[ { "speaker": "Speaker", "text": "Hey guys, welcome back to the daily crypto market update." }, { "speaker": "Speaker", "text": "BTC dropped again almost 2% on Wednesday." }, { "speaker": "Speaker", "text": "Interestingly enough, it put in a lower local low at $74,243.99." }, { "speaker": "Speaker", "text": "That 99 matters a lot, which is lower than the previous drop on Saturday at 74289." }, { "speaker": "Speaker", "text": "If you've been keeping up with these videos, I told you before that this lower wick that happened on Saturday is basically a predictive wick." }, { "speaker": "Speaker", "text": "I've inverted the chart here so you can see this in a bullish uptrend." }, { "speaker": "Speaker", "text": "We see this happen a lot where the chart starts to reverse and we get a wick and the price reverses back to the fast line, which is exactly what happened on Monday and Tuesday this week, and then it goes back to revisit that wick, if not exceed it, except we're in a bare market, so things are going lower." }, { "speaker": "Speaker", "text": "The other big deal is that yes, we have a TBO closed long confirmed on Tuesday." }, { "speaker": "Speaker", "text": "We also have a cross down." }, { "speaker": "Speaker", "text": "Cross downs actually mean that we're more likely to see something like this, like the McDonald's arches, something where we're going up to the fast line again and to go lower, but we are still due for a pullback to the fast line." }, { "speaker": "Speaker", "text": "Doesn't have to happen today, but inevitably it will get tagged." }, { "speaker": "Speaker", "text": "One of the other big things that happened today was that our support fan was absolutely crushed, which is awesome because Bitcoin closed on Tuesday below our next our second to last support fan line, this basically just crushed it." }, { "speaker": "Speaker", "text": "And because Wednesday went even lower, now we're looking at our actual support level, which if Bitcoin were to drop more today, is at $71,474." }, { "speaker": "Speaker", "text": "I don't expect Bitcoin to crash and drop over 4% today on Thursday, May 28th." }, { "speaker": "Speaker", "text": "Ah, that's a pretty tall order, but we could see a lower wick that far." }, { "speaker": "Speaker", "text": "It could happen." }, { "speaker": "Speaker", "text": "Now, the other thing to consider in terms of momentum is looking no further back than what we just saw when we had this big drop right up here." }, { "speaker": "Speaker", "text": "Starting on the 11th of May, we had three red candles in a row, a green candle to reset it." }, { "speaker": "Speaker", "text": "And then on the 15th of May, 1 2 3 4 five red candles in a row." }, { "speaker": "Speaker", "text": "And about here on the third candle, I was saying, well, usually we see about three red candles and then we see a reversal of some shape or form." }, { "speaker": "Speaker", "text": "It took another two days, but eventually, inevitably, we saw it on Wednesday the 20th and then we had some green candles before a dump on Friday." }, { "speaker": "Speaker", "text": "And now, where are we?" }, { "speaker": "Speaker", "text": "We had three green candles up." }, { "speaker": "Speaker", "text": "Now we have one, two red candles." }, { "speaker": "Speaker", "text": "While it does make sense for Bitcoin to move up to tag the fast line again, that target today is at $77,2 because momentum is bearish and going lower." }, { "speaker": "Speaker", "text": "I actually think we're going to be going deeper today." }, { "speaker": "Speaker", "text": "I don't think that we're going to hit that support fan target of $71,400, but I think we are going lower." }, { "speaker": "Speaker", "text": "Now, another thing has also happened." }, { "speaker": "Speaker", "text": "Do you remember when on Saturday I made a big stink about all these incrementally higher short-term supports saying these are targets?" }, { "speaker": "Speaker", "text": "Well, now we have a candle close below our next highest target, which is 74,937 buckaroos." }, { "speaker": "Speaker", "text": "It's a big deal." }, { "speaker": "Speaker", "text": "So, not only are we below our next incremental level of support, now we're below our next price-based pivot low, which is awesome." }, { "speaker": "Speaker", "text": "I mean, if you are bearish like I have been and have been warning you guys about for a while." }, { "speaker": "Speaker", "text": "In terms of other indicators like RSI, Wednesday's reading at 28.02 is literally 1/100th lower than what we got on Friday, May 22nd." }, { "speaker": "Speaker", "text": "It's not a big deal." }, { "speaker": "Speaker", "text": "Um, and again, I'm really waiting for the day where we see RSI go oversold, which means waiting for this orange line, which is RSI with a length of seven, not the default 14, but seven, crossing below 25, that's where things should start to get spicy in my opinion." }, { "speaker": "Speaker", "text": "But the bigger news because we closed red and we had a good amount of volume selling with lots of volume, red candle, lots of volume on Tuesday and Wednesday is a good sign because what does that do to onbalance volume which was previously strong bullish?" }, { "speaker": "Speaker", "text": "Now we're at the top of the roller coaster." }, { "speaker": "Speaker", "text": "This is where we could see some strong bearish continuation as in dumperoni." }, { "speaker": "Speaker", "text": "Um, very very similar to what we saw back over here in late January." }, { "speaker": "Speaker", "text": "Now, admittedly, I can't overlook this right here." }, { "speaker": "Speaker", "text": "this period uