Transcript
0:00 Hey guys, welcome back to the daily crypto market update. BTC dropped more over the weekend from Saturday's Sunday. Well, with a lower wake on Saturday, down 2% to 79,220 bucks. It's still in bearish consolidation mode after a brief little move up and out of the cloud on Tuesday and Wednesday last week. We are now to a lower low. Now, the fun this is where the fun part happens cuz what do we got? I mean, this is basically just a bull flag putting in lower highs and lower lows. So, again, the slow line keeps pointing up. Still macro bullish.
0:35 RSI is down to the level where it bounced last time on the 8th of October. If it goes lower, cool. That's fine. there's also a lower level over here on the 16th of August at 30.37. So, again, I know that it's it's frustrating to wait and just to watch it drip and drop lower. if it happens to go lower again, the slow line down at $71,000 is always a really good dip by opportunity because that's exactly what happened. 3 years ago in 2023 when the market started to go crazy, we saw a big push above overhead resistance and then we had a big pullback of over 20%, 22% down to the bottom of the cloud on the 10th of March and then it just moved right back up. I don't see anything different with this time. So, if we do have that big massive pullback 20%, again, I've already made videos talking about this, warning about this happening. but I'm still looking at this as a bullish chart. And if it goes lower, we buy the dip. That's it. Ethereum also had a lower wick on Saturday, down 4% down to 2,282 bucks. That's a lot of twos. And then it's now just about 8% more to go till it hits the slow line. This slow line, the slowest of the four moving averages of the TBO is still super strong bullish.
1:58 Now, I'm still voting on the trend. The trend wins in the end. in terms of our short-term support, yep, all this stuff has been thrown out the window. Ethereum has lost all these levels. It's looking weaker and weaker and blah blah blah. It doesn't really matter right now. the next level to watch in terms of Fibonacci retracements from back over here on the 15th of April is the 786. I actually want to go deep. Well, not deeper. I want to go further out. There we go. So, we're below the 382. The next real level is 1994. O, can you imagine that? So, I still think that Ethereum going down another 8% is very likely. I mean, in terms of price action, sure. and it would be a really rough dump. But that's where we get a nice buy the dip opportunity on a chart that literally ripped way too high. The last thing is that yes, we still have a fair value gap that hasn't been filled.
2:56 I'm a little bit skep skeptical, I guess you could say, about it being filled. it's just working it down bit by bit, but going down here to 1906, that's most likely not going to happen. I don't really see that happening. Bitcoin dominance, good news. I mean, even though we chopped basically sideways, we do have a red close on Sunday and resistance from the TBO at 60.25% moved up to 60.66%. So, this move in resistance tells us that the high on Sunday is a strong pivot high. It also tells us that if Bitcoin dominance can close and hold above that level, there is a very strong there's strong bullish macro momentum. I guess you could say for Bitcoin dominance. Now, I'm still leaning more towards this falling. This is good. This actually happened back over here, too. Resistance moved up, moved up a little bit more, and it got rejected and it fell a lot more over here in the middle, sorry, the beginning of September. So, still waiting for that outcome. In terms of stable coin dominance, it is slowly drifting up. It's still in bullish consolidation with the slow line basically unchanged 100%. It's still bearish. So yes, we have a a remaining touch over here on the fast line at 10.068. This just keeps dripping and dropping lower. It's now just a 5% little wick up to hit that. And then that's our green light. That's a buy the dip, massive buy the dip signal. So we're still good in terms of waiting for that to happen. And why are we waiting for that to happen? Because the exact same thing happened back over here in March and also again over here in June 2023. So I think I think that we're going to see the same thing happening again. Others dominance this one on the daily time frame at least it didn't dump over the weekend which is super encouraging. I mean Sunday closing up 26% is really good. This is a bull flag as well. We're looking at lower highs and lower lows on the chart. Yes, we have three closed longs. These blue diamonds are all bad news bears. Okay, but the slow line continues to point up.
5:07 It's still macro bullish. I would love to see RSI go oversold. Just a quick little drop because that that's a much more conservative entry signal. Now the others market cap unfortunately is mimicking the market right now or Bitcoin and Ethereum's drop on Saturday down 5%. but it's just dripping lower and lower. still not oversold on RSI. Onbalance volume had another bearish cross below its moving average. on the 4hour time frame, no other signals or signs of a bullish bounce like our closed shorts that we watched before, which did give us a bullish reversal.
5:42 It's just it didn't last. Now, looking over at Tradfy, not much has obviously moved over the weekend, but this is just a quick recap on a couple of things. For starters, we know that the dollar index had bearish divergence. We saw RSI putting in lower highs and the price putting in higher highs. So we are expecting a pullback. It didn't close above the 0.5 fib level 102.603. And better yet it wicked inside of the cloud first on the 16th of October then again on the 20th and the 21st and then closing inside of the cloud last Thursday. Popped up above on Friday. And here it is. It's above on Monday. But this is a very good sign of weakness for this chart. And the reason why this is good is because a falling DIX should be very good for the stock market and crypto in turn or Bitcoin namely. And if Bitcoin is doing well, crypto will follow. Now, because we fell inside the cloud, I do think that we're going to see the Dixie move up to like the 102 range before falling lower. Mainly because it's just been well, it's just like a normal pattern.
6:49 Oh, and by the way, this will be kind of fun. I made a video about the TBO Pro yesterday. I don't know if you guys noticed that video. Some of you did. it's really interesting to notice a couple of things about this. We're going to turn on those M and X markers cuz check it out. So, we already had these mature signals. That's the M. And then the X means extended. So, when this is going up higher, this also gave me confidence to go, you know, I I know that everyone's really excited about this uptrend right now, but it's not looking that good. It that I don't think this is going to really last that much longer. And lo and behold, bada bing, bang, boom, that was the case for the TBO Pro. So, that nailed it again. Awesome. Now, one benefit of this, again, let's flip on the TBO Pro just for a minute. Here we have the same inverted signals happening here, which is really encouraging. Now, this part's crazy. I'm actually going to hide this so we can see this table up here. It's still a little bit small, but just bear with me.
7:51 Right now, the euro has been below the cloud for 28 days, which is almost two and a half times above baseline, meaning the usual amount of time for the price to be below the cloud on the daily time frame is just 12 days. and we're at 28 bars, 28 days. Plus, our move right now is super extended. Yes, it's only 3%, but it's a currency. That's normal. And we can see that we're also two times over the baseline move. So, how do we interpret this? We know for a fact that this is one of the longer periods that the euro has been below the cloud by a ratio of whatever 2.5 to 1. And then we're also way over by two the normal amount that it would be below the cloud.
8:42 Plus, we have a maturing an extended signal right here. The maturing one on the 1st of October, the extended on the on the 14th of October. So what? So what? This tells us that the move is way overextended. That we're due for a bounce. And once we do, it should be a very, very good bounce. The reason why I say that is because usually when moves are super duper overextended for a long time, we're going to see a quick correction back because the market has realized, wait, this market is priced incorrectly. This is most likely going to be going back up. So, I still think that the euro will be moving up toward the 1.15 target, which is a TBL slow line. Okay, just wanted to give that quick little insight. Cool. USD JPY had a beautiful close below the cloud on Thursday last week. confirming a move from bullish consolidation zone, sorry, bullish consolid consolidation mode to strong bearish mode. And you notice that look at this cloud.
9:41 So the cloud was kind of pointing up, flattening out, now it's pointing down. So we're back to macro bearish. This is so good. This is genuinely a very, very good sign. And the reason why is because if the yen continues to lose value, meaning that the price goes up here, it puts a lot of pressure on the world. Because the yen is a very very I wouldn't say it's super important, but it is a global currency that it has it has a lot of weight. We'll say that way. So the ultimate best outcome for the yen is to honestly keep falling lower. The fact that it's below the cloud is great. The fact that the slow line is pointing down is really good, which means that our next target to hit and to break below is 152. If that happens, that will be amazing. This is this is a very slow avalanche, but this is a great first move. S&P futures closed red inside of the cloud on Friday. Today, it's still inside of the cloud on Monday. Today's just getting started, but I mean, there's not really a lot to complain about right now. The slow line still is pointing up, telling us that the macro trend is still super bullish. On the weekly time frame, last week's candle hit the fast line.
