Crypto Sentiment Is Clear Here (as BTC pushes up to $80k)

Added: 2026-05-05

[00:00:00]Hey guys, welcome back to the daily crypto market update. Bitcoin closed up green on Tuesday, up 65%, putting in a nice spike and a push above overhead resistance yet again. This is actually the third pierce in the last 5 days, which is very exciting. Actually, it's technically pierced this resistance level yet again. But isn't it wild how basically that linear chart showed basically no resistance? I mean, there's one pierce push down than it shot it right above. Isn't it weird that the logarithmic chart is showing so much more resistance?

[00:00:36]I don't know. I think it's odd. Um, now here's the truth about this. Because BTC has wicked and pushed above this level.

[00:00:44]Actually, not pushed. Let me rephrase that. Because Bitcoin has wicked above it now three times. It has weakened this resistance level significantly.

[00:00:55]The thing that you should be watching as a bull is a short-term target up to $80,600 or to be honest the previous CME gap which is at $81,145.

[00:01:11]The problem that I have with that target right now that CME gap in this level is that the risk-to-reward ratio again it's not very favorable up to that CME gap it's a 6.47% four 7% move. If it goes a little bit higher to 7%, cool beans. The other thing to consider is that pretty much every single time in a bare market that the price gets close to the top of the the daily TBO cloud, that slow line right up there, which is the slowest moving average, which is currently at $79,000, is only another 4% away from the current price. The risk-to-reward in terms of going long here is dramatically outweighed by the risk-to-reward of going short.

[00:01:59]The reason for saying that is because yes, BTC could still push up higher. It could push up above maybe the 82K. Sure.

[00:02:07]But if you zoom out and again you subscribe to the bearish thesis like I do, well, to me it makes way more sense to see Bitcoin go lower. if not to go down here to 60K one more time, going down a lot lower. The other thing that you have to keep in mind is the calendar. And I keep talking about historical performance because you should be thinking about this as well. I made mention of this before in a video and I keep referencing at the end of these videos on purpose. If we go down to the very bottom of this page, I'm not trying to skip past anything or hide anything. It's just the stuff I want to show you is here. If we look at bottom years, which follows the four-year cycle, right now it's 2026, so we're not going to look at this year. So, if we look at 2022, 2018, 2014, we see a couple of things. For starters, April on average does pretty well. If we look at April, uh, for 2018, it was actually the best. It's interesting because 2014 and 2022 were both negative. But if we look at the average here, average performance is about 5%. We've actually exceeded that by now for April. Now May is where things got crazy. In May and 2014, Bitcoin shot up 40%.

[00:03:26]The problem with 2014 as being a really strong market of reliable price action is that Bitcoin was still in its infancy.

[00:03:37]what it launched like 2009. So, it's only 5 years old at that time. I prefer the older market, but we're still going to just keep this on here. What's more interesting to me is the performance for 2018 and and 2022, which says -19 -15.

[00:03:52]So, an average drop for 2026 in my opinion, even though the average says plus 2%, I think it's more likely that we're going to see a drop about 17%.

[00:04:04]Give or take. Okay. So, if we just take that number into account, we're seeing our rally, like I said, is most likely going to be happening in April. So, if we were to see a 17% drop for BTC, and let's just say it actually freezes right where it is, and it closes the month down 17%. That would put Bitcoin at exactly, and again, this is never how this works, but that would put BTC down here at approximately $63,200.

[00:04:35]Now, the obvious problem with this is that this is the close and we're not factoring in the volatility of the last several months. And I don't look at the volatility for that. It's just there's too much.

[00:04:48]What I'm seeing though is that it's more like Bitcoin is more likely to have a pullback next month. So, we're getting our rally. Just like I said, we're probably going to see a rally. Even though I wasn't really in support of a rally, I still think we're going lower.

[00:05:01]But we have our rally in April, which means that in May, we should be seeing a pullback. The other thing to consider is that historically speaking, May and June are pretty red. Actually, June is worse.

[00:05:15]In 2022, Bitcoin fell down 37% on the monthly close.

[00:05:21]The volatility, which is measuring the high to the low of that close on the candle, was way greater, like 50%. We'll look at that in a second. I'll show you where to find that. If we look at 2018, there was a 15% pullback. 2014, there's a plus three% close. So, the bottom average of all of those things or the average of those bottom years is at -16%. But if we're going to average 15 to 37, it's somewhere around what, like 20 25 or so, 20. Yeah, we'll just say 25%. So again, going back to Trading View, if we saw, again, these are just projections, but a 25% close on the month would put Bitcoin down here by the end of June. I'm sorry. So, we're going to have to scoot this over like this. Going have to scoot this over. Great. So, something like this, maybe. and something like this maybe because in July historically speaking we get a bounce in July except for 2014 um we saw 2018 have a nice bounce of 21% 2022 we saw a good bottom bounce of 17% and then August is red across the board September is red across the board October we'll see that's typically where well not typically that's where we're projected to bottom so April we're getting our rally. May it's not looking so great for the last two bare markets, but 2014 was an outlier.

[00:06:56]But again, what's more interesting is that take those two averages from 2018 and 2022 and we superimpose it moving forward. What's really wild is 17% drop brings us down here to 63K and then a 25% drop brings us down to gasp $47,000.

[00:07:14]It's not crazy what I'm suggesting. And I'm not just pulling these numbers out of my butt. Right? So, I mentioned before before I'm going to forget. I knew I was going to forget. Um, going back over here to this free resource, which I'll include in the comment section down below. If we just switch all this to median and we do the um volatility, which measures the wick to wick and we just look at our bottom years, we know for a fact that uh May and June, we see some crazy volatility.

[00:07:44]All right. So, volatility is always going to be way bigger than the close.

[00:07:48]If we look at 2022's volatility for May, it was negative 33%, then - 455%. We already talked about those numbers being a lot smaller than that. Looking at 2018, the volatility 29% 26% in the red.

[00:08:01]Again, this is measuring the top wick to the lower wick. So, we're well or I'm expecting way more volatility in the next 2 months. So seeing extreme volatility around 27% and over here around we'll just say 40%.

[00:08:20]That means going back over here to the chart again good grief. Trying to look at the numbers to make sure. Yeah. 27%.

[00:08:29]I mean that could be s significantly lower. 27% means maybe a little bit higher maybe. But 27% brings us down to 57. Um 30 something% 40% actually is what it says. I mean it could be as crazy as what I was talking about before. So 40% brings us down to 36K. So you guys think I'm out of my mind. I'm not out of my mind. Again, I'm I'm doing I'm following my plan and the data speaks for itself based off of what we we could see. So that 40% volatility again measuring the top of the monthly wick to the bottom of the monthly wick for the last two bare markets in 2018 2022 for June May and June we're seeing a lot of volatility projected which means we could get that lower wick down to 49k. It's not impossible. We could see that lower wick down to $38,555.

[00:09:29]I'm not just saying these numbers because I love being bearish. Again, my handle is moon and papa, but I'm also not going to willfully ignore this the data. It doesn't make sense. Now, in terms of other indicators like RSI for BTC, um it it put in this slightly lower pivot low on Sunday the 19th at 51.94.

[00:09:53]It moved up again on Tuesday to 63.75.

[00:09:57]Cool. If we close red on the day, then that will be a lower high, which means that we should be expecting a lower low, which is going to be difficult to grapple with. Although the price has pushed above overhead resistance. It looks like BTC actually wants to push above resistance to push above 78 79K up here to close that CI gap, which I didn't really expect to have happen. Um, so that seems like what's going to be happening next. It's just interesting that the price is still being rejected around this level. So, the same thing that I said yesterday holds true today.

[00:10:33]If Bitcoin can actually close above this line, above this white line, it's a big deal. And BTC will most likely be heading up to 81K, which is like a 6% move, 7% move. And after that, we'll just have to see how things go. Uh, I'm not expecting it to, but it's going to looks like it's going to be pushing up higher than I was really expecting it to go. Ethereum.

[00:10:57]Now, what's really weird to me is that Ethereum has been absolutely rejected compared to BTC, which looks much stronger right now. Bitcoin dominance is a clear sign of that. But the striking the striking difference between Bitcoin and Ethereum is the reaction to resistance and also the fact that Ethereum hasn't even tagged or excuse me pierced its overhead resistance level.

[00:11:18]Um while it did bounce back on Monday and Tuesday, it's only moved up like 2 and 1.5% maybe 3%. Um RSI is very clearly weakened.

[00:11:31]Got in the wrong spot. Um, we saw a lower pivot low uh here on Sunday confirmed at 47.36.

