BITCOIN BREAKOUT LOADING?! ALTCOIN VOLATILITY AHEAD?? LIVE CRYPTO ANALYSIS!!!

Added: 2026-05-09

[00:00:06]Welcome to the crypto trading channel.

[00:00:08]My name is Stu. Well guys, Bitcoin and many altcoins continue trending higher.

[00:00:12]Looking quite strong in my opinion. But of course, we need to still remain cautious as we haven't quite got our breakout of my resistance zone yet. Very very close, but haven't quite got it yet. So, it is what it is. But of course, as mentioned in my last stream, there are many bullish signs suggesting a breakout is at least very possible.

[00:00:32]So, with that, let's dive into some charts, shall we? Uh, taking a look at the 4our. Like I said, I mean, we still have my resistance zone, right? The same red pocket. Basically, if I have a fib pulled from it, this is actually from my daily resistance. Um, but pulling a fib like so, you can see that we have the red box up there. Um, just uh actually slightly off. I could change the red box just very slightly there. But um yeah, basically that's my resistance box as far as a fake out, swing, fail zone, whatever you want to call it. But yeah, basically just suggesting that there's still potential resistance up to around 82.6 82.5K somewhere in there. Um but yeah, obviously as far as the shorter time frame goes, still looking strong.

[00:01:18]even just the micro structure. You can see that even though we're seeing this little pullback right now, we're still technically holding the micro higher low. Um, obviously with that structure, I just mean because we have this very immediate structure here. So, like I said, micro structure, but it is what it is. Um, but yeah, nice to see that we still have the lower time frame trend uh pushing us up higher into the resistance. So, as long as we're holding that structure, I mean, things are looking quite great in my opinion. But obviously, like I said, we just need to be careful. It's a dangerous zone as I've been saying for well probably two almost three weeks now. Just the fact that the shorter time frame uh uptrend was meeting up with the higher time frame downtrend. That is still the case.

[00:01:59]We are still in macro resistance. So, as I mentioned, it is what it is. But, uh not looking so bad, right? the fact that we still have that uptrend going. Um, still holding on to a chunk of my long from, well, I guess middle of last week, whenever that was. Um, that would have been somewhere around, yeah, that was Wednesday or Thursday that I ended up taking that long, I believe it was. But, um, yeah, still letting a chunk run just in case we get this breakout. If we end up dropping back out of this resistance zone, I will be locking in the rest of my position because I just think that a rejection is quite possible in that case because we still run the risk of a very large rejection if the bears step in.

[00:02:40]Um, but yeah, we're going to have to see with that. I mean, uh, same with on the fivem minute even just looking at the micro structure. Like I said, we're seeing a little bit of a correction here, but so far we are trying to uh hold on to our higher low on the trend basically. So, we'll see what happens with that. I was kind of hoping that we would end up seeing this Oracle Pro Plus indicator end up uh holding that support, right? It's been holding very well. And even when we lost it here, we did reclaim it quickly. So, I'm kind of hoping that's what we end up seeing here and actually get our breakout. Uh because there is a few things that I want to talk about why I think that's very possible. But of course, guys, if you guys are interested in seeing just way more examples how I'm looking at market structure in general, some of my trade setups, strategies, warnings, and so on, be sure to scan the QR code on the screen to gain access to my private Telegram. My partners at Blofin are also currently giving my followers this deposit bonus uh for new and existing members you guys who want to try trading on Blofin as well as gain free access to my VIP Telegram channel. So they are running this promo until May 9th. So there's a few days there left. So if that interests you, you know what to do.

