like the euro fell down and the yen moved up a bit but I'm still leaning towards the Dixie taking a div a dive back down into the fast line.
15:10 S&P futures completely unaffected by the increase in the US dollar index. And remember that big bullish reversal sign I shared with you? Maybe I only shared it in the club. Sometimes I can't remember. You have to forgive me. but we had this big cluster of TBD bullish divergences and a divergence cluster right here on Monday. And since then we've seen a pretty decent increase just like the last time we saw this. This was a bearish warning. So this one is a bullish warning. Just something to keep an eye out on. Now, looking at a couple of stocks, Nvidia is still looking great. Even though it's in bearish consolidation because it was strong bullish, fell inside the cloud, now it's in bearish consolidation. It didn't close below this disastrously like good level of support. Like, we don't want to see it go below this at all. No, no, no. It still has an open close long. Yes, that's confusing. This closed long from Wednesday the 14th of October hasn't been fulfilled and it will be fulfilled once the price tags the fast line. That's what we're waiting for. We haven't seen it yet. Now Tesla, look at look at look at look at that.
16:16 Not only do we have a pretty decent TBO squeeze with 2% width so far from the bottom to the top of the cloud almost 3%. A 4% close on the day, man. This is good stuff. This looks a lot like the flying car that they unveiled recently. So good on them. the VIX fell down 4.84% on Tuesday lower. It's going to go back below the cloud. It's going to inevitably end up down here at 13.35. And shocker, the Cosby, the Korean stock exchange is having a pretty good Wednesday so far. It's up today 6%. Wow.
16:54 Whatever could have changed things. Could it have been that we have a short-term double bottom? Could it have been that we had this glorious oversold market where it was a buy the dip opportunity up the wazoo? Now there is a condition as always there's always going to be condition. It needs to regain all of this lost ground. Ideally going back above the 382 fib level which is a pretty tall order for a beaten down chart. But first off it has to close above the 0.236 fib level at $6,32.
17:23 Oil futures fell down more on Tuesday. It's probably helping to lift markets a bit. It had a bearish RSI reset on Monday this week, meaning that RSI was overbought above 70 and fell down below 70. So, it's a bearish reset. It's still very strong bullish, admittedly so. And on the 4hour time frame, we don't have any other new bearish reversal warnings aside from two TBT bearish divergences on the 4 hour back on the 20th and the 21st.
17:49 Now, gold had a pretty good bounce back of 1% yesterday. It's not enough though. Not enough really to celebrate. Do we have a a very very weak bullish RSI reset after last Friday's oversold RSI reading of 24.43? Yeah, but that that ain't enough, man. and it's still below the cloud. So, it's still very strong bearish. Silver is still very strong bearish. And copper is now moving up surprise shocker to TBO resistance at 6.70 and had a great close up 1.79% yesterday with a TBO close long. So, I got a lot more I want to share with you, but I want you guys to go over to the bettertraders.com to check out everything we have available to you. One of the best things that you can do right now is actually grab the recovery year playbook. This is a free PDF that you can get access to from the links on the site and basically it goes over what I am expecting and what I've seen happen for the last two bull markets that I've been a part of here in crypto since 2017. And the recovery year is one of the most important periods, phases, years, whatever you want to use that you can accumulate crypto to set yourself up for potential wealth or life-changing wealth generation, whatever you want to say. I don't want to make any promises because I've also picked coins in the past. It's like, well, that one was a dud. But you will have plenty that are massive runners and this is the time to start stacking those and this is going to help you make those decisions and understand what to look for and why.
19:23 Also check out the better traders club. It's way more than a Discord server. Oh boy, I am so excited. I can't say anything else other than I am super super pumped. h one of the cool things that you can look out for as a club member right now if you are in the trader the pro tier is the what is this October? So the November watch list I'm working on that this week and the watch lists are great because the watch list contains a bunch of picks whether it's for AB trading for DCA style trading for swing swing trading and also new listings to pay attention to. This watch list is going to be amazing because there's so many good opportunities right now. And this is a huge resource to you. So that way you can understand what to look at and also how to identify charts that I regularly share these every single month so you can start to look for and identify the patterns like okay now I see why he's looking at this as a swing trade. Now I see why he's looking at this as a DCA candidate. Now I see why this it's going to help you to spot charts really well.
