Crypto Pump & Dumps Are NOT A Good Sign!

追加: 2026-05-05

[00:00:00]Hey guys, welcome back to the daily crypto market update. Bitcoin closed up green again on Thursday, which is great.

[00:00:06]Under h half a percent basically. What's more interesting to me though is this lower wick. Um BTC put in a low at $73,39.

[00:00:16]It still closed up green. And actually, this works in our favor massively because RSI went overbought on Thursday at 70.76, lower than the high on Saturday, April 11th at 73.37, lower than the high on the 16th of March at 76.83.

[00:00:39]We have two things happening. For starters, we have decreasing highs on RSI and our spaghetti resistance level is most likely going to h actually it's going to be more like iron iron fortress resistance. That's I like that one. I'm going to keep that forever. Um support here, spaghetti support as I like to call it, is in danger. This is actually the one that's in the most danger to be honest. Now, I have to admit that it's it's a stretch to say everyone is looking at this. They're not. No one really does support and resistance levels on RSI, at least that I've seen people doing. But it is worth noting that the moment where we see daily RSI break below this level, which could happen over the weekend pretty easily, it could still push up higher. But something something really weird is happening right now with crypto. Um, so yes, we have this spaghetti support level that will be broken, but even so, again, no real volume to speak of. Price is just kind of sort of being held up, propped up is actually a better way to say it. It's not strong bullish. There are no bearish reversal signs on the 4 hour. We saw a TBT bearish divergence over here on Sunday the 12th and a TBO close long on the 4 hour on Sunday as well. But price is just kind of hanging out here looking really really weird to be honest. Ethereum is also showing weird signs as well. Now this is a better sign in terms of a pullback because Ethereum also had an interesting low yesterday at 22.85.

[00:02:21]Notice how many days in a row has Ethereum struggled to push above TBO resistance at 2376. 1 2 3 4 and we're on day five.

[00:02:31]Now it just because it's struggling to push above resistance right now does not mean oh yeah this is going to crash and tumble to go lower. It's not that it's because it's how do I let me rephrase this. Just because Ethereum is not closed above this level does not mean that we're going to be dumping all the way down to like a dollar. It doesn't mean that. But it is a very convincing argument that we should be having a pull back to the fast line which is currently at 2226. Easy. The other thing to keep in mind is our support fan. I don't think I even have one. No.

[00:03:09]Uh over here. So, we're just going to draw it out real quick. Okay. We've already seen it lose the support fan.

[00:03:15]So, we need to draw it out to this guy and then to this guy. Cool. And then we just get incrementally higher levels of support.

[00:03:23]which has already been basically bounced off of right over here on Monday. Let me go ahead and hide just the stuff. There we go. So, let me tell you what's going to happen. What's going to happen is that over the weekend, we're going to see some sort of news come out that's going to be unfavorable and then we're going to see Ethereum crash below this level of support. Then it's going to start a progression of going down to lower levels of support and lower levels of support. That seems like the most likely outcome. The reason why I think that's going to happen, let me go ahead and just save this quickly so I don't forget.

[00:03:56]Good. Sup on. Sup. And there we go.

[00:04:02]The reason why I think it's going to happen is again just like I said for BTC and RSI showing signs of weakness. Now, yeah, I guess I should be moving this down lower, but I'm lazy. I want to leave it here. We already saw RSI get maxed out back in January. the lower high, lower high, lower high. Yes, it went oversold, but it's been a while.

[00:04:21]It's been a beat since we've seen RSI get oversold. I I still think that's most likely going to happen next. We don't have any bearish reversal signs that are early on the 4hour time frame either for Ethereum, but again, it just feels like price is being propped up.

[00:04:37]ETH BTC is above this overhead resistance level, long-term overhead resistance that's been in place, what, since December 2025. Cool. Um, if we get that pullback like I'm expect I'm expecting that we will, Ethereum, ETHBTC will most likely go lower. But just keep in mind like today, right now, it's actually green. And this is the thing you have to understand about ETHBTC.

[00:05:00]This ratio, it's showing us the price of Ethereum in Bitcoin. So, if Ethereum isn't falling as much as BTC right now, currently, uh, Bitcoin is down what.36%.

[00:05:14]Ethereum down.25%. So, because Ethereum is not down as much as Bitcoin, it's up.1%. It's a little bit weird, but even so, like we could see both of these charts drop a lot lower, but if Ethereum doesn't drop as much, then ETHBTC will be going up higher. Does that make sense? Hopefully.

[00:05:34]The biggest shift, the biggest move is seeing Bitcoin dominance plummet from basically 59.9% all the way down to 59.4%.

