BTC Rejected, But ALTs Don't Care

[00:00:00]Hey guys, welcome back to the daily crypto market update. BTC closed red on the day negative.99% 99 yada mind. So we have a slightly bearish engulfing candle on Tuesday.

[00:00:13]It's not really though. Honestly, I I really prefer seeing bearish or bullish engulfing candles like this. These are clearly bullish engulfing candles.

[00:00:23]Absolutely overwhelming not just the open of the previous day, but the previous wicks, the previous highs. So we have now two days wicking into the TBO fast line. TBO stands for the trending breakout indicator. Of course, it is the fastest of the four different moving averages that comprise of the TBO cloud. So seeing two little flicks on the ear like that, it is a little bit annoying. And when we admittedly see two little wicks like this in the cloud, I have to admit that there is a pretty good chance that we might see the price close inside of the cloud. Why does this look like a man looking to the left?

[00:01:01]Thank you, Trading View. I never knew I was an artist until I started using Trading View and drawing on charts.

[00:01:06]That's impeccable. And that right there is an omelette.

[00:01:13][gasps] Anyway, looking [clears throat] at our other indicators, um RSI is pretty much still neutral. It's around the 50 zone, which I mean, it's not oversold. It's not overbought, but on balance volume is still net negative. It is still bearish.

[00:01:30]The moving average is still pointing down. And this is a 21 SMA that I use on on balance volume to help me figure out what is the momentum in terms of buying or selling.

[00:01:43]The other thing to note as well is that volume is still very much underperforming. We had a big spike on Friday the 5th at 3.3 billion. And that's the biggest volume spike that we've seen since our February 5th and sixth dumps.

[00:01:57]So, it's it's not really enough for me to be like capitulation. That's it. Is it a short-term bottom? Apparently, it is. And we still have a valid bare flag.

[00:02:06]Just a reminder, a bare flag is when we have higher lows and higher highs. We had a pretty good spike up on Monday to a high of $67,292.

[00:02:18]Now, I am expecting the price of BTC to retrace back to support. That would be a really good sign of this being a bare flag. We're looking at support immediately today at $63,715.

[00:02:32]If it's tomorrow, around $64,13, but yep, it's still a bare flag until it's invalidated. One of our members actually pointed out the fact as well that we have now a basically it's a short-term fib. Now, yes, you can draw Fibonacci retracements like this. Once we get um a clear high to a low, there's nothing wrong with this at all. It starts to get a little bit messy in my opinion where I don't draw it out for every single time this happens. But the point of Fibonacci retracements and extensions is to help us plot future areas of interest of support and also resistance. So using that same methodology right now, if we were to draw a Fibonacci retracement from the high on the 6th of May to the low on the 5th of June, it's interesting. about 30 days apart. We're looking at our 382 Fibonacci level at $67,261, which is basically uh what 30ish $31ish below the high on Monday this week, which is really interesting. I'm not expecting a massive move up to the 618 level, but as we could see back over here, there is something magical about the 0.6 618 Fibonacci level. That's usually an area of rejection. It's why they call it the golden fib zone, the not golden pocket, but whatever. I don't call any of that stuff. It's why I always stumble over those world words.

[00:04:08]Think it's silly. But the 618 is significant. [snorts] So, we'll keep that. It It's interesting, but it's a little bit too fresh. [sighs] Now, moving on over here to Ethereum.

[00:04:22]Ethereum closed down negative.17%.

[00:04:25]It's pretty much just printing a dogee.

[00:04:27]Now, let's talk candlesticks.

[00:04:31]Usually, when we see a dogee candle like this on the top of a move, well, we have a previous higher high. But seeing a dogee right at the very top, I have to admit, is not a very comforting sign. A dogee always expresses indecision. So, when we see a candle with pretty much no wide body or long body, depending on how you want to interpret that, this part right here in the middle, and long upper and lower wicks that are almost the same in length, it's telling you that the market isn't sure what to do. The market isn't sure how to treat what's happening right now. The market isn't sure if it's bullish or bearish. So, there's a lot of indecision, a lot of fighting. This could be interpreted as good, but I've come to understand that any dogee is a bad dogee. It anytime you have indecision, it's bad. It will not go well for you. So, Ethereum also did not close inside of the daily TBO cloud. All four lines are still pointing down. I spent a lot of time yesterday talking about the trick of inverting charts. And in the same way, if we were to invert this, this looks like a beautiful TBO springboard bounce, which is when we get an overbought run. We get a retrace back to the fast line and then we get one more spring back up and we go all the way up higher. So, that would be the most logical outcome to me. Now, because we're looking at it with the real lens, not inverted, but this is the actual chart, then that would mean that it would make more sense for Ethereum to sell off and fall back down. I mean, TBO support right now is at 1654, but it could also fall down a lot lower down to I mean, even as low as,500.

[00:06:15]If we were to take the same Fibonacci retracement idea, it's really interesting to note as well that the price of Ethereum also moved up to its 382. It pierced it twice, but this is a level of resistance. And it's also interesting to note that it also struggled with the 236 back over here on Sunday. in Monday and Tuesday last week.