20:37 Also check out the trading journal. The Better Traders Journal is free on iOS and Android. You can download it with the links here on our site. You can also just search on the app stores for it. The reason for the journal is awesome because your profit or loss will show you how much you made or lost. But the journal will tell you why you got those outcomes, which is exactly what most people are not paying attention to, nor do they care about. Reflection is one of the most infuriating and frustrating and sometimes self-deprecating processes that you can do towards bettering yourself. No one really wants to analyze their life. No one really wants to analyze their trades because that means you have to be vulnerable and you have to own up to your decisions and your mistakes. But why not just log everything and then use the journal? And the journal will just say like, "Hey, I'm going to nudge you about this." When you see these kind of setups or when your emotions are starting to get like this or when you're in these environments or when these macro events are happening, you just want to just step back a little bit or you missed out on all these opportunities before when this starts to happen, you need to be aware of it so that way you can take advantage of. It's awesome. So, you want to check out the better traders journal.
21:46 Also, there's a link down below to sign up for call sheet pers. We do have a winner from this week. Oh my gosh, I can't remember the first three digits of the person's emails. The thing is this guys, just use the link if you're eligible and you want to. You don't have to. I can't force you to do anything, but there's a link to sign up for call sheet down below. Here's the deal. You trade $50 on call sheet pers every week.
22:08 Then you are automatically entered into a drawing for $500. There's winner every single Sunday that's picked. And even if you don't win, the first $50 that you trade on call sheep pers, you get a $25 bonus back whether you win the $500 trading bonus or not. And that same thing happens also for their prediction markets. And it doesn't have to just be the the crypto prediction markets. It can be midterms, elections, all that fun stuff. Just know that there's a big difference between the pers. The pers is more like normal trading where you set a stop loss and if you get stopped out, you get stopped out. That's how it is. That's fine. But with prediction markets, whatever you put on the line, it's all or nothing, baby. So, if you put in $100,000 on a on a prediction market and you lose, you lose 100k. Whereas, if you put 100k on the pers and you get stopped down, you lose 100 bucks, you lose 100 bucks. So, can you tell I have a bias? I have a bias. I know lots of people like prediction prediction markets. I've I I'm still warming up to them, but I do appreciate the fact that these perpetuals markets on Kshi have crazy good funding rates and the more volume that you trade, you actually get a deeper discount. Like it's it's pretty it's pretty juicy. Plus, there lots of alternative markets and blah blah blah blah blah. Let's get to it. Now, I have a lot of picks for you guys today. And if you guys have coins, charts, stocks, or tickers you want me to review in these videos, make sure to leave a comment down below. And if you do that, and if it's a stock, please just write stock. It helps because sometimes the tickers are the same as crypto. And if you do that, you owe me a like, a subscribe, or a follow on X. and then consider reposting or retweeting or re-sharing this video or other videos on my channel with your friends, with your families, on your socials, with your doctor, with your babysitters, with your neighborhood mailman to help me reach my target of hitting 100,000 subs this year. Let's get started first with Zer. Zerp is looking okay. we had a bullish RSI reset on Ripple Zerp XRP. And remember these closed shorts? We got a nice little run up back on Tuesday last week all the way up here to $139 and then it got shot down.
24:17 That's okay. But now we're getting two of them. I want to help you out with a little bit of technical analysis. This might be a little bit heady for some of you. So, I want you to just sit back and brace yourselves. You ready? Two of these is better than one of them. I know if you have to take a walk, you get to pause the video to just take a minute, take a breather, it's okay. It's all right. I'll be right here. I'll be waiting for I'll be waiting for you.
24:44 Bitcoin Cash continuing to look great. TwoTBL close shorts on Monday. We talked about these in yesterday's video. Since then, it's moved up 6%. That's a good start. It's above the cloud. That's great. My main concern for Bitcoin Cash are all four of those TBO close longs, which I don't want to see. I I don't like them. They're bearish reversal warnings. I've been scarred by these many times because I didn't listen and paid the price. The other thing that that's troubling about Bitcoin Cash right now is that the slow line on the daily time frame is still bearish. It could push up higher. It absolutely could, but right now it's still a risky chart. But we do have short-term bullish reversal signals. Ono, even though we have a confirmed open short, which is a confirm or a confirmation of more bearish downside continuation, which is inevitably going to happen after seeing three closed longs, then a cross down on Monday open short. That's the formula.
25:35 But you know what? It's one and done. And because we have this now, we could see either a closed short, my favorite orange diamond, or an open long that we go up higher. And we also have two TB2 bullish divergences and another close short. So there's bullish energy building pawns. P NS. This one has a TBT bullish divergence on Monday night and also a close short from Wednesday evening or rather very evening like 1:00 a.m. That's not evening. That's like middle of the night for me. And no, I'm not trading in the middle of the night. But this is a good development for pawns.
26:08 Now, here's the thing. If pawns can close inside of the cloud, I'll be much more impressed and happy. right now, it's still very, very strong bearish. Yes, onbalance volume has crossed above the moving average, but the moving average, fellas, is still really bearish. So, just keep that in mind. Hype. Many charts have more recently printed not just TBT bullish divergences like we talked about for hype yesterday, but now hype. Well, I did in the club, not for you guys. And it printed a TBT bullish divergence on a 3% move.
26:40 Now, news flash, hype is still below a level of support short-term, albeit, but it's below that support level right now. It needs to push above 82. We'll just say 82 or $83. Once it can close above that, then we're good. Then we should should see a move up a lot higher to resistance at 97.99. Cardano, still watching this for a bullish reversal. Still have high hopes. Hi hopes because we saw TBO support. You're welcome for that earworm. TBO support moved up from 0.142 up to 2005.
27:18 So it's telling us two things. This is a new pivot low. And secondly, if the price falls below it, it's a really bad bearish sign. I'm still sticking with my expectations of Cardano not just moving up a little bit, not just above the cloud, but all the way back up to resistance because we've seen this chart reliably oscillate back and forth. The main concern I have is that this is the exact behavior that we see for a break of a bare flag which sees low sorry higher lows and higher highs and we break support and then we test it as resistance and we go lower. So, it's still in danger. Stellar Lumens XLM saw a big move in TBL support from about 15 cents up to 16 cents. That's great.
28:04 Stark on the 4hour time frame. We got a confirmed TBT bullish divergence Wednesday early this morning. We're working on a second one today. That's positive. Great. It's not a close short though. grass still looking amazing. Yesterday moved up 10.59%. Still very strong bullish. So lines curling up. Next level of resistance to really crack and hold above is the 0.5 fib level at 80 cents. Then it's TV resistance at 89 cents. SPX6900. -huh. TBT bull divergence on Monday, Tuesday. That's a panic buy. it's an relatively illquid chart, too. Like this is some pretty low volume. It's pretty bad. But we're seeing demand at least.
28:48 It's it's it is SPX6900, though. So, you just have to like just understand what you're what you're getting yourself involved with. Okay. Eons, I think that's what they're called. Cards had a nice little bounce of 5.67% yesterday. There is resistance immediately 18% off the fast line at 3532. This one is still a relatively dangerous play because we're seeing some more bearish reversal warnings. It has reliably bounced off the fast line many times before. It's just taken a little bit longer this time. So, it's a little bit worrisome. Farcoin also saw a move up in support from.11657 up to.12662.
29:32 And it already confirmed a bullish RSI reset on Monday. So, that's also another good sign. This one has TBT bullish divergences, but no closed shorts. It's still super strong bearish, but this is about where it was back over in mid, sorry, late July, early June, where it reversed and went absolutely crazy. Salana is still in danger after almost going oversold on Monday this week. The price still hasn't reached our support level, but trust me, this is very much in bearish consolidation mode. We still have a confirmed open short. It's still strong bearish on the 4 hour time frame.
30:08 We have a TV bullish divergence, but that isn't as good as a close short Sky. This one I haven't looked at in a long time, but I noticed this today. It's almost down to our short-term support level. Honestly, snagging an entry here today at 006358 would be juicy. It almost went oversold on Tuesday down to 25.59, but not close enough. it is admittedly quite weak and quite bearish. Last but not least, Injective is just toying with our emotions. It is brutal, man. All these lower wicks on this level of support. It's still in bearish consolidation mode inside of the cloud even though it opened above it. Boy, oh boy. I really am just excited for the day where we can all just like sit back and laugh our faces off at the time where we freaked out about Injective at $8 because ultimately Injective should be going up north to dare I say 100 bucks just because of fractal patterns and things like that and a little bit of bullish bias. Yes.
