Transcript
0:00 Hey guys, welcome back to the daily crypto market update. Yes, new look. It's just on the home computer because things are not going well for OBS. So, decided to build a new workflow, which is neither here nor there, but it's I'm just going to say it's insane the stuff that we're building right now. Basically, this just a custom screen recording app that I built for myself. That's awesome. So, it's kind of fun. going back to the charts here for BTC. Yes, closing down red on the day doesn't feel great, but the slow line is still up on the trending breakout indicator. I want to encourage you guys because if the slow line is pointing up like this, we're still good.
0:43 Remember where we came from? There's this huge, huge flash pump and then this what we're experiencing right now. This over here is super normal for BTC. All this crazy pumping stuff is completely abnormal. That is not how Bitcoin is. If we go back to the previous rallies where things were going like super duper nuts and we saw some similar price action, right? We're pumping and then we just chop. We chop around. We pump a little bit and we chop around, chop around, chop around, chop around. The main thing right now is that we are just in this chop zone. Okay. What we need to focus on is the direction of the line because the soul line gives us confidence. Now, if we were to see closed longs on the daily time frame, that's a different signal. That's where we could actually start to go, okay, I'm done. But we don't see them yet. We're still looking decent. Now, if we do see a close long on the daily time frame, that will be a big warning about a further drop, but we don't see any yet. So, we need to focus on the macro trend, which is up.
1:41 Is onbalance volumes moving average still down and bearish? Yes, it is bearish. Is RSI neutral? Yes, but we already had all of these bearish RSI resets. So, things are still weak right now for BTC. Now, on the 4hour time frame, we did have all these nice close shorts, and they did give us a big move up. It's just I didn't think we would get rugged this fast. But right now, price action is respecting this range of around $80,800 or $80,500.
2:10 So, for now, we're okay. We just endure the chop. Ethereum, same exact story. The only ding against Ethereum is that it never moved above the cloud. Now, because we have an open short, this is actually again silver lining here. This is actually a positive sign because when we have Why does this always happen when I start these videos? I have hiccups like crazy. When we get our closed, sorry, our open shorts, we get our close shorts, the orange diamonds. I am not expecting a big fat drop like what we saw back over here in May and June because that was a different time. And now because the slow lines moving up, yes, we have a bearish confirmation signal, but I still think that we could see close shorts. We might not see them before we get the next rally up higher. But the fact that we are in a bearish confirmation zone, yes, we should be a little bit cautious, but I'm also looking at this again with a very rosy attitude. Now, Bitcoin dominance deserves way more attention because yesterday's draw even though it closed up 0.01.
3:16 Oh gosh, it has a nice lower wick. If we go to the 4hour time frame, just putting in these lower lows is great. We also have a close long on the 4hour time frame, which tells us that there's weakness on the chart. This is all good stuff. So, I'm still expecting mark sorry, the Bitcoin dominance to drop down here towards 59% or lower. Also remember we had a very crazy overbought reading on RSI last Sunday on the 18th all the way up to 87.01. So we got a confirmed bearish RSI reset on Thursday.
3:47 Now we're just waiting for this to fall inside the cloud just like the last time just like over here. So we haven't gotten any of our TB2 bearish divergences like we did back over here in May. I am expecting them. And once we see these, we should see a very nice pivot or transition for dominance. not to go to stables, but to go to others. Now, stable coin dominance is still macro bearish because the slow line's still pointing down. Yes, we're back in bullish consolidation. Yes, it's annoying, but we already had our bearish RSI reset on the 9th of October. So, we're going to see lower highs on RSI and we're going to see this inevitably fall down lower. Do we still have that pesky fast line up here to tag or to touch on the weekly time frame? Yes. but it keeps dropping every single week that it takes longer for the price to move up there. The moving average is going to be coming down to meet it. So having it move up or rather stable coin dominance moving up another 6% that would sting in the short term but that would free us so that way we could go down on this chart which would be up and everything else.
4:53 Others dominance dropped more yesterday down basically 87%. Here's the thing. Three closed longs is bad. Three closed longs since the 14th, the last 10 days. That's really bad. But is the slow line pointing up? Mhm. So, it's still macro bullish even though we're in bearish consolidation mode, which is super annoying and super frustrating. Trust me, I know. I still believe that we can see others dominance not just close above the cloud, but push above overhead resistance. still think that's a very likely outcome for this, which is a bull flag, which means we're going up higher. Now, totally 100, just so you know, the dominance chart for this printed an open short on Friday.