[00:11:39]I am expecting it to make a drop or a close below this support level. Now, if Bitcoin pushes up higher, Ethereum will follow. It will outdo it. I'm really curious to see how Ethereum is going to react to TBO resistance here at 2376.66.

[00:11:56]We'll see. To be honest, onbalance volume is on Ethereum and Bitcoin's side looking strong bullish. Although volume in general is still very weak for Ethereum and for Bitcoin, it's still falling off. So, it it seems to me like price action right now is being driven by news, no duh. Uh but also liquidations and short and short squeezes.

[00:12:19]So, it's it's still not believable to me. Uh the Ethereum CE gap has been closed. Um, the Salana CME gap is still open at 87.5. It only has to move up just a little bit to close that. Most likely it'll be closed today or in the next 24 hours. It's pretty easy. Um, so we get rid of that guy. The the most striking thing that's happening right now in terms of crypto is Bitcoin dominance printing a third, well rather it's in process of printing a third TBI breakout on the daily time frame after the explosive move.

[00:12:55]It's striking because this usually doesn't print on the top of a move and if it does, it's an exhaustion breakout. It's It's pretty wild that there's this much emphasis on Bitcoin right now.

[00:13:10]So I don't necessarily I can't really say if this is bullish or bearish but what I am noticing the biggest thing that you should be noticing as well is that RSI u it did push above this line of resistance if it exceeds the pivot high that we saw on Tuesday the 14th at 72.86 86. That's a pretty big deal that we should be seeing Bitcoin dominance increase higher and higher. A good target to be looking for for some sort of respective resistance is up here. TBR resistance uh just below 61%.

[00:13:43]Which again, that's a that's a pretty big move for Bitcoin dominance. It It's That's a spicy meatball. Okay. Um not expecting it.

[00:13:55]I'm still cautiously looking at this like, are you sure? Really? Are you really going to do that? Um, totally yes. The total crypto market cap excluding stable coins had a semi test on Tuesday. Didn't really test it though. It pierced it last Friday, kind of pierced it on Saturday, but it's still in bullish consolidation. Um, if it closes above this level, it'll be moving to the top of the cloud, which is at 2.38 trillion. that number right there, the pink one at the top, that will be a very bullish reversal move.

[00:14:29]Um, I'm skeptical about that happening.

[00:14:31]Um, mainly because RSI got overbought on Friday the 17th, which put in a lower low. Sorry, a lower high than Monday, March 16th. Our spaghetti support was closed. We put in a lower low. Most likely, we saw a higher uh lower high.

[00:14:48]So, we'll see another pullback. I I don't know. It's still a little bit weird to me. Um, totally 50 here on the 4 hour time frame has now printed a third recent TBO close long. Same thing with Totally 100. These are bearish reversal warnings. Seeing one of these on the 4 hour, no big whoop. Uh, seeing two of them, that's interesting. Three, it's like that meme with the guy in the gaming chair leaning forward like he's he's locked in. Um, that's a pretty big bearish reversal sign to pay attention to. There's been a lot of volatility with charts pumping and dumping going in and out of the total E 100, total E50, which is why all this crazy stuff has happened. It's still technically in bullish consolidation, which means we chop solidate. The biggest reason um why I'm not really excited about things is again the whole argument that I laid out before about Bitcoin getting rejected here and falling lower. The whole thing about May and June being historically bearish for Bitcoin, that means that totally 50 and totally 100, while not everything will fall lower, there's a really high possibility that the market will overreact like it typically does as per the multiple factor effect which states that if Bitcoin falls down 1%, Ethereum should fall down 1.2%.

[00:16:08]Maybe Doge falls down 1.5%. Maybe River or Zero or H falls down 2% or 2 and a half. So if Bitcoin is slated to have the pullback that I'm expecting it to have, we should be expecting alts to absolutely get crushed over the next two months, but no one's really thinking about that because things are kind of sort of okay right now, which is very very strange. It's very deceitful, I think. Um or it's just markets being markets. It's okay. Now, let's move on to Tradfy.

[00:16:43]One of the biggest things that could push Bitcoin lower, which would also in turn push Tradfy lower is rising DXY or the US dollar index on the rise. The reason why it's on the rise for a couple of things is just because markets oscillate. It's normal. It's normal price action. It's nothing terrible that's happening. Um, one thing to consider is overhead resistance here with this chart. So, we still have this pesky gap that was created on the 7th of or rather it's it was created on the 8th of April, the beginning of the month at 99.516. I keep talking about this level a lot. What's really interesting about this right now, there's actually two things. For starters, that's going to be below this resistance level. And if we see a move up to close that at 1.2%, that's most likely going to cause or reflect some sort of a pullback in the greater Treadfi indices.