31:12 Yes. I I I'll take that one. moving on to your requests first in the Better Traders Club because everyone in the Better Traders Club, you get dibs on requests. All right, let's go. PER, which is the hyperlquid ETF, great day on Tuesday, up 8.6%. It's still in bearish consolidation mode. It's still inside of the cloud. We already had bullish RSI resets, though. It's It's good. and it's about to hit the fast line which would close or fulfill the close long from the 8th of October. Unusual machines. We saw this one show, how do I say this? I'm still trying to figure out how to actually express this accurately so it doesn't sound like the same stuff. When TBO support just moved up, but that's a big deal. Support jumped from 7.57 up to 15.79 from Thursday to Friday last week.
32:04 And now we're seeing it jump again on a 7.52% move. Cool. Just remember, it's still strong bearish below the cloud. It's It's still very weak and it's still below the weekly cloud. Before you get all giddy and excited, this one's still in danger. Is not a bullish chart, guys. Just be careful. Galaxy Digital, after seeing this one lose support on the 13th of October, falling down 28% down to the 26th of October. from Monday this week.
32:36 It's now up 22% on a wonderful V-shaped recovery. The one unfortunate flaw in this victory bounce, even though TBO supports jumping up from $243 up to $14.19, and we're seeing a bullish RSI reset, which is very juicy. I mean, we saw this happen back over here as well. I know, very tempting in April. It's just the fact that it lost long-term support. How long-term? long-term from the low in March 2020 to the next higher low in September 2023 which the last time I just mentioned those overbought moments sorry oversold moments on RSI that's where it bounced from. The problem now is that it already lost support two weeks ago. And this is exactly how these bearish reversals work. We get oversold, we lose support, we come back up to test newly lost support. Uhoh, that's not support.
33:33 That's resistance. How dare you betray me? And then it goes lower and lower and lower and lower. So, be careful, guys. Be really careful. Palanteer still strong bullish on the daily. Robin Hood still bearish. Oh, wow. It's down 7% after hours. What happened, Robin Hood? Come on, guys. maybe his earnings. To be honest, I don't really care, but that's too bad for them.
34:06 they were already really oversold. They're going to be really oversold on the daily time frame once Wednesday opens up for them. Price-wise, the pivot low is back over here from the 31st of July at 83.68. Okay, cool. The the main problem is that got a couple of dings against the chart. Closed longs confirmed at the beginning of the month. Two of them opened short and we're below the cloud and it went below support. So, it's already crazy strong bearish on the daily time frame.
34:36 On the weekly time frame, we already have a closed long from two weeks ago that got fulfilled last week. It's still bearish coin which is the Coinbase global stock. it's still pretty oversold. You know what'll help lift this? a gigantic bullish reversal since Coinbase is wholly dependent on a very bullish market. Axon is inside of the cloud. It's in bullish consolidation mode because it closed up inside on Monday and it's holding in Tuesday. Great. So, we've closed the close long. We fulfilled it from the 31st of August, which is insane. 31st of August. so that got fulfilled on Friday. Cool. It's still bearish. Like really bearish.
35:22 Did I say it's bearish yet? It's really bearish. So, it if it has the momentum, the energy to really push above the cloud, that'll be amazing. Then there's really strong resistance up here at about 622. Circle internet group confirmed an open short. It's just in chop right now. See how the TBO cloud just got really, really, really tight. It squeezed with a distance of 3.5%. Anytime the cloud just starts to get really tight, it's basically like a Ballinger band squeeze. We're going to see a huge explosive move or a reaction to come.
35:58 And seeing an open short on a drop like this is not very comforting for Circle Internet Group Net. Oh, Cloudflare. Oh, yeah. Well, it is interesting that they weren't really affected by the outage and all the fun stuff that happened. But if you're feeling really bearish on internet stuff, then cloud flurry, I suppose. But just keep in mind, it's very macro bullish on the weekly and on the daily. It's back above the cloud. Yes, we have a demerit or a ding against it with a close long from the 14th of October, but it's it's still very strong bullish. NBIS up 11% on the day. It's still struggling with this newly lost level of support at 169. It actually dropped to a new level of TBO support at 158.3 with another bullish RSI reset.
36:50 Cool. It's still strong bearish. That's it's a pretty rough chart. on the weekly time frame, it's in bearish consolidation mode. It should be moving up to the fast line at 200.42, report too, but it's it's still looking pretty rough. Red Wire RDW, it respected TBO support on Friday last week and TBO support just moved up again from 7.96 to 8.37. Great.