5:35 So, this open short is a bearish reversal warning telling us or not, sorry, a reversal warning. It's a confirmation signal telling us that we have a confirmed downtrend. Not really surprised because we already fell below the cloud back on a week ago on the 17th. But here's the thing. Because we have an open short, we're going to see an Sorry. Yeah, we we're gonna see a close short. Oh my goodness, too much coffee. And I'm also to be honest, I goofed up my first recording. So, I'm trying to like focus my thoughts and not think about the fact that I just wasted another 20 minutes.
6:08 Others got smacked down 4% on Thursday, down only 1.2%. It's back in bearish consolidation mode. It is frustrating. All this chop is really, really, really painful until it's not. And what's so funny is that the moment that we break above overhead resistance and we break above the cloud and we start going up higher and higher and be like I don't remember any of that pain. What are you talking about pain? No, no, no, no, no. So right now we're looking at some very very interesting and fun stuff. Oh, wrong command. There we go. So we have overhead resistance that has been very strong honestly for others dominance. So whether you want to call this the level or you want to take this as the level, it doesn't really matter. We're going to use the the next consecutive lower high.
6:57 But it's interesting to note how many times we've seen others dominance pierce resistance. One, two, test, three pierces, four, five pierces and a test. It's most likely going to be breaking above. It is a pretty big move for other dominance to make. It's a 5% move up to go above resistance, to go above the cloud. It's not impossible, though. And I still think that we could see something like that happen. Now, moving over to Tradfi, one of the amazing things about everything that's happening right now is the fact that the Dixie, yes, it closed up on Friday, but guys, it wicked inside of the cloud on Friday, last week, again, on Tuesday, and it closed on it on inside of it on Thursday. So, that's a pivot from strong bullish mode to bearish consolidation, which means that we're going to probably see it move up a little bit this upcoming week, maybe up to like 102 or something like that. But inevitably, it's going to be going a lot lower. Why?
7:51 Because it gave us warnings. A week ago on Friday, waking inside the cloud is the first side sign of weakness. Then we get a close inside of the cloud on Thursday. This week, that is a sign that we're most likely going to be going lower. Charts don't move in one direction. So, I think that we could see the Dixie move up before falling lower. But this is all very positive and it will be very positive for the euro which should inevitably move up to 1.15. And it should be very positive for the yen, which actually dropped ahead of the Dixie. It actually dropped like crazy on Thursday, down almost 1% and it went even lower on Friday, breaking below all the other local lows since the the end of September, which is great. We need to see this go below 152 though in order for things to get really really exciting and fun. Now, one of the things that I think is so interesting right now, given all the fear and the FUD about chip manufacturers and AI selloff and all this stuff, is the fact that the S&P futures is just down 41% on the day. And you want to convince me that we're bearish? Really, really, really? I mean, the slow line is moving up even more aggressively.
8:57 And on the weekly time frame, it's basically right there at the fast line. So, this is a bounce zone. This isn't a place where we freak out at all. So, I'm still very annoyingly bullish on Treadfly. Are some charts dropping a lot? Yes, they are. But not the entire industry is dropping. Is the VIX up higher? Yes, it is. But it's putting in a lower high. I'm not really freaked out. Is the Cosby in danger? Well, it did close below support, which is not really a good sign of strength, but it put in a lower low on the chart and a higher low on RSI. It's bullish divergence. I mean, it's also about to put in a short-term double bottom bounce because of the low set back over here in July. Now, oil futures just spitting in my face. moving up over 4% on Friday above the wick from back here in March. So, it's just made a higher high.
9:55 So, this this chart's causing a lot of pain as well, unfortunately for precious metals. Now, one thing that's really interesting yet again is that for gold, we have a lower low on the chart with a higher low on RSI. Yet again, I mean, I know that it's still bearish. I know that silver is bearish, but same thing. Lower low on the chart, higher low on RSI. That's bullish divergence. copper fell down to the TBO slow line which is a perfect entry. Where is that? Is that is that right at 6:30 where I was talking about it is. So we got our 630 entry. It's up about 1% so far. I still think that it will pop back up to resistance at 6.7 and then Pax G again is a very interesting chart because the correlation between Bitcoin and gold right now is so close. Now, if Bitcoin were to dump to drop really badly really violently all of a sudden, yes, we would see a big move up here because Bitcoin would not be performing as well as gold, assuming that gold's going to hold steady. But the fact right now that it's still macro bearish, the slow line is still angling down, it seems to me like gold is basically doing nothing and we should still focus a lot of our attention on Bitcoin. Now, I want you guys to go over to the bettertraders.com because there's a ton of stuff that's being built right now that I'm just so excited to share with you. But even before all that stuff is shared, you guys should definitely check out everything we have available. Whether it's the TBO indicator or our recovery year playbook, which I announced on my video on Sunday, you can also get access to the TVO from the better traders club as well by joining the trader tier, which includes a ton of stuff. includes over 3,000 TBO alerts, TBO indicator, the DCA back tester, the oracle bot to give you multi-time frame readouts of coins using the TBO but RSI on balance volume like tons of stuff giving you like there's it's a lot. It's a lot.
