Bitcoin Bearish Divergence CONFIRMED

本站添加: 2026-05-07

[00:00:00]Hey guys, welcome back to the daily crypto market update. BTC confirmed a TBT bearish divergence on Wednesday's candle close.

[00:00:11]Boom. That's that's literally what I've been waiting for to see. There it is.

[00:00:17]Like this is this is it. It wasn't enough just to see the total ES1.

[00:00:21]Although that confirmed it for the market, but now seeing it for BTC, it seals the deal in my opinion. Plus, Bitcoin pierced or went just below the TBFS line. Not a dealbreaker at all, but this is no bueno. I mean, if you're a bull, if you're a bear, and you're expecting prices to go lower, like I've been saying for a while, this is what we've been waiting for. We saw the same thing print over here in our deja vu quote unquote pattern. Uh, here we go.

[00:00:47]So, if we're looking at our draw down from the top in November to this pullback of 52%, we have a TBT bearish divergence that printed. Guess what we see now? We see literally the same exact thing. It's the same picture. The same picture.

[00:01:05]So, because we got that TBD bearish divergence, yes, I am expecting Bitcoin to not only go down to 60K, not only to go down to 49K, I'm actually expecting it to go down all the way to $38,555 over the next two months. I actually um filmed a video for Sunday in advance because I don't film these videos on Sunday. I got to take a day off and that's my day of rest. Um that explains and goes over in depth on the better crypto calendar. It's calendar.goo or Google calendar.the bettertraders.com.

[00:01:38]But um I explain where Bitcoin could be going lower. And what's insane is that those targets that I have on the chart that I show you every single time, these artificial support targets, they're actually validated by the previous by the 2018 and the 2022 bare markets. So, it's going to blow your mind. I'm not going to get into it because I already spent a lot of time filming that video yesterday and preparing for it. you'll see it on Sunday, but if you're in the club, you already saw it yesterday. Oh, and by the way, RSI on Wednesday fell down and it respected or kind of sort of tested support. But I think there's a bigger thing to discuss with you guys first before I go on.

[00:02:19]The actual two best punk rock albums, at least of my childhood, absolutely Lag Wagon Hos, fantastic album, and how could you ever forget Strung Outs Suburban Teenage Wasteland Blues. I know that's an aside, but for all of you that like punk rock, I mean, these were the albums I listened to literally on repeat forever. I know I said Blink182, Blink182 is okay. Enma the State was my favorite album, even though it's the best produced one. It's like the most commercial or poppy one, but it was really good. But as far as punk rock goes, yes, fat records. I was a fat fat records kid. Okay. Anyway, uh some of you are like, "What?" It's okay. Just listen to the music. It's really good.

[00:02:58]Okay. I mean, if you like that kind of stuff. So, let's keep pushing on. So, Ethereum has not printed a TBT bearish divergence on the daily time frame. On the 4hour time frame, it had this closed long and it got pierced. So, why is it pink, which means it's bearish? Well, RSI closed on Wednesday below support.

[00:03:18]This is what we've been waiting for.

[00:03:19]Now, we're seeing our lower highs and lower lows. This is perfect. This is what I've been waiting for. And more importantly, Ethereum closed way below the fast line.

[00:03:30]Next stop below the cloud, which means that we used to be in bullish consolidation, except it's losing, it's failing, it's going to go back to strong bearish, and it's going to go a lot lower. Also, keep in mind, onbalance volume is starting to do the top of the roller coaster thing. Yay! This is so fun. Uh-oh. Until finally this happens, which means that onbalance volume is going to be going a lot lower. So, again, these are two big signs. And check out the volume yesterday. Not a massive amount of volume, but it did exceed the moving average with a red candle. Okay, Bitcoin dominance continues to just hold at about 60.5%, which is pretty impressive to be honest.

[00:04:06]But the bigger thing right here is that's right, stable coin dominance, which we need to keep an eye on. It actually put in a higher high kind of sort of at least locally a higher high on Wednesday at Oh, and I forgot I was hiding all this stuff.

[00:04:22]um at 58.24.

[00:04:25]So maybe we see a little bit of a move for BTC. Maybe. But again, keep in mind, we already have our confirmed TBT bullish divergence here on an uptrend, which yes, is the same thing that happened four years ago. We saw a pullback after a big explosive move here. We saw TBT bullish aversions in April 2022. And then this started a massive uptrend, which means that there was a massive pullback. We even saw another one over here in August 2022, which meant that we were not done yet.