10:56 Notice the last several times that this happened, we saw a pretty fun bounce off of it. Yes, fun. Over here on the 14th of September, over here on the 27th of July, both of these wicked to the fast line and it bounced. The first time it bounced up what, 6%, the second time it bounced up about 4%, so I think bouncing up another 3 or 4% is reasonable. Plus, it's still very bullish on the weekly time frame. Now, the volatility index of the S&P 500, just to keep a couple of things in perspective, yes, it's moved up quite a bit. last week it had that first big push up on I believe Friday on the 16th of October and then it pushed up a little bit higher on Thursday and Friday this past week. But you know what? I just I'm not really looking this as a threat. I still think that we're in pretty good standing now. Oil futures.
11:50 This one caused quite the commotion. moving up 4% on Friday the 23rd is pretty crazy. I'm actually really curious to see what the TBO Pro has to say. Huh. Well, we got a maturing sign or a signal. Go ahead and hide this back over here on the 20th of October. So, that's pretty good because it means that our move has matured. And in terms of price action above the cloud, I mean, yeah, we're almost two times above normal. The normal move, the baseline move is 9% based off of the last 50 trends. And the normal time above the cloud is at 13 bars. And we're basically there. We're on bar 12.
12:32 So, this move is getting it's not overextended yet, but it's definitely mature. It should be having a pullback to the cloud. So, yeah, really, really interesting. I just love the additional insights that I get with the TBO Pro. I don't use it all the time. I honestly just use the TBO and it gets the job done. It's totally fine to use just the TBO Pro, but sorry, the TBO, but the Pro just gives you a little bit more insight.
12:58 Now, this is exciting. This is really, really, really exciting. RSI on Friday last week closed at 24.43. The last time we were oversold was the 28th of September at 22.61. So, we're looking at a lower low on the chart and a higher low so far on RSI. And we're oversold on RSI, which means this is another dip by opportunity. Now, the obvious problem right now is that it's falling a lot lower to our local low here on this pivot on the 30th of June at $3,94210.
13:34 TBO support is at 3960, just above that. And we're getting really close to this level. I would love to see a bounce basically a double bottom bounce here, but it's also not really a good double bottom bounce because we are still up really high. the market is I mean this isn't really a double bottom. A double bottom is going to be down here like $1,659 and that ain't happening. But here's the truth about gold. Gold has a terrific history. Usually it just goes up. The only real terrible period for gold in the last 15 years. It's back over here from 2012 down here to 2016. and it made lower lows, lower lows, lower lows. But from here in 2018, gold has just been respecting these previous pullback targets. Like back over here, March 2021 at 1677. It bounced off of it over here on the 21st of August and it moved up a lot higher. It fell to this level, pierced it a little bit back over in July and September and also October 2022, but obviously it rocketed way way way way higher. So, I am leaning more towards a double bottom bounce, a short-term one, even though it's still very, very overbought in terms of where we were before.
14:54 Silver, this one closed below TBO support on Thursday. Pretty brutal 5% close on Friday. Printed a second TBO breakdown. These are the bearish inverse of the breakouts. And the location matters a lot. And when we see these print right at support, it's a it's a really bad sign. It's a sign that tells me that we could see this drop a lot lower like gold there. There's a chance Well, no.
15:27 Sorry. I totally I'm going to pull a Willy Wonka. Nope. Strike that. Reverse it. we'd already lost support. The pivot low was over here on the 17th of July. So, the next real level to watch for is the historical 1.0 level from I have to go back pretty far over here on this rally in May 2011, 15 years ago. I don't know if that's going to really hold up so well this time around. We'll see. But it is oversold yet again. So, we're looking at lower lows and a higher low in RSI, which is bullish divergence. It just is.
16:05 All right. I got a lot of stuff that I'm really excited to share with you guys, but before I do, I want you to go to the bettertraders.com. I want you to check out everything that we have available to you. One of the best things to do is over here in the tools tab. Get the recovery year playbook. This is a free PDF that gives you some tips and some tools and some strategies as well as some workbook pages to use to plan for this year or this phase, this period which is our recovery year, which is one of the best possible times to build positions for long-term ROI. so you want to grab it there. Also, the Better Traders Club is fantastic. The Better Traders Club is way more than a Discord server. I literally cannot wait to unveil so much more that we are working on. It's so pumped.