[00:17:44]The other thing that's very clear that's happened is RSI has put in a bullish RSI reset and it's pushing up considerably higher, which is really interesting. I still expect this to push up higher. And the other thing I expect to push up higher is the USD JPY. Uh, and the reason why I expected this to push up higher is that because the Dixie closed up, perfect example, by the way, good grief. The Dixie closed up 36% yesterday. What did the USD JPY do? 33%. Not exactly one one price action, but you can see that USD JPY is obviously affected by whatever the Dixie does. So, the problem that's presented right here is that RSI is bullish. We have resistance. Sure. And we also have this gap up like 1.19% higher. Again, the same thing as I said yesterday. If that is going to get filled 1.19% higher, it it pushes USD JPY to some very uncomfortable levels where the Bank of Japan will have to step in to defend the currency because it's it's literally just being gutted.

[00:18:57]S&P futures on uh Tuesday's close printed the first red candle since the 3rd of April. We we've literally just seen nothing but green candles for the last 11 bars, which is nuts. On the 4hour time frame, it printed its first TBT bearish divergence, that red triangle, uh on the 4hour time frame since way back over here on the 29th of December. Now, one thing to keep in mind about these bearish divergence signals is that we need we need to actually take into account the direction of the slow line. So, if the slow line is bullish, even though it's the 4hour, which is very weak and flimsy compared to the daily or the weekly, if we see a very bullish looking slow line, which it is, and we see a TB2 bearish divergence, it's not really a big deal. But if we see two of these or three making a cluster, that will be a bigger sign.

[00:19:48]This is the first pullback that we've seen since this little pullback we saw nine days ago on the 13th and it rallied up higher. So, it's not really a big deal, but it's something to keep tabs on for sure. The other thing to consider is that the S&P or rather S&P closed its gap. It had a low on Tuesday at 71 thou sorry $7,13727 and that gap was at 7 $7,051.

[00:20:19]Cool. I just read the wrong number, didn't I? $7,50.20.

[00:20:23]The gap was at $7,51.

[00:20:26]So that little red lower wick means that that gap is closed. No, I don't care about the candle closing below those. I just look for the wick to close it.

[00:20:34]That's always been the way I've done it.

[00:20:35]I know other people do it other ways.

[00:20:37]Good for you.

[00:20:39]The Dow Jones got a higher high on Tuesday. What's pretty wild though is how the price literally smacked resistance right there. That's interesting.

[00:20:53]It's a It's not a huge rejection. It it it's just it is what it is. So, the other thing to consider is that it's not just SPX that has more more gaps to downside. It's also DJI, which also put in a very convincing pivot high uh in terms of RSI. Doesn't mean that it's going to go lower, though. It could still push up higher. NASDAQ also had a red close. It's still on an overbought streak, which is wild. Um, it did not close its gap if I am not mistaken.

[00:21:23]Nope, still has it open.

[00:21:26]Um, the VIX closed up green and it printed a TBO close short on the 4 hour. It's a little bit a little bit flimsy though. I don't really like go crazy with those.

[00:21:37]The biggest thing though is that we have a close long on the daily. We're waiting for the price to tag the fast line to close it. And again, we had a bullish RSI reset for the VIX, which means that we should be seeing an oscillating move back up, especially after it's fallen so far. The Nikk continues to look extremely strong bullish.

[00:21:58]Uh the price continues to wrestle with TBO resistance at 59420 which actually just poked up to 59,490 starting on Friday last week. It's still strong bullish on the TBO. On the daily time frame, the weekly time frame, it's incredible. Um on the daily time frame, in terms of everything else, RSI looks great except for the fact that it's putting in a lower high. On balance volume looks fantastic. It does. Period.

[00:22:27]I'm still just a little bit concerned and it might just be the exchange. It really might just be the exchange, but I'm a little bit concerned and puzzled as to why volume is falling off for the NIK, but it's putting in these higher highs. So, it could be the OSE. Okay, sure. Um, if you guys have a better exchange that I should be looking at for the Nikk prices, by all means, tell me.

