In technical analysis, when a cryptocurrency pierces through support levels and shows lower lows on indicators like RSI, it signals continued bearish momentum despite short-term price bounces. The TBO (Trending Breakout) indicator helps identify trend strength and reversal signals, with closed shorts indicating potential bullish reversals while open shorts confirm bearish trends. Market dominance charts (BTC.D, Others.D) can provide insights into market sentiment shifts, and gap-filling behavior in price action is a common pattern that traders should monitor for potential reversal points.
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Hey guys, welcome back to the daily crypto market update. BTC had a surprise drop over here on Saturday going to a low of $74,289.
It did close up on Saturday about 1.7% continue to move up higher on Sunday which is really interesting mainly because that means we have zero new CME gaps. If you zoom in here to the price a BTC actually we opened up right inside of Friday's candle. So in that respect, actually closing back up gives us a pretty safe reading in terms of the CI gaps. Now because we saw BTC put in this dramatically lower low, it does change things for sure. If we look at our support fan, for starters, our next line here has been pierced. It's interesting to say the least that Saturday is open right here on this line. It actually bounced up above. What is momentum looking like though? To me, it looks like momentum is still very much going down even though we bounced up over the weekend. And what do we know about support and resistance lines? Well, when we get a pretty deep cut like this or a pierce, it's a really good chance that we're going to go back below this level.
That price point right now today is here at $75,960, give or take a couple sets. The other thing that's really interesting about the support fan is our short-term supports was also pierced yet again. And we know from back over here on Wednesday the 13th, what just like 12 days ago, we saw the price of BTC pierced the previous pivot low and it bounced up and it lost it. Also respecting it as resistance. What do we have? A pretty nasty pivot here over the weekend showing us that we could go lower. And we also don't have a clear RSI bullish RSI reset. Even though we are seeing a potentially higher local high or sorry a a lower high on RSI, um the reality is that this pierce right here not only pierced our short-term support, it also pierced our support fan. So I still think that BTC is going to be going lower. This is actually what I would be calling a prediction wick. If we were bullish and we saw something like this after a massive downtrend, we saw a nice wick up to the top side. This is showing me that the chart will most likely go up to this level because the order book has been cleaned out, which means that we should be moving up. If we flip the charts or invert them, we actually get a lot of really great insight. So, it's just a nice little trick. On Windows, it's alt I. On Mac, I believe it's option I. So, because we saw this lower wick right here on the weekend, I still think that we're going to be going lower. Now, in regards to the TBO, we saw the price of Bitcoin close back inside of the cloud on Saturday. So, we're no longer in strong bearish mode.
We are technically in bullish consolidation. I know it keeps changing, but this is how it goes. We were strong bullish. We went to bearish consolidation, strong bearish, back to bullish consolidation or just consolidation mode. But I still think we're going to be closing below the cloud. The other thing to consider as well is that our macro trend indicated by the slow line is still pointing down.
If we look here at this slowest of the four moving averages, it is definitely pointing lower. So even though we had a nice little bounce back on Saturday to Sunday, we have no new CME gaps, which is great. I'm a fan of that. I still think because of this lower wick and because of all these pierces of our short-term supports and our support fan, we're going to be going lower. Now, in terms of other indicators, as I hinted at before, we do see a higher move up here for a a lower high for RSI, but it's still net negative. It's still bearish. If we look at onbalance volume, what's happening here? Well, we saw it close up green on Saturday and Sunday.
We are not yet at the top of the roller coaster for the 21 period SMA here for onbalance volume, which is what this white line is. This white line is an OBV based MA 21 SMA. What I'm waiting for is for this thing to flatten out completely, if not start to go down.
That will tell us that most likely we're going to be heading a lot lower because momentum is now in favor of selling.