[00:05:48]I know that doesn't seem like a lot because in dominance levels like these moves of like.5% doesn't seem like that much. This is a big deal. Now, I'm going to be completely honest with you. When I looked at the charts this morning, I I honestly could not believe everything that had pumped overnight.

[00:06:09]It I I have some suspicions. I literally cannot see anything or identify any news events to explain what's happening.

[00:06:17]Therefore, I have I'm jumping to my own conclusions here. Kind of going on a out on a limb. But just to reiterate something, I've been telling you this week and also last week, Bitcoin dominance when it's moving up, we see alts suffering. But the moment we see it starting to reverse, that's where we're going to see alts really pumping. We also noted last Friday RSI for Bitcoin dominance was at 82.05.

[00:06:43]Then on Tuesday, this week, 72.86, a lower high with a higher high on the chart. That's a bearish reversal sign.

[00:06:52]So, here's the thing that's wild. Now that we've seen this gap down for Bitcoin dominance and stable coin dominance is also going lower. If these two charts are going down, that means other charts are going crazy. There is literally no reason for Salana to push up, Salana dominance to increase by 3.79%.

[00:07:14]like Ethereum dominance, like XRP dominance, Salana dominance is very closely tied to the price action of the underlying asset. The weirder thing to me though is this. Others dominance had a crazy reversal from 7% now up to 7.5%.

[00:07:33]That's a 6% increase give or take. It's wild because I've been telling people in the Better Traders Club, well, in my analysis, whenever we've seen RSI go oversold on others dominance, we see some sort of a bullish response. I was not expecting this to happen, though. It is extremely suspicious to me. It's really weird. If we look at the total E100.D, D, which is the total market cap excluding everything in the top 100 market cap ranking expressed as a dominance percentage. It literally shot up from 27% all the way to the top of the cloud 13%.

[00:08:14]With a massive gap, something really weird, really weird is going on right now. Okay, totally. Yes, the total crypto market cap excluding stable coins only moved at 1.19% yesterday on Thursday. RSI moved to 70.88, which is just slightly higher than Saturday the 11th. It It's still due for It's still due for a pullback. I need you to just give me a second. All right, let's just remove this. Okay, let's just blur our eyes a little bit to look at spaghetti support. Okay, you look at this move and you tell me that that's not dangerous. All right, that's darkwing duck dangerous. All right, that's that's that's a setup and a half. Are there any bearish signs on the 4 hour? There aren't. I'm literally going off of price action and going off of RSI.

[00:09:15]Now one other thing to consider right here is the rapid increase of totally 50 and totally 100. Again the total market cap excluding stable coins and everything in the top 50. So everything below the top 50 basically moved up in the last two days up 15% to the top of the cloud to the top of the cloud. We haven't seen this chart totally 50 get to the top of the cloud since it dropped back in October.

[00:09:47]I kid you not. The last time we had a really amazing rally was at basically the beginning of January. Didn't even get close to the top of the cloud. This is a very weird move.

[00:10:00]Again, I'm making some pretty big and bold statements today that are entirely my own, not backed by data, not backed by inside information. I'm just calling it like I see it. Okay, so just hold on for a minute. I'll explain in a second.

[00:10:17]TBO breakout cluster on the 4hour time frame for totally 50 and totally 100.

[00:10:22]This one also has moved up 15% in like 3 days, two days basically.

[00:10:30]the others chart as well. It's at the top of the CL. It has not been at the top of the cloud since it dropped inside of it back at the 1010 dump.

[00:10:43]The amount of crime that's going on right now is most likely a result of money being moved. I'm going to again my own thoughts, my own opinions. What I believe is happening right now is we are seeing money rotating out of Binance Life, out of Rave, out of all these other memes, all these other charts that have been pumping really high. My honest to god suspicion is that money has been moved out by the same market makers to pump other charts, whether to create a short squeeze or to create a false sense of comfort. Now, charts are pumping. I have a couple of charts that I'm actually excited because they've been long-term holds and I've taken profit on the pumps, which you should be doing as well. Even if you're at a loss, you should you should be taking profit on a pump because if a pump is a pump, it's most likely not going to continue. I respect Ivan on Tech. I love his his pep talk about respect the pump. Uh but at the same time, I still wholly believe we're in a bare market. So, anything that's happening like this that's irregular against the trend, I don't trust it. It stinks to high heaven.

[00:11:57]I I need to I need to pivot to Trafi first. But understand that when BTC is stalling like this and Bitcoin dominance and stable coin dominance is dropping, yes, we're we're typically going to see alts pump. But to this degree, it's it's this is like interpol level crime. But I I can't I can't point a finger at who, which, what, where, but it's just it's a very very very weird market right now.

[00:12:31]Speaking of weird markets, um the dollar index, the Dixie has confirmed a pivot low here on Thursday's candle. It only closed at.13% but honestly all we've been all we've been waiting for is RSI to have a bullish reset which is exactly what happened yesterday. We know on Wednesday it was down to 22.93. The last time RSI was oversold was over here on the 27th of January where we saw it increase and go overbought. Percentage doesn't matter. It's just the trajectory. So now that we've done this, guess what? Now we should be seeing the Dixie shooting up to close our open gap which is up there at 99.516 which would be an increase for the Dixie of approximately 1.3%.

[00:13:14]It's really not that big of a move. It's really not that big a deal. The the potential of it to push up higher is very clear and evident. It's it's mainly because we just have that gap in the same way that we had this massive gap over here at the end of January. We had a gap at 97390. It was only like the smallest little itty bitty, right? Like that like it wasn't even that big a deal, but it needed to get filled. So, as the price rejected going lower, we had an RSI reset and eventually it came back up to close that gap. Okay. In the same way we have a gap to the top side.

[00:13:56]It still has yet to be closed and it will be closed. Now what this will do to the yen is another thing altogether. it.

[00:14:04]Honestly, I mean, when I listen because trust me, I'm thinking about all these all these topics for these videos in advance when I look at charts and I'm my worst critic because I hear myself sounding like a broken record talking about USD JPY being at risk when it goes above 160. But the problem right now is that if we get a proper gap fill for the DIX, USD JPY is 100% influenced by the Dixie because it's the dollar index. And the thing is that if the dollar is shooting up higher, if the dollar moves up, USD JPY moves up as well. If we're expecting the dollar to move up 1.3%.

[00:14:47]It's not going to do a perfect one to one move. USD JPOI will not do the same exact thing. But you have to understand that if it were to go up to the high that we had on the 30th of March, it's only.7%.

[00:15:02]If we see it push up to 160.5 or higher, then we're starting to get into this dangerous territory from where it previously dropped way back over here.

[00:15:13]2025 we saw a correction, but more importantly 2024 we saw a really big correction in July. We don't want to see a forced rejection. The chances of it rolling over are very high.

[00:15:28]But if it starts to get closer to 160.5 or 161, that's where we start to get into that scary zone of Japan having to do anything in its power to defend its currency from dumping into oblivion, which is what will happen if the dollar is going to be shooting up a lot higher. S&P futures printed a new all-time high on Thursday at 70,089.

[00:15:58]which is totally ridiculous.

[00:16:04]RSI on Thursday at 86.43. RSI has also been overbought. Now it's on day eight.

[00:16:12]The chances of a reversal here are exponentially higher. One other thing that you should be very aware of as well is the fact that S&P futures volume and this is on the CME. This is the big This is the big boys, okay? This isn't like trading like Canton or like trading whiff, right? This is S&P futures on the Chicago Merkantile Exchange, which has a 30-day moving average of volume at 30, sorry, 11.3 billion.

[00:16:44]You should be very interested in the fact that volume is subpar. Volume is well below the moving average, which is moving down. You should be very interested in that. Is volume bullish?

[00:16:59]It is. It's extremely bullish. Does it look incredible on the weekly? Yes, it does. But you should be concerned about daily volume not being enough to snuff.

[00:17:12]If we just kind of eye it and look across, yes, we've had moments where it's, it's, you know, a little bit lackluster, but this has been during periods where it's like chop solidating and it's it's not feeling too good, right? It's it's a little bit of chop. This has been nothing but up since 6350 and now up 11.47%.

[00:17:33]And volume's been falling off on the move. That should make if not one eyebrow be raised. Both eyebrows should be raised. It that's very very odd.

[00:17:47]As you know, Tesla shot up 7%, S&P, Dow Jones, NASDAQ, everything shot up a lot higher. We're going to look at other picks in a second. Even the NIK shot up to make a new all-time high now at 59,800.

[00:18:03]Look at the price action. Look at the increase. 12% or so. Really from about here from the 30th of March, it's just been up.

[00:18:13]Look at volume. So now now we're getting into other, you know, alternative exchanges. This is OSE. I I don't have any way to say like, oh, this is the one with the most volume. But you have to just marvel at the fact that volume is just dropping off. Yet we're seeing higher highs.

[00:18:36]I wasn't kidding yesterday when I said something feels off. Something feels really, really, really off to me.

[00:18:46]Not just in crypto, also in Tradfi.

[00:18:49]Now, to its credit, WTI is also seeing way less volume right now. It's well below the moving average because things were just pumping and rallying up higher. The other thing to consider, and again I hate to be that guy, but we do have a gap up here at 110236, which if filled would require WTI to shoot up about 18%. UK oil has no such gap, by the way. It already fulfilled that gap on that was created on the 7th of April on this little pump that happened on the 13th. Okay, no such gap exists. But the WTI chart still has a pretty significant gap that it's going to get filled.

[00:19:35]Um, gold is still in the cloud. It's still looking good. It's It's in consolidation mode. It's not terrible by any means at all. Volume also is down a bit, which is really interesting to me.

[00:19:49]Again, it's like so many things are just not adding up.

[00:19:54]uranium, which um is a nice alternative energy source compared to oil. It pierced above overhead resistance, which is basically our bull flag. And now it's above the bull flag. So now that we have it a breakout, it's right now we're above, we still need many hours until this is actually going to be confirmed uh for Friday. But we have one confirmed day here. We need to see how it's going to basically react. The ideal breakout is going to be basically pushing up above, coming down to test, and then pushing up higher. That'd be a nice bump and run, but it's a bullish breakout for uranium.

[00:20:35]Okay. The main things that I'm very suspicious about right now is just alts.

[00:20:41]Alts behavior right now. Very, very weird. We're going to look at a lot of those in a second, but I want to draw your attention to the description down below. Check out our courses. Start with 15 minutes to financial freedom. This is a great place to start because it gives you the foundation that you need to understand automated and active trading strategies using our free TBT signals whether it's with Kraken or Binance Bybit whatever um but you use it through the Altra platform as well as active trading strategies whether it's AB trading like aftershock pumps fat finger fishing channel trading using the TBO for trend trading a lot of that good stuff it comes with coaching it comes with a PDF copy of our better traders journal but the TBO as well is included uh as a month trial I believe. So if you don't want to get the course, which is totally fine, you can still get the TBO by going to the link down below. This is the best training view indicator I've ever used in terms of identifying the strength of the trend, reversals in the trend, breakouts, breakdowns, support, resistance. Check out the link down below. It's also on sale. It's only 37 bucks a month, down from 47. And the Better Traders Journal is now print on demand. This is the document. This is the thing that actually started the Better Traders way back in November 2019 when we started this business. So, you can get your own print ondemand copy through Amazon.com shipped to your house. If you buy it, you use it, you like it, leave a review. That'd be awesome. If you're looking for an exchange partner, consider Kraken. These guys are a fantastic OG crypto exchange that um happily serves and proudly serves North American audiences. um audiences, North American peeps, uh whether you're American or you're Canadian e um you can get access to Kraken. Um and you can also use our free TBT signals via All Trading on the Kraken exchange, which is great. Also, check out Tubbit down below where you can sign up and trade to earn over 15,000 USDT.

[00:22:38]All right, we're going to go back over to the charts and we're going to talk about my picks first. I have a lot of them today. I'm going to try to keep this video short. Uh, and I do have um picks that you guys have asked for as well. I love seeing your guys' comments.

[00:22:52]Uh, for better, for worse, but the back and forth and the discussion that's happening in the comment section is extremely informative. Now, I I love all of you guys that watch these videos right when they come out. I really suggest that you come back to rewatch later, like 12 hours later, at least just to look at all the comments because that is the most revealing. Honestly, the social aspect of the market right now is in the comment section. Read, read, read, read, read. Okay, so for all of you that are wanting your coins, your stocks to be reviewed by me, make sure to leave a comment down below. Add the dollar sign so that way I know it's a stock. If it is a stock, actually write just the word stock. It helps. If I don't know what it is, I'm not going to review it. Um, and I don't have to review everything. It's out of the goodness of my heart that I'm doing this. Uh, but if I do that, if I do review your coin, or even so, if you're asking for me to review a coin, please like the video, subscribe if you haven't. A lot of you that have newly subscribed, you're awesome. You're fantastic, and you probably subscribed because somebody shared the video with you. So, now it's your turn to pay it forward.

[00:24:04]was like Kevin Spacy. Was that a Kevin Spacy movie? Pay it forward. It's a movie that's talked about every now and then. I never watched it.

[00:24:16]So, make sure that But just like the movie I never watched, but it's often quoted maybe sometimes, probably not as frequently as I think it is, you should pay it forward, too, and repost, retweet, reshare, all that fun stuff to help me reach my target of hitting 100,000 subs. Let's just start.

[00:24:35]There's a lot of weird stuff happening right now. Um, getting a lot of really, really strange feels. Um, XRP TBO breakout cluster on the 4hour time frame. It's reasonable. It just feels kind of like it did back over here in the 17th of March where we had a pivot.

[00:24:55]BNB also has some TBO breakouts. Last time this happened, it basically plotted the top. Uh we do have this confirmed TBO close short too on the daily time frame just like back over here on the 15th of March and then it reversed.

[00:25:08]Salana up 5% with the TBO breakout at the very tip top just like back over here back over here.

[00:25:15]I I I don't want to say what I'm thinking.

[00:25:23]I'm going to just save it for the club.

[00:25:27]But things just feel very manipulated and very weird right now. Chain link TBO breakout cluster perfect three in a row.

[00:25:35]I just I just can't shake the fact that everything just resembles what we saw on this previous pivot high moment on the 16th 17th of March.

[00:25:44]A month ago. Exactly a month ago, by the way, which is weird. Suie TBO breakout cluster on the 4 hour on the daily. It's pushing up. Cool. That's great. Um, lots of volume, by the way, as well. The volume across the board saw a lot on Thursday, which is really great. It is, honestly, I'm happy for people. I really am happy. I'm not trying to steal anyone's joy. You should be very happy with what you're getting right now. Just understand that what's happening across the board is very weird considering the macro trend across the board is very bearish.

[00:26:22]It's a mixture of short squee. Look at Leo Finance for God's sake. I mean, it's literally the top of the cloud. If you wanted a an opportunity to short anything, these are the times to do it when you get a super overbought pump like this. Yes, TBO breakout cluster.

[00:26:40]Yes, it broke out. Cool. It broke out to the top of the cloud. It's reversing.

[00:26:43]There's also historical support over here at 49. It's It's getting real close. RSI closed up at what? 84.21 Injective Protocol also TBO breakouts with a lot of volume coming in Filecoin.

[00:27:01]Now the good thing here is that Filecoin remember this one I was saying well if it's going to do it has these four TBO close shorts. Don't say I haven't warned you that there might be a bullish reversal. There we go. We got the nice little move 11%.

[00:27:14]Um, just just keep in mind it went overbought on Thursday at 71.18, lower than 71.98 on the 7th of April. It's a pretty good chance that we get a a pullback, just a little bit of a one. If it pushes up higher, cool. Top of the cloud at 117, but again, I'm I am suspiciously looking at everything right now. Not expecting things to rocket up higher. Um it feels like an exit pump.

[00:27:45]I don't want to say anything else. TBO breakout on a on the 4 hour and Pangu which also has had a a bullish response from the two TBO close shorts pushed up 10%.

[00:27:56]Price is also basically at where it was a month ago before it reversed.

[00:28:02]Pump had a decent move up. It broke out of that big range or big range. It broke out of that suppressed range at 1917.

[00:28:11]Cool. Virtual also pushed up. It pushed up to the 236 fib level. Cool. ADA TBO closed short. Great. APTOS TBO closed short on 11% move. I I just can't Here's the thing. If we are in a if we are in a bottom year, and I've said this so many times. I said it's not abnormal to have midcycle rallies or a midcycle pullback. Whatever the market is, if we're in a bull market, we'd be foolish to think everything goes up from there.

[00:28:46]It's normal to have pullbacks in the middle of a bull market. In the same way, in the middle of a bare market, it's normal to have reverse rallies.

[00:28:55]Can you make money going long in these moments? We're going to look at a couple of charts where clearly you can. But is there a way to know like is this a guaranteeing thing to happen? No. If we let me just do it this way.

[00:29:09]Ever since the bare market started, you tell me how Aptos has done. Okay. Since our 1010 dump after that, Aptos is now only down 75% instead of 79% or a max draw down of 80%. So now it's not down as much.

[00:29:32]Wow.

[00:29:34]I mean, this this recent little move right here is making up for that 75% draw down. Am I right?

[00:29:43]I ADA from 1010, right? It it's it's fallen a max of 65%.

[00:29:52]Now it's only down 59%.

[00:29:56]It's great. Leo, which has moved up a lot recently from our 10-10 drop. It's moved down a max of 66%. Now it's only down 46%. Cool. You have to understand these moves that happen. These are opportunities for you if you're a long-term holder, even if you're in a loss. You have to hear me out on this.

[00:30:19]If you entered at any point like right here in the support level and you've never sold anything and you've been, you know, underwater 50%, all of a sudden your bags are now only 30% underwater, you have an incredible opportunity to sell some at a loss. Here's the rationale behind that. Okay, let's say I'm not crazy. Let's say that this is a short-term pump, a manipulation pump.

[00:30:44]Even though you're down 30% on your position, let's just say you sell half at a loss of 30%. And the price actually goes all the way back down another 55%.

[00:30:57]Guess what? Everything that you previously sold up here at 30%. at a loss, you can take that loss, or rather the the funds that you freed up in a loss, and you can add in another 20% lower.

[00:31:15]It's not a very comfortable way to do DCA in that ideally you want to DCA and sell in profit on a bounce, but you can still DCA in a loss by freeing up funds on every false pump that happens.

[00:31:34]The flip side of this, let's say that you're in a long position from historical support here at about 63 cents. Okay? The flip side of this is that this is a dangerous spot to be in if you're not going to be freeing up any capital. Okay? And the reason why is because there are zero guarantees that this will continue to push up higher.

[00:31:57]And let's say for the sake of an argument that LEO after moving up one day 19% let's say it moves up another 70%. And it reaches your break even entry. So you're no longer in profit or maybe you're just a little bit in profit. Do you know what most people do?

[00:32:18]Most people won't sell because they're thinking, "Well, it's already moved up this much. Why would I want to sell? Cuz now I'm going to finally be in profit again. Now it's going to go up so much higher.

[00:32:30]It's a really dangerous dangerous trap to be in. I can say this because this is exactly how I used to trade and I've I've I've DCA out of so many terrible entries, even selling at a loss to free up my position with the whole purpose of buying on the next dip to average down my entry again and again and again and again.

[00:32:58]It's not fun selling at a loss. And I'm not saying to sell everything. I'm saying to consider consider the math. If a chart you're holding has abnormally pumped 150%. And you're still at a loss, the most logical thing to do is to shave off some of that loss to reduce your exposure and wait for the price to draw down more. So that way you can take those freed up losses which is a profit kind of but it's your freed up stables to average your position down again waiting for the next bounce even if it's lower to sell again and again. You will eventually average down your entry over and over.

[00:33:44]It is a very difficult thing to do and it it takes a lot of discipline but the reality and things that you guys might not believe me but you can be down 30% sell a little bit of a loss and the price goes back down again and you sell on the next bounce again a little bit more. But what happens over and over is that you are averaging down your entry and it goes down more and more and you get a little bit of a bounce. Cool. You sell some more there.

[00:34:21]So, you're going to average down more and more. It goes a lot lower. We get a bounce. You sell some there. You average down lower. It's going to be painful cuz you're still in a loss. You're still net unprofitable.

[00:34:35]But selling on these bounces over and over, you can average yourself down from $8 down to like $450 by religiously selling on every bounce.

[00:34:50]Are you still in a in a loss? Yes, you would still be down 24%. But trust me, it's way better than being down 60%.

[00:35:00]I'm going to tell you as well, the reason why this is so hard to do is because you are convinced in your mind, the greedy part of your mind, your ego says, "Why would you sell here when you could sell so much higher?"

[00:35:16]The hardest part about this is trusting the macro trend. The macro trend wins in the end, as I keep saying over and over.

[00:35:25]So, has the macro trend changed for a lot of these coins? No, it hasn't. So, any move that's going against the macro trend, you need to take advantage of it and scale out. Even if you're scaling out in a loss, it's so hard to do. In the same way, in a bull market, when we get pullbacks that are brutal, we know that, okay, right now 2024 is a rally year. When we get an insane drop of 45%, we are buying that dip and we are selling the bounce.

[00:36:02]We're buying the dip and selling the bounce with the whole purpose of averaging down our entry over and over and over and over. So that way we are in a risk-free position to hopefully scale out and the moment we get a pullback we can decide, well, are we going to hold?

[00:36:18]Are we going to sell? we going to take.

[00:36:21]But that's the whole practice of DCA is that you are going over and over working on your position to average down your entry as low as possible. So that way you're sitting risk-f free. So any pullbacks or bounces that happen, it doesn't matter.

[00:36:35]I didn't expect to go on a rant like that, but I I really want to help you guys understand why I'm suspiciously eyeing a lot of this price action. Okay, let's keep going. Hype has now pushed resistance up yet again to now 4577 with RSI putting in lower highs.

[00:36:54]Volume is really good. Admittedly very strong, greatly exceeding the moving average.

[00:37:02]It's not bad at all. It's honestly not bad. But the chances of it pulling back to the fast line are exponentially higher now, which would be a 7% draw down. Binance Life now has the price stalling two days in a row with volume dramatically falling. Wednesday at 205 million down to 89 million.

[00:37:28]You're in a dangerous spot if you're a bull right here. Now everyone is deciding, wait, it's not going up higher here. This could also be consolidation before the next move. But the next termination move is up here to 50, 43% higher. That's a pretty good risk-reward ratio. If it weren't for the fact that this thing was literally up on a cliff and it's inevitably going to fall down lower, at least to the fast line, which is down 48%.

[00:37:56]Rave, funny story here, am I right? What happened on Rave yesterday?

[00:38:04]pushed up 60%.

[00:38:07]Had a pull back to the fast line on the 4 hour time frame on Thursday, early Thursday, and it bounced up. Please, please, please, if you've taken a long on that position, consider scaling out of your position because RSI already reset from being massively overbought at 99.92, a level I really cannot remember ever seeing on another chart ever, period.

[00:38:36]It dropped below 70 on Wednesday at 6796 and now we have a much lower high at 77.32 while the price is literally putting it's not putting in a higher high yet. This is a very risky chart.

[00:38:50]Okay, now I'm going to say what I was going to say before.

[00:38:55]Let's say that you are a market maker and you successfully scammed everyone to buy in this rally up 6,464%.

[00:39:04]Let's say you put in $1,000 down here.

[00:39:07]Now you have 64K. Okay, that's like an easy easy number.

[00:39:13]Let's say you also put in money to Binance Life, which also had a ridiculous scam of of 600%.

[00:39:21]Or Monad, which has been on an amazing rally, or Siren, which had a ridiculous move up, but all this stuff before.

[00:39:30]There are too many Chinese tokens, and I don't mean anything by it other than it's just the fact that have pumped so much that if I were a market maker in China, I'm just using I I don't know why I'm just using China. Well, I know why because a lot of cryptocurrency activity is based out of China, especially trading activity. Um, and it could be Korea as well.

[00:39:55]But here's the thing.

[00:39:58]It appears to me that attention is now pivoting away from these coins and it money went quickly into a lot of other coins to force short squeezes to the top side to prop things up for an April rally which will lead to higher highs, excitement, people buying in going over levering into these big rallies trying to make as much money as possible but not thinking about the fact that May and June historic to ally are red.

[00:40:30]That's what's in my opinion that is what's happening.

[00:40:34]So, meme core up 30% yesterday. Instead of dumping, of course, it pumps because why? Because all it took is just a little bit of a move here. Short squeeze to oblivion all the way up 28%. Did I see that coming? Absolutely not. No.

[00:40:53]Neither would I ever have expected it.

[00:40:55]Now, here's the crazy part. I feel like I really need to find a better chart here. Um, really?

[00:41:04]Really?

[00:41:06]Oh my gosh.

[00:41:11]There has to be something else. There has to be There has to be something else.

[00:41:22]No, that's just a scam pump.

[00:41:26]literally a a short squeeze scam pump.

[00:41:29]Congrats. Congrats to all of the crypto market makers.

[00:41:39]I'm going to move on because I don't want to say anything else um that I might regret later.

[00:41:46]Monad. Um this one is showing signs of exhaustion with RSI waning. Um, onbalance volume is topped out right now at 8.28 billion.

[00:41:57]Uh, the next thing to look for is a small little bounce, maybe 7%, but ideally what's going to happen is a retest back to the fast line as we've been talking about, which will give us a small bounce, maybe like 15% or so. Then it's done. It's cooked. Um, render RSI has been neutralized, literally down to 50. Volume's falling off a lot.

[00:42:16]Onbalance volume crossed below the moving average for the first time. It pushed above on the 11th of March. Price action is also battling with this first line of support. Chili's after pumping up one day, what 21% it wicked into TBO resistance yesterday and it's having a little bit of a pullback.

[00:42:39]Not surprised whatsoever.

[00:42:42]Stellar Lumens of all tokens XLM shot up 7% yesterday. Piercing decent overhead resistance. Not super long term, but from January. It's pretty that's a pretty big deal. Still strong bearish though. Siren shot up 151% yesterday.

[00:43:06]How much you want to bet that the people behind Memecore and Siren are the one and the same and this and um this. How much you want to bet that?

[00:43:22]I don't have any way to prove it or not, but it's a it's just the the tiniest bit a little bit suspicious. Just a little bit suspicious.

[00:43:34]Oh, yeah. And it pumps right at midnight. Of course, Conflex up 18% right at TBO resistance.

[00:43:43]But more importantly, the first time it's been above the cloud since it had a scam wick over here on the 11th of November. Last time it was above the cloud was in August.

[00:43:54]That's significant. That's a really big deal. Note RSI is also overbought at 77.66 as of yesterday. much lower than the previous high, 87.53, but we have a higher high in terms of price and a lower high in terms of RSI. What do you think's going to happen next?

[00:44:13]Zeb Network.

[00:44:15]Is anyone surprised? So, instead of it losing support, it pushed and pumped up to resistance, breaking above resistance just like I expected. So now that it's done this, we're going to be looking for a slightly higher high and a pullback and eventually a loss of support. But it is admittedly a good strong bullish chart. Pippen, the fact that Pippen pumped too yesterday, it just seems like yesterday was the exit scam pump day across the board. Up 58% even Walrus, mad props to the Walrus team. But really, a 77% upper wick like that to the top of the cloud. Really that look at the volume yesterday.

[00:45:05]5 million with an average 30-day volume of 627,000.

[00:45:13]That's massively suspicious. All right, now for your picks. U only stocks, which is really interesting. So, okay, here we go. a firm holdings really great bounce from the beginning of the month from 4393 now it's in bullish consolidation of 38% RSI is massively overbought on balance volume is looking really good on the weekly time frame it's tagged the fast line exceeding it note we had a TBO closed long on the week of the 26th of January it is now closed our closed long meaning the price has finally returned back up to that level and then um RSI was already oversold and had a bullish RSI reset at the beginning of March. This is your exit opportunity if you've been holding for a long time and and you've been waiting for an opportunity to get out of a chart that's been bearish. Now, it's technically in bullish consolidation, but just just saying, calling it like it is. TTD um bullish engulfing candle on the weekly, but that didn't really help us back at the beginning of March. the the main thing that ah look at that. This is what we talked about a while ago, too.

[00:46:24]Look at that. It had that gap. See, nature hates a vacuum. And guess what?

[00:46:31]Do we have a new vacuum? Do we have a new gap up here? I have to test and see.

[00:46:35]Yep. Still have a vacuum or a gap, rather, is a better way to put it. So, there's a good short-term target for TTD up here to 24. What's that number? 2474.

[00:46:48]Watch for that.

[00:46:50]be.

[00:46:53]Oh man.

[00:46:56]Well, a gap down at 177, but what's worse is this gap here at 139. Now, something terrible would have to happen in order for it to drop another 33%, but also it irregularly pumped massively high. Um, this is what I mean where like things just are really weird right now to me. very very very very did I say very very irregular uh price action constellation energy group um look gaps gaps getting filled gaps everywhere uh we also have a gap down here and the reason why I focus a lot on gaps for stocks because they stop trading at a certain time they all have to take a nap they're they're exhausted from a day of for 6 hours of trading a day whereas crypto's 24/7 you guys don't think we're exhausted oh man. Um, on the weekly time frame, um, technically CEG is still bullish. We had a pullback similar to what we saw over here in April. The next thing that you're you're going to be wanting to look out for is will price be able to push above another 11% higher overhead resistance, which is going to be a different price on the daily compared to the weekly, which is at 336, but on the weekly, of course, it's 334.

[00:48:13]But that's the next level to watch. it hasn't pushed above that level. If it has an amazing push above the fast line up there, the next level of resistance to watch is 384. And then bird, now this is interesting because uh my business partner told me about this one. All birds had a pump from $249 up to 2431.

[00:48:38]What happened?

[00:48:40]They rebranded their company to say that they are an AI company.

[00:48:46]I don't know how long you guys been trading for, but this feels just like the blockchain scam that happened about 5 years ago when Bitcoin was going crazy. Lots of stock companies, companies that are publicly listed on the stock market, just added the word blockchain into their stock to pump artificially the price up hundreds of percent. Long Island T, Long Island something or other. I think Long Island IC Tea Company added Long Island Blockchain and their stock like quintupled overnight. went up like 5x.

[00:49:28]This should make you worried.

[00:49:32]Should make you insanely skeptical.

[00:49:36]If it doesn't, I mean, it's okay. I'm a little bit jaded. I can't help. I've been in crypto for too long.

[00:49:42]There's so much weird stuff happening right now with money, with rotations and dominance, all this stuff. I I am skeptically still expecting a pullback for Bitcoin which will take a lot of these charts that have pumped higher.

[00:49:57]You can trade it the way you want to trade it. There's still really good stuff to be trading. But I mean what I shared with you before about taking profits on any pumps that come your way during a bare market, do with that as you will. It's okay. But you look at the charts that I just shared and you think about it. You do the math. It really does pay to take profit on a pump. Even if you're selling at a loss, it really does help.

[00:50:19]I need you to watch this video to understand why an April rally makes sense historically speaking and also why May and June are historically red for bottom years. The data speaks for itself. Watch this and until the next time, you know what to do. Stay awesome and stay in the green. Peace.