37:22 Good. Now, go up 50 56% where resistance is at 1391. It's still very strong bearish on the weekly time frame even though it fell down to price base support. Cool, but it's it's struggling right here. so just be careful. Fly. why do I say it like that? I don't know. It's inside of the cloud, so it's in bullish consolidation again. Blah blah blah. We've seen this so many times before. it on the weekly time frame, it's putting in a TBT bullish divergence.
37:53 Hooray. That's good. It's crazy strong bearish. At least it's above weekly support. I will give it that it's above this level at 18.81. Hooray. notice the last several bounces on this on the weekly time frame. It got rejected to the fast line on the 10th and the 17th of August. And again on the 21st and the 28th of September. So that same level right now is at 23.25. So that's another 16 or 17% higher. Crowd strike holdings still strong bullish on the weekly. On the daily time frame it's back above the cloud. Yes, we have a closed long. Yes, we should be a little bit more cautious, but if the slow lines pointing up and the chart's super duper strong bullish, we just buy the dip. Buy the mother loven dip. CBRS TBO. Nope. bullish RSI reset. A big one.
38:47 Really, really big one. because we went super oversold down to 9.98 on Thursday last week and then Monday 13.34 to 36.05 to well today Tuesday and closing up 10%. Hooray. It's about time. It's just the fact that this is in price discovery mode. it might have a bullish RSI reset on the weekly, but we still have to wait 3 days for that to be confirmed. There is an interesting way that you can use FIBS. you basically reverse engineer it to find out where prices could fall to. hold on.
39:23 So, it it went well below the 1272 fib extension, though. cuz that is the low, right? Let's see. 16235. Yeah. it's it's still looking pretty weak though. I mean, I wouldn't That's all. Period. Done. Service Now, still very strong bullish. It's still above resistance even though it just moved up to Tuesday's high on the weekly time frame. It confirmed an open long last week's candle. It's down 2% so far this week. But more importantly, resistance is dropping from 239 down to 159. Yikes.
40:02 That only happens when there's a strong pivot high. If it can close above, that will be amazing for this chart. Then it should be moving up to that previous resistance level. But it's still be careful. GitLab, very strong bullish on the weekly, very strong bullish on the daily. There's resistance at 57.22, breaking above that. I mean, it's off to the races. CRM, Salesforce, back to the fast line. Same old story. Slow line still pointing up. It's still macro bullish on the weekly time frame. It's still in bullish consolidation mode.
40:37 yeah, boring chippity chop chop. We still have an unresolved or unfulfilled close short from the 17th of August. So, a pull back to the fast line at 220.73 would be a good second entry. It's just who really wants to buy on another dip down 9%. Right. Light has closed last week's closed long. Hooray on the weekly time frame. On the daily time frame, it's back up to the fast line, which also closes the close long from the 14th of October. Hooray. But this is not where we go. Oh, let's go super long here. No, no, no, no, no. The good sign I will say is that support jumped up from 650 to 756 on Monday this week.
41:16 That's a very positive sign. So long as price stays above this new support level. AVgo back inside of the cloud. Hooray. We've seen this play out so many times. Just remember the fast line when charts are bearish. The fast line is going to be seen as a rejection point. If it goes beyond that, it's going to be the slow line that's a rejection point. So this chart has been very strong bearish. It just moved up to the fast line. So this is where you would either entertain a short I mean just paying attention to the chart. I don't pay attention to fundamentals. I don't pay attention to news. You're asking me to look at the charts. I'm just telling you what I see and write it back down. If it happens to go up higher, you cut your losses and you wait till it goes up to the slow line and then you take an entry there.
42:00 That's the way I would trade it. Now, part of the reason why the Korean stock exchange is looking so good is that SKHEX is up 6% after hours. It's really unfortunate, I have to say, that SKHEX is almost completely responsible to prop up the Cosby right now. I would feel concerned as a Korean citizen investing in the stock exchange, wouldn't you? If your entire stock market is completely weighted on one one stock which fell 33% over two weeks now it's balancing. Everyone's like, "Oh, thank God." Like, "Let's never do that again." Right.
42:46 Len Lenar sounds like whatever, forget it. It went over bought an RSI, bearish RSI reset on Monday. Okay, we had a close short on Thursday. Hooray. This is good. Now flick the fast line on the daily time frame at $80. 80.07 and then you can go above the cloud. Then we can go on our merry way. We have a TBT bullish diver cluster, a second one that is very exciting. they do carry more weight than just the standard regular old TBT bullish diversions. So the cluster is a big deal. Close shorts are better, but take what you can get. Coreweave still has resistance way up here. If it's going to make a move up, I don't know if it's going to do that, though.