Uh we saw a little bit of a spike on Saturday in terms of volume where it did exceed the moving average. But note that the moving average or volume in general for Bitcoin has been on a significant downtrend ever since the beginning of March. So for the last 2 months, it's not looking very hot. Okay. Um in terms of the 4hour time frame, we do have two bullish reversal signs here. Two TBO closed shorts. Given that these are close together and fairly close to support, we could actually see a little bit of a bounce higher up. If it weren't for the pesky lower low that we saw on Saturday, I would say like, yeah, we could actually see this push up higher.
Uh, but this is a bullish sign, which is why this is orange. Ethereum also has one of these as well. It also had these two TBT bullish diversions clusters on the 4hour time frame. Remember that clusters, as juicy and appealing as they are, they're not as good as a closed short. and the closed shorts right here.
These invalidate our previous TBO breakdowns. So, there is a chance that we could see a bounce back up for Ethereum. It actually put in a lower low. Now, some of you might be wondering, wait, how's that possible?
Because we saw support at 1850 or so shoot up to 2100 and now we see our support moving down to 2,000. How is that possible? Well, this is how it works. when the price is confirmed to be strong bearish when it's on an open short. And yes, we did see a a much deeper cut down to 2009. Great year uh actually is a very important year for Bitcoin. That's hilarious uh for Ethereum even though it snapped back up.
It did not have a bullish engulfing candle on Saturday, which would be this green candle was closing above Friday's open, which was at 2133. So again, I'm still expecting the price of Ethereum to be going lower. In fact, we just got a preview of where we're going next, which is down here to that pivot low. If we do the same thing with our bare flag, this is also really important. We did close below. We snap back inside.
It's dancing around this bare flag bottom. I still think we're going to be dropping below. And then we're going to see something like this. We come up to test previously lost support, which will be resistance. and we go lower, like a lot lower, like down to $1,000.
I'm not kidding.
So in terms of our support fan, another thing to consider as well is our support fan was breached twice actually three times a lady because if we take our low here from Friday the 6th of February to the next higher low on the 24th of February we get a very strong level of support that was closed below on Friday which is a much bigger deal compared to piercing or testing. closing below is significantly weakening a level. And we have an open below this support level on Saturday going way way deeper below this support level. And we get another wick on Sunday. There's a really strong chance that we're going to break below this support fan level. And again going much much deeper for Ethereum. We do have as well uh an interesting thing happening here with RSI.
RSI put in a low on Tuesday last week at 20.24 24 on Friday down to 20 20.24 and 20.000 on Friday. The fact that we're seeing a lower low, it's not a double bottom, it's a lower low. Yes, we have a bullish RSI reset on Saturday, but because we've seen a lower low on RSI, there is a much greater chance that Ethereum goes a whole lot lower. Also, on balance volume already did the top of the roller coaster thing back over here earlier last week. actually from Sunday into Monday. So yes, onbalance volume is kind of moving up to the moving average. But now we're looking at this looking quite bearish.
So is what it is. Totally. Yes, which represents the total crypto market cap excluding stable coins. I love saying that just because it's a flex to say it as fast as you possibly can. Total crypto market. No, never mind. U we saw it close below the cloud on Friday marking a pivot to being strong bearish.
We saw on Saturday a bump up higher 1.67. 67% but not closing inside the cloud even though Bitcoin did. Bitcoin is one of the primary drivers for the total ES chart but it is not the total ES chart. Bitcoin's market cap is massive taking up 60.69% of the total ES chart. Actually a little bit more.
So even though Bitcoin closed back inside of the cloud, Totally S is now confirmed strong bearish or has remained strong bearish below the cloud, which isn't a surprise to me. And again, like Bitcoin, we have a deep cut here on Saturday even though it closed up green because it's remaining below the cloud.
I am still net bearish on the crypto space. Also, we pierced our support level. Not really a test on Sunday, but Saturday was a clear pierce of that level. And we have these support steps, which two of these levels got knocked out. And I still think we're going to be going a lot lower. So, both of these levels got pierced, but waiting for a much deeper drop or a dip on this chart.