[00:04:56]So, this is our first TBT bullish reversions since August 2025. But more importantly, because this is printing on a strong bullish TBL slow line, which is pointing up, that means that we're most likely going to see this continue to push up. And again, I am still expecting stable coin dominance to at least hit 13%. That should be easy. If anything, we could go up a lot higher to like 17 or 18% this time around. We'll just have to see how things go. Totally. Yes. We know that it confirmed a TBT bearish divergence on Tuesday's candle yesterday. Kind of a Darth Maul candle, but not that much. But just upper wick, lower wick, and basically it's a dogee as it goes down. But more importantly, the price or the chart closed below the fast line. So, we're most likely going to see something like this happen that we saw back in March where we we mess with the fast line, we go lower again. I do think we're going a lot lower across the board. Now, RSI for total ES also broke support yesterday. Remember this spaghetti support line that was already broken back um 10 days ago on the 19th of April. So now that that has been broken, which is why we do these spaghetti sport lines and the hard uncooked spaghetti line here has been pierced, there's a really good chance that totally S is going lower, which means everything's going lower. Keep in mind, by the way, that the last time, the last few times during bare markets that we've seen um totally come up on the weekly time frame to tag the fast line, it gets tested and rejected. And guess what happened? one, two, three weeks in a row testing and getting rejected at that weekly fast line, which means we're most likely going lower. It It's okay. I could be wrong, but the data speaks for itself and the history speaks for itself. It's pretty clear in my opinion. All right, Tradfi.

[00:06:54]Now, the FOMC meeting came through.

[00:06:56]Everyone is so sad to see Jerome Pal go.

[00:06:58]Everyone is so excited to see this new Worsh guy take the seat. The truth, though, is that it's really interesting.

[00:07:04]I saw someone else uh share a chart on X like commenting where I made the video or posted it um on X yesterday saying that yes like there is data to prove that every single uh Fed chair that takes the seat whether it's Janet Yellen or Jerome Pal when they take uh the Fed chair usually the market drops which is really really interesting. Uh, more importantly though, there's a lot of stuff that's happened in Tradfi that should make you very uneasy if you're a bull. First off, the Dixie closed above short-term overhead resistance. There's a big difference between short-term and long-term resistance. The amount of time in between these tests and stuff for a short-term move, a short-term resistance move, isn't as major as long-term um resistance or support, but it's still a big deal. We have one day now closed above this level and we're on day two above it. We're definitely slated to go up and close the gap here at 99.516 for the Dixie. And if the Dixie goes up higher, that will put more pressure not only on Tradfy indices, but also other currency pairs. We'll get to that in a second. So, right now, um, if we see that gap get closed, that means that the Dixie is going to move up about 65%. Not that big a deal except for the fact that USD JPY pumped yesterday which actually mean that it means that actually the yen dumped which is bad. It actually made a new local low. The low here is at 0.006232 lower than here on the 30th of March at 0.006234 just slightly lower. Now this could be like a bounce that happens here or a rejection up here. And to be honest, we also just saw RSI flip to be overbought on Wednesday and now it's back to being below overbought levels. It's true. Um, but this should make you concerned knowing that the Dixie still has to move about 65% higher. And as I've said before, if we see the Dixie close green, that's a guarantee that we're going to see USD JPY go up higher. And notice the adverse reaction. The Dixie moved up 39%. USD JPY moved up 0.52%.

[00:09:24]If this goes up to 160.5 or 161, god forbid, the Bank of Japan's hand will be forced to sell uh US bonds and US dollars to prop up the yen, which will cause a repeat of what happened back in uh 2024 in August.

[00:09:45]We'll go back over here or rather July right over here. So on the 11th of July we saw the first intervention from the bank of Japan where in one day week to week down 2.76% but from 161 all the way down here 17 bars later a month later down 12% but ultimately down a little over two months later down 14%.

[00:10:09]That's what's going to happen next. Now this is actually a very positive thing for Japan. Unfortunately, it does send a very negative signal and message not only to Bitcoin but also to tradi stocks in the United States. So again, I am still watching S&P futures in disbelief here as it chops sideways. We have a confirmed TBO breakout cluster.

[00:10:34]Yesterday closed just slightly red.

[00:10:35]We're back up to being green again, but the main thing I'm watching is RSI putting in significantly lower highs.

[00:10:40]Now, it could still push a lot higher.

[00:10:43]it could actually break out. There is that very real possibility. I'm just still looking at things going like, "No, come on. This is so fake. Fake news.

[00:10:53]Fake news." Um, and the other thing to consider as well is we still have these massive lower gaps that are open, not just for the S&P chart, which is the spot S&P uh chart, but also for Dow Jones, which did it actually get filled?

[00:11:08]Nope. Sorry. Sorry. Uh, so we have that one to get filled. We also have this one here. I have to zoom in. Super annoying.

[00:11:17]Here we go. So ultimately we're waiting for the Dow Jones to fall down a lot lower to all the way down here like 46,729.

[00:11:27]So another 4% lower. See how RSI is starting to look really weak for the NASDAQ. Um, it had a little bit of a a gap there. It got filled already um on Wednesday's close, but we still have these gaps again going all the way down here another 10 or 11%.