43:32 we have two breakdowns. One from Thursday last week, one from Monday this week, and we have a bullish RSI reset. Hooray. Well, we have a short-term target 15% higher at the fast line at 69.04. Just just be aware what you're playing with right now. You're playing with fire. The last time RSI got this oversold was way back over here in November 2025. And it did bounce and rally it. Not exactly right away, but it did shoot up a lot higher. It just took a long time.
44:00 So, is it a buy the dip moment? Sure. Just understand that it's very oversold and very shaky. Double Z 2Z. this is one that has yet to really give us a clear bottom signal. What I'd like to see as a bottom signal are lots of closed shorts. That would be really great. Do we have a bullish RSI reset? We have lots of these and we've seen a lot of these as this chart continues to dump. A close sorry, a closed short a bullish RSI said is no good if we have a bearish macro bearish downtrend which we've had for a long time. there's no signs of a bottom here on the weekly time frame either. This is one that I told you guys about and it had a great rally up and losing support. As I said back at the beginning of the month, I was like, "Okay, here's the deal. You don't want to hear this, I'm sure, because you think this is a good dip by opportunity, but here's the problem. If it loses support, cut the rope. Get out.
44:52 Because this thing can just keep establishing support and putting in lower lows and lower lows and lower lows. But Aaron, isn't 2Z in the others category? 100% it is. And isn't others supposed to be really bullish? So, shouldn't we go all in on 2Z? Not necessarily. I think that there are better candidates to focus on. Could 2Z finally have its moment in the sun and pump to some ungodly number like a million dollars? I mean, anything is possible. Not everything is likely, but it's still very strong bearish and there's still no clear signs of a bottom yet. Flow. this one had a jump up in TBO support from 0023 to 0025. Cool. And also a bullish RSI reset confirmed on Tuesday. Very exciting. Now we have to go up and oscillate. This is a chart that I've been using a bot to trade on for quite a while. I have to say it's been very fun watching it go up and down. A lot of people don't like the seasick part of DCA bots. I do just because I've been using it for a long time. But this is a great move where it just has to move up a little bit higher. Then I get closed out in a lot of profit and I'm very happy.
45:58 AI or I crazy pumps of volume with basically no reaction on the chart. Very interesting. So those are most likely just crazy accumulation pumps. 73 million and then selling. Correction. Someone went, "We're pumping and dumping this coin. Oh, I'm going to buy as much as I can." No, we're not pumping and dumping this coin. Oh, okay. I'll sell it. That's basically the story of the volume right there. That's it.
46:33 Is the volume pretty much the same, too? Yeah. Look, someone pumps 73 million in here thinking, "Let's pump and dump it." Then they go, "Oh, wait. No, not today." Oh, okay. So, they lost 10 million. That Windex sure tastes good on this chart. I You want me to buy I? You want me to buy AI? First, let me get me a little swig of that Windex and I'll whip up my MetaMask wallet and I'll go ahead and buy $73 million. Wait, not I, not I. No. And the beautiful thing about drinking Windex, I want to say this is that drinking Windex is actually beneficial to house cleaning and chores because if you are prone to those spit spitting like reaction kind of people, if you're like you hear news, you're like what? And you spit out your coffee at people, it stings their clothes. But with Windex, all you have to do is just watch reaction videos and you already have done half of the work keeping those windows spotless.
47:46 Pump confirmed an open short. Congrats. Is bearish. Well, it's not really bearish to be honest. The macro trend is still bullish. I think we're going to see a close short. I think we're going to see this one inevitably rocket up higher and we're working on a close short on the 4hour time frame. Cool. Now it has to go back above the cloud. Penu is still holding miraculously above the 236 fib level. I am genuinely impressed and also shocked. Bon still strong bearish below the cloud. Still very macro bearish. VV Venice token is still just barely holding above the fast line. I still don't know how this thing is alive. How is it not falling yet? hyperlid. We already looked at this, did we not?