[00:22:48]But, it's a little bit odd to me. Um, the other thing to keep in mind and consider is that I've been talking about um a reversal or rather a bullish bounce for the NK. We got it. RSI put in um a lower low and now it's putting in a lower high and I'm still waiting for a reversal which I'm expecting to see happen next. Um, US crude oil tagged the TBO fast line. So, it closed. Check that TBO closed long from Friday. Great. It still has this pesky gap up here at 110 which has to get closed. It inevitably will because nature hates a vacuum no matter how small that vacuous space might be. Gold had a little bit of a pullback 2% yesterday falling below the fast line but nothing terrible or disastrous. Uh it's just chop solidating. Note that it moved up to the top of the cloud on Friday. The next logical thing to see it do is to fall back to the bottom of the cloud around $4,500. We'll see when that'll happen.

[00:23:47]Silver also had a slight pullback into the cloud, 3%, but not the end of the world. It's just a little bit of a pullback. Uranium had a much bigger pullback. Uh 5% falling back inside of the cloud. Yaoaza. Yaoza.

[00:24:01]All right.

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[00:26:02]Great. So, we're going to go back over to Trading View. If you guys have tickers that you want me to check out specifically, leave a comment down below. Um, no guarantees, no promises, but um, if I if you do ask for me to check a coin, a crypto, a currency, make sure to leave a like, subscribe if you haven't, repost, retweet, re-share to help me try target of 100,000 subs this year. Cool. So, we're going to start first with Monero.

[00:26:30]Now, Monero XMR, very interesting pump. There's some bit of news that I don't know about, neither do I care about to be honest. Not trying to be a jerk, but I just don't care. But a 9% move is pretty decent for XMR. Um, volume, at least here on Kraken, is admittedly quite low. It has a 30-day moving average of volume at 2.4 million.

[00:26:55]It's not terrible by any means. Uh, and yesterday's volume is 10.2 million, so about four times the average yesterday.

[00:27:02]So, there's definitely something cooking in terms of news. Um, unfortunately the pumps here produced the TBO breakouts, which isn't so great. It's not really a good sign of continuation. I don't really know if it's going to be a a bullish continuation or not at this point, even though we have an open long there. It's the first open long that we've seen since back over here in September 2025. But again, given the fact that it's a bottom year in my opinion, and also the prices pushed up basically to the range where it pivoted last time over here on the 16th of March, it's not really a a good promising sign of continuation.

[00:27:36]Stellar Lumens also printed a TBO open long on the daily, but more importantly, two TBO breakouts and it closed above the 382 fib level. That's pretty great.

[00:27:49]Notice that the price is also wicked slightly higher than what we saw on the 25th of March and then of course the 17th of March which are two pivot highs.

[00:27:56]So we're looking at a pivot high after a TBO open long on the daily time frame.

[00:28:02]Chilies saw a TBO breakout cluster three in a row and it pushed up a little bit higher 5.4%.

[00:28:09]Um I'm I've told you guys already before this chart is one of the most bullish charts right now in regards to the TBO because it's above the cloud. it stays above the cloud. The main thing I'm looking at and watching right now is the fact that it's most likely going to be heading up here to TBR resistance at 0.05735.

[00:28:30]It is above overhead resistance. I don't need to measure it out to show that it did. It just did. I can tell. Um, so it's already done that move. Great. It has a bullish break. Cool. So, the next target to look for is up here, which is a nice push of 20% higher.

[00:28:47]Stark. Believe it or not, Stark has printed a TBO breakout on Friday, and now it's printing another one on a 5% move. Now, seeing a TBO breakout yet to be confirmed on the 4hour time frame with another hour and 42 minutes left is not really promising, but I mean, I'm happy to see Stark go up higher. This is what I've been DCAing into. It's been very, very frustrating, boring to hold. Is what it is. But, this is a nice move. I'm still waiting for a TBO close short, that orange diamond to print on this, but we do have TBT bullish divergences and a cluster printed on the 15th.