Now, in terms of other indicators, yes, RSI put in a deeper cut on Friday at 29.53 and we saw on Saturday and most likely and not most likely on Sunday at 42.95, which is just slightly higher than Thursday last week. But it doesn't matter. I'm still expecting a lower low.
I'm still expecting Totally S to go below 25, which will be an RSI reset potentially. Uh but lower lower is still the name of the game. Onbalance volume is still net bullish. Even though the blue line right here is starting to cross above the white line, it's most um not most. It depends most on the direction of the white line. And if the white line is still pointing up, even if the blue line is below, we're still looking bullish. However, it's it's like a weak bullish, if not weak bearish, I guess you could say. But I'm still expecting the top of the roller coaster thing on the next pullback, which should be with a lot of volume if that actually happens. And yes, this is orange because we have a TBO close short printed here on Sunday uh afternoon. Now, combined stable coin dominance printed the inverse, which is a TBO close long, which invalidates the TBO breakout that we got confirmed on Saturday, early Saturday morning. Now, the other thing to watch here is our combined stable coin dominance, which has not closed back inside the cloud. We broke out above on Friday, stayed above Saturday, Sunday, and we're back above it again today, Monday, because we're still strong bullish in terms of the TBO. I'm still expecting this to go up a lot higher. In terms of RSI, we had one little push above 70 on Friday at 70.19.
Yes, it's going a little bit lower. Yes, technically we're breaking below our spaghetti support. So maybe we might see a little bit of a pullback here for this chart, but ultimately I still think it's going to be going up higher.
Bitcoin dominance also reclaimed back to the top of the cloud just barely on Sunday.
Again, we're looking at a very macro bullish chart according to the TBO, even though it was in bearish consolidation mode. I want to repeat that because we've seen these little teases over and over, there is an increasingly large chance that we're going to see Bitcoin dominance go a lot deeper into this cloud, maybe down here even to 60%. My guess is that once we see stablecoin dominance shoot up a lot higher, we're going to see a big drop in BTC.D, which will give a false sense of safety to others. D, which actually did pretty well over the weekend. But notice it's still not pushing higher and out of this range. I still think it's going to be going lower.
Others, the actual market cap printed a TBO closed long on Saturday early morning and it closed it right away on Sunday early morning about 12 hours later, but it's looking weak. It's not looking super duper bullish, super hyper bullish strong here at all. We also know that it broke our support level and after the little rebound that we had on Thursday putting in a high at 61.17, it looks to me like we're going to see it drop below the support level and inevitably go deeper. Now, because we had this really weird abnormal burst of volume here, it's adversely affected our onbalance volume indicator because this massive drop according to a red close.
So, I'm not really sure what to make of that. So, I'm not really giving it a lot of weight because of this weird adjustment. But the total 100D chart, which is the dominance uh percentage for everything below the top 100, confirmed a TBO closed long, the first one in this chart's history. I am expecting things to go lower, but because we have a closed long, we are expecting the price or rather the percentage to come up and tag the fast line, which is currently at 31%. That's right, ladies and gentlemen.
The the dominance of everything in the entire crypto market cap, excluding the top 100, only accounts for 31% of this number.
It is a massively like not massive, it's actually a super tiny amount of money. Just keep that in mind when you're trading the alts. Okay, now let's talk about Tradfi. The Dixie did not close its gap. Uh, and actually it's gapping down already at the start of the day today. Uh, which is interesting because these gaps, well, nature hates a vacuum, as I like to say.
So, we have a gap here on the low from Friday's low, which is at 99.172.
So, there's a really good chance that the Dixie snaps back up to close that.
It's only a minor move up higher. Um, we did see a bearish RSI reset here on Friday, but it was really weak two weeks ago. And it is going lower, but I don't really think it's going to go that much lower, personally. Uh, the euro also gapped up, which isn't good. So, we want to see that gap fill to the downside.
The yen kind of sort of had a gap. Not really, though. It's already closed it.
It's more like this is just weird price action. So technically there is a gap from the open or sorry the close on Friday here oh sorry Saturday morning down to this level there. So we could see a snap back up for the yen but on the daily we don't see that cap. So I don't know how nitpicky you're going to be about that.
Um S&P futures is back to going up higher. We don't have a gap per se. It's already looking overbought again on RSI.
In terms of onbalance volume, it's still bullish. Volume fell off a little bit on Friday, but it's still very, very strong bullish, especially with the weekly chart. So, it will most likely continue pushing up higher, even though I don't think it should. The Nikkay is up now 2.79% at the start of the day, literally at the start of the day. Well, an hour after the market opened. So, things are going crazy yet again, breaking out, going higher.
Um, the Shanghai Composite has not closed its previous close long printed on Thursday, but I expect that to happen today. Now, oil has had a pretty big drop. It actually dropped below our support level here as the market opened up today on Monday. So, if we go to the faster time frames, most likely this is because of news and anything that's related to news is definitely trustworthy 100% right. So again, if you are in that short position on oil, congrats. You're doing an amazing job.
I'm not in that position anymore. So I still think and expect this gap down here to get filled at $68, which is still a long ways down. Maybe like 25% 28% lower. So yep, inevitably we're going to see oil cool off. We're just looking at it very oversold right now.
Cool. Um gold is also bouncing back up just a little bit. I mean, can't really say it's bouncing back up. It's still strong bearish below the cloud. Um RSI was oversold on the 29th of April, and we're looking at a higher low here from Tuesday last week. So perhaps we're going to see another push up maybe to like 57 on RSI, which means we go back up above the cloud. But keep in mind, it's strong bearish with the daily TBO.
It's strong bearish with onbalance volume.
Yeah, silver is bouncing back to the top of the cloud or more likely, not more likely, it's moving up to the fast line.
In terms of RSI, we already know it had an a bearish RSI reset. So, we could see a push up one more time here to like 72, something like that. Um, we'll see, but I'm still really hesitant on the chart.
Uranium still waiting for a bounce even though it's fallen to a really good area. I have to say that the longer this takes, the more beule it turns out to be or the more or the the less likely that um move that bounce from this area is going to be. Now, it's still very overextended from the fast line. I still think it should at least push up 8%. Or so to the TV fast line, which is at 6616.
I have more picks, uh my picks and your picks that I want to talk about, but first, I want you to go to the pin comment down below. Go to the bettertraders.com. Check out all the links, whether it's checking out our courses through the better traders or through mastering assets. Check out the TBO indicator. I use this for all of my analysis because it's the best trendbased indicator I've ever used since 2019. It identifies the strength of the trend, reversals in the trend, support and resistance, breakouts, breakdowns, all that good stuff, and you can get it on sale for $37 a month.
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So, starting off with near, our most recent runner, that printed a perfect three in a row TBO breakout on a massive 30% pump, and it pushed up even higher on Saturday in one day, closing up 16%.
Now near is out of control. RSI pushing up to 93.37.
That's it in terms of RSI. It could still push up higher, but I'm going to call it that. That's we're not going to see a higher RSI reading than that. It is a very strong bullish chart.
Incredible breakout. Also on the weekly time frame, it printed a TBO close short, which is extremely exciting. and it's also overbought on RSI at 81.95.
So, this means two things. For starters, seeing RSI overbought like this means, especially on the weekly, that we're more likely to continue seeing the price moving up higher, even though I don't think it really should. This is telling us to expect more uh bullish upside continuation. Believe it or not, the second thing in terms of the TBO closed short, the orange diamond, is that this is a bullish reversal sign. Now, admittedly, the previous one that we saw back in November 2025 ended up being a top signal and it dropped another 68%.
