Bitcoin COME BACK Starts TODAY

[00:00:00]Hey guys, welcome back to the daily crypto market update. Bitcoin had a very interesting candle yesterday. Not only was it a nice lower wick down was basically a very ugly dogee, but the price came down and wicked into the daily TBO fast line, which is awesome because that satisfies the requirement of the previous TBO close short, which we've been waiting on the price to come down to give us one of two things, an entry and a long position. And I do think that we're going to be heading up over the weekend. And it's also a basically a bullish reversal warning.

[00:00:32]Again, this is the first TV close short that we have seen on the chart for BTC since way back over here the 4th of March. And just like back over there, we saw a nice pump. Price returned back to the fast line. Took a little while, but then it did ultimately push up a lot higher. And I think that Bitcoin will be moving up to about $69,000 before the end of the month.

[00:00:54]Now the good news about the close yesterday is that because it was green it didn't negatively affect onbalance volume which I mean volume was good a lot of volatility uh but we are still below well we Bitcoin's onbalance volume is still below the moving average which it's okay it's bearish it needs more green candles more volume and over the weekend it's probably not going to happen to be honest but I think next week we're going to see things push up higher Ethereum still has a TBO close short that is open from uh Friday, July 10th, basically over a week ago. So, we're still waiting on a pullback. We almost got one yesterday. It was a pretty deep cut for Ethereum, but the big difference between Ethereum and Bitcoin is that Ethereum never ever went below the cloud. It's still inside. It's in bullish consolidation mode and on balance volume is still very strong bullish. So, yes, RSI was already overbought on Wednesday this week.

[00:01:50]Doesn't really matter. It's actually higher than it was on the previous push on the 6th of July. This is actually great because it means that we should see Ethereum go up higher. Stable coin dominance wicked up to the fast line. It wicked actually above the cloud. It doesn't really matter. I still think that we're going to see a pullback on this chart ultimately with stablecoin dominance combined falling below 25 which means that we'll see this fall down to about 11% or so below the cloud.

[00:02:16]Just like last time, Bitcoin dominance actually increased on the pullback yesterday, which is actually a really good sign. Well, for Bitcoin, not for alts. But what I am expecting to have happen next to see Bitcoin dominance push up higher, which will put pressure on alts for sure. Um, and it's usually not going to be a a really amazing feeling for low caps as Bitcoin goes up higher. Dominance. Um, Ethereum already maxed out. We already know back on what is this Tuesday? Wednesday, Ethereum dominance moved up to the top of the cloud. That was our exit opportunity, which if we go back to Wednesday for Ethereum, that was on this big pump right here. So, it's the perfect time to exit a long position. There's nothing wrong with that. Even though I think it could go up to $2,000. I mean, we were just what uh 3% away from that. Like, it's not really worth the the stress. I think now still watching Salana dominance. And one really good thing with Salana dominance is that it went oversold on Friday at 23.34.

[00:03:14]If we close green today, then we have a bullish RSI reset. I've been telling you guys, I am expecting Salana dominance to bounce back up given the fact that it's been so oversold and so neglected. I don't think it's going to shoot much higher to be honest. Maybe like up here just like 2.1% or something like that, but nothing incredible. also top 10 dominance. Salana, BNB, XRP, Doge, ADA, SHIB. Um, this these candles have just languished down here at TBO support around 9.5%.

[00:03:44]But more importantly, we have a deep cut on RSI on what went sorry on Thursday down to 18.48 on Friday. Then we saw it have a bullish RSI reset 26.47. This is great. Now, I do think we will see top 10's uh top 10 dominance bounce, which is good. Bitcoin will lead the move.

[00:04:05]Alts will top 10, top 20 alts will follow and then everything else will trickle down and then we'll be done.

[00:04:10]That's kind of what I'm expecting. Um others dominance remains bearish after confirming a TBO open short on Thursday.

[00:04:16]RSI is still oversold. It's weak, but it's also a reversal opportunity. The totally yes chart also closed the previous TBO close short from Tuesday by waking down into the fast line. Yes, it also cut below the moving average uh for onbalance volume. I'm not really worried about it yet though to be honest.

[00:04:36]Totally BTC is also sorry total three ESBTC is also very very oversold but this is also an opportunity in disguise.

[00:04:46]Tradfi [sighs] has seen the biggest moves over the last 24 hours. Uh the Dixie is still in bearish consolidation.