[00:11:44]The fang index continues to chop sideways while RSI is going lower. Not good. The VIX pushed up just a little bit. Uh 5% isn't that big a deal, but it still has this gap up here. I don't really I haven't done a lot of research to figure out and look at the chart to see do these gaps get filled every single time. I don't really know, but I think that we will see a a big pop here on the VIX. Now, the NIK um has been showing us that it's trying to push up higher and hard, you know, making new all-time highs and actually technically did last uh sorry, on Monday this week at 60,970, but RSI has been putting in lower highs.

[00:12:28]So, if we're seeing higher highs on the chart and lower highs on RSI, that's bearish divergence. Even though it's technically strong bullish with the TBO, which means it should be going up higher and the slow line is super bullish. Even though onbalance volume is very very bullish, it's just the threat of the yen weakening over and over that just keeps stifling this rally in my opinion. Now, did we see a bearish reaction reaction?

[00:12:55]Good grief. uh when the bank of Japan had to intervene with um the Nikkeay.

[00:13:01]Yes, look July 11th we saw the next day the 12th it dropped the Nikk dropped about 3% but ultimately it plunged and plummeted 24 days later or 15 bars later 28%.

[00:13:16]If the Bank of Japan actually has an intervention the NIK crashing will trigger the S&P crashing which will trigger uh Bitcoin and everything else to crash. This is actually one of the things that could put BTC down a lot lower over the next couple of months to come. What else is really interesting is that WTI, which is US crude oil, pumped all the way up to 110.926.

[00:13:48]Congrats everybody if you took a long on that and you made some profit. I didn't open up a long. I've been too busy making content and doing stuff for the club and also working with Betty uh my open clawbot. So, no, I didn't take a long. If you did though and you made profit, let me know in the comment section down below. That's fantastic.

[00:14:03]Congratulations. It closed the gap. So, because it's a big overreacting overreaction, I do expect now this gap. I'm going to leave it there because actually I have to do an analysis later to a write up for it. But we went overbought on RSI.

[00:14:18]Actually, it's a higher local high.

[00:14:20]Okay, we went to 73.92, which is higher than what we got in April 6th. Okay, unbalanced volume's bullish. Volume kind of shot up. Cool. But it's a pretty big move, a 1day move of 8.5%. So, most likely we're going to see it retrace back down to the fast line, which is currently at 98.93. Again, charts are just going to oscillate, but that fast line is always going to be the first touch. So, now we're looking at US crude oil or the WTI chart overextended in a bullish sense from the fast line. So, it makes sense for it to have a slight pullback, especially because it's filled that gap, which was that requirement that I had for a bit there. Now, looking at the weekly chart, check it out. We have a really good recovery here for WTI. And look at RSI. It's not even above 70. So, most likely the chart is done. It's going to cool off. It's going to keep chop consolidating, but we're most likely not going to see higher highs in my opinion. Most likely it's it's done. It's fulfilled that requirement. Gold has now pulled back all the way to the slow line again.

[00:15:23]I don't know what this is, but chef's kiss. Well, why two hands? Do chefs do that with two hands or I thought it was just one hand. And why is it only one hand? Why not two? Wouldn't two be better? I think two would be better. At least that's what I think.

[00:15:39]So, gold hit my not my requirement but my predicted target of the bottom of the fast sorry the slow line and RSI had a really wimpy bullish RSI reset. What is that? Well, that is when this orange line, which is the relative strength index, which I always use a length of seven for people that are wondering, when it goes and it closes below 25, which is my oversold uh threshold, and then it crosses back above. So, when it crosses up that level, that is a bullish RSI reset. This is actually a very conservative entry.

[00:16:16]So, if you're looking for a new entry on gold, this would be it right here. Um, I'm not personally doing anything with gold right now. It's just going to keep chop chop chopping. Um, nothing else is really happening with it either. If anything, it's just weak. Look at RSI on the weekly time frame. It only moved up to what last week up to 54.6.

[00:16:35]So, it it's looking pretty rough right now to be honest. On balance volume, the moving average is insanely strong bullish, but on balance volume itself, the blue line crossing up and down, it's just it's just choppy, that's all. But I think inevitably we will see gold move up higher. Now silver also took a lower drop. It didn't reach the bottom of the cloud. My target at like what 69 something like that yesterday or wait no I can tell you 69.90. Today it's at 70. I I think that's going to happen.

[00:17:06]Note that silver didn't necessarily go oversold here. I think it will though and then we see it push up higher again.

[00:17:12]It's just going to keep oscillating back and forth. Now I have a lot of coins that I want to share with you in today's video. Before I get to that, I want to make sure that you guys don't miss out on our 50% off sale for the better traders uh the yearly club trader membership. That's a mouthful and a half word salad much. Um so the club, the better traders club is where I share a lot of stuff with you guys. a lot of signals, alerts, um, information, resources, uh, all of the YouTube previews for Sunday videos, which are deeper dives usually, or they they veer off the path of like the normal daily crypto market update, but I share all that stuff with you guys first. So, if you're going to take advantage of this, you have to get the 15 minutes to financial freedom course to get the 50% off discount for the yearly club sub. Um, so just letting you know about that. Also, uh, make sure that you check out the TBO. The TBO indicator is awesome because um it shows you the strength of the trend. It shows you support and resistance breakouts, breakdowns. We're going to look at that a lot more in this video, especially with alts. Um but you already saw it in action with with uh oil, with gold, with a lot of other charts, with BTC. Um so you can grab it on sale right now for $37 a month through the link down below.