16:57 I'm going to stop. So yes, you get access there are three different tiers if you want access to the TBO. That's the trader tier and it comes with like 3,000 plus alerts for the TBO, but there's again way more. The TBO Pro is in obviously the pro tier. It's not for everybody and that's totally fine. For most people, the trader tier is great. If you just want to be a a cryptochipo, a tire kicker, you could check out the starter tier. You still get a ton of stuff. one thing that's really nice though about the pro tier, I will say, is that we've been working on this Oracle bot, which does automated setups, which is pretty interesting to watch play out, especially seeing them. And this one here on SNX was printed, not printed, it was shared on the 24th.
17:39 So, what on Saturday in the morning and then it already hit its first take-profit target over the weekend on some ungodly low number. Yeah, we gota we got to fix that. That's a really weird number. That's okay. But again, it's there's just a ton of stuff that's being developed and worked on right now. Plus, you should check out the Better Traders Journal. It is a free app. You can download it both on the Apple App Store and also on Google Play.
18:02 The reason why the journal app is great is because it's essentially the same ethos or the same framework as the paper journal, which you could still get on Amazon print on demand, but the app just lives on your phone in your pocket. And it helps you identify the why. That is the biggest mystery for most traders. You see your profit or your loss, but you don't understand what's the difference. Because maybe you're making the same decisions, but you're having different outcomes. And you're like, "Wait, this doesn't make sense. If I'm making the same decision, if I'm doing the same entries, but I'm choosing different markets or different periods and all the stuff that's happening, you don't have a way to track your performance. You don't have a way to go back and say, "Wait a second, I keep making the same decision when the market's like this or when I keep looking for this setup, this outcome keeps happening for better, for worse."
18:49 So, the journal is exactly created for that for that exact reason. Okay. Also, check out call sheet pers. Somebody won $500 trading bonus on Sunday. I don't know who. I'm still waiting for the email the first four characters of that person's email. But don't worry cuz it's happening this week, too. So, we start a new week. So, it's a new giveaway. So, if you want to earn or win rather a $500 trading bonus, you need to use the link down below that's pinned in the comment u or in the description to sign up for KCHI where if you trade $50 on Khi per, you're automatically entered to win a $500 trading bonus. We've had four winners so far. There's going to be many more. And one of the awesome things about this is that if you use a new account and you sign up with Kshi down below and you trade $50 on Cul Ps, even if you don't win the $500 trading bonus, you still get a $25 kickback bonus. And if you trade on their prediction markets, same thing. $50 traded on the prediction markets earns you a $25 bonus. And there are tons of markets and a lot of them are very attractive mainly because many of them have 0% funding. So you can just hold these positions which is really really awesome I think. Okay let's go back over here to Trading View.
20:02 wow it's amazing. 20 minutes right on the dot. What a great transition. 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 just write stock in the comment section. That would help a lot. and then if you do that, you owe me a like, a subscribe, or a follow on X. And then consider reposting, retweeting, or re-sharing this video or other videos on your socials with your friends, with your families to help me reach my target of hitting 100,000 subs this year. So, let's go. M meme core. Now, we saw some pretty interesting signals.
20:37 There's a couple of things I just want to point out. The slow line is very macro bearish. Anytime the slow line is pointing down like this, we're looking at a counter trend rally right now, which is very interesting. We have a TBO breakdown cluster right below support. Very convincing. And a TBT bullish divergence printed on Thursday last week. And then Saturday printed a close short and it already retraced back to the slow line. It's actually there right now.
21:05 Very, very interesting. mainly because we have two basically it's 2v2. We have two bearish signals, the breakdown cluster and the bearish slow line, but we have two bullish reversal signals battling it out. What do we do when this happens? Honestly, I just sit back and watch the chart do its thing. If I were to see another close short, that orange diamond, then I would be a lot more excited to enter or rather to start building a position. we already saw a bullish RSI reset confirmed on Tuesday the 20th last week. So, that is good, but we've also seen a lot of these bearish RS, sorry, bullish RSI resets over and over and over. And meme core also had this horrendous dump back over in June. So, I'm still thinking about that as well. Like, it's it's not the prettiest chart in the world. stable, which has been really really interesting, especially when it fell down to support last week on Monday and it bounced up what 18 or actually 21% up to Saturday, which is exciting. It's printed a second TBO close short. This is what I'm talking about. When we see more TBO closed shorts printed, especially on the daily time frame, and super close to that green dotted line, which is TBO support, this is a very attractive bullish reversal sign. Is the slow line bearish? Yeah, it's still pointing down. It's still pretty bearish to be honest. Did we have a bullish RSI reset? We did just like this one back over here in September and it failed.