[00:04:55]Bearish because it was previously above the cloud falls inside of the cloud.

[00:04:58]Then it's bearish consolidation. It's just chopping to the downside to the bottom of the cloud. But the main thing I'm waiting and watching for and expecting for the Dixie is to fall down here towards about 99.3 99.2 but somewhere on this line of support. Now, the euro as a result of the Dixie bouncing, of course, it had a little bit of a pullback on Thursday and Friday.

[00:05:20]It's still kind of sort of inside the cloud. The big wild card remains the yen, which is still extremely strong bullish. All four lines of the TBL cloud are pointing up. I mean, the only thing that's bearish about the chart is that we saw onbalance volume drop below its moving average on Wednesday. I would not say that this is the top of the roller coaster where we see the moving average start to slow down and flatten out and curl down yet. Um but I think that we will get to that point inevitably. But still no sign of intervention at all. So the yen is very very very weak and very sketchy. Now um S&P futures had a pretty big drop. Um it it's showing conflicting numbers which is a little bit confusing.

[00:06:02]Says.9% here and 1.06%.

[00:06:06]It was a red candle close. And because like I said, we had these two big drops inside of the cloud. It's telling you guys, well, to be honest, even though it looks good, it feels good. I don't think it's going to be good. I think we're going to see the S&P futures chart go down inside the cloud if not all the way down here. Now, the macro trend is still very bullish. The slow line is still heading up or moving up a lot. On balance volumes moving average is still reminding us that the rather the momentum is for in favor of sellers. The VIX pumped on the pullback. Dow Jones printed a TV bearish divergence. The Nasdaq gapped a lot lower. It's not oversold yet, though. The Fang index also dropped a lot lower. Tesla, this is one of the more interesting charts to me right now. The price of Tesla fell below our support level. And this support level is not just like, oh yeah, you know, it's been around for a little while. This is a long-term support level that was established first on this pullback in 2023 January and established uh on the next lower low in April 2024.

[00:07:07]It's a big deal. So, it hasn't [gasps] on the weekly it hasn't closed below. On the daily, it sure did. We'll see. But, I've been telling you guys like I know we have these bullish reversal signs, but this chart does not look good. It looks very, very weak. And if it loses that level, it's going to go lower. Um the Nikke had u a deeper close on Friday down 4%.

[00:07:30]Not yet oversold. Um it's just market selling off doing its thing. And as I mentioned the better traders club well the fact that it came down and tagged the weekly fast line is actually a buy the dip opportunity. Believe it or not I know it doesn't feel like it at the moment but it is usually hindsight's 2020. Now the Shanghai Composite Index no such luck. exceptionally strong bearish weekly RSI now oversold for the first time since September 2024.

[00:08:00]This is a big deal. It also printed a nasty 3% candle with a TBO breakdown dropping below support actually putting in a low that we have not seen or rather prices we haven't seen since September 2025 and RSI is obviously very oversold.

[00:08:18]The Cosby B was closed on Friday. So, we don't have any other updates. Oil instead of dropping like I was expecting it to, actually moved up 3.4%.

[00:08:27]If it fills this gap up here, I'll be happy cuz then it's just done. But I do believe that this will inevitably be rolling over. We had a bearish RSI reset on Thursday. Friday moved up higher in RSI to 73.6.

[00:08:40]We'll see. Gold had a little bit of a bounce, but only 1%. Nothing good. Um, silver has printed a second, actually a third, excuse me. There's the first TBO breakdown. So, 1 2 3. So, it's done.

[00:08:51]Notice the low on Friday. Basically, right at this 54.48. What's that level?

[00:08:57]It's this previous pivot high from October 2025.

[00:09:01]Platinum gave away the entire move, falling back down to the TBO support line. Copper is back inside the cloud. Uranium, we know this also printed a third TBO breakdown, putting it a lower low, and it is oversold just barely, but it's oversold.