11:51 It's a lot. It's a lot. Also, you should check out the Better Traders Journal app which is available for your smartphone whether it's an iPhone or it's an Android device. You can download on the App Store or get it on Google Play. And also want to remind you guys that you can enter to win a $500 trading bonus giveaway when you use my link to sign up for call sheet down below. Even if you don't win, even though a winner is announced every single Sunday, you are still going to get a bonus of $25 if this is your first sign up for call sheet with the link down below when you trade $50. So if you trade $50 on Call She per, you're going to get a $25 bonus whether you win $500 or not. And if you trade $50 on the prediction markets, you'll still get a $25 bonus as well.
12:32 So, it's it's a pretty good deal. So, we're going to get into my picks. And as always, 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. If it's a stock, write stock. It helps. And then if you do that, you owe me a like, subscribe, or follow an X. and then consider reposting, retweeting, or re-sharing this video or other videos on my channel on your socials with your friends and families to help me reach my target of hitting 100,000 subs this year. All right, we're going to get started first with my picks.
13:02 All right, first we're going to start off here with cards. Just an update. This chart's one of the more bullish ones out there right now. It has been putting in lower highs on RSI. It is a little bit worrisome, but on bounce volume is still super bullish. So is the TBO. If we happen to get a pull back to the fast line this weekend at around 30 cents, it's a good buy the dip opportunity. The charts really, really nice and whippy. So it's a very fun chart for trading. now ICP, Internet Computer, has a crazy development. Yes, it dropped a lot on Thursday. Yes, it's been in bearish consolidation. Yes, it's been very frustrating to watch. But on the weekly time frame, remember this TBL closed short? Maybe not. It's okay. It's a long time ago. It was back on the 14th of September. A TVL close short tells us to expect a pullback to the fast line.
13:53 When we get that pullback to the fast line, that's our entry opportunity. And we just got that this week for ICP. The weekly time frame is seven times more important and stronger than whatever we see on the daily. A close short is a good sign. There's a difference between now and over here in November a year ago. big difference because of what Bitcoin has done. Now, if we go back over here in this cycle, we never even saw a close short back over here in 2023. It just rallied up higher. So, we have a bullish reversal signal that's been fulfilled on the weekly time frame.
14:28 This is a huge signal. Useless is still looking good. It's one of again one of the stronger charts. Even though it's not just going up and to the right, I actually like this price action better. it's still in bearish consolidation mode. It still has an open short confirmed from a week ago, but I do think that useless is going to be moving up to the top of the cloud, which is 35% higher. Monero XMR has now retraced back to its fast line after having a really nice push above the cloud Thursday the 15th up 20% over 7 days. So falling back to the fast line is a TBO springboard balance setup. So entering at 570.88 88 and resistance at 656.74 is a really nice setup because the chart has such strong bullish momentum.
15:13 M mean meme court. Now I'm still looking at this chart going re really you're going to do this really because we have some really strong bearish warnings here. TBO breakdowns. We have a TV bullish divergence on Thursday on a 15% move. Friday it closed up barely 1%. Today it's up 4%. Really? I mean, it's a really strong bearish chart. You sure you you sure you got the energy? You sure you really want to do this? Now, if it happens to run and rally, great.
15:42 you want to watch for resistance up here at the top of the cloud at $146, but that's that's a tall order. I don't know if that's going to be able to do it, but if it does, trust me, it's going to be a one and done. Wham, bam, thank you, man. Pepe actually pumped up to TBO resistance perfectly on Friday. still closed at 4%. But it actually wicked up 17%. basic attention token BAT is about to hit its fast line. It's currently at.1606.