22:37 Trust me, I know there's a lot of like marks against it, but seeing close shorts, two of them in close proximity is a really interesting sign to me. It's very appealing to me. Monero XMR had a decent close on Saturday at 5%. Gave a little bit of a way on Sunday and here it is. It's still above the cloud though. This chart is still super super strong bullish. So if we get any pullbacks to the fast line, we look for that tag on the fast line and we want to trade it up to resistance. That is a TBO springboard bounce. So the fast line is currently at 577.55.
23:16 Resistance is at 656.74. Grass. Yeah, grass. this one had a nice push last week on Wednesday above the cloud. Thursday it gave some back. Then it pushed back above on Saturday and Sunday. Now it's putting in a higher local high. This is a really nice sign. And it's a really nice change of pace as well. If only everything could be looking like this, but it's not. But there is a change and there's a transition to pay attention to. When charts were previously strong bullish, which this one was back over here in late September and early October, and it pulls back into the cloud, a wick inside of the cloud, like it here on the 8th of October, is a bearish warning. Even though it shot up a lot higher up to 90 cents from there, it fell all the way down back inside of the cloud on Wednesday the 14th, a week later, even dropping lower to Sunday the 18th. But pushing back above is good. The chart is not in the clear yet, but the fact that it's above this green area, which is the TBO cloud, is very good. It's a sign that it's strong bullish. It could still have a pullback inside of the cloud, but it's a very good sign of strength. Now, a by all shapes and appearances does not look bullish whatsoever. So, how dare you make this a green flag? Well, the reason why is because RSI is crazy oversold. It dipped oversold on Saturday, 22.73, plummeted more, 21.48 on Sunday, and right now it's at 20.15.
24:44 The lowest that we've seen RSI of recent was actually back over here on the 6th of June, 7.71. Yeah, that ain't going to happen again. We're not going to see it go that low. But the fact that it's oversold right now is excellent. It's a very positive sign. Okay. Now, for some other things to just consider, just kind of like nons just to chew on. We could still see things drop a little bit more. All right. Let me try to see if I can get the best.
25:13 There we go. We could still see a fall down to the 382 fib level. And what do we know about this chart? If you guys have been watching for a long time, I usually review this every week or at least once or twice a week. Mainly because this chart is beautiful in terms of respecting Fibonacci retracement levels, which are all of these numbers here, the 0236 382.5. If you zoom out on this, you're going to see it play pingpong with this over and over, just respecting it as support and resistance. Boom, boom, boom. Now, two TBO closed longs is bearish. I get it.
25:47 But on the hourly time frame, there's another thing that's happening. We're getting a lot of TBT bullish divergence clusters. So, these are still TBT divergences, the same thing. there's still that green triangle, but when there are three or more happening within three bars here on the hourly time frame, well, this is giving us a cluster signal telling us to pay attention because there's bullish momentum building. It could still be a while till we see this thing bounce, but the last time that we've seen those clusters, honestly, have to zoom out a lot. I don't even remember the last time we've seen them. So, this is a pretty big deal, I think. So, yes, we could still see it fall down to the 382. So, I think DCA is the right way to approach things. And yes, we still have two TBO closed longs, which is bearish, but that means that we're also waiting on a move up to the fast line. So, if we dip down another 5%, so be it. I think that's a good level to look for an entry, but bouncing up 17% would be pretty nice.
26:49 And again, this respects fib levels pretty well. Cards after having a huge push on Monday up to Wednesday up 50% pulled back on Thursday, Friday, Saturday, hitting the fast line. Sunday closing inside the cloud. Monday it's inside the cloud yet again. But this chart loves to dance around the cloud a lot. on the 4hour time frame. The most recent drop that we saw back on Monday last week went below the cloud. So, I think that we're going to see the same thing happen again and another bounce back up higher. This chart is just so whippy dippy. It's really, really, really nice and forgiving. Beam, this is the first touch for beam to hit the fast line. You notice how long it's been above the cloud for? So, this is again another reason why I'm a big fan of our TBO Pro. This thing is crazy. I'm shocked that we're not actually seeing any of these maturing or extended. Oh, we don't have enough data because there's only nine trends on here. Fair enough.