[00:09:17]And the last several oversold moments gave us some pretty good buy the dip opportunities. So, just keep that in mind for uranium. And of course, PAXG BTC saw a lot of volatility yesterday because Bitcoin was dropping. So, we had a nice upper wick on here. We also have a nice RSI reset that was confirmed on Friday as well. Now, I have way more I'm going to share with you in this video, but before I do, as always, I need you to go over to the better traders, click on the description links down below, the pin comments, all that fun stuff. Check out our courses. We do have a TBO sale right now that you could take advantage of. Um, also check out the Better Traders Club. Better Traders Club's awesome. Like I mentioned before, I shared some analysis. I share four big writeups per week and a dedicated hour long plus video where I do a deep dive into lots of different aspects and things that I'm seeing in the market as well as new indicators uh or rather updated indicators. The new TBO alerts are now being forwarded on the 4 hour and the daily time frame for TBO breakout breakdown close long close short as well as tons of other resources and tools and of course the awesome community. Also check out the better traders journal. Um, it comes as a PDF copy with all of our courses, but you can actually just order your own copy directly from amazon.com. If you fill it out, you like it, you use it, consider leaving us a review. That'd be great.

[00:10:36]Also, consider signing up for FEMX where you can join their 2026 Ultimate Championship campaign where they're giving away a seven well, they have a 7 million prize pool. There also lots of other incentives and offers going all the time for FEM. So, use the link to sign it down below and also check out AFX. Join my guild. So, um this is a fun way for us to access a decentralized market um that anyone in the world can access and we basically are just trading all types of markets, crypto, trade, commodities, uh precious metals, all that kind of stuff. So, you can get access to that via AFX. All right, we're going to go back over here to Trading View. Uh, I'm going to start with my picks first, but as always, if you guys have coins, charts, stocks, or tickers you want me to review, leave a comment down below, add a dollar sign so I know that it's a stock. If it's a stock, actually, just write the word stock. And then if you do that, you owe me a like, subscribe, um, follow on X also, and then consider reposting, retweeting, or re-sharing this video or other videos with your friends, with your families, on your socials to help me reach my target of hitting 100,000 subs this year. So, Crow had a pretty interesting pullback like the most of the market did yesterday about 8% but what did it do?

[00:11:51]It tacked the fast line, gave us an entry and basically it's a little fat finger right there. Nice 7% little drop.

[00:11:58]Uh, that's that's a spice meatball.

[00:12:00]That's nice. Um, ENA also closed its closed short that was open on Tuesday.

[00:12:05]ENS printed a closed short and a TBT divergence on the same candle. Does that mean anything? Is that special? No, they're two separate alerts, but the fact that they printed together, cool story, but no, it doesn't have any real significance to me, but it is a nice 7% move for ENS. Good volume and also on balance volumes moving average is at the bottom of the roller coaster and it also went overbought. So, really nice setup.

[00:12:30]Um, as I've been saying before, Pi, even though there's been a lot of hate for Pi and I understand why because of their unlock, I've also been pointing out the fact that it's been insanely oversold.

[00:12:41]Like on Monday it was down to 5.46.

[00:12:44]It's languished basically in this range of 7 cents since then, but on Friday it had a bullish RSI reset, meaning that RSI crossed above 25 to 25.43. This is a great um bullish entry opportunity.

[00:13:03]Once this thing comes up to tag the fast line, that would be a great opportunity to just cut the rope. Just so you know, Dexi. Um, this one also I had a pullback, but it was on Thursday to the fast line. It isn't bouncing yet. The next real level of resistance is TBI resistance at 4151. So, just keep that in mind for a bounce target. Venice VVV had a lower wick and it's starting to bounce a little bit like 11%. I am expecting VV though to shoot up a lot higher. Um, we'll see what actually happens or not, but this one's been forgotten. I think it's going to make a comeback. Hyperliquid also fell only like 1.6% but interestingly enough it closed right above the previous all-time high at 51.412.

[00:13:47]Ultimately it's going to come down into this range at the 618 about 40 bucks. Zebeck Network haven't talked about this one in a while. It printed a second TBO breakdown on a 4% drop on Friday and it's working on a third TBO breakdown today.

[00:14:06]beat. This was one that's looking very weak to me. It has four TBO closed longs, which are bearish reversal signs, which is why these are all blue flags, uh, between Wednesday to Friday. That's a really, really, really big bearish reversal warning on a very fast time frame, but pay attention. Morpho had a 5% drop and printed a TBO close long.

[00:14:27]first one that we've seen since the last two reversals. Back over here on the 2nd of June, it fell from $1.94 down to $163. Then back over here on the 15th of May, it fell down another 9 10%. We're looking at the same pattern happening again. What a surprise. Aerodrome closed the TBO closed long from Thursday on Friday's little pop. Tia printed a TBO closed long uh just like this last time over here on the 31st of May. After this, it really plunged and plummeted about 24% lower. Just keeping it in mind. Now, Graham saw some really weird volatility yesterday uh with a long lower wick of about 9% which is a pretty big drop for such a really boring chart.