[00:03:54]Scan the QR code. But yeah, uh taking a look at uh let's actually jump over to the daily chart because you guys know this is kind of the macro resistance that I've been looking at. Um once again, right, this structure is just a little more it's just a little cleaner on the daily compared to the 4 hour where I showed it. But yeah, if we pull a fib basically from where we had our confirmed lower high just because we had this pause, right? We had a low, we had a lower low, therefore pulling a bearish fib from the highest point between the two and that's where we end up with this. So, like I said, so that red box actually runs up to approximately 82.2K, 82.3K to be a little more precise than the last chart. But yeah, um so far, I mean, I even like to see this sign of strength. The fact that we ended up losing our diagonal support. We lost that very strong uptrend there, although we never lost horizontal support. We did lose that diagonal support, but so far rather than ending up flipping that and holding that old support as new resistance, we're actually so far trying to break back above it, right? I mean, this daily candle close is going to close in just over an hour. So, to actually close and reclaim that line, I mean, that would be a nice sign of strength in my opinion. Also be getting a daily close above 80K. Um, actually, how was this one? This daily close yesterday was just below 80K. So yeah, if we could get a close above 80K, I think that's another sign of strength, right? So I don't want to rule out the bulls at this point. I think uh you you guys know that I mean even since down here, I was warning about the possibilities of a rejection if we end up climbing back up to this resistance zone. That doesn't mean that I was shorting into support, right? You guys know that I've been short since 89.9K. I was actually uh I had a short open from 125.2K. I wish I still had that as a trophy position because I called that out live. Uh I mentioned why I was taking it and so on. But the running position I do have is just from 89.9K.

[00:05:54]So over at this area over here just because there was a stubber fib there.

[00:05:59]And this is one that we can actually see on the uh 4 hour. I should still have it mapped out. Yep. So that's that guy over there. But yeah, so far I mean it is what it is. Obviously, this is a resistance zone that we've had to keep on our radar for the last couple of well, two or three months at this point.

[00:06:18]So, we're getting kind of sick of this level, but just being sick of it doesn't invalidate it. So, we're just going to have to see what happens. But again, just seeing the strength on the lower time frames to see that we've already tested this pocket a couple of times, even if it was just wicking into it, and then now retesting it. Um, the more we test it generally, the weaker a level is going to get and the more likely we're going to break through, right? So, at this point, it's just starting to look more and more likely that we can see a sustainable rally for some time. We will have to see. But, um, even looking at the weekly on the log scale, um, you know, we did have this red candle, well, dogee, whatever you want to call that.

[00:06:55]Um, whatever candle you want to call that, as long as basically, it looks good to me. the fact that we ended up closing a weekly candle above this diagonal resistance uh confirmed basically retested that resistance as support and continued holding that close and right now even trying to pump a little bit higher. So obviously there's well there's five days left in this candle. So anything is possible. We could just end up as this is just a fake out. We end up re losing this and flipping that uh resistance back into resistance. That would be a big red flag for the market and a big sign of strength from the bears or just a sign of weakness in general in the market. Um very possible, but it's just looking less and less likely, right? So, especially if this weekly candle can close up above this, just engulfing this red guy here, that would actually give us a confirmed uh higher low just on the micro trend, right? Just from where we've bought them so far. The fact that we have would then have basically a high, higher high and another higher high. That would be the confirmed higher low, just the lowest point between the last two highs. Even though it is just the micro structure, it is on the weekly. So, that's still obviously big volatile moves uh when you really zoom in. So, I would love to see us basically hold above 75K. I think that would be absolutely fantastic for the market. And honestly, the fact that the RSI continues to climb, that's a great sign for me as well. The fact that the RSI has actually broken a downtrend as well as the price on this chart, that's just great confluence to have. So, yeah, as far as, you know, Bitcoin always does look the strongest at resistance, just like it always looks weakest at support.

[00:08:36]Um but right now it is looking quite strong right and although I would have very serious concerns about this just because we are trading at that resistance pocket. One thing that uh gives me a little bit of hope for the bulls here is obviously the long short indicator which you guys know I love bringing up on these streams and the fact that uh retail and that includes all of us basically anybody actually trading this market right anyone other than market makers and that sort of thing. Um, but basically retail is short heavy, right? The majority of traders are actually short at this point, thinking that this is basically not a sustainable rally. It's a suckers rally, whatever you want to call it. But, uh, basically, we see the majority of traders being short heavy as we trade into resistance. So, ironically, it is the correct thing, at least in my opinion, to be looking at shorting resistance, right? I'd always rather be a seller at resistance. I'd rather be a buyer at support. Um, so ironically, it looks like traders are doing the correct thing and trying to short resistance.