[00:06:39]So yeah, I think I was the DMN.fr guy on the club. So way to go, man.

[00:06:46]Now, in terms of other things that are happening for Ethereum, yes, volume is kind of sort of okay. It did not exceed the moving average on uh what is this Tuesday.

[00:06:58]RSI is above overhead resistance, but on balance volume and the TBO both agreed that the chart's still very much strong bearish. Now, moving on to stable coin dominance. I had a comment from someone that seemed pretty confused about this, saying like, why is that to be so confusing? Well, honestly, if it was easy enough for us just to look at Bitcoin and go, okay, this is going to happen to everything, then I would just do that. But the reality is that crypto is very there are a lot of interpersonal relationships in in crypto. Okay. So, the reason why I do it this way, the reason why I focus on these dominance charts is to show how money shifts in crypto. And if money is shifting away from stable coins, which is what's been happening ever since Friday, last week, even though it maxed out just below 13%.

[00:07:47]It's clear that the price, which is actually a percentage, is kind of stuck and it's struggling inside of the cloud, which is a sign of bearish consolidation. Okay, so this just tells us that we should be expecting the price to do a whole lot of dipping. And even though the cloud is still bullish, meaning all four lines of the moving averages are still pointing up, and we should expect a push up higher out of the cloud, it's struggling right now.

[00:08:15]It's it's it's sticky inside of that cloud.

[00:08:20]So, the main thing to watch for here is if we're going to stay inside of the cloud, we should expect a more bullish outcome for Bitcoin, Ethereum, and everything else. That's the easy way I guess you can express or I could express it totally. SD is the bullish inverse of stable coin dominance. If you add up these two percentages together, stable coin dominance combined is about 11.6% 6% totally yes D is 87.2%.

[00:08:50]So putting those together we have 99.2%.

[00:08:54]What about that8%? Doesn't matter. So yes, we're going to see basically the inverse of totally S.D compared to stable coin dominance. And that's why it's valuable to use both of these charts because it gives us that inverted relationship. So if totally S.D is inside of the cloud. It's technically in bullish consolidation mode. We're not overbought yet. We're not really super duper bullish. There aren't any bearish reversal signs yet, but I am not fully convinced on this move, at least it being longlasting.

[00:09:32]Now, for totally 50.D, D which expresses the dominance of everything below the top 50 market cap which is a very very small percentage 1.76% of the entire crypto market cap is everything below the top 50 and totally 100's even smaller 31% of the total market cap.

[00:09:54]So these blue flags right here are telling us that the previous TBO close longs, this one uh was on Tuesday, early Tuesday morning for totally 50.D has been closed because the price has moved up and hit the fast line today. Totally 100, same thing after it had a pretty big rejection on Monday afternoon. Now it's hit the fast line. These are just shortterm bearish reversal warnings. The charts are still relatively okay, but I'm still again not convinced. I'm stubborn. Bitcoin dominance fell more yesterday, falling. 26%. When we see Bitcoin dominance fall, typically we see others dominance move up, which I don't have here, but you can see Tuesday it actually increased by 1.37%.

[00:10:44]That's very much normal and to be expected when Bitcoin dominance drops.

[00:10:48]So, because Bitcoin dominance tagged the fast line on Sunday and got rejected from it on Monday, there's a good chance that we see Bitcoin dominance fall, which means dominance should be going into alts. So, the total ES chart, which is the total crypto market cap, excluding stable coins, is still looking bearish. I know totally. D looks very different, but the reality is that the total crypto market cap has not closed inside of this red or pink mass, which is the TBO cloud. So, we're still technically strong bearish just like Bitcoin is strong bearish and Ethereum is technically strong bearish as well. So, the reason why I focus on the totally yes chart is because this shows us the entire crypto market cap excluding stable coins. So, this gives us a better overall picture of the health and the wealth of the crypto market. So, looking at this chart, yes, it's had a pretty good bounce, a pretty good recovery. Yes, we've wicked into the cloud twice. Yes, there is a chance that we could see this shoot up into the cloud, but I'm still looking at a very bearish TBO and a very bearish onbalance volume.

[00:11:54]We've seen this play out, I think, four times already. Is this the fourth time?

[00:11:58]No, the third time. The first time was back over here in November where we saw the slow line pointing down. We had a big drop, a big dip in November. We had a sideways chop rally and then we dumped, mega dumped at the end of January to February, right? Then what happened from February? We chopped for a while. Had a little bit of a rally and got a bearish reversal and we dumped.

[00:12:20]Okay, so we've seen one, two, three dumps. So this is why I continue to stay bearish because the slow line continues to point down. It's still macro bearish on the dayto-day.

[00:12:34]I get a lot of flack from people saying, "Oh, it bounced." Or, "Oh, it's not dumping." Or, "Oh, it's pumping. It's dead." Okay, cool. But I'm looking at the macro picture. And I know a lot of people can't really figure out how to change the time frame on Trading View.

[00:12:48]To zoom out, you just click a longer time frame like the weekly. And the weekly is very bearish. So, a lot of people are more focused on trying to find the perfect entry for the bottom.

[00:13:01]If you feel like you're going to be missing out, cool. You can start building a position now on the coins you really like and want to hold longterm.

[00:13:08]I'm still expecting Bitcoin to go lower.

[00:13:11]I know. But a lot of people were saying there's no way it's going to go lower.

[00:13:14]There's no way it's going to go lower.

[00:13:16]Back over here on April into May's rally and then what happened? Oh, Aaron, you were right. The market dropped and now that the market's bouncing. Oh, Aaron, you're wrong.

[00:13:28][sighs and gasps] It's a good thing I don't live for people. Wow. So, totally 50. Um, no big changes here. Um, I mean, aside from the percentage going up, but we see a lot of volatility with this in terms of RSI.

[00:13:43]Now, this is really interesting. We know that RSI lost our spaghetti support back over here. Got rejected in early June.

[00:13:50]It went oversold on, well, technically on Friday down to 20.93. I had a bullish RSI reset. Now, it's working its way up already to move up to overbought values, which is nuts. It's moving back and stepping back a lot faster than expected. On balance volume is above the moving average and it's starting to slow down which is admittedly bullish. It's a sign of it picking up steam again.

[00:14:14]However, we're still bearish. Totally 100 hasn't closed inside of the cloud. Um it's still below it. It's still technically strong bearish. So still watching that and others is inside of the cloud. So this is actually a sign of bullish consolidation. Consolidation just means this chop chop chop chop. But if it's bullish, we're chopping to the upside.

[00:14:37]And then if it's bearish consolidation, we're chop chop chopping to the downside. That's the only difference.

[00:14:42]Okay. Now in TRFI, pretty much a nothing burger day. Uh the Dixie closed down just a little bit at.12% but it's still technically bullish because the price is above the cloud on the daily time frame.

[00:14:58]Yes, we have three TBO closed longs going back from Friday. So, we have one on Friday morning, one in Friday afternoon, then another one on Monday early morning. So, all of those have been closed because the price has tagged the fast line on this time frame. But these are bearish reversal warnings. Um, we'll see what happens. I am kind of expecting one more push up to 100.306, which is TBR resistance.

[00:15:25]We could also see this thing retrace back down here to support, which would be at about 98.6, whatever. That would be a very bullish move for the euro, which is back to testing on this newly broken line of support. It closed basically right at support or basically resistance on Tuesday, which is really interesting. Now, here's the thing. If the dollar falls, the euro will pump and we will have this be invalidated. So, you want to have a stop loss. You should not be trading without a stop loss, especially with futures.

[00:16:00]Now, a fall in the dollar would be fantastic for the yen, which is holding up. It's still technically strong bullish, but it does have three recent TBO closed longs on the 4hour time frame. kind of similar time frame as what we saw with the dollar index because these are correlated pretty well. So the other thing to consider is that while the price is chopping um and we have a higher level of TV resistance now it moved up from 159.852 which has been which was established back over here on the 19th of March. It actually moved up higher on Thursday last week to 160.595.

[00:16:40]But the big thing is actually um we saw a bearish RSI reset.

[00:16:45]RSI was overbought on Wednesday, June 10th at 7795. Then it fell all the way down here on Thursday, June 11th to 51.13. Now we should be seeing a pattern of lower highs and lower lows until we get oversold. That would be great. And that would also correspond with a larger sell-off. I don't know about this big of a sell-off like we saw at the end of April, but we are due for a pullback because again the yen is threatening to pump a lot higher and it's basically at um a range like an all-time high range from the last I I mean something I saw said like 9 years. No, it's actually a lot longer than that. We're at prices that we have seen. The last time we saw was in 1990 1 1990 before some of you were even born maybe.

[00:17:39]Um we got back over here in 1986. It was also at like 162. This is a big deal. So the yen really cannot afford to go up higher, can it? Uh-huh. But that means that the yen is not improving at all.

[00:17:54]That means that it's weakening. We don't want to see that. That would be very bad.

[00:17:59]S&P futures um closed down just a little bit in the red on on Tuesday. RSI after having another bearish RSI reset. Put in a much lower low. Now we have a lower high potentially on Monday. So now we're waiting for a lower low to go oversold again. We'll see if that actually happens. It's technically strong bullish, but we do have a new recent gap that's established here from Friday to Monday because of the peace pump. S&P closed red on the day, of course, negative.57%.

[00:18:33]We still have a gap down here at 7456.

[00:18:36]We'll see. But the bigger thing is that we got gaps going all the way down to 6618.

[00:18:42]RSI, by the way, even though it did have a really weak bullish RSI reset on the on Thursday, June 11th, it's clearly putting in higher, sorry, lower highs and lower lows, which is bearish. NASDAQ closed down 1.89%. Again, still have a short-term gap to fill at 29733, but the bigger gap is all the way down here, 24209.

[00:19:06]The Fang Index, it's doing about the same. Just yeah, flopping around like a dead fish on the beach. Nvidia, very interesting.

[00:19:16]Two things are very interesting. For starters, it almost closed the peace pump gap because the peace pump gap is down here at 207.07 and it printed a TBL close long. Again, these blue diamonds tell us a lot of information. And these are from the trending breakout indicator, the TBO. And they tell us that if you are in a long position on Nvidia, you might want to consider taking a little bit of profit out once the price returns back to the fast line.