27:48 There's nine trends that are recorded. And once we get to 10, then it starts to give us some insights. But we might have more history on a better historical chart. Maybe I'm not going to get into it. But we already know this move is insane. I mean, over the last 11, sorry, of the last nine trends, the baseline move is 11 bars above or below the cloud. The baseline move is 17%. Where are we right now? 40 bars, 120%.
28:16 So, this is the first time since it's moved up above the cloud back over here on the 16th of September that it's even flicked into the fast line. But this is a TBO springboard bounce. So, again, we look for an entry at the fast line, which is at 0.002. 02891 in resistance is 12% higher at 0.003254. One comment about this before we go on. The first TBO springboard bounce is usually the best. It's the strongest. It's the most likely to bounce back because it's the first real significant pullback to the fast line that we've seen on the chart.
28:53 Every single one that follows after, it's a little bit weaker. It's typically been the case when I've been tracking this chart pattern for a couple of years, but the chart is, just trust me, it's extremely strong bullish. now Bitway, we've seen Bitway do a whole lot of crazy stuff. I mean, it's it's done the same thing, falling back to the fast line and then just pumping and ripping higher and higher and higher. Last week was different, though. Wednesday closing inside of the cloud deeper on Wednesday has slowed down the momentum of Bitway.
29:26 I'm not saying it's capped out. Not saying it's done yet, but it is losing momentum big time. It's still super strong bullish, but it's now in bearish consolidation on the daily and on the weekly time frame. Just so you know, it printed a TBT bearish divergence on last week's drop of 30 almost 31%. And RSI printed a bearish RSI reset, meaning that it used to be overbought above 70 at 99.15. Then it dropped to 65.48. It could still push up, but these are two dings, two demerits for Bitway on the weekly time frame, which is seven times stronger than the daily.
30:06 Useless. Really interesting price action. It had a closed long from over here on the 7th of October, and now it's finally closed that on Sunday, which is really interesting. This is also one that had these TBO closed shorts on the 4hour time frame. It's making these small little moves. I mean, it's it's still a far cry from moving to the top of the cloud, but it is interesting. Keep an eye on it. Now, speaking of interesting, Cardano ADA has fallen down to our parallel channels support. This is the first time it's fallen down to it since back over here when we established the channel on the 20th of July. This is a huge achievement. Now, Saturday's close was still inside of the parallel channel, but it wicked below the cloud.
30:52 Same thing on Sunday. And today we're right there opening just at that support level and it's dripping a little bit. If Cardano is going to bounce from somewhere, it's going to be here. It's also oversold on RSI for the first time since back over here on the 25th of June before it even started this parallel channel. This is a big deal for this chart. This is what I've been waiting for to see after remember things are getting a little bit crazy up here and I was like, "Hey guys, just so you know, things are just a little bit overheated." And I'm really curious to see. -huh. Yep. We got a maturing warning over here on the 2nd of October.
31:30 TBO breakouts after that. And then we have our TBT bearish divergence warning us of an early bearish reversal. And then one, two, three close longs. Yeah, but this is a nice overbought opportunity. At least to me it is. Injective fell more inside of the cloud on Friday, Saturday, Sunday, wicking into our support line. It's done this before on the 16th of September. Beautiful test on the 8th of October. If it closes below this though, it's bad news bears. Okay, it it's looking a little bit shaky right here. Not terrible, but boy oh boy, it has to bounce. It really does. unless if it doesn't, we're cooked. Onyxcoin had a really interesting move on Sunday, up 34% literally out of nowhere, waking up above the cloud. I don't know if necessarily this is a predictive wick yet. the chart's just trying to find a bottom. But one thing I will say about this is that this is a really good sign of a pivot low, I guess you could say, because there's a huge burst of volume, a pump on Sunday. Fartcoin also really interesting setup. It's getting closer to TBO support, which was established way back over here on the 13th of June. The last time it got down this low was on the 29th of July, and it rallied up 85%. And RSI has oversold for the first time since June as well.
32:56 >> >> Going on to our club picks. A ioz. A lot of these have basically not changed at all. I know, super boring. So much fun. Why are we talking about this? Well, let's zoom into faster time frames because there's still activity happening. There's still these nice upper wicks that are happening. Notice that everything on the 4hour time frame is refusing to close above the cloud. That's also really helpful to know. And we have a second close long from Thursday last week. So, we're waiting for the price to hit the fast line, but the macro trend with the TBO remains bullish. Still macro bullish. Thatchet unfortunately confirmed a couple of things. It confirmed a close below the cloud on Sunday. Oh, I'm sorry. Back over here on Friday, an open short on Sunday. So, it's it's macro bearish.
33:41 Actually, it's very strong bearish, but RSI is about to go oversold for the first time since on the 18th of August. So again, I know that it doesn't feel too fun right now. I'm still looking at everything with a buy the dip attitude. I feel like that's the smart way to go about everything right now. Litecoin is working on an open short right now. We we need to wait until confirmation, but the slow line's pointing up. We already have a bullish RSI reset from the middle of the month, and we're looking at lower lows on the chart and higher lows on RSI.
34:13 Cubic about to have hit our TBO support level here at 361 and it's oversold again on RSI. The last time it got down to this level, I mean, it was a pretty amazing rally of 100% plus. Ono is working on a TBO open short today after printing a third closed long on Thursday last week. That's pretty rough. now this is one that's been really reliable in terms of oscillating patterns. We talked about this one over the summer.
34:42 really really really good. Had a nice push up higher. What's really interesting is that this has been a long drawn out pattern basically like over here. Well, same thing that happened. We had three close longs in June. Price dropped down to support a little bit lower and then finally it rallied up to resistance and it's very very similar setup. So now we are just waiting or watching and waiting for any signs of life. And don't worry about rushing into anything. Once it has a green candle burst, we wait for a pullback and then we enjoy the ride up. Pepe, well, it had a nice wick on Friday up to resistance at 0.0000 507. It's still above the cloud, but it's wicking into the fast line a lot.
35:28 it's not bad. Honestly, it looks better than most charts. And the slow lines curling up. It's just threatening to go lower. Stark. Oof. From our closed long confirmed on Thursday with a 7% drop, Friday down 7%, Saturday 5%, Sunday 2%. So it's slowing down yet again. We'll probably see another little pop and another pop would be with a target up to the fast line. Currently at 0.05809 virtual strong bearish below the cloud. If it falls any lower, this is where we've seen it pivot before back in the middle of September. I mean, it bounced up 46%. If it gets worse, we have very good historical support at this range from I have to zoom out more, don't I?
36:10 On the daily time frame between 53 cents down to 52 cents. Zigg Chain had a weird little drop on Saturday down to 003867. We've seen these before. I mean, it's holding above the 236 fib level for now. It's very oversold. It's been overextended on RSI since the 17th. So, it has nine confirmed days. Working on day 10 of being oversold. It's due for a bounce. Oh, and it confirmed an open short. So, now we're going to see an open long to reverse it. Apple still bullish. It's down after hours. Don't really care. Just focus on the slow line. It's good stuff. AI Infrastructure ETF. we saw it put in a new pivot low on Friday. Hooray. But unfortunately, it already lost support, which is bad. It's in bearish consolidation.
36:59 But I digress. Slow lines moving up. Macro bullish. RSI put in a higher low while the chart put in a lower low is bullish divergence. Amazon it's just chip chop chip chop. Nothing different. it's just oscillating a lot between 222 and 234. Hike. BN printed a TBO close short on Thursday waiting for the price to flick that fast line to give us an entry. CIBR closed above the clouds. So, it's it's actually strong bullish on the daily. On the weekly, it's very strong bullish still. Corn it's still down. It's still oversold on RSI. It has been oversold since Thursday the 15th of October. So, six confirmed days, actually, seven confirmed days, which is wild. The last time it's down to these levels in August, it had a really nice rally, but it's corn, so it's mostly news driven, I would imagine. The next real support level is at 1636.
37:58 E3B, which is util, has a second TBO close short from Wednesday. Seeing a pullback to the fast line would be great, honestly, at 1.67 because that would give us a good entry. ENRG really nice close up on Friday up 1%. It's still very strong bullish. GMI strong bearish because gold is bearish and there's support down here at 73.77. GSK. it's almost at the top of the cloud. The last several times this has happened back over here in June and in July and in late July, it gets rejected on the weekly time frame. It already flicked the fast line actually four weeks ago or five. If it can push and hold above the weekly cloud, that will be amazing. it it has a lot of upside continuation to to play out to get really bullish, but closing above the weekly cloud would be very very strong.