[00:09:40]However, in this case, since everyone's finally doing that, because it's been about six or seven months where retail has loved longing, getting FOMO into resistance, this is the one time where they've kind of changed their tune. And generally speaking, when we see the market short heavy, where we see the majority of the market in shorts, that's where we get our actual sustainable rallies, right? Whereas when the market is uh when we see retail is longheavy, when longs are the majority here at the top of the indicator, that's where we have that sustainable downtrend, right?

[00:10:13]Where retail is willing to FOMO and basically buy every dip, buy into resistance, trying to buy breakouts, all that sort of thing. As long as that opium is alive, that gives fuel for the fire for market makers to push the price to the downside. Right? So currently, although this could change at any time and I would never trade this indicator on its own, just as far as using it for looking for uh sustainability of a trend and looking for the psychology in a trend, it is great to see that um you know, we do have these shorts continuing to build into this resistance. In my opinion, that's just a a great recipe to give us some sort of a short squeeze to actually finish breaking out and get an actual breakout of this range finally after several months, you guys. Um, at that point, I will be much more aggressive on looking at um longing pullbacks and that sort of thing. I do have a couple of longs open right now, but that's where I'll be more aggressive on the bullish side of things, at least as long as an uptrend holds. Obviously, if we lose a higher low on the 4 hour or something like that, then I'm going to have to uh take caution again. But so far, this is looking great for the bulls in my opinion.

[00:11:24]Um, taking a look at a few altcoins. Let me just catch up on the chat a little bit. Let me know how you guys are feeling in the chat. Let me know how you're feeling about the market. Do you think that we this is a fake out and we're about to hit new lows? Do you think we are about to go parabolic? or do you think that we're just kind of um starting some sort of a healthier bull trend? So, let me know in the comments how you feel. And guys, of course, if you do appreciate my level-headed approach, just looking at charts for what they are, do me a favor, smash up that like button, subscribe to the channel if you haven't. Uh daily rejection just started, maybe it's it's hard to say. Um let me get back to my daily chart. Yeah, I mean to call it a daily rejection, there's nothing suggesting that it really needs to be a rejection at this point. If anything, we saw a pull back to support on the fiveminut.

[00:12:20]So, yeah, it's possible this is the start of the rejection. Um, but it's also very possible that this was just a healthy correction on the five minute chart and that we are going to end up higher. So really, I wouldn't I wouldn't lose too much faith in the bulls at this point, unless we end up dropping right back down out of this red box. Basically dropping back below 79.3K, for example, would be a good start for the bears to uh basically have some sort of a confident rejection here at all. But currently, I I don't see any reason to um jump the gun and think that this has to be a rejection at this point.

[00:13:00]possible, yes. But does it have to be? I don't know. There's um the bulls have still had a lot of strength recently.