[00:15:11]I mean, not really u upset about it or anything.

[00:15:16]It's just a very weird move for Telegram. That's all. Unis swap. This one is starting to show some very bearish signs. Price action is stalling.

[00:15:24]Uh volume is somewhat falling but it's more like RSI is clearly putting in lower highs and lower lows saying Leo Finance just be aware um on Friday's RSI reading at 86.89. It's still lower than Wednesday July 8th at 87.54 and clearly it's a higher high as I've been saying. Don't try to short this one on the way up. Just wait for these signs to reveal themselves. Um, I think that it's starting to look like it's going to be topped out soon, lighter, uh, wicked well into the TBO cloud on Friday because of the pullback, but it's still closed above the cloud. It's basically a TBO springboard bounce. Same thing as um, [snorts] uh, Dexi, I believe. So, I think we could see a nice bounce up here to Tibio resistance, but that would be like the one and done, get out. At least that's how I would trade it. JCT.

[00:16:17]Um, it's in bearish consolidation mode.

[00:16:21]The the nice thing about the chart is that the slow line is moving up higher.

[00:16:25]Unfort you can see all the pumps and the dumps and stuff, but the main thing I'm looking at is this onbalance volume.

[00:16:33]It's very bearish for the chart. Um, it's a relatively new listing, which is kind of nice. The only thing is that it already lost support a while ago, multiple times, multiple levels, over and over. So, when you have to keep moving support out like that, it's it's usually not a good sign of confidence.

[00:16:52]And um this one had a decent bounce about 10% or so to the fast line and got rejected. On balance volume is still bearish to be honest. Um I'd love to see a higher bounce to the top of the cloud, but I don't know if it's going to happen. Tao, we know this one lost support on Thursday and basically it's just kind of sort of holding up right now. Uh but not doing anything amazing on the 4 hour has tio breakdowns on the 4hour time frame which this would be the place to enter a short and then ride it lower. ICP um fell down and retraced back to support like to see a bounce back up to fast line if not a lot higher. uh useless. This one dumped on Thursday almost 19% imprinted at TBO closed long fell more on Friday.

[00:17:41]Very not impressed or really worried about it. It's also oversold. It's the first time it's been oversold since February. So, it's a buy the dip opportunity if you really like risk. Um we do expect useless to bounce back up to the fast line, which would be like a 30% move. Not saying it has to happen today, but it's a good short-term target.

[00:18:02]checks. Always hated checks. Cereal. The worst ever. Always like cut my cheek when I was eating it as a kid. Like I don't understand why, grandma, you're buying the stuff that's like cardboard.

[00:18:11]Um checks.

[00:18:14]Strong bearish on the daily, strong bearish on the weekly.

[00:18:19]Um F AI on Coinbase, TBT bearish divergence on Thursday.

[00:18:25]The last bullish divergences worked out really well to show us these nice up moves. So TBD bearish divergence is looking quite convincing to see a return back down to TBO support at 0.00194 GTO after getting all these TBD bearish divergences two clusters close long. See how the price came up to tag the fast line right here on the 13th of July.

[00:18:48]That was your exit opportunity. So the close longs also negate the previous B uh the breakouts. One thing that would be great is to see it hit the bottom of the cloud, which would also probably make it go oversold on RSI. Buy the dip.

[00:19:02]It's a nice buy the dip opportunity for sure. Sky AI has fallen down from 37 all the way 92 cents to 30 cents. At least it's holding to support. At least it's actually already had a bullish RSI reset on Thursday. Now we have to see if people want to buy the dip and actually pump it up. I don't know about that, but the target to hit would be the fast line. Migles had a lot of volatility this week. On Tuesday, pumped something crazy, something terrible. Friday pumped up 42%. Today, it's up 7%. Why not trade the volatility, guys? There's nothing wrong with trading volatility. There's nothing wrong with trading inside of these moves. Um, all trading would be the best platform to use for something like this, I think, instead of trading on exchange. But you guys can do whatever you want. But yeah, NBIS looking at some stocks confirmed an open short on an on a lower open. It did not go oversold yet, but it will. It also closed inside of the cloud on the weekly time frame.