[00:18:26]And also check out the better traders journal which is the most effective way to help you stick to your trading plan and become a disciplined trader. That is the worst MC voice ever. And I think that's how I should do all of our commercials from now on. I think that's just I'm going to use AI to clone my voice so I don't roast it. And I'll just do a voice a voice over like this. And all of our all of our commercials will use that. I like that idea a lot actually. You can grab your own Better Traders Journal. That's a physical copy instead of a PDF copy that's included for free in the courses that we have through Amazon and you can have it shipped to your house. And if you like it, you use it, you enjoy it, consider leaving us a review. Also, check out Kraken. Speaking of Kraken, I do have TBT signals running on Kraken. Now, I just had two positions close and profit for SHIB here that I'm running with the signals to accumulate uh what's it called? Inc points. So cool. Uh, making money using these automated trading signals, which is fantastic. So, I got one here that just closed for SHIB. I have another one here that's open on Litecoin. Just waiting for this. And this is exactly how it's supposed to work. Um, just showing you guys real quick. So, I have my buy order here. It bought the dip here. It has another order down here just in case the price goes lower. And then it sells the bounce. Perfect. That's exactly what it's supposed to do.

[00:19:48]So, you can learn more about those through the courses, but of course, you'll need to have an exchange to trade on. So, use the link down below to sign up for Kraken and definitely start learning about the ink points and all that fun stuff to start accumulating.

[00:20:02]Also, check out Tubbit where you can sign up and trade to earn over 15,000 USDT with the link down below. Cool. So, we're going to get back into my picks for the day. Uh, if you guys have coins that you want me to consider um analyzing or reviewing in these videos, leave a comment down below. Make sure to use the dollar sign so that way you know it's a cryptocurrency. If it's a stock, write stock. If it's a currency pair, write currency or forex. Um, and if you do that, make sure that you like the video, subscribe if you haven't, and then consider reposting or retweeting or re-sharing these videos to help you reach target of 100,000 subs this year.

[00:20:35]So, we're going to start off first with Doggycoin. Dogecoin actually had a very weird pump yesterday. It's weird because it's Doge and it usually doesn't do very much. Yesterday it had a pump of 292 million versus the average of about 84 million.

[00:20:52]So roughly three a little over three times the average of volume. More importantly though, this is the first time that Doge has pierced or moved to the top of the cloud since it fell back in October on October 10th. So it's a huge achievement for the chart. And on the 4hour time frame, it has some TBO breakouts. Unfortunately, the breakouts are happening on the pump, which is never a good sign of continuation.

[00:21:16]Pi, this one had TBO breakouts over here, pushing up higher. Had a little bit of a response, moving up like 3%. It It had a pullback, a dump um yesterday afternoon on Wednesday.

[00:21:28]It's suspicious to me. And I said yesterday, no, I mean, I I don't think that Pi is going to do what it did over here yesterday. I already made a long speech about why. I'm not going to do that right now. Um, the main thing to watch though for this chart is going to be RSI and it's going to be volume. If volume starts to dwindle and diminish and RSI puts in lower highs and lower lows, then you already know from these videos if you guys were watching every single day, which a lot of you are, which again I'm very thankful for and I just can't understand why. But um, but that will be your cue to either scale out of a long position or to start building a short position. Now, speaking of shorting, because we have this confirmation on BTC of a TB2 bearish divergence, that is a massively bearish signal. Not only that, but also totally ES a day before. So, there are way more bearish opportunities that are going to be presenting themselves. Uh, first off, XRP confirmed a TBO um open short on Wednesday after closing below the cloud lower. Yes, we might see it oscillate back up the tag the fast line, but the reality is that the trend wins in the end. So all these moves that go against the trend, inevitably they get rejected.

[00:22:42]Like back over here in March moving up 20%, it goes all the way back down. More recently here in midappril moves up 12% to a buck 51 and guess what? It fell all the way back down. The trend wins in the end. Memecore. This one closed lower inside of the daily TBO cloud and it is in bearish consolidation which is why it's pink here because it's bearish. Uh World Liberty Financial.

[00:23:09]Oh no.

[00:23:13]Oh no.

[00:23:15]WAIT. I HAVE TO do my Botox shocked face. Ready?

[00:23:21]I know my neighbors aren't there cuz everyone's gone to work and that other neighbor moved out. But if they're here, hopefully I don't.

[00:23:30]Yeah, they will never say anything. Even if they're like, "What's like nando?"