But we all know it happened a month prior in October as that 1010 dump. We had a snapback here for near and it dropped a lot lower. But this is the second TBO close short in the history of the weekly chart here for near. So, it is a very exciting signal. However, we don't chase when we get TBO close shorts. We wait for the price to pull back to the fast line which on the weekly time frame is a lot lower. The weekly time frames fast line is 31% lower at 162.
Hyperlid Hyperliquid pushed up higher, bouncing back up on Saturday and pushing up higher on Sunday. Another 6%. It's still strong bullish which is why this is green but RSI on a higher high put in a lower high. Um, volume is still picking up. It's still very strong bullish. I did have a short and I got stopped out in profit. Thank you very much. Because I protected my position in profit cuz that's what I tell you guys to do.
That's what I do and that's why I do it because you don't know if you're going to catch the actual pico top. Now, because we're looking at a higher high on the chart with a lower high for RSI, there's a very good chance that we're getting close to a bearish reversal.
It's also quite overextended from the fast line. Uh while it could push up here to $79, I don't really expect it to uh before having a pullback. We'll see.
But every single time that it's been really overbought and overextended on a big run, it does inevitably come back to the fast line. Whether it's here in March, earlier this year, or here in April, it it's going to have a pull back to the fast line. VVV Venice token is also pushing up higher and harder. It has not yet retraced back to the fast line. But I have to admit that when you see a chart that is this strong bullish with the fast line moving up, the medium fast moving up, medium slow moving up, and the slow line. All four lines are in agreement that it's going up higher.
Don't bet against a chart like this.
It's just super strong bullish. Um RSI is putting in most likely a much lower high but onbalance volume is very aggressively bullish. The weekly is also very very very bullish. Great example actually look. So I said with near being overbought um VVV went overbought on the weekly time frame actually way back over here and had a correction January and then it finally stayed above back at the end of March right here. So, when the price was at $7, it's now moved up an additional 159% since then. So, it it's a big deal. When you see RSI get overbought on the weekly, it means that we're most likely not going to have a reversal, but rather we're going to continue to go up.
Now, let's talk about a couple of other charts that aren't so bullish in my opinion.
Salami or Salana for all of you um believers out there printed a TBO open short on the daily. Now this is printing in a pretty good spot. We could still see Chaperoni right here. Chaperoni actually isn't. It'd be Chapana I guess.
No, Chopsui. Chopsui. We could see Chopsui and we could see the price of Salana go up and it would print one of these open longs. But I still am bearish on the chart even though onbalance volume is bullish.
The price is strong bearish below the cloud. The slow line continues to point down as well. I I still think Salana is going to go lower. Cardano also after printing a TBO open short on Thursday dropped um on Friday and again on Sunday and it also printed a perfect three in a row TBO breakdown on the 4hour time frame. Litecoin also printed TBO breakdowns which is why these are all pink. These are bearish reversal signs.
PP or Pepe printed a TBO open short on Saturday. This is awesome because I've been working on a little something something with our better trader spot in the Discord server and Pepe actually had a great sign for or rather a great signal for a short that I shared with everybody back on Friday which now is in profit at 6% which is awesome. Actually fell down a total of 9%. I still think it's going to go lower, but it's still macro bearish quantum. Um, even though the price has pushed up and bounced up from Friday, wicking up here to $82.99, $84, it's interesting that the price still doesn't want to close above TBO resistance at 8175. It's technically strong bullish, but I think this zone is actually going to be having another pullback to the fast line, if not going lower. Plus, our RSI is not even moving above overbought levels at 70. Adam, this one printed a TBT bearish divergence cluster on uh Sunday, which is a bearish reversal warning alert.
That's your alert. Aptos confirmed an open short on Sunday. Arbitum confirmed an open short on Saturday. But this one, I already gave you bearish uh warnings back over here on Sunday the 17th, which was what, 8 days ago. And since then, it's been down 10%. But this is when it printed a TBO breakdown I shared with you guys on Monday. Then two other breakdowns giving us an entry. So I still think that we're going to see arbitrum go lower. TBO supports at 00882.
Vchain printed a TBO breakdown on the daily time frame right here at support.
This one is in danger danger mode. Bonk also printed a TBO open short on Sunday confirming a bearish downtrend. Monad actually went lower. Remember when this chart wicked up here to test previously lost support confirming as resistance even though it wicked above? We had dumperoni here on Friday and Saturday.
It went down even lower waking below the cloud telling us that the price is most likely going to go below the cloud. It needs to confirm a close below the 382 level first, which I think will happen.
Now, RSI, we know that it put in a low on Tuesday last week at 20.96 and on this deeper cut, it's at 30.87. So, we do have a bullish RSI reset to consider.
However, on balance volume is at the top of the roller coaster. I still think that we could see this chart go lower. 2Z after hitting and piercing our overhead support level on Thursday and Friday, it's now fallen down 8 9%. I still think it will come down here to tag or touch or test the fast line which is at around 0.09895.
Now, for some of these blue flags, which are TBO close longs, these are bearish reversal warning alerts. Now, the 4hour time frame, as I said before, is much faster and not as strong as the daily, but it's an early award uh early alert or early warning time frame or system, I guess you could say. So, seeing two of these TBO closed longs on Saturday, uh one after the other, even though the price went up higher, that's a pretty bearish uh reversal warning alert. And this is Zcash that has pushed back above uh this overhead resistance line, this white line, but not pushing above actual price based resistance. I still think Zcash is going to go lower. Doesn't matter what Arthur Hayes or Ansom says about it in my opinion. I still think it's overbought and RSI is clearly showing signs of weakness here. Toncoin confirmed a TBO close long. So on the daily time frame when we see this or 4 hour or whatever, we're expecting the price to go up and tag or touch the fast line which is currently at 1.921.
However, sometimes like the chart for Chili's, that ain't going to happen for a long time after Chili's printed its TBO closed long on an 8% candle on Friday. Saturday continued to go lower and Sunday continued to go lower and it's working on an open short. Yeah, that open short is super late, but most likely Chili's is going to be heading down here inevitably down to TBO support at 03197.
It still is an open short. I breezed through towel, but that's because I wanted to prove that or not prove but explain that point about the price doesn't always come back up to tag the fast line and if it doesn't, we just move on. We don't care. We don't chase.
Uh Tao printed a TBO clos long on Friday, closed it on Saturday, printed a second one on Sunday. It's a really bearish sign, just so you know. While we could see a quick spike up uh 13% to the fast, sorry, to previously lost support, which would be resistance, this is a pretty bearish looking chart right here. And it hasn't had a bullish RSI reset yet. And on balance volume's looking like it's going to be reaching the top of the roller coaster pretty soon. So, a couple of charts to keep in mind uh for some abnormal activity. Aster is finally starting to do a little bit of a Mexican jumping bean over here. It's starting to pump back up on Thursday and also again on Sunday. Really weird on balance volume is actually very bullish and the price is technically above the cloud which is bullish but it's a very weird chart. Very strange. Speaking of strange, Morpho after pushing up uh and battling with overhead resistance on Saturday pushed up 8% and then Sunday pushing up all the way to TBR resistance at what is this price? I can't even see it. 2.24 basically 225.
Now RSI put in a lower high on Sunday at 7426 after the price absolutely bounced back.
I still think Morpho is going to be falling lower, but it's technically strong bullish, so we need to stick with the trend. Now, on to your picks.
Starting first with some crypto. Uh, GTO is still strong bullish above the cloud.