[00:13:08]And with retail still willing to be shorth, I don't know how long that correction to the downside's actually going to last. I don't know if it's going to be an actual rejection or just uh just a bit of a correction, right? So um taking a look at Ethereum we did uh so first of all looking at the Oracle Pro+ indicator there was this buy signal we did have support on this for quite some time I have been loving this indicator lately especially on the longer time frames like this but even the shorter time frames um but just really using it to see the stronger trend and looking at let's say for example the buy signals when we have uh both of these oracles below us both of these support levels below us that's great confluence to have right so uh before I was even warning about this uh without the indicator just the basic price action even when we ended up uh basically setting this lower low here I had warned that it's very possible that we end up coming back up and retesting resistance so at this point that is all we've done so far we came back up after setting a lower low we retested resistance right this is the lower high on the trend just because low lower low highest point between the Um, but again, I think it'll largely depend what Bitcoin does and as long as the market is willing to be short heavy, that's where I think that would give us the rocket fuel required to actually break through some of these serious resistance levels. So, so far, uh, nice to see some altcoins climbing, just some signs of strength. Salana, very much the same thing, right? I was warning about this in my last stream. I think we were kind of trading somewhere in here. Um, basically actually no, we would have been trading somewhere in here because I I remember specifically saying with the Oracle Pro+ indicator that uh it was flipping from red to gray. So, it was looking a little bit neutral at the time and the fact that we were trading above it, I was hoping to see that turn into support. And now I actually don't have a position open on Salona as well as far as leverage anyways. Um, but it is nice to see that we found that support and it did end up pushing us. And look at that.

[00:15:14]We're getting very close to my next uh basically the resistance level the exact same how it looks on Ethereum, right?

[00:15:20]So, I still kind of expect it to end up hitting that. Maybe it gets front run a little bit, but honestly at this point, even the fact that we have that support from the indicator below us with that buy signal again, if the market is going to pump, specifically if Bitcoin is going to pump or even trade sideways and be healthy, uh, rather than just seeing a sharp correction, a sh a sharp sell-off kind of spook in the market, if the price of Bitcoin can either climb higher or just kind of consolidate sideways in a healthy manner, I think that would be a great sign for the altcoins And something like Solana would be no different. I would assume that it would continue climbing from there. Hype is one. I had mentioned this fib uh in my last stream. The fact that we were basically holding um so one the again the Oracle Pro+ indicator we ended up flipping it back to green and we were holding above it.

[00:16:13]And as well just looking at the micro structure, right? The fact that we had this little pause here. So there's our high, higher high, confirmed higher low on the micro trend. And notice where we ended up finding support on our next push to the downside. We even ended up getting another one technically because uh we would have this high, this higher high, therefore confirmed higher low on the trend. And if we were to uh pull a stubber fib, something like that from our new higher low to our new higher high, notice we came down, basically tested the 886 perfectly. So, at this point, I still have a nice long running on Hype. I think I only have about 30% of this guy still running. Um, but absolutely crushing it. I had to take some more profits uh this afternoon just because just like Ethereum, just like what I was looking for with Solana, the fact that it's not so much that I'm bearish, but I am always willing to take profits on a long position if we are testing potential resistance, right?

[00:17:14]Rather than waiting to see what happens and see if we end up pulling back and getting stopped at break even or whatever, I'd rather just lock in some profits at a good profit locking level basically, right? So, uh, beautiful position running on hype right now. Pepe is one that I'm very interested in. I want to keep a close eye on this. I have taken just a kind of a couple scalps more than anything. But um I am looking for hoping to catch a nice runner on Pepe just because a lot of altcoins and specifically meme coins are starting to look quite strong. So to see this 4hour Oracle Pro Plus indicator, you know, getting a bullish cross and basically just consolidating sideways above the support of this indicator. Um, that's great confluence for me to suggest that there is some strength here. Even at this point, the fact that we did end up pushing a little bit higher here. Notice I have this yellow block here. This would be my order block. Basically, um, the most recent red candle that we had on our push to the downside before ending up going higher and setting new highs here. Um so basically just a level of interest for me that that's kind of where the bears made their last stand and bulls were able to invalidate uh the bears and push higher. So it is a level of interest a very strong level of support for me. So uh nice to see just again just another sign of strength. If we end up losing that then we have indicator support as well. So things looking quite good there in my opinion.

[00:18:46]Doge this is one I should really keep a closer eye on this one. Um you guys know in my last stream I was talking about the fact that this stuber fib did obviously play out but now it's nice to see that once again this indicator is also providing support. So even if we end up coming down to the downside, at least we have this indicator both uh both of these green levels, these oracles uh on or the reactors on the oracle indicator, [cough] the fact that they are both green, they're both curling to the upside.