[00:23:36]They will never say anything to me. It's okay. Not because I'm a foreigner, but because you just don't do stuff like that in Japan, which is awesome. So, I can get away with a lot. Sorry, Gai Power. Sorry. Um, anyway, World Liberty Financial dropped 14% yesterday. Oh, no.

[00:23:54]Oh no.

[00:23:56]Oh no.

[00:24:00]Well, that's too bad. Not really, cuz World Liberty Financial is a mess.

[00:24:07]Absolute messy mess. You're not going to get a Dyson vacuum big enough to clean up this mess. It is in price exploration mode, which is actually freefall mode.

[00:24:19]Now, because it put in a lower low on Wednesday at 10.32, most likely it's going to continue to be very oversold. Onbalance volume has been strong bearish ever since the beginning of April. Not going to change anything.

[00:24:36]On the weekly, it's also been strong bearish. On the weekly, it's at 17.64.

[00:24:40]It's going lower now. reality check because it dunked really, really, really hard yesterday.

[00:24:49]The reality is that it's going to snap back. It's probably going to have a pump because people that are jumping into a short position late are going to get wiped out right now. So, if you're shorting the bottom here on the move, you're going to get squeeze to the upside. It pushes up, might actually overcompensate and push up to the fast line. If it does that, that is an entry for a short 100%. Tao. Uh, this one continues to struggle with this long-term support level. If we get rid of the TBO, I mean, you can see it clears clear as day, actually. Look at this. So, it's going to get it's going to get dumped here pretty hard. It's going to overreact and cry like a middle school boy getting dumped from his first girlfriend. Um, it's going to be really messy.

[00:25:34]Jennifer Um near near Jennifer no please take me back Jennifer emotional damage 1,000 Wednesday the low here for near pierced support.

[00:26:10]Oh no.

[00:26:13]Why?

[00:26:15]Why did you do that? Well, price is stalling, price action stalling, volume falling, onbalance volume already dropped below its moving average which is starting the the roller coaster hump thing again. More importantly, RSI has been extremely clear. Lower highs, lower lows, lower highs, lower lows. Okay, so I am inevitably waiting for NER to go near 0.96, which is that TBO support on the daily, but maybe a lot lower. Um, Internet Computer has TBO breakdowns on the 4 hour. It's a really messy chart right now, but the main thing to remember is that it already confirmed a TBO open short on Monday this week.

[00:26:52]It'll most likely go lower. Quant confirmed an open short yesterday. Trump dumped more yesterday.

[00:27:00]Oh no.

[00:27:04]Oh no.

[00:27:10]Oh, how will the industry recover?

[00:27:16]Oh my goodness. But I mean, Trump was the backbone of the crypto industry.

[00:27:23]And again, hindsight is 2020, but how did we all Actually, no, it's not true. Not all.

[00:27:30]When the Trump coin listed, that was it.

[00:27:34]That was the top. January, even though the market technically topped out in October, January was the top. That max extraction event, that was it. So, yeah, it's just going to go lower. Again, it's a memecoin. does nothing except for earn you a a spot at the table with President Trump for a dinner and then it loses its value cuz it does nothing. Absolutely nothing. Um DCR reminds me of UHF.

[00:28:08]What's behind that door? I have to watch that movie. Nothing. Absolutely nothing.

[00:28:14]Stupid. You're so stupid. I think that's how it goes. I haven't seen that movie since I was like 12 years old.

[00:28:23]Maybe last year. No, I really need to watch the movie again. It was awesome.

[00:28:26]DCR sounds like it should be a like a folk rock group from 1987. DCR coming this summer to Louisiana. I I don't know. DCR.

[00:28:46]It's It's just bearish. It's strong bearish. Nothing really to report on going lower, but just letting you know that this bearish downtrend is still intact. It's in price discovery mode. It will inevitably fall down here to 1450.

[00:28:59]Aer Drrome is doing some fun stuff. Uh not only did it print some TBO breakouts, it has printed a third TB2 bearish divergence. Now, this is the part where you got to you really have to stop and look at the chart and go, okay, these are some very clear bearish reversal signs with a very very clear bullish uh TBL line. So, how do we reconcile the two? Now is the point where I favor the TBT bearish divergences, especially when I know that totally s chart printed a TBT bearish divergence two days ago. So, because of that, I look at this and I go, well, this is prime suspect for a short. Now, the reality check of that move too, which is hard, which means that it could actually be a short squeeze opportunity for market makers, it's technically strong bullish because it's above the cloud. Um, when I look at onbalance volume, it's very bullish.