However, I'm balanced. Volume is bullish, too. Technically, volume though is lackluster at best. RSI wasn't even able on that last pump that we saw last week to go even above overbought levels, which means that it's not really strong, per se. On the 4hour time frame, we also have some signs of weakness with TBO closed longs. Bio, this one after printing a TBO closed long on Tuesday last week, hasn't tacked the fast line. I'm actually sniffing out a pump here that'll happen on a low liquidity move. Volume's been falling off. What will happen next is most likely going to be some sort of scam pump up. We'll see. um ATS strong bullish um in terms of the TBO, but uh in terms of RSI, it's been putting in lower highs and lower lows ever since it topped out on Saturday the 16th at 96.72.
Strong bullish on the TBL, strong bullish on balance volume. Um the weekly chart also pumped, just keep in mind uh from the week of the 11th of May till last week, the week of the 18th of May, 195%.
So, there's a good chance that we might see a pullback on this chart that pumped up too high too fast. We'll see. Um, Epic, uh, had a pretty epic drop on Friday, down 19%, confirmed an open short on Saturday, confirmed a TBO breakdown on Sunday. Ouch. Um, unfortunately, it's very, very bearish. So, last time this printed was back over here at the end of January where Epic after this fell an additional well 50% over 60 days and it's starting that again. Zebeck Network still has an open TBO close long from Sunday, March 7, sorry, May 17th, waiting for the price to tag the fast line before going lower. It hasn't had a bullish RSI reset. So, even though it will most likely tag that fast line, I still think this one will go lower. Now for some stocks. Uh Bloom Energy had a pretty good close on Friday.
Um even though it closed down, it doesn't really matter.
It's still strong bullish. It still has a gap open as well that was established from over here on the 28th of April. But keep in mind that RSI is putting in lower highs and lower lows. So after seeing a pullback, it looks like we could see a deeper drop here. It just depends on how the week starts. We have some lower gap targets on the chart which you should be aware of. But it is still strong bullish with RSI on the weekly DRAM. Um great recovery, great push up on Thursday, 5% Friday. Yeah, I mean it had a pullback. Um it's a new listing, so new listings are quite difficult. I would personally be waiting for the fast line to be the first touch for an entry on this. Um, but given that it's a memory based ETF, it should do well in the long term. Amazon printed a second TBT bearish divergence on Friday's close, even though it was a very weak close of8%.
Um, it's a pretty bearish reversal warning alert, especially seeing two of these printing in a close proximity. The slow line is admittedly going up and higher, but obviously not everything is looking bullish. Uh, volume is not exceeding the moving average anymore.
unbalanced volume is moving up higher, but RSI uh oh, it definitely put in a higher low on this pullback here on Tuesday last week.
But it is it is a bearish sign. It's a bearish warning at least on the weekly time frame. Um RSI closed back above 70 last week 70.7. So we should we should see bullish continuation. Um, it just looks like it might oscillate back down based off of these guys.
Tesla, um, did not go up high enough to close its gap. I still think it will close the gap at 44116 before figuring out what it's going to do next on the weekly. It's not overbought. It's actually bearish in terms of onbalance volume, which has looked pretty bad for quite a while. We have two recent TBO closed longs on the weekly, which I keep looking at and going, "Uh, uh-oh. I mean, the last time we saw this happen, it did pump up and push up higher, but it's still a sign of worry. And then say Solaris Energy Infrastructure printed a TBT bearish divergence here on Monday, a week ago, returning to the cloud. This is a buy the dip opportunity because the slow lines pointing up on balance volume is up. Even though RSI is putting in lower highs and lower lows, it just is what it is. So, a target will be short-term TBO resistance at 78.86.
Cool. So, I had an interview with Benois or Ben from Alt Trady this past week and I shared it or posted it on Sunday. It's different than the normal videos that I do, but I wanted to do something a little bit different for you guys as well as to share that interview that was also posted on the Alt Trading channel as well. So, if you missed that and you want to watch and u learn a little bit more about my history as a trader, about alt trading, and Ben, who's been a trader in crypto for quite a while, you're going to want to watch that video next. And until the next time, you know what to do. Stay awesome and stay in the green. Peace.
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