[00:19:19]They're in the we got a bullish cross down here. You know, everything's looking good. There's some nice momentum building there. And as I was talking about, meme coins aren't looking so bad right now. And being Doge is kind of the the king of the meme coins at this point. Anyways, um obviously there's some strength there and I'd be interested in catching a runner on that.

[00:19:38]So, I'm going to try and watch this one a little bit closer as well moving forward. Um just looking at the current structure that we have. Obviously, we have this high and we have broke it with a higher high. So, we have a new confirmed higher low on the 4hour trend.

[00:19:54]So, that would be sitting right about here.

[00:19:58]um at about 0.1086 approximately. I would love to see us end up staying above that. I usually give a little wiggle room like if we do end up pulling back and getting that retest for something that I figure would be a longable situation. Um I would also leave a little extra wiggle room and to find that I would basically pull a fib something like this because I always like to leave a little room past my 115 fib basically. But yeah, that one's looking quite good. I'm going to have to start watching that one on the shorter time frames on the fivem minute. The fact that we've lost this uh this support level on the fivem minute. Um I just have a little bit of concern. So I wouldn't want to really long into it right now. I'm not going to be um real trigger happy on altcoins at this point, right? while Bitcoin's trading at resistance. But um yeah, if there's anything more obvious specifically going down to 4hour support, for example, I would love to get into some longs on something like that.

[00:20:59]Last but not least, for I will go through the questions real quickly soon.

[00:21:04]Um Trollcoin still doing good in my opinion. Um showing a little I wouldn't even call that weakness, more of just a healthy correction because this thing went absolutely nuts. the other day. I think we had about 120% day to the upside the other day, just a couple days ago. Um, so as well with this, right, Troll could pull back significantly even from where we're at right now.

[00:21:29]Technically, we could pull back. We could literally cut the price in half and just because of how volatile this daily range is, that would still be healthy market structure, right? So, that's the thing with meme coins, you guys. They can be very dangerous. They are very volatile, especially when they have low caps like this. There's something like a $42 million market cap on this guy. But just understand that just because a number goes down doesn't necessarily mean it's unhealthy, right?

[00:21:56]As long as the structure remains. And unfortunately, in a case like this, there can be some very serious corrections um while still being very healthy in my opinion. So that's another one I would love to DCA a little bit more if we end up hitting that.

[00:22:10]Basically, that's what I'm doing now.

[00:22:12]Since we broke the downtrend, as long as we have a trend to the upside, I am going to be looking to DCA every time we get a pullback to my stubber fibs, basically.

[00:22:22]Um, gap closed on the CME, I believe.

[00:22:26]Now, I actually haven't checked the uh Bitcoin CME chart, but I'm pretty sure there's another gap at about 84K. I'm pretty sure there's one higher that we have not um not filled yet.

[00:22:39]Um, looking at Bitcoin back to the five minutes. Somebody mentioned that we lost Micro Structure.

[00:22:47]Um, that's a tough one.

[00:22:54]Technically, I mean, this wasn't a close above, so it's not as obvious, but yeah, technically there could be that micro micro low uh that or micro higher low that was broken as well. But yeah, again, as far as more so the midterm, I'm not all too worried yet. I still think that even something like this, I wouldn't be overly interested in shorting this quite yet.

[00:23:23]Especially the fact that the 1 hour hasn't really lost structure yet. Just a little wick below at this point. Would it have even broken the 115?

[00:23:33]Basically right on it. So yeah, it's too close for me to make a make a confident call on that because realistically that should be something like that. Yeah, basically tested right to my fake out zone perfectly. So yeah, at this point I wouldn't want to short into support just in case. Yeah, it's absolutely possible that that support breaks, but um I don't like shorting into into support just like I don't overly like longing into resistance.