[00:29:21]It's not bad. Um, H, now we're into one TBO close short. This is what I'm talking about, by the way. Uh, a nice 11% move on H. Putting a second TBO close short. Great. Um, it's a little bit suspicious, but it's okay. Volume looks amazing for H. It looks really good. Whenever you see volume exceeding the moving average and it's forcing the moving average to go up like this, it's a very, very positive sign. What you'll want to see as a bull is H to go all the way up here, 22% or so, and then you'd want to be taking some profit just below that level. Why? Uh, it's a it's a pretty big move. I don't care what it does, who it is, how bullish the market is. Just saying like the last time it went up here, it pierced long-term support, which is a very suspicious sign. If it happens to do something similar to that, it most likely will get rejected again. Now, for some bearish uh updates on charts, which is why all these are pink. Um, hype has a TBO close long from Sunday, which got closed, has a TBO open short on the 4 hour. Not really a big deal, but it's more so more so of the price action. It lost just 2.42% on Tuesday, but it also fell deeper into the cloud, which means that it's in bearish consolidation. Not the end of the world. Um, I think a good reasonable target for hype is down here around $37, which is where support is.

[00:30:52]It hasn't bounced off of it yet. Tow, this one confirmed a TBO open short, that pink triangle. Um, still waiting for the price of TA to tag the TBO fast line. Maybe it's not going to to be honest. Um, yeah, and it's also dancing on this level, trying to hold this level of support, but failing to do so with volume falling off. Dexi, haven't talked about this one in a long time, had a little bit of a rejection from Sunday.

[00:31:20]Printed a TBT bearish divergence. Again, not terrible, but it's something just to be aware of. Um, the slow line is admittedly bullish. So, if the slow line's bullish, we get a TBT bearish divergence. Okay, we're we're watching it. you have my attention, but I'm not really freaking out about this as the big pullback.

[00:31:38]Um, light or lit lighter printed a TBO breakdown um very early this morning at 1:00 a.m. my time. One isn't enough, though. Note that these last two TBO breakouts here at the top of the move were a reversal. This could very well be a reversal as well. Ideally, we want to see these print before a big drop, which already happened. So, looks like it's more like a reversal. Zebeck network.

[00:32:04]Uh, this one printed a TBT bearish divergence cluster, a second one, and it closed below this level here of support. I can't short this coin on the exchanges that I have, which is very disappointing. Um, anyway, but it's printed five TBL closed longs.

[00:32:26]This is a really good short setup opportunity. Uh, Binance Life. This one printed another TBT bearish divergence uh late last night on Tuesday. Um it also wicked slightly above the 272. I am still very suspicious of this chart.

[00:32:45]While it's not terribly bearish at all, it's very very strong. Just pay attention to RSI losing a little bit of strength. Just pay attention to volume falling off. Those are some bearish reversal signs in the works. I still expect one more scam pump up, but yeah, good job for everybody that's holding Bance's life.

[00:33:07]Cool.

[00:33:08]Um, now for some TBO closed long actions, actions action action. Uh, XRP printed a second one on the 4 hour. 4 hour again is very early. It's not like dramatic time frame where you have to act right away, but just be aware that there's some bearish energy building.

[00:33:25]render. Uh, this one bounced off of support on Monday. It's about to tag the fast line, which will close this previous TBO close long. Cool. Um, that would be a place where you'd want to be securing some profit if you haven't already, or consider opening up a short position. Caspa on the 4hour time frame is working on a second recent TBO closed long. ENA, two TBO closed longs.

[00:33:51]Injective, three TBO closed longs.

[00:33:53]Optimism 3, TBO closed longs. Again, not the end of the world, but those are some bearish reversal signals to keep in mind that could lead to a deeper cut, a deeper fall. Uh meme core closed up 18% after RSI shot back up on Tuesday to 82.01.

[00:34:12]This one is on its last legs in my opinion. I don't think it's going to go up much higher. Um note on we have these three TBO closed longs and the price pumps up. It's most likely going to do one more wick above there and it'll be done. Now if we see market makers push this any higher again. It's just like there's no benefit to this in my opinion. Um it's too volatile. It's not fun uh for leverage trading whatsoever because you're going to get wrecked either way. But I'm staying away from it. And uh if you want to scalp it, go for it. But it's it's suspicious to say the least. Now on to your picks. Uh Pirate Chain, our best ticker in the world, man. They were their marketing team hit it out of the park.

[00:34:57]It has a TV bullish divergence in process right now. Still has another 21 hours and 36 minutes left to confirm it.

[00:35:05]What does it mean? Well, it's a it's an early bullish reversal signal just like these TBT bearish divergences or this one like a cluster. It didn't really have a bearish outcome only 14%. But like this one, okay, it nailed a reversal. Great. But this one is really early. It pushed up a lot higher. This one is early. It pushed up a lot higher.