[00:19:42]But here's the thing, these compound in terms of intensity and their warning level.

[00:19:49]So, if you opened a long back over here on the TBI open long on the 14th of April, really the 15th of April at 196, and you haven't taken any profit, even though we saw a total runup of 20%. When you see a closed short like we did on Friday, June 5th, we don't sell on the fear. We wait to sell when the price returns back up to the fast line. So instead of scaring ourselves and only taking 4% profit, we're actually able to take more profit because the price returns up to the fast line. So instead of 4%, now we're looking at 7 and 12% profit. That's great.

[00:20:26]But when we see multiple TBL close longs in a relatively tight grouping or a cluster, this is a compounding compounding reversal alert. When we see lots of TBO closed longs, that's a bearish reversal alert. We see lots of TBO closed shorts, it's a very bullish reversal alert. The closer that these happen together, the tighter the proximity, it's a very, very important thing to pay attention to. So, we have two of these on the daily time frame of starting back on June 5th. So, it's not necessarily like back to back, but it's still close enough. And we have a gap all the way down here for Nvidia at 17823.

[00:21:08]The VIX nothing burger still looking pretty decent. Uh the NIK pushing up higher and harder making yet another new all-time high yesterday at 70,140 which is insane. But just pay attention to a couple of things before you're like, "Oo, look at that." Um RSI on this new all-time high yesterday only moved up to 69.5.

[00:21:34]On balance volume is still net bearish, net negative, net bearish. Volume is still lackluster. Yesterday was not a public holiday in Japan at all.

[00:21:46]Something is very fishy. And we have TBO breakouts all the way up here after the big pump, which is usually a topping sign.

[00:21:54]oil dumped and it closed below the cloud. That's a huge, huge deal. Oil is now on its way to this final lower gap at 68137.

[00:22:09]Now, looking at precious metals, gold and silver are holding up pretty well, but they're still strong bearish below the TBO cloud on the daily. And in the weekly, we know that gold is in bearish consolidation with a TBO closed long two weeks ago. These TBO closed longs when they appear on the weekly are much bigger signals than on the daily than on the 4 hour. Okay? It's exponentially more important and more noteworthy the the slower the time frame gets, I guess you could say. So, because we have a closed short, yes, I am expecting the price of gold to move up to the fast line, which is currently at 4541.

[00:22:49]However, this is a bearish reversal warning alert. The last time we had TBO closed longs was all the way back over here in September 2023. It's a big deal.

[00:22:59]They don't print every single day. It's a huge deal. Silver is still bearish.

[00:23:06]Um, even though the slow line is pointing up, the price is below the TBO clout. I am and I still have added to my short position on silver. Could it pop up higher? Yes, it could, but I'm still leaning bearish on silver. PAX G BTC, just so you know, printed a TBT bullish divergence on Sunday. I missed this. Um, you can see how well the bearish reversal or TBT bearish divergence from Sunday, June 7th, worked out. That actually was perfect here at 0.06992 and we saw PAXG fall 7% from there. Now we have the bullish TBT divergence here which means that we should see a nice bounce up higher which means that gold should outperform Bitcoin believe it or not. Okay. Now I have more that I want to share with you today but before I do as always go to the bettertraders.com click all the links click all the buttons. See how many buttons you can click. have a stopwatch timer and just go on a clicking frenzy. But most importantly, click this one right here. The 50 minutes financial freedom course is awesome. This course comes with coaching. It comes with a PDF copy of our Better Traders Journal, which I'll talk about in a second. It comes with access to the Better Traders Club, and there's also a deal right now where you get um a 50% off the yearly club subscription, which is awesome. The Better Traders Club is a Discord server, but it's way more than that. There's so many awesome things that are coming your way. I'm super excited to share that with you. So, this is the place to start. The other things to check out are, like I said, the TBO. You don't have to sign up for a course to get the TBO. You can just get it straight away with the links that are down below. And it is on sale for $37 a month. You can also grab a hard copy, whether it's hardback or paperback of the Better Traers Journal. And if you fill it out, you like it, you use it, you can actually order this on Amazon, have it shipped to your house, and then leave us a review. That'd be awesome. Also, just a little bit of news about Kraken. Uh, my contact at Kraken has told me now that prop trading is available to all US customers and clients. Prop trading in the past has had a very, very bad name because there are lots of disreputable prop trading firms that were basically just scams. But the fact that Kraken, which is a longunning crypto exchange since 2011, is offering prop trading not just to everyone, but to people based in the US, where the United States has the tightest regulations, especially um against crypto for many years. It's a big deal.

[00:25:42]So, if you're going to sign up and trade props, whatever, do prop trading on Kraken, use my link down below. You'll also want to check out the Ink Points program and also check out Tubbit where you can sign up and trade to earn over 15,000 USDT.

[00:25:56]Now, as always, I'm going to start with my picks first. But before I do, make sure if you have a coin, a stock, or a trading pair you want me to review in these videos, leave a comment down below, add the little dollar sign so I know it's a stock or whatever. And if it is a stock, just write stock. It helps.