16:12 Resistance is at.1948. The last time it tagged the fast line, it actually didn't ever since escaping the cloud on the 22nd of September. The closest it got was on October 8th and then it rallied up 133%. So if it hits that fast line at 16 cents, there's resistance at 19 1.5 cents. So it's a 20% move. Beam still very strong bullish. Beam moved up 10% on Friday while everything else was dumping. Follow the trend. The trend is your friend. Trend is crazy strong bullish.
16:43 Oh yeah. Do you remember by the way the predictive wick on beam? Mhm. Now of course not everything is crazy bullish. Salana also printed an open short, which is too bad. It's a bearish confirmation signal, but in the same vein, as I said before, for Ethereum, this will most likely give us some close shorts, just like we saw back over here in early August. And then off to the races yet again. Same thing for Cardano. It felt lower. It's getting closer to our support level here on this basically, it's a bare flag, to be honest. so yes, it would be great to see this push off of support, but a bare flag technically means we lose support, come up to test it, and we go a lot lower. We have way more pierces, way more closes above resistance compared to support. So yeah, Graham, as I was warning yesterday in the Better Traders Club about this one, yes, it fell to support. Yes, it looks good, but there's a problem. The more times we see a chart hit support, it weakens it over and over and over. Just think of Jack Nicholson and The Shining with that big axe, right? Every single smack of that axe on the door, inevitably, Shelley Duval is going to get the thrill of her life to meet the man of her dreams once he breaks through the door to her heart. If you haven't seen The Shining, that's exactly what happens. It's a romantic comedy. You should watch it this weekend with a loved one. Not with kids because it's a romantic comedy. Kids don't like those. But with an adult, yeah, just tell your significant other hasn't seen it before. Let's watch. Aaron recommended a really fun romantic comedy with Jack Nicholson and Shelley Duval.
18:26 It's called The Shining cuz it's about the shining of the heart and it has twins. It's such a fun movie. No, not the, you know, not Arnold Schwarzenegger and what's his face, the super short guy, not Joe Peshy. oh my gosh, the guy is in Always Sunny. It's always sunny in Philadelphia. Comet Warriors. World Coin dropped 11%. Printed a close long on Friday. That's not too good. It's still macro bullish. We've seen World Coin though whip and dip up and down. I know a lot of people have been like asking, "Okay, you're saying buy the dips and sell the rips." What are you talking about? I'm talking about stuff like this, going up and down these big oscillating moves. Up one day, down the next, up one day, down, literally down the next. You should be finding charts like this and trading them. This is a You want to find any chart that's oscillating like this, even if it's flashing bearish reversal signs because it's good for trading. Aerodrome dropped deeper almost 7% on Friday and it printed a close long, which is rough.
19:32 Walrus token. This one finally closed below our short-term support level and printed a closed long. Not really a good look at all. It could still bounce back, but there's a pretty big ding in the uptrend. Injective Protocol closed on Thursday inside of the cloud. Closed a little bit deeper, 1 and a half% on Friday, but it's still above support. If this loses short-term support though, it's it's delaying the bigger uptrend that I was waiting for. Now, on to the club picks. Honey, anytime you see a chart with a nearly flat slow line, just consider this to be chop city. We're going to see a whole lot of this crazy stuff happening. Again, good for trading, frustrating for holding. When you see though, let me just flip this on its head. Now, we previously had a very strong bearish macro trend, very bearish. And then finally, the bearish trend stopped being so bearish and now it's flattening out. So, now it's in a transitionary period where inevitably we're going to see that slow line curl up so long as the price can perk up. 2Z.
20:43 this is one that it lost support way back over here at the beginning of October. And I said, " guys, I know we were talking about this one. Yes, it had a nice 70% bounce, but because it's lost support, it's most likely going to keep dropping lower and lower and lower and lower. And what has it done? Going lower and lower and lower and lower and lower. So, it's still very bearish. it's going to be a very frustrating chart. Yes, it's had another bullish RSI reset on Wednesday this week, but it's done this every single time it's lost support.
21:09 Still a little bit confused why this chart hasn't really done anything when everything else is pumped. Well, not everything, but so many charts have pumped yet this one hasn't. So, it's a very interesting chart. I think it'll have its day. But, yeah, Flow is looking good. I mean, if you're a DCA trader like I am, and I have a bot running on this, so I'm very happy with Flow because it just keeps buying the dip and it sells the bounce. Every single little bounce that goes up at the fast line, it's good for me. there is support on the daily time frame down here at 0.023, which is the low, the Pico low from end of July. Then there is another low here from historical support at around 0.02. 026.