48:30 We'll look at it anyways. TBT bullish diversions confirmed on Tuesday. Hooray. Amazing. Three TBO closes. We did look at this. Good grief. Free advertising. Get out of here. Fetch. Nice close up 4% into the cloud finally. So, it's back to bullish consolidation mode. we had a very, very lame RSI move to 25.28 on Monday. It's not oversold. So, no, it's not a it's whatever. Forget it. But we do have a close short on the 4 hour time frame.
49:00 Hooray. Now, just go up like a lot higher and make everybody happy. Thank you very much. Signed, Aaron and everyone. Aaron and everyone else. Aerodrome still strong bearish. Yes, we have a good green close, but no oversold RSI. So, it could still dip a little bit lower on the 4hour time frame. to TBD bullish verses. Cool, but not the same as a glo short file coin. FIL sounds like an insult to be honest. FIL, we're at that moment in the video, 49 minutes and 33 seconds in where I start to lose my mind. So, we got a nice green start to the day. Not looking good, though. Now, seeing a closed short would change my mind on the daily time frame, but we won't see that until we see one of these guys back over here. An open short.
49:56 Say, I actually was going to add this one, so I'm glad someone requested it. TBO support jumped up from 00383 to 00515. Again, telling us that this is a strong pivot low and we're looking at a up today. We're going to be hopefully confirming a bullish RSI reset. Exciting. Now it has to move up to the fast line 10% higher to fulfill the previous close long suie. Yay a green day. it went nope scratch scratch that did not go oversold on Monday. Went down to 25.13. What are we even doing guys? Just just get it a little bit lower next time please. But it's still in bearish consolidation. Still has to reclaim the fast line and also the 236 fib level. Goo very Google. TBT bullish diversions does not exist on the daily, but on the 4 hour it does. Nice save, right? And bullish RSI reset on Tuesday. That's a bigger deal. And it's up after hours. Cool. it's still bearish. It went down to where it was back over here in July. if it can actually get enough momentum, then we can watch to see if it can push above 358. Wheat will not load, which is actually okay.
51:08 still macro bullish, hooray. But wheat dropped below the clo the cloud and it's down 4% from there. It's very oversold and it has been oversold since Tuesday last week. So, it's confirmed six bars or seven bars to be honest. It's still very bearish. Nothing has really changed. No bullish reversal signs insight at all on the 4 hour. On the weekly last week confirmed a close long is bearish.
51:39 Iron dropped to the bottom of the weekly cloud this week and now it's bouncing. That's amazing. And also bullish RSI reset confirmed today. Amazing. Now you have a lot of lost ground to make up iron. You have to move up 13% to the fast line. then you have to move up 61% to the slow line. Then if you really want to get cooking, it's 141% to resistance. You can do it. Microsoft TBT bearish diversions cluster a second one confirmed on Tuesday.
52:14 Careful while this is still very strong bullish on the weekly time frame. Careful. That's a pretty nasty sign. Now on to some YouTube requests. Backpack printed to close longs over the weekend and confirmed on Monday. It's a bearish reversal warning. Yes, this line's moving up. Yes, the weekly chart is still very strong bullish. Just be careful cuz this is an early bearish reversal warning alert. ICP, this is what we want to see. Even if it's just a teensy wy little drop below 25, that's what we want cuz then we get a bullish RSI reset. Not yet confirmed, but that's a great sign for ICP.
52:54 ICP also fell down last week to close or fulfill the close short from the 14th of September. So even though it's below the cloud and it's like h not again. It's done this so many times before which is why we take profits on the bounces. But I still think that long-term we could see ICP have a pretty good rally. Centrifuge centrifuge support dropped on Monday from 9 cents down to oh sorry 10 cents down to just barely 10 cents but 00994. Cool. Another bullish RSI reset. Cool. still strong bearish.
53:30 I'd love to see a bounce here. I'm sure as everyone else would because it fell down to price based support. The real challenge is can it even push up to resistance which is 51% higher. XP I need some Windex for this one. I got nothing. I literally got nothing to say.
54:03 My condolences. I mean, if you're I don't know anything about the project or the stock or whatever. All I can tell you is it's not XP. It should be tit or retitled KO cuz that's a pretty nasty drop from the low on Friday at 28.89 to the low on Monday at 13.78. That's a pretty disgusting gap. But granted, it left a pretty ugly gap from Friday the 2nd up to Monday the 5th from 2172 to 25.84.