[00:35:26]But these are always telling us careful.

[00:35:28]The move is starting to unwind.

[00:35:30]Especially when we see closed longs printing, that's a bigger signal. So, while this is bullish admittedly, so a TBO closed short would be even better here for Pirate Chain.

[00:35:42]FO had some weird volatility yesterday.

[00:35:45]Uh, literal Darth Maul candle with a nice wick to the top side 14% and a lower wick down 8%. That's hilarious.

[00:35:54]And an open an open long as well for the TBO.

[00:35:58]Now, it's a little bit fishy, a little bit suspicious, but to its credit, onbalance volume looks really good. This is the kind of stuff you want to see that has nice bullish continuation. Um, I'm just a little bit suspicious about the pump and dump nature of the chart, but is what it is. Now, someone was asking for Centio saying it's a new listing. You guys have to be extremely careful when it comes to new listings. Don't just look at an exchange saying we have a new listing.

[00:36:25]Centio is not new. Centio actually listed way back over here in November uh at 0.00192 or 0.002. Now what happened between then and now is very interesting. I don't actually know and I don't care to know because it's whatever. January 23rd it was apparently delisted or something and then we have a weird Back to the Future moment where all of a sudden April 15th it shoots up 1,556%.

[00:36:55]I would actually 9,000%. I would love to have something like this happen to many of my coins. All of a sudden, they just shoot up 9,000%. Yes, please. Thank you very much.

[00:37:06]But other exchanges are listing this coin. I don't know why. I don't know what's happening with it. Just all I'm saying is do your research. Do your homework. If you're buying here thinking that you're buying the absolute bottom, I'm so sorry, but it can go a lot lower.

[00:37:18]Not saying it will, but just be careful.

[00:37:20]Do your do your research. Um, Venice token is still looking really good. It's still strong bullish. The one thing to be aware of is that onbalance volume is starting to lose energy. If we get lots of volume, big green candles, then we will see on balance volume tick up higher. It's still technically bullish.

[00:37:38]It just looks like the next pullback we have or we will have will force on volume to cross below the moving average, which will be bearish in the short term or a bite at the dip opportunity if you're still really bullish on it. I think the the fundamentals of VVV is very clever.

[00:37:54]Using the token to fuel all of your or rather pay for your token usage for their AI, it's a great idea. It's a good it's a good strategy.

[00:38:04]Salana, uh, this one is pushing up 1.28% currently. It's still wrestling with TBO fast line. on the weekly time frame. It's looking okayish in the in this for like RSI. That's about it. But it's still technically strong bearish for volume for onbalance volume for the TBO. It's strong bearish on uh yeah short-term price action. We might see a move. Cool. The the first place to always look for and again we have that gap to get filled. If things get really out of hand, look at the top of the cloud at 106. But I don't necessarily think that this is the bottom for Salana. Link has a confirmed TBO close. Sorry, TBO closed. TBL open long from Saturday. I don't know why my voice just went like that. It's okay.

[00:38:52]I'll go to the doctor later. Um, so it's a good bullish confirmation signal, decent price action, but it's just it's just chop chop chop chop chop. This is normal for the market and nothing really is going to happen. Uh, and again, if we're going to have that pullback in May and June, while Chainlink has stayed in a very tight range like this, there's a good chance that it will fall a lot lower. So, just be on the defense.

[00:39:19]Ono, same story. Um, it did drop near its historical lows from January 2024 at 20 cents. If Bitcoin is slated to go down as far as I think it will, then that means that we should expect again according to the multiple factor effect that will go a lot lower like way well below its listing low. So just keep that in mind. Now on for some stocks, Micro Strategy last week shot all the way up to go inside of the weekly cloud, piercing the cloud, which is great up 30 30% is amazing. Uh confirmed an open long on Monday. It had a little bit of a pullback on Tuesday. Not really a big deal. Yes, it has a gap, but it's technically in bullish consolidation mode. Great. Cool. That's that's amazing. Um, I would just be cautious.

[00:40:08]If anything, it moves up too high too fast. That's all. Uh, CEG, Constellation Energy Group, uh, or sorry, Corporation.

[00:40:16]But why is it a G? Whatever. Uh, it looks like it's about to fill this gap.