[00:29:49]When I look at volume in general, it's good. It's actually a really strong looking chart. The only negatives around it are is the 4hour time frame which is very early. TBG bearish divergence clusters which are very early but we are seeing on the daily time frame lower highs on RSI which is a clue that we should be seeing it go lower but it could still push up higher believe it or not. Final Fantasy FF printed a third and final TBO breakdown with a 3.61% move and RSI is now oversold. It closed down at 23.4. 846 yesterday. Uh just a couple of updates on charts that have printed some TBO closed longs, which is why all these are Blue Diamonds, which sounds like it should be an Elvis song, doesn't it? Blue Diamonds. I don't know why. Thinking of all this stuff. I think it's all the music I'm listening to recently.

[00:30:43]Moving on from that, don't know what to say next. Uh two TBO clos longs on the 4hour time frame here for hype. Cool.

[00:30:52]waiting for the price to tag the fast line to close them. Um, but I still think that hype's going to be going lower. What's really interesting here is that it's in process of printing a cross down that X. Now, these are really, really, really flimsy signals. I really only pay attention to them on the weekly time frame. They are great for DCA bot triggers. For all of you that are in the Better Traders Club and you've been keeping tabs on my uh DCA bot templates that I produce every single uh month, I almost said year, every single month with the monthly watch lists. Usually, it's the TBO cross down and cross up signals that are amazing DCA bot signals. But in terms of this being a reliable signal, which I don't talk about a lot, which is why it's telling us that we should be expecting like a Uturn or basically like an upside down J move from here. But either way, I'm still expecting Hyperlid to tag and pierce this level of support at 3854 and then go a lot lower. Note that onbalance volume is bearish, too.

[00:31:55]Sky. Um, this one printed a TBO close long after a pretty big dump on Wednesday night. Now, this is a really big overreaction here to Sky and the price, more importantly, has fallen right down to the fast line. This is actually a really good bounce candidate.

[00:32:13]The fact that it didn't close inside on the daily time frame, I would actually expect Sky to pump up at least like four to 5% then go lower. but it also is a strong bullish chart and we've been seeing the same behavior for such a long time. So, this is a nice buy the dip opportunity if you are a DCA trader.

[00:32:30]Render had a really nice uh Darth Maul candle yesterday with wicks on both sides. Um it still hasn't closed the TBO closed long from Monday. It's going to be breaking support here and going a lot lower. Actually, it's confirmed 3 days below this level, but I'm going to leave it on the chart. Um, so the next real support level to watch is right here, which has support exactly at 164. It will go lower again. Three TBO closed longs in that tight or that close of proximity on that cluster is a massively bearish signal. Adam um has these two tibial closed longs on the 4 hour just like it did back over here and it shot up higher. The only difference now is that I mean we saw the price pierce above the cloud which is a good reversal point. When we see prices reach the top of the cloud, it's usually where we take a risk either to um well, it's not a risk takingaking profit, but if we're in a long position and the price pushes up that high to the top of the cloud, that's a good exit opportunity or at least to take some partial profits. But if you're shorting, looking for a short opportunity, right there at the top of the cloud is where you do it. So, it's it's still looking good. It's bearish and more importantly, it's losing spaghetti support. So most likely I am going to be falling lower. Stable has printed a TBT bearish diversions cluster confirming the cluster yesterday afternoon and opening up a TBO closed long early early this morning.

[00:33:57]Um Monad has not closed its TBO closed long. Opened up on Tuesday, but check out the price action on this baby. Look at that. Look at this cabbage patch.

[00:34:12]Look at this gloworm. Now, now I'm dating myself.

[00:34:18]The lower wick on actually I'm going to use this tool. The lower wick on let's stay at 0.02509 with uh the 382 fib level at 0.02513.

[00:34:31]It's most likely going to shoot up here.

[00:34:34]It looks like it's dancing around these um Fibonacci retracement levels. Look at this glow word. I've never said that before in my life and I'm going to say it as much as I possibly can from now on forever. Um, it's just bearish. Chili is now strong bearish on the 4 hour. TBO closed long from Tuesday. It almost tagged the fast line yesterday afternoon. Closed, but no cigar. And it's going lower. It's too bad. Pump living up to its name. Literal pump and dump.

[00:35:14]So poetic.

[00:35:16]Morpho continues to defy gravity and wicked up into tubio resistance yet again yesterday. This chart is a ticking time bomb.

[00:35:27]I don't think it's going to pump to be honest. I think morpho is going to crash hard but I don't know. I really don't know when, but inevitably it will fall.

[00:35:37]Anytime price action is just stalling like this and doing nothing, it's bearish. It's indecision. H this one shot up a lot on Tuesday at like 28%.

[00:35:47]Yesterday printed a dogee up top. A dogee doge. Okay. Or do a dodgy a dodgy dogee.

[00:35:57]Dogee.

[00:35:59]So now that it's printed a dogee on Wednesday, I'm expecting it to actually retrace back down. It is really overextended. It's bullishly overextended from the fast line which is at 13. Now on to your picks are pirate chain best ticker ever. Now again this is like the bullish um for all of you bullish optimists out there. It's printed two TBO closed shorts in the last seven candles, which is really good. And before that, two TBT, sorry, it has two TBT bullish divergence clusters, which are really just TBT bullish divergences, but I I change the signals if there's more than certain number printing within a certain number of candles.