39:01 DRUP has these two upper gaps which are pretty painful to close. Going up as high as 20.515 now lower highs on RSI. I'm sorry, lower lows on the chart, higher lows on RSI. Bullish divergence. same thing. So, we're just looking at a buy the dip opportunity. We have a close long on Monday on Monday, October 12th. So, the previous week, so we're still waiting on a bounce up to flick the fast line, which is 10% higher, up at 19.429.
39:34 Marll dropped to the fast line again last week. And we have another TBL close long, waiting for the price to hit that fast line. Ultimately, we want to see it go above. But the best thing about it is that on the daily we got a bullish RSI reset confirmed on the 19th. Last time we saw one of these guys, it gave us a pretty nice little move up about 45%. PAVE confirmed three TBO breakdowns. It's up a little bit after hours, but TBO breakdowns like this right below support is a very strong bearish sign to be very cautious of. UMDV really really good sign. It closed above resistance the green dotted line which moved down from 5.944 to 5.830 closed above it over here on Thursday and Friday held above it. So it's has a lot of bullish momentum right now. It's very good. We have a second TBL close short on the weekly as well on balance volumes moving average is curling up. It is a really good potential recovery. Visa still very strong bullish. RSI is still technically overbought and it has been since Friday, October 9th. So, we have 10 confirmed days. Actually, I think it's 11. mantle.
40:48 This one fell down to TBO support. It hasn't closed below it yet, which is very encouraging. However, closing below this new level of support at basically 50 would be very bearish. It's technically strong bearish because it's below the cloud. it already closed the previous closed long from way back over here on the 6th of October by waking up into the fast line on Thursday. To be honest, I'm still again I have a hard time right now because I'm looking at everything with green glasses. I still look at everything as a buy the dip opportunity and if it dips lower, we buy the dip even more. We buy the dip and dip and dip dip dip s previously phantom. we got these two TBT bearish divergences. Price struggled to push above resistance at 0.059. It closed inside of the cloud on Saturday and Sunday and Monday. it's in bearish consolidation mode. It's actually still relatively bullish. The salon is just weekly moving up, but it's good. It's good enough to be honest.
41:48 so I still think that by the dip makes the most sense for YouTube picks. Just a couple. Suie printed a TBL close long on Thursday. A second one is a it's quite the mark on the chart. It's not a very pretty sign. now looking at the slow line, it's flat. So that just means we're in a period of chop. There's nothing really happening. But RSI is oversold. We need to wait until today's candle closes another 21 hours and 47 minutes later. But if it does close oversold, we're good because that gives us a bullish RSI reset. And the last time it was oversold, gosh, was way back over here in June.
42:27 So I I still think everything is looking decent near still holding above the 0.5 fib level. The last time it filled in here was on the 8th of October and it bounced up quite a bit. I mean it I don't look at these wicks into Fibonacci retracement levels the same way as resistance and support. But closing below like on the daily time frame that would be pretty bad. But is the slow line moving up? It is. How is the weekly looking? super strong, bullish, one of the most bullish charts that are out there right now. So, I know it doesn't feel good right now because it's in bearish consolidation mode, but it's extremely bullish. Link confirmed on Saturday, an open short. Well, it is also going oversold too on RSI.
43:11 Honestly, let it go. If it can go down and stay oversold, that would be very, very positive. There is support here on the TBO at a level of 10.6 or $10.60 60s actually where it pivoted from back on the 16th of September just above that and it rallied up a lot higher because we're oversold. We flipped the script. So, it's it's all good. I mean, I don't I don't know how else to say it. Now, I understand that this isn't everybody's most favorite point in the market where we had a really nice rally and then all of a sudden it's just slowly deflating down. This is 100% on brand for a recovery year. we get these nice rallies and then it just kind of fizzles out and rallies up higher and then it fizzles out a little bit more, rallies up higher, fizzles out a little bit more. It's super normal, which is why we take profit on every move that goes up, even just a little bit. There's literally nothing wrong with taking profits. Not at all.
44:10 I showed you the TBO Pro, which I don't talk about too much just because the standard TBO does a really good job, but there's a huge difference in what the TBO Pro does and what it offers compared to the regular one. If you missed that video from yesterday, it's going to pop up right here. Watch this. And until the next time, you know what to do. Stay else. Stay in the green. Peace.