54:43 But being down 45% that stings a lot. At least TBO support is just doing a bangup job, right? I mean, the price fell right to support actually pierced it. It looks more like a cryptocurrency to be completely fair. which isn't a compliment. It's up to you. I I don't know what's happening with the news. All I could say is if if I were looking at this chart as a buy that let me say it this way. I would not buy this if I had the money. I wouldn't even buy a couple shares.
55:22 Mainly because I've seen too many cryptocurrency charts look like this. So I've been mentally scarred by charts just like this. So I don't really see any benefit to risking my own cash to buy a dip on this. But if you want to do it, it's holding above support. Hooray. That's a pretty disgusting drop, though. And then we get into the fallacy of, well, it fell from $32. Therefore, that's where it's supposed to go. Well, I have to explain something about market mechanics. You see, when prices fall this bad after hours and leave a big gap, it's because the people with money have decided this is an overbought POS.
56:03 Let's dump it. And that's what happens. And they dump it whether it's news or fundamentals or news or fundamentals. so while you as an investor or rather a retail trader might look at this as oh an amazing dip by opportunity just understand the market has spoken is dropped whether it's this whether it's lab or dexi or h or teraluna or whatever other cryptocurrency you want to fill in the blank with the market's pretty loud and clear about a lot of things. It's just us, the retail traders that look at things going, "Nah, this is this is the bottom. I'm going to buy the bottom here." Just just careful there.
56:41 Algarand is about to confirm an open short today. So be it. That's fine. If you're going to do it, great. Then that's going to give us an opportunity to see an open long or a close short. USD COP against the Colombian PO. No, that would be an Espa where they use the F sound, whatever. Oh, the Colombian peso. I don't know. Macro bearish like up the wazoo had a crazy bounce back over here in September to the fast line and got rejected because that's exactly what happens when you have a very macro bearish chart. So, if it goes up higher, well, there's a decent level of resistance here on the fast line on the weekly time frame at 3256, which isn't that much higher, only like 3.65%.
57:29 Blue Chip USD. new listing. So, I don't really have a strong opinion about this at all. Is there anything else on this? here we go. Mech C. that's weird. That's This is probably the Coinbase listing, isn't it? Oh, no, it's not. It's okay.
58:00 I don't know, guys. I mean, it's it's just there's not enough history right now to go, "Oh, yes, this is it. This is the one to pay attention to." It's also had a pretty pretty bearish drop. Yes, bullish or we said on Saturday this past weekend, but it's still very strong bearish. Moo, very strong bearish. just keep in mind charts can stay very strong bearish and continue to put in repeated bullish RSI resets over and over and over and over. That does not mean that it's the dip. Be careful.
58:36 You'll want to wait for either a big pump of volume and you want to wait for it to fall down. That way you catch an entry or a close short. That's what I would wait for. Nokia had a pretty big drop on Thursday last week. losing support which is macro bearish very bearish support dropped to from let me just get the numbers 8.246 246 down to 7.308 on Monday. Cool. We have a bullish RSI reset. Cool. But this really is a very strong bearish chart. Price-wise, it fell down to where it was over here in July. Notice a pattern. So, if it happens to rally up to the top of the cloud at 9.766, cool.
59:15 Enjoy. But it's flashing another bearish reversal warning. Another close long on the weekly time frame. Please pay attention. That's very bearish. Into it. it's not looking very into it right now. Yes, they confirmed it and opened long on Wednesday. Yes, had a good close on Thursday, but they're dripping back into the cloud and bearish consolidation mode. We have a bearish RSI reset on the daily time frame. On the weekly time frame, gosh, it's almost like this same exact thing has happened before back in the middle of August, moving up into the cloud and getting rejected. And now here we are last week moving into the cloud and getting rejected.
59:48 VRT still very bearish. Yes, we're working on a bullish RSI reset on this week's candle. Hooray. Exciting. Yes, TB2 bullish version is exciting, but it's very macro bearish, very bearish. And American BTC, very strong bearish on the daily time frame. On the weekly time frame, very strong bearish. Then that's it. Oh my gosh, I have so much to work so much work to do, but it's okay. And I'm glad that you guys are learning a lot from these videos. And if you are, I mean, that's what the little retweet or that's a little share button is for and it helps to grow the channel. And if you don't want to watch an hourong video, great. Watch it three times speed. I think that'd be pretty funny, actually.
60:36 And I want you to watch this video that I shared from last Sunday. It's really going to help you out. Until the next time you do, stay awesome and stay in the green. Peace.