[00:40:22]Isn't that funny? We talked about this gap uh a while ago apparently because I have it here on the chart. It's still open at 27563. I tell you guys all the time. Gaps want to be filled. It's it's an not an easy strategy, but because the nature of the stock market is that they close. These charts aren't running 24/7 like crypto is, you're inevitably going to have some gaps. And those gaps just basically create targets for the market.

[00:40:49]And it's it's also a psychological thing. you see that gap, you know that gaps need to get filled, and they typically do.

[00:40:55]So, when you see moves go against it, you're betting that it's going to go back and fill the gap in either direction.

[00:41:03]Circle um also had a pretty nasty pullback, actually 9% move, um after moving up to the top of the cloud. The biggest thing that I can get excited about in terms of this chart is actually the TBO. And the TBO is compressed to a ridiculous amount here. It's getting very, very interesting. When you see the cloud get this tight, it means that we're going to see an explosive move to come. Okay? So, just keep that in the back of your mind. I don't know which way it's going to go. It's like a Ballinger band squeeze, but just keep it in mind. It's a really interesting setup.

[00:41:42]Uh, BitMine Immersion Technologies is in bullish consolidation mode. Great. Um, it really needs to push up a lot higher.

[00:41:50]It basically put in a pivot high moment like everything else did on Friday. Um, in terms of RSI, it went overbought.

[00:41:58]Okay. On balance volume, it's bullish.

[00:42:00]On the weekly, we have a confirmed TB2 bullish divergence. Exciting. Amaze.

[00:42:05]Amaze. Amaze. Um, but it hasn't necessarily been reliable in the past, which you've got to take into account. And then finally, Bloom Energy. Uh, this one confirmed a TBO breakout after an explosive move up 40%.

[00:42:26]And that's also a shooting star. Um, now we don't talk about Japanese candlestick formations very much with crypto except for with Bitcoin and even then I don't really talk about it too much. I spent my time studying them, looking at all that stuff. I don't really care about them anymore because I'm mainly in crypto. I'm not really looking for those chart or rather those candlestick patterns in cryptos much because they're not as reliable except for Bitcoin which has the most volume. But in the land of stocks, we can. So for all of you that are not hip to Japanese candlesticks, um a shooting star is typically when we have this shape super long upper wick.

[00:43:06]It prints towards the top of a move. has a very small or almost non-existent long body or wide body, however you call it, the candle, and basically little to no lower wick. This technically is also a shooting star as well. Um, but this one is just even worse, even though we have a TBO breakout. But the thing again, if you see a TBO breakout print after a massive move, 42%, it's most likely an exhaustion breakout, not a continuation breakout. Now on the weekly chart's crazy. It's super strong bullish, incredible move. Okay, but we unfortunately have several gaps that again, they just want to get filled. So, it's not terrible. Um, if you're in a long on this, you might want to consider taking some profit and then having some buy orders down below just in case it fills that gap, which the first one's at 17754. The next one is at 139.42. So, just keep those two guys in mind. All right? I'm not trying to be bearish on purpose. I know a lot of you are super bullish. I find it all so fascinating as well how everyone is turning on people that are bearish just because of what they're calling.

[00:44:23]Like the amount of hate that Ben Cowan is getting recently is fascinating because he's the same person everyone is like idolizing for such a long time because of all of his bullish stuff, but he's never really been super bullish or super bearish. He's just calling it like it is. And I love how all of you in the well not all of you, but so many of you in the comment section are also again you guys you should really once you watch the videos just scan through the comments. You really should to get a pulse on people's emotions, on their thought processes, on how they're interpreting price action and market movements and stuff. It's fascinating.

[00:44:58]It really is. There's a huge element of specifically crypto trading where you need to look at the social sentiment. So whether it's X or it's YouTube comments, pay attention to what people are saying cuz it is so revealing. and the amount of hate that Ben's getting. And there are a lot of really frustrated, disgruntled people in the comment section for these videos as well. It's really interesting. Just just pay attention to it. I'm not saying that you have to like do a deep dive like psych psychological analysis of all this stuff. Like that's not what I'm saying, but just pay attention. Keep tabs on sentiment. It is super revealing. And I mentioned uh that crypto calendar before. I'll make sure to leave it in the comment section. But the video that I'm talking about, rather I was talking about before, is this one that's going to pop up right here that explains why I thought that April we would see a rally, which we're seeing right now, and why I think May and June will most likely be bearish. Watch this. Until the next time, you know what to do. Stay awesome and stay in the green. Peace.