21:50 So, it is looking pretty bearish, but it's just chop city. I love choppy charts like this for a for DCA bot trading. Speaking of AI is incidentally a very good chart just for this and yesterday's move is amazing. What is this 12% is perfect faster time frames charts like this are amazing especially for bot trading. It's really good. pump pump fund is still macro bullish, but seeing again a second close long that put on Thursday's 11% drop is really bad. It's a really bad sign.
22:27 we already have a bullish RSI reset. Hooray. But it needs to close above the cloud in order to regain all that lost strength. Pangu is still in bearish consolidation mode with a very flat slow line. So, there's no trend. It's just chop. Bonk is still strong bearish. Ever since it dropped below the cloud back on the 12th of October, it's like, no, it's strong bearish. The soul line is still holding that bearish momentum. Now, the moment this can push up inside of the weekly cloud, then we got a chance. Then it's going to be pushing up higher. But for right now, it's it's really struggling. Dennis token after seeing three close longs, it pushed up on Monday to close the third close long.
23:05 Pushed up a little bit higher. Now it's back inside the cloud. This is a dangerous setup. someone was asking me in the club who had some Venice token and they're saying, "Well, what should I what should I do?" I was like, "I can't tell you what to do." But if I was holding position on Venice token and I had been buying the dips, I would be taking out a lot of profit here, reducing my position size at the fast line because this is a pretty bearish sign. If it goes up to resistance and you're holding some of the token still, cool, you can sell a little bit more, but it's still a bearish reversal. So, this is why we do that. hyperlid. This one lost support. It's still technically macro bullish because the slow line's pointing up, but obviously that trend is not moving up to the same debris as it previously was. Fetch close below the cloud. That's a rough spot right there.
23:54 Yes, we want to see this thing bounce up not just at the fast line, but way up higher. It's going to take some time. It's also below the weekly cloud, too. H it needs to bounce real bad. It also needs to go over soul and RSI. Moment that happens, then we have some bullish momentum to to bring us back up. Aer Drrome closed below the cloud on Friday about 7% and now it's strong bearish below the cloud on the weekly time frame. We don't even have enough time there or not enough candles to give us the cloud. But it's having a pullback. It's okay. We just wait. We buy the dips and we just be patient. We sell the bounces. B coin.
24:32 Nothing has changed since the close long on Thursday. waiting for it to flick the fast line at a 104 edge. this one lost support a while ago and it also lost long-term support back on a move here on Wednesday in the middle of the month. It fell down to TBL support, wicked basically just into it and now it's bounced a little bit. Had a bullish RSI reset confirmed on Wednesday this past week, but it's still very, very, very bearish.
25:00 Unusual machines. We're going to see more of this happening and this is a good sign, potentially good. So, anytime that TBO support, which was at 7.57, moves up this time to 15.79, it tells us that this new low is a very strong pivot low. It's a very, very, very positive sign. So, because we're looking at this chart, this stock ticker, and things are really oversold right now, things are quite bearish. And remember this chart had six coals longs since August. Very bearish. Very bearish. So now that it's fallen down to price base support from over here in July, support has moved up on the TBO to tell us and to confirm yes, that's a nice pivot low. And RSI just moved up again to print a second bullish RSI reset. Now, there's a caveat. There's a catch.
25:53 If UMAC closes below support at 15.79 next week, then that's going to be a very bearish chart and we should be expecting it to go a lot lower. But it depends on how it's going to hold the chart. It depends on how it's going to hold rather that support level. moving on, Airbnb is still macro bullish above the chart. oh, sorry, above the cloud. Bearish RSI reset confirmed on Wednesday, but the slow lines up. On balance volume agrees it's very bullish. Robin Hood. so here we go. TBO support moved up from 65.18 all the way up to 94, which is a good sign.
26:32 It's a very positive thing to happen. Now, there's again a catch. If it closes below support, that's really bad. It's right here at the bottom of the cloud. I'm more optimistic about everything right now. So, I think buying the dip makes the most sense, but hey, we'll see. Coinbase confirmed an open short on Thursday. It's still down. if we continue to see some more bearish vibes in the markets, well, that's where we look to buy support again at 139.18.
27:03 Marvel Tech. it's still in bearish consolidation. It hasn't closed the close long from two weeks ago on Wednesday, but it's holding up really well. It also has a bullish RSI reset. So, we have higher lows on RSI and lower lows on the chart. That's bullish divergence. AX N TBT bullish divergence confirmed on Thursday. It's a huge increase in RSI this week. Wow, it's amazing. And it's right at the fast line. This the first time it's touched the fast line since it printed a close long on the 31st of August.
27:39 That's a long time. It's a good bullish reversal signal. However, the slow line is pointing down. It's still macro bearish. It's strong bearish on the weekly as well. So, while this feels good, it would be wise to shave off a little bit of profit here just in case. CRK on Thursday fell down 2.25% into the cloud. So, we're in bearish consolidation mode, but the slow line is really bullish. We had a bearish cross on on balance volume, but it's really similar to what we saw back over here in September and it ripped and roared higher on the weekly time frame. TB2 bearish divergence, bearish RSI reset on on weekly RSI, but it's still very strong bullish circle internet group chop. See how the cloud is just compressing to like a crazy degree. The cloud right now is about 3% in its width. So, that's a crazy TBO squeeze.
28:32 We're going to see an explosive move. I just don't know which direction it's going to be. FT NT for Fortinet. I want to say Fortnite, but no, Fortnet. well, it closed the closed long from last Friday the 16th, which is good. Slow line still pointing up. Still very macro bullish on the weekly time frame. Yeah, it had to be divergence last week. This week closed up 6%. Still very strong bullish though. Looks good. Crowd strike. Wow, great close. closed to close long from a week ago on Friday. It's looking very nice.
29:04 Had a bullish RSI reset on the weekly time frame and needs to push above this resistance level at 276.39. Very strong bullish chart. That's crazy. Service Now put in a new higher high, closed above resistance on Thursday, held it on Friday, confirmed an open long on the weekly with a 12% close, and it's overbought an RSI. Wow, that's an amazing week. So, on the flip side, losing support on the TBO at 15.26, it's very strong bearish slow lines angling down on balance volumes bearish. It's strong bearish on the weekly chart. It was a super weak bullish RSI reset from a week ago 23.89 to 25.07.
29:55 I don't know about that, but it is technically a bullish RSI reset. We'll see. PW really nice close up the week back above the cloud. Closing the close long from last Wednesday the 14th. Had a bullish RSI reset which is awesome on the weekly time frame. It just flicked into the fast line and it bounced up this week 11%. It's good. GitLab very nice close on the weekly still overbought. RSI looks great. It's above the cloud on the weekly time frame. That's good. On the daily time frame, it just needs to push above 57.22.
30:29 Figure technology. Two TBO breakdowns Thursday to Friday. It's already lost support back over here on Wednesday, October 14th. And it's losing support again. Lower lows on the chart, higherish lows on RSI on balance on the TBL, the crazy bearish. And on the weekly, it's now at all-time lows. Alltime lows can continue to be all-time lows for a very long time. Do not be fooled or deceived thinking that this is a good buy. It's a good buy. light TBO open short confirmed on Thursday. So it's a bearish confirmation signal.
31:07 Who need to change the scale. There we go. it's pretty bearish. I don't know what else to tell you guys. I mean there's support at 650. Yay. We have a closed long on the weekly time frame. And that's a bad sign. The last time we saw that happen was back over here over on the 24th of February 2025 and it dipped 35% after that. Not going I'm not saying the same thing is going to happen again, but it is a bearish reversal warning. It's it's a pretty bad setup. SK Highix, yeah, it's had a pretty rough week. it's because everything that's happening with AI and chips and stuff, but guys, lower lows on the chart. higher lows on RSI. I still think that SKX can bounce back. I I've been in crypto too long. I'm too optimistic when charts are crazy like this. LEN great close of 8% on Thursday. Close short, which is awesome.
32:09 There's a lesson to be learned here. when we see a lot of close shorts and no results, no bullish bounce happening, we should just go like, okay, thanks. I no I don't believe you anymore. And it just drops. Now it's back basically up to that same level. It needs to close above the cloud. It's overbought on RSI. Hooray. Has a TBT bullish divergence on the weekly. Hooray. Cool. But it's it's still bearish. Coreweave. Very strong bearish close. I mean losing TBO support. Now that you can see this in hindsight from Wednesday the 14th, it's a really bad move because it means that there's bearish momentum play from 67.88 88 down to 54 down 18%.