[00:36:44]This is a bullish entry if you're really excited about it. I am not. I think it's going to be going lower. But to its credit, these TBO closed shorts um invalidate the TBO breakdowns from back in late March. So, we could actually see our pump because other memes right now are actually pumping like Zerbro. I'm going out of order, but it's okay. I am shocked at Zerbro pumping up yesterday 38 and a half%.

[00:37:14]Nah, come on. That's so lame. From April like up 300% this month. Okay, cool, bro. But it's a rebro. It's just a meme.

[00:37:26]Okay, good job. Now, RSI, just keep in mind, um the the high to beat is from the 17th of April, 88.35. It's currently at 85.62, which is incredible. But every single high on the chart has basically matched up with a lower high on RSI. It's a ticking time bomb. But the problem with charts like these is that everyone is wanting to short charts like this, which is what helps to push it up higher because if short squeeze liquidation cascades to the upside.

[00:38:00]So this is why I don't really advise shorting charts like this. It's actually better to go with the trend. Even though the signs are very clear that it's it's showing bearish divergence, it doesn't make sense to fight against the trend.

[00:38:12]Um, will I do I think it's going to last forever? No. No. No. No. No. No. But right now, this is like the fun part of the movie. This is actually the um in a movie analogy right here. This is like the training montage for a karate movie where there's like upbeat music and everyone's smiling, they're working hard, they're seeing results, and then they actually get into the ring with the big boss. And this is where they go and they get absolutely destroyed. Okay, it's a story arc. It literally is a story arc if you think about it that way.

[00:38:49]FOH um is in bullish consolidation. Had a little bit of a pullback of 10%. It keeps retracing back to the fast line and pumping up higher over and over. So this is actually a bullish opportunity to grab an entry on FO if you are bullish which I am not looking to do that. But again low cap coins you can afford to be a little bit crazy because these small cap coins typically ignore whatever's happening with BTC. Now does that mean that it will be immune to what has printed on totally yes earlier this week? No. No. No. No. No. it will follow. But for now, it's doing its own thing, which is cool. Good job. Hooray.

[00:39:26]Um, Linky. Oops. Sorry.

[00:39:29]Link. Link. Wake up. Um, it's been a while since I played Breath of the Wild.

[00:39:36]It'd be kind of fun to replay it again, wouldn't it? No, it wouldn't. It No. Now, this is Chain Link on Binos.

[00:39:46]Look at volume. Over the last several days, volume has just been falling lower and lower. Now, Chainlink is one of these projects that it has utility, it has purpose, it has connection, it actually does something. It's so sad. I feel like it's so unfair to see Chain Link looking so bearish. But then again, chainlink has just massively underperformed this cycle when when charts like this print um or rather when they're listed at the right possible time and like it just catches the right leg. I mean, yeah, they're going to go crazy during a bull market.

[00:40:22]But really, it just massively underperformed only like 400%. Very similar actually to Ethereum's performance, which is really sad. And the worst part about this is that if my if my calculations are correct, then Bitcoin falling down another 53% or whatever, we should expect Link to go and actually exceed that, which would put Link down to like three bucks, which is really really rough.

[00:40:50]So, it it's a very very bearish chart.

[00:40:54]it it's it's pretty bad um in terms of like the bearish potential. So, there's a good reason for it to bounce over here based off these spikes that we saw in February and March 2020 and the low here. Cool. That could be actually a support level, but the problem is that it's only like a 47% draw down.

[00:41:14]Usually, charts will exaggerate whatever Bitcoin does. So, Bitcoin is slated to fall down a whole lot more. link could fall down easily fall down to maybe this pivot level, but it's a very very very weak level. Honestly, down here would make way more sense at a buck 50 buck 47, but that would crush absolutely crush link.

[00:41:40]I don't think Sergey would like that very much to be honest. No one's going to like it, but is what it is, man.

[00:41:46]Just keep shipping, just keep working, building, all that fun stuff, right? Um, aliens on WEAX.

[00:41:53]Okay. Very, very risky. Actually, there was another chart that was wrapped ether over here, but the volume is just absurdly low. Um, and I don't even know if it's the same. It's not really even the same price at all. Not even close.

[00:42:09]Um, so I don't even know which one to believe.

[00:42:13]Get it? Because the ticker is aliens are real. Moving on. I don't really I have no comment on it. so bad. No. Um, Onyxcoin had that amazing mega pump over the weekend. Oh, I'm sorry. On Monday this week. It's Wow. Time flies when you're having fun doing nothing, right?

[00:42:32]Well, just like every other pump that Onyxcoin has printed, this one will retrace. It will not be unique. It will not change anything in the trajectory of Onyx Coin's future. It will go lower.