[00:20:09]Actually, the last couple times it's done this, it's had a pretty good bounce. So, it's actually a pretty good setup. uh credo technology. It has pulled back to the weekly fast line.

[00:20:20]It's a great buy the dip opportunity. I know it doesn't feel like it at all in the moments. Trust me, I know. I know. I know. It hasn't even gone oversold yet, but the last several times you've seen it go oversold has a really nice bounce or recovery. IBM crazy gap down because of earnings or something like that from Monday to Tuesday, no change, still oversold. and it's oversold for one, two, three, four days in a row, which is a big deal. Um, I shouldn't laugh, but it's funny. Um, just because crypto has warped my mind for stuff like this. Um, it's strong bearish actually on the weekly time frame, uh, because the price is below the weekly cloud. So, that's also not a very good look longterm.

[00:21:00]Uber's back below the daily cloud. um on the weekly time frame back below the weekly cloud.

[00:21:06]But the fact that onbalance volume is above the moving average, well, it's basically right on it, literally the same price. It's a good sign that there could be bullish momentum. It just depends. We have a lot of TV closed shorts on the daily time frame, which are good bullish reversal signs. Just a very strong downtrend that is trying to fight against. Hims um had a second TBT bearish divergence on Thursday. Price closed inside of the cloud. This is also a chart that gapped up pretty big. Like it pretty bad. Pretty badly. That's what I wanted to say. There was still a gap down at 1584. Just keep that in mind. We two bearish reversal sides. RSI is plummeting on the weekly time frame.

[00:21:44]It's no longer overbought.

[00:21:46]It's not bad at all. It really isn't.

[00:21:49]It's just can it can it hold support?

[00:21:53]So, just be keeping an eye on this level of support. H no, it already cracked it.

[00:21:58]Well, let's do this just to be a little bit nicer. I want to do this. So, if it loses this support level next week, uh like 30 below $30, it'll be closing the gap.

[00:22:13]Robin Hood, um still macro bearish. Uh Slowline is still pointing down. TBG bearish aversions on Thursday. Pretty big gap down, too. So, shortterm, we have a gap at 105. It's not bad. Um, it's not oversold yet on the daily. On the weekly time frame, we already had a confirmed open long and the price is reversing already. It's okay. It's just trying to figure out and find its footing right now. I mean, Friday was a pretty big disastrous day for the market. Uh, if it continues into next week, that'll be a whole another thing.

[00:22:44]Netflix absolutely embarrassing performance from Thursday to Friday. It not only dropped from 72 down 10%.

[00:22:54]But it closed below the previous high at 70 something or other.

[00:23:00]Gulp. That's That's pretty bad. Uh well, at least it's kind of sort of holding this higher lows thing with weekly RSI. It's a really big oversold candle, though. And to be honest, to be fair, we already had lots of bearish reversal warnings months ago back in October. So, this isn't really a surprise. It's also a good buy the dip opportunity. I know I keep saying that over and over, and it might be hard for some of you to interpret that genuinely.

[00:23:29]I do mean it. Even though I look tired today. Um, but the sell off and stuff that are happening right now, from what I can tell, it's really not because of the Middle East. It's not because of gas prices. It's not because of anything.

[00:23:41]It's just the market going this stuff that we bought's kind of expensive.

[00:23:44]Let's get out of this. Uh the markets is reversing or it's on these, right? So when the market or when charts still have a very strongly ascending TBO slow line, it's still a good chart, I think.

[00:23:56]So um it's not the same for crypto, but for many of these stocks that we're looking at before, like a lot of them still have a really good strong bullish uptrend. So therefore, it makes more sense to buy the dip even though the dip might keep dipping. So again, be very cautious and careful of leverage. If you're going to be buying a dip and you don't like DCA, use a stop loss. Get stopped out. Wait, wait a couple days, come back to the market fresh without any of that scar uh that scarred experience from getting stopped out.

[00:24:23]Okay. And I also have a video coming out tomorrow I'm really excited about. It's a follow-up from last Sunday's video that's going to pop up right here. So, if you didn't watch that one, it's my DCA um accumulation approach for Bitcoin. Tomorrow's video is going to also answer a lot of the questions that you guys left in the comment section.

[00:24:40]So, watch this video to get refreshed and then wait for my video tomorrow.

[00:24:43]Until the next time to do, stay awesome and stay in the green. Peace.