32:49 RSI is oversold 16.52 which is just above 16.28 back on the 14th. So a lower low on the chart, higher low RSI. Yay. But I mean it's it's Tom Petty, man. Tom Petty all the way in the Heartbreakers. Seriously free falling. Now on to some YouTube picks. GDX still bearish. there is good support here at 73.77 on the TBO. We're not even oversold yet on RSI, which I think would be a really good dip by. And again, that's a pretty good price target for there. KRE closed just barely above the cloud. It sure did. Look at that overbought RSI. Really nice bullish close on all balance volume and all balance volume is now curling up just a little bit. It's really, really, really nice. A TBO closed long on Thursday. The slow line's still pointing up. It's incredible that a is holding up this well to be honest. I know it doesn't feel so good if you're holding from like back over here at 174 and you're down 16%. Compared to some of the other charts though, it's holding up like a champ. Avac dropped another 5 and a half% on Thursday, down a little bit more on Friday, but it's oversold now in RSI. This is amazing. Why?
34:09 Because when we have bearish RSI resets, it tells us that we should be expecting the chart to reverse down. So vice versa, when we get a bullish RSI reset, which is looking like we're going to get one this weekend. Now, we should be seeing a move back up. I'm not saying it's going to go up and up and up and up and up. It will right now, though. I don't think it's going to happen, but it's a really good bullish reversal sign. Arbitrum, again, slow wins in the end, man. It's still macro bullish. It's still really good. Volume is falling off a cliff. like it's not anywhere near where it used to be and on balance volume is flatlining so there's no trend but I'm still bullish it's still holding historical support at 17 it's amazing per which is the hyperlid ETF so TBO support dropped from 880 down to 855 on Friday that's not really a good sign it is in the bottom of the cloud it could still bounce a bullish RSI reset a really nice one from Tuesday this Great, now go up. so you want to be aware of the top of the cloud, which is 28% higher at 1120. And then of course, if things get really crazy, 13.98 bit minor. not really a lot happening.
35:20 It's in bearish consolidation mode still, mainly because crypto's in bearish consolidation mode still on the weekly time frame. Pretty boring as well. It's just on the fast line. Nothing really happening except for all this glorious volume here for on balance volume. So even though the price isn't doing anything that volume is very very very helpful and informative to this one is inside the cloud still we have four TBO closed longs from October this month alone it really needs to just go quickly oversold below 25 and then we can get a nice bullish reversal near I think I looked at this one but maybe I didn't still very strong bullish on the slow line it's still holding above the 0.5 fib level Again, it it doesn't feel good because it's not pushing up higher, but it's holding up so so well. Bloom Energy has taken a big drop ever since our TBD bearish divergences on our cluster on the 12th of October. Closed long on the 14th of October, open short on the 21st of October.
36:21 Yeah. And now it's almost at support at 184.88. Now, there's still a really, really annoying gap. I don't know if it's going to necessarily close it here at 139.42, forward to, but that gap is from April of this year. I'd love to see the gap get filled. but just looking at short-term price action, RSI is oversold again, higher low and lower low on the charts. Bullish divergence. So, yeah, Zcash after pushing above the cloud on Wednesday back inside the chop is real. Fatigue is real. This is why we zoom out. So, is the slow line still bullish? 100%. and Monero XMR. I am pretty sure I already talked about this one, so that's my bad. Get out of there.
37:03 Cool. So, the main thing I'm focusing on this weekend right now is others dominance. If others dominance continues to struggle inside the cloud, then yeah, obviously it's going to reflect in a lot of the coins and the tickers we're trading right now. But if Bitcoin dominance continues its descent to go down, that means that dominance is going to flow into others. pushing above the cloud on the daily time frame would be a huge, huge move for others to go up so much higher, which I'm still expecting to have happen. But the main thing is that we need to remain patient. Patience pays longterm. The chop and the fatigue is real. I'm right there with you. I'm holding positions like all of you. I'm just going in crypto since late 2017. I have been in bull and bare market. I've been through disgusting periods of chop. It's so frustrating. But patience pays big time. And do me a favor. The next time you decide to take some screenshots, take profit first. Remember that one.
38:06 That's a really helpful one. Write it down. Okay? And I want you to watch this video. It's going to pop up right here. Hopefully, it's right here. I don't know what this new system. Maybe it's right here. It's so weird. Everything is flipped. But I want you to watch this next. Until the next time, you know what to do. Stay awesome and stay in the green. Peace.