[00:26:12]And if you do that, make sure that you like this video, you subscribe if you haven't, and then if you've done all those things, and you want to help me reach my target of hitting 100,000 subs, then please, by all means, retweet, repost, re-share this video on your socials with your friends, with your families, so that way I can hit my target. I really want one of those silver plaques behind me. And it all happens because of you fantastic people that are subscribing and also sharing my videos. So, thank you. All right, first off, we have all these light blue flags right here. They all mean something. And we have a TBO breakout, which is where we get the namesake of the TBO, the trending breakout indicator. So, it shows us the trend and also when breakouts are happening. Now, there is a distinction of where the breakouts happen. If we have an open long, which you do on Monday at 5 am, and the price shoots up 14, 15, 20%, then we get a TBO breakout at the very top.

[00:27:12]It's a little bit, it's just a little bit too bad because it's not really the best bullish signal ever. Um, could we see Hyperlid shoot up higher? We really could. But the main thing is that seeing a tibial breakout this late is typically a sign of exhaustion.

[00:27:31]Now it keeps pushing up higher and harder. Hyperlid put in a new all-time high at 76.955 yesterday, which is insanity.

[00:27:41]Our new fibs, here we go. We're getting closer. Remember I said we have this target up here at the 1272.

[00:27:47]So 79.372 is that target. This is typically what we call a termination zone for people that use fibs. So, we're seeing the price respect previous highs and it's not closing yet above TBO resistance. But if it does, the next logical place for there to be a lot of volatility and a pullback would be the 1272 where we would see possibly a drop to the fast line of 20%. if it's going to respect that. Worldcoin not only pumped above our first support fan line, it pierced above it and it pumped 15% and it printed a TBO breakout. Again, same idea after a 57% move.

[00:28:30]It's very bullish. There's a lot of volume coming in, but that's an exhaustion breakout 100%. Can it go higher? It can, but right now we're just seeing shorts getting squeezed. Um, you've heard me say it before, there's no need to chase this or to try to time the top with these parabolic charts. No, no, no, no, no, no need to do that at all. So, it will just keep pumping as much as it wants. We just want to wait for the first signs of weakness if you're going to take a short position.

[00:28:55]But right now, the trend is your friend and the trend is up. Aer Drrome um after having the studio TBO close longs back in May. It closed it on Sunday, pumped on Monday 13% yesterday, pumped 10% and printed a TBO breakout again after a 30% move.

[00:29:15]That's an exhaustion breakout, not a continuation sign. Now, Aerodone could also push up to current TBO resistance, which is at 53 cents. If it does, it will most likely retrace from there.

[00:29:27]S&P6900. Yes, that coin also has three TBO breakouts in a row. The first TBO breakout confirmed yesterday after filming my video on a 16% pump after the price had already moved up. 6% is actually not that bad, but seeing the TBO breakout on a 16% candle is a little bit I don't know. I don't like it.

[00:29:56]So, the chart is technically overbought with RSI. We're getting close to previous highs. This would be a very, very interesting chart to watch to set up for another profit taking moment or for setting up for a short. The last time we saw some sort of a rally on this chart was back over here in the beginning of May and it moved up to historical TBO resistance was managed to actually push above it another 9% and got absolutely slapped back down 45%. So just keep that in mind before you start chasing. Now, these orange flags are talking about these guys, TBO Clo shorts, and unis swap is having a lot of good news right now because of [sighs and gasps] can't remember the company, but they're basically super bullish on unis swap, which is fishy to say the least. Like really, unis swap out of all of them, out of all the decentralized um whatever, doesn't matter. So unis swap is pumping on this good news and yesterday it pumped up 15% printed a TBO close short which invalidates the previous TBO breakdowns.

[00:31:05]It's now above the cloud. It's pumping up. Last time it pumped up to the top of the cloud was on May 10th where it got rejected and fell down 44%. Just saying.

[00:31:14]Which also last time that happened it pumped all the way up to the weekly fast line and got rejected. Just saying. This week alone, it's up 37% just saying. So, the fast line right now is at 3.649, which if it gets rejected is a very, very handsome entry for a short or if you're long, taken some profit. Caspa still has an open tbo close short. Open close. What this means that we haven't seen the price retrace back to the fast line. Remember this whole spiel about the Nvidia all this stuff? That's the bearish equivalent of those TBO closes.

[00:31:54]So, we have a closed short. We have a short position confirmed on the 27th of May. This is telling us now with the closed short on the 15th of June, hey, the bearish trend might be reversing soon. Therefore, you might want to take a long when the price returns to the fast line. That's what it means. Cake, same thing. We still have an open close short on Sunday, June 14th. Still waiting for the price to pull back to the fast line. Um, some actually it makes a lot of sense that Cake is pumping up higher because Pancake Swap, Unis swap, they're both very similar.

[00:32:24]So, you got to kind of put two and two together to see, oh, are we going to see um some sort of like DeFi?

[00:32:33]Yeah, a DeFi rally. I guess if Uniswap's doing well, then could we see Pancake Swap do well? Yes, they're they're correlated. They're of the same category or family. I guess these green flags are obviously for bullish things that are happening or they're just letting us know that the charts are generally bullish. So NER remains above the cloud.

[00:32:51]It's strong bullish. However, yesterday even though it closed down 3.59%, it's still technically bullish. Now on the 4hour time frame, there are no other things to watch for other than a pullback to the fast line on the 4 hour.

[00:33:03]But the main thing is that we have two TBO closed longs, the blue diamonds.

[00:33:09]When we see those close together, even though we're seeing the price kind of push up higher, just understand that this is still a bearish looking chart.

[00:33:16]It is to me. Filecoin confirmed a TBO, sorry, TBT bullish divergence, this green triangle. The last time we saw one of these was on a pump on the 25th of February, and it literally retraced all the way back down. These are very early bullish reversal signals. Not the chart's going to pump right now today a million%. No, it's just letting you know, heads up. So, there you go. Heads up. Cornflakes, actually, cornflakes, but I like to call it cornflakes, also pumped 6% and put in a TBT bullish divergence, and it's now inside of the cloud.

[00:33:52]So, it has made a shift away from being strong bearish into bullish consolidation.

[00:33:58]Now for these pink flags which are all bearish. Uh BNB got rejected uh falling down 2% from the TBO fast line yesterday. Crow fell down 3% from the fast line. Atom this one is printing three TBT bearish divergences on the 4hour time frame with a descending slow line. That is a bearish reversal warning. Zero TBT bearish divergence confirmed early today. Myx TBO breakdown cluster on the three-hour sorry on the three-hour on a 4 hour time frame and the price has fallen down to support.

[00:34:33]Now, this is a pretty hard signal to to accept because it's a bearish breakdown warning. However, the price is right at support. The last time we saw a TBO breakdown cluster was Friday, May 15th, and it dumped 29%.

[00:34:50]So, a part of me also wants to just buy the dip on this chart because it's oversold. I know, conflicting, right?

[00:34:56]But the last time it dumped down here, we saw NYX pump. First, it pumped over here in April 198%. And after it dumped over here in May, it pumped up 166%. I want in on the next pump. So, it's a little bit conflicting. I know. What would be the best thing to do? Well, I would personally wait instead for a bullish RSI reset, which would mean RSI would have to go below 25, which means the chart would dump and then buy once it goes above 25. And then you just kind of b your time and wait. So that's just a couple of strategies. Just trying to share how I look at the charts and how I consider what's happening. PYT two TBT bearish divergences on the 4 hour. Yes, I see the close short. This is in progress. It is not yet confirmed, so can't really say. Oh, watch this. Um, FF printed a TBO open short, strong bearish. Yes, it has two recent um RS bullish RSI resets. The second was confirmed on Monday with a slightly higher low on Sunday.

[00:36:04][snorts] It's difficult. Um, we are still expecting the price to go up and tag the fast line after printing a TBO close long on the 9th of June. If it were to happen and pump today, that'd be a 10% pump. Could it invalidate this open short? It could, but this is letting us know that a bearish downtrend is finally confirmed. But we already knew that.

[00:36:24]Now, these ones right here, these blue flags are all telling us TBO closed longs. Watch out. Audra beat dropped 38.59%.

[00:36:35]So much for that TBO springboard bounce, but I was telling you guys, I don't think it's going to bounce. That's a pretty that's a really big bounce. Now, what's really interesting is the price has fallen down and bounced off of the 786 Fibonacci level. Actually, it wicked perfectly into it early this morning.

[00:36:53]So, there might it might dance around a little bit, but it just goes to show you how powerful these fib levels are.

[00:36:59]Because we have a closed long, it makes more sense to see the price pump to the fast line, which would be a 40% move from here.

[00:37:07]Uh, VVV, this one printed a TBO closed long on Monday on a 10% drop. It is now closed it on Tuesday. It's back above the cloud, but that's again a sign of weakness. It is a warning sign. Just pay attention. H.

[00:37:24]This one printed a negative 14% close, but really yesterday it dumped 53%.

[00:37:32]So, it looks like it's going to close the close long today. It's already up 15% today. I just want to show you how awesome the TBO is, though. Look at this on the 4hour time frame. Do you see this green dotted line? This is TBO support.

[00:37:45]Literally the most perfect possible entry two times in a row. first back over here on the 11th of June at 17 cents and it rallied up 260%. Are you for real? And then Tuesday, yesterday, falling back down to that same level and it's now up 105%. Are you kidding me? Did I get in on this? No. I'm busy making content for you guys. But hopefully you're learning how to use this indicator so that way you guys are crushing it and making tons of money because that's what I'm trying to help you do. Uh now for these red flags, these are red flags actually a great self-explanatory reason for these because it's uh careful. It's a watch out flag. Just a reminder, Zcash is macro bearish with onbalance volume.

[00:38:37]It's in bearish consolidation on the on the TBO.

[00:38:43]I'm still leaning bearish on this chart.

[00:38:45]I still don't see this thing holding up long term. I know that a lot of people love it. Trust me, I know. And I get a lot of hate for this for hating on this chart, too.

[00:38:57]So, you do what you want to do. I'm just sharing the flags with you. And this is a red flag to me big time. Towel, we know that it did not hit our overhead resistance target around $300 on Monday.

[00:39:08]And since then, it's fallen down about 12%, but more importantly, it fell back in the cloud in bearish consolidation.

[00:39:14]RSI also retreated from overbought levels above 70 and onbalance volume is back below the moving average which is still pointing down. Red flag a this one is a red flag because we saw a pretty good bounce of 7% on Monday and now it's confirmed inside of the cloud. It's in bullish consolidation mode. It's overbought on RSI as well. We have seen this happen so many times though with this chart back over here multiple times in February. Over here there was a pump that was in April. Over here there was a pump in May. And now the price is back inside of the cloud. Do you want to know something about a really likes these Fibonacci levels? So, a logical place for a to be rejected from is the 236 fib level at 85.92, just so you know. Now, on to your picks.

[00:40:14]Tria. Tria had a really big pop yesterday of 36% which is wild. It already had a bullish RSI reset.

[00:40:24]actually not one, not two, but three ever since the beginning of this month, which is crazy. Now, seeing TRIA pump in one day, 36% right up into the cloud is a big deal. It's a big move. If you bought the dip, congratulations. And now you're up 40%. Amazing. Now the next places to look for in terms of resistance or targets for taking profit are going to be the top of the cloud which is this topmost pink number at 0036905 currently and then TBO resistance. But don't look at today's TBO resistance which is at 0049. Look at historical resistance which is at 0.042. Why? Well, historical levels of support and resistance are still very much valid, especially if they're super duper long, which they are in this case. So, amazing balance on TRIA, fantastic, great price action, and you want to find charts that oscillate that move up and down like this regularly. It's a really good move.

[00:41:24]So, make sure that you're taking profits on the way up in case it also retraces again. Helium Tech, Helium, I haven't heard about this coin in a long time.

[00:41:34]had these three tubio breakdowns in a row at the end of May and then it plunged 60%.

[00:41:40]Clearly, I did not short the right coin.

[00:41:43]Oh my gosh. Oh my gosh. Massively bearish down to 30 cents. Just an absolute flaming piece of garbage. Wow. Just brutal.

[00:41:57]Brutal. I I have nothing else to say other than ouch. Now, here's where things get interesting.

[00:42:04]If you are a very high-risk trader and you love oversold opportunities, I have to point out the fact that RSI on the weekly at 12.19, although this is a massively bearish chart. Just because it's oversold does not mean it's a good discount buy. Okay? It's not like going to Marshalls. It's not like going to TJ Maxx or Nordstrom Rack and going like dumpster diving or like whatever, like sail bin diving, whatever. It could go so much lower.

[00:42:34]It could. All the people thought that they were buying a really good discount here at 80ents after seeing TBO support on the weekly established in February and we had a pullback um in the week of May 11th to that same level. All those people now are down 60% plus.

[00:42:52]Just because it looks like it's bottomed out doesn't mean it's bottomed out. But the moment this gets a little bit of a bounce, you know what's really interesting about the chart? Where does the price continue to pump up to? Ever since April 2025, over a year ago, the fast line, where does it get rejected from the fast line on the weekly time frame? Whether it's $4.30 30 in April and May 2025. Over here in July 2025 at 394. Over here September 2025 at 309. Over here November 2025 at 266. Over here February 2026 at $1.71.

[00:43:37]This is always going to be a great place to take some profit on a pump on an oversold short-term pump. Do you get what I'm saying? So, am I saying, "Oh, yeah, you should buy this." Absolutely not. That's not what I'm saying at all. I am saying that there is a very This is an insanely oversold chart. Wednesday, June 10th, 7 days ago, RSI was at 4.6 and it's still oversold.

[00:44:04]Just because it's oversold does not mean it's a good buy. It means it's a good buy. But it has the potential to do a short-term pop just like it did back over here in February where it shot up 100% out of nowhere. Did it stay up there at $168? No. It fell down 82%. Do you understand what I'm saying? So, if you're looking for a shortterm opportunity, that's how you could trade it. But I'm not saying this is the ultimate pico bottom that you're going to ape into with your entire life savings and take out a loan and sell your Bitcoin to buy Helium here. That's not what I'm saying.

[00:44:43]I'm not saying this is the bottom. I'm saying if you're going to trade it shortterm, you now have some targets to consider. You get it? Good. Stocks.

[00:44:52]Tesla continues to look pretty decent.

[00:44:55]It's in consolidation mode. The main thing I'm concerned about is see this cloud which is the top line here and the bottom line. See how it's getting closer and closer? If we don't see any big changes yet, these are going to get super close together. And the closer they get, that's what we call a TBO squeeze. And we're typically going to see an explosive move happen when the TBO gets too tight, like a Ballinger band squeeze. Watch for it. DDD. Um, it's back above the cloud on a nice 5% move at the end of the day. There is short-term resistance on the TBO at 339, but the main thing is that there's still a gap to fill at 358 from Wednesday, June 3rd, which is a very real target.