[00:24:10]But yeah, there there is that little sign of weakness. I just uh there's still quite a bit of strength on the midterm and even the short term. Um we're going to have to see how long this actually lasts. Maybe if we saw a pullback up here and we had a bearish divergence on the RSI or something like that. Sure, maybe at that point could ladder into uh some sort of a short position. Just looking for that riskreward because if you could get your average entry somewhere up near the top of the red box, obviously there'd be a nice tight invalidation for that potential monster move if there is that big rejection. But honestly, just again going back to the long short indicator, I have a hard time shorting against that right now or joining retail and uh wanting to short the out of this.

[00:24:59]It's uh right now I'd rather wait for some confirmations there just especially because I have a couple of nice long positions running at this point. I really don't have FOMO in this level because as I've been preaching for about 3 weeks now, I still think we are in a very dangerous zone. And that goes for the bulls and the bears. Anytime I can get into a nice uh basically a scalp position that turns into a nice runner like the long that I took. Um you know, I would like to let that run if possible. Also, the fact is if we do end up getting a nasty rejection here and I end up missing it, I still have a chunk of my short running from 89.9K from well back in January was it? I think it was January when I ended up um taking that position.

[00:25:47]Yeah, end of January. So, yeah, still have it's just a small chunk, but I still do have some short exposure if the floor ends up dropping below us.

[00:25:59]Um do I trade alt altcoins versus BTC like FBTC, hype BTC, etc.? No, I generally use uh USDT.

[00:26:10]Um sometimes in a bull market I will switch over to the altcoin versus BTC, but being we even at this point, even though we've been bullish for a couple of months, um as far as the shorter time frame, I still wouldn't refer to that as a bull market. So, I haven't really entertained that idea recently.

[00:26:32]Um, Zcash. Sure, I can take a look at Zcash for one last one here.

[00:26:41]This is one I haven't looked at for a little while. So, woo, big pump. Big pump.

[00:26:51]I have not looked at this one in quite some time.

[00:26:55]I'm just going to erase all my drawings and take away my indicators.

[00:27:00]Oo, as far as the daily, that structure is very far away, even looking at the 4 hour. So, the unfortunate part about this is, yeah, obviously we're in a very nice down or uptrend rather. Um, we broke the downtrend right here actually because here we had a low, we had a lower low, lower low. There's a bunch of micro lower lows here. Technically, this would have been the last one and we ended up breaking that. And you can actually see what ended up happening right after that beautiful stubber entry. Unfortunately, I was not following this one. Um, but a beautiful move off a nice market reversal signal there.

[00:27:37]As far as the current trend that it's in, um, unfortunately, it's a volatile one. Again, if you're looking for long positions, the invalidation is quite a ways away. Invalidation is what, what's that? 25% away. $100. Yeah, basically 20% to the downside would be a healthy correction on this just because there's that uh support, the immediate support on the 4 hour. Then if we lose that, I mean, there's the always the possibility that we go right back down to the bottom of the previous range and then from there basically I'd start looking at targeting where the move began kind of a thing. But um yeah, for now still in a beautiful uptrend. As long as it holds the uh micro structure to the upside and continues staircasing higher like that.

[00:28:24]Um then real really no concerns other than the fact that it's extremely volatile because if someone wants to FOMO into a long now thinking that hey this is bullish, we're in an uptrend.

[00:28:35]Just understand that your invalidation is over 20% away. So throw some leverage into that and it can be uh quite risky obviously. So, be careful with that.

[00:28:45]But, um, yeah. Anyways, guys, I think that's about all I wanted to go over today. Actually ran a little bit long here. So, uh, one last time, if you guys do appreciate these market updates, please do me a favor, hit that like button, subscribe to the channel if you haven't. And just a reminder for those of you interested in joining my private Telegram channel. Blowofin is currently offering this special deposit bonus promo for new and existing members. So, scan the QR code for more of my thoughts on the markets in general. And with that, I'm out. Stay safe, my friends.

[00:29:20]Thank you so much for watching. Once again, have a fantastic rest of your day. Peace out.