[00:42:45]Tron uh is still in bearish consolidation mode which means that the price has fallen inside of the cloud. It stays there and it is staying there and it will stay there. It will actually go lower but the slow lines moving up. RSI looks like it wants to put in a a lower high but onbalance volume is very very bearish and it actually has been for quite a while which is wild. Onbalance volume has actually technically been bearish since Wednesday, which is weird because it's only been pumping since then, but pay attention. Onbalance volume tells you what's really happening behind the scenes. A cash network had a pretty good close up 5% yesterday. It's back to being strong, bullish. Hooray.

[00:43:26]Amazing.

[00:43:28]Um, very skeptical of this chart still though. I don't really think it has longevity at all. But because it's a micro cap again, 30-day moving average down to 8 $118,000 per day and falling going lower, it it could actually pump totally ignoring what's happening in the market.

[00:43:48]Orca, someone is asking, could this be another escape hatch coin?

[00:43:52]Maybe. Um, an escape hatch coin though shouldn't be putting in lower highs like this. It It looks like it's being propped up. Most likely what's going to happen is it's gonna go it's going to get squished.

[00:44:06]It's going to get wailed all the way down there uh back to 93 cents inevitably. Volume is falling down. RSI is crazy overbought on this chart. Uh lots of volume going into it, but the chart is also consistently just pumped and dumped, pumped and dumped, pumped and dumped.

[00:44:26]Impossible network. Um it's just chop chop chop back inside the cloud which is really really compressed which means that we should see a very explosive outcome. I am still expecting Impossible Network to fall down another 51%. Enso had a pump and dump last Friday up 68% and it's almost about to retrace all the way back down. No change still a very very bearish chart in my opinion. Why do I still have this line there? Go away.

[00:44:53]virtual protocol chop chop doing absolutely nothing. Nothing will really change this chart. I think it's going to be going lower. And now just a couple of stocks. Nokia continuing to push up higher and higher. Look at the volume on this chart.

[00:45:11]That is wild.

[00:45:14]That is absolutely insane. Yeah, this is the daily chart. Yesterday's volume $1.9 billion.

[00:45:24]That is massive. More importantly, look at the moving average just going parabolic. So, this chart is destined to push up higher and higher and higher.

[00:45:32]Super strong bullish chart. It did have this tubio breakout cluster back over here and it's up 46% since then. Um, do we have any previous highs to look for?

[00:45:42]Oh, that's right. Look at that. We already talked about this chart a while ago. Well, it still has that target here of $15 and it's massively overbought. Weekly RSI weekly RSI is at 95.17 phrases that you never ever would say in real life, which sounds like complete garbage nonsense, but this is why it's so fun.

[00:46:13]Anyway, it's most likely headed up to $15 and I'm curious to see if it can actually pierce above. But any chart that goes parabolic like this, just know that it's being squeezed massively right now.

[00:46:28]Crazy, crazy, crazy. Um, E3B communications from the GX you util E3B TBO springboard bounce maybe, but I mean it it fell back down to the fast line. It's bouncing off of it to well it did today.

[00:47:00]The next target to watch is up here at 280 TBO resistance. Um in terms of the weekly time frame, one of the best things that we could see is a TBO close short. But that means that we're waiting for a pull back down here to the fast line on the weekly time frame at 232 before getting an entry. But if it has a pump, a crazy crazy pump, there is TBO resistance around 510.

[00:47:22]Very crazy. Amazon strong bullish on the weekly in terms of the price being above the cloud in terms of RSI being really overbought at 76.37 which means that we should see more bullish continuation.

[00:47:36]Onbalance volume is back above the moving average which is kind of sort of bottoming out. It's just a really weird chart right now. Um it also has a massive gap here still at 21397.

[00:47:50]It is confirmed a third TBO breakout after that big explosive recovery move.

[00:48:00]I don't know. I I don't I don't want to play with this chart anymore at all. I mean, gaps get filled. It It could push up a lot higher to be honest based off of this. It's just it's a massive massive risk.

[00:48:16]That's all enough said. Now, I mentioned a couple times that a video coming out Sunday, you guys are really going to like it's going to help you out a lot.

[00:48:23]Uh, I literally just panicked thinking that did I not press the record button, just spend 43 minutes, 48 minutes talking. Do I have to do again? No, I'm all good. But anyway, make sure your notifications are turned on uh for the video coming on Sunday. And you can actually just join the Better Traders Club to get access to the Sunday video in advance as well as the other stuff that's provided there. There's a lot.

[00:48:44]I'm not even going to say it. But the main thing is that I still expect a bearish reversal to happen. I I made a video about this two weeks ago talking about why I believe that April is going to pump. Uh actually it was more than two weeks ago, wasn't it? 3 weeks ago April was going to pump, which it did, and then May and June are going to dump.

[00:49:02]In the video coming up on Sunday goes into way more depth and detail about why and how and where. So watch this video that I shared a while ago if you missed it. Until the next time, you know what to do. Stay awesome and stay in the green. Peace.