[00:45:39]It's only a move up of 12%. Not that hard. And the chart loves to fill gaps.

[00:45:44]Look at back over here on Monday, May 11th to Tuesday, May 12th, there was a gap up. Guess what happened? It filled it on the pullback on the 19th of May.

[00:45:56]Gap fill strategies are awesome with stocks and the TVO can help with this.

[00:46:01]AMC TB breakout cluster on the daily Thursday, Friday, Monday. What?

[00:46:12]Really?

[00:46:14][laughter] Wow. I don't even remember the last time I've seen a TBO breakout cluster on AMC on the daily.

[00:46:27]We have TBO breakdowns in October 2025 and again another cluster in December 2024 and again in August 2023 and again breakdowns in December 2022 and again October 2022 and again May 2022 and again December 2021. The last time we saw breakouts, I kid you not, June 2021 and it was the top. Ouch. I don't think that's where we are though with this.

[00:46:54]But that is wild.

[00:46:57]What a crazy crazy thing to happen.

[00:47:01]Well, I wonder if uh retail is trying to pull a roaring kitty moment here with AMC. Wow, look at that.

[00:47:10]On the weekly, too. Last week, it confirmed a 30% pump and a TBO closed short. What did AMC now open up some of their movie theaters as data centers for AI? I'm kidding.

[00:47:23]Okay, so on the weekly time frame, believe it or not, AMC is now overbought. Onbalance volume looks great.

[00:47:32]Volume looks good. This chart could actually push up higher. It's in the cloud. It's in bullish consolidation on the weekly. does not mean that this is going up and to the right forever because we have a close short on the weekly. I should we should see a pullback of 30% to the weekly fast line at 171. A 30% drop would be devastating.

[00:47:55]But that would be the optimal entry.

[00:47:59]However, you could also take a DCA strategy, meaning you could enter here and then have a safety order or a DCA order down here. And if you do that, you want this safety order or the DCA order to be two times whatever your entry is.

[00:48:13]So if you're putting in a 100 bucks, save 200 to buy on the dip. If it's $1,000, put $2,000 aside to buy the dip.

[00:48:22]Now, this is an insanely oversold chart.

[00:48:27]Do I think there's going to be another Roaring Kitty moment like we saw back over here in 2021 where it rallied up 2,000%. Absolutely not. No. But it is showing a pretty amazing comeback. Do you know where the best place to take profit's going to be? The weekly clouds slow at 441. Wow, that's messed up and crazy. All right, let's keep going.

[00:48:50]Octa, we still have a gap fill that we're waiting on down here at 9664, even though it's technically strong bullish.

[00:48:57]SLNH.

[00:48:59]Uh, it's bullish above the weekly, sorry, the daily cloud. Onbalance volume is okay.

[00:49:07]Um, on the weekly, it's in bullish consolidation. It's trying. It's really trying to break above the cloud. Um, interesting. Okay, it's not bad.

[00:49:18]ESTs on the weekly, it's in bearish consolidation after dropping last week about 12%.

[00:49:25]um two TBO closed longs on the daily is pretty bad. It looks like it's going to oscillate back down to support which is around 6575 if not there and we have a support level here at 52 and etc etc. DEFT um strong bullish on the daily time frame overbought um it's going up towards TBO resistance at 5951 where it got rejected from last time on the weekly time frame. It's back to being strong bullish and not overbought on RSI yet. Not bad. SanDisk uh last week closed up 27%. RSI is still massively bullish even though it's putting in lower highs. The daily still looking really good even though it closed down 5%. If it pulls back to the fast line which is at 1708 or 1,78 that's a buy the dip opportunity for a 24% bounce.

[00:50:19]two TBO closed longs from earlier this month in June. We closed them. It's above overhead resistance, which is great. The weekly is still very bullish, but the price again is failing to push above TBR resistance at 63.59.

[00:50:35]A more logical place for an entry will be the weekly fast line, which is at 5074. Again, really good bounce of like 22%. Last but not least, Amazon still has a gap to fill way down here from this April pump that we had because of the war, all that fun stuff. Uh we also have a [clears throat] couple actually many gaps to fill, but namely we have a TBO closed long from June 2nd that that we're waiting on the price to tag the fast line. Isn't it interesting that from Friday, June 12th, it's moved up 6%, but it still has to go a little bit higher to tag that fast line. All right, great. So, I shared a video yesterday talking about um or doing a deep dive, not yesterday, on Sunday, a deep dive on the Sooiecoin. Today, I'm going to be filming another deep dive on another mystery coin. And all of you that have been sharing your requests for coins and tickers that you want me to do for that, I am paying attention to all those comments. But everyone that's in the Better Traders Club, everyone gets access to my Sunday deep dive videos first. So, if you don't want to wait until Sunday, you want to get that alpha early, sign up to the better traders club. You have to do that through the betterraders.com.

[00:51:46]And if you missed the sooie video, watch it. It's a great deep dive. And be on the lookout for this weekend's video.

[00:51:52]Until the next time, you know what to do. Stay awesome and stay in the green.

[00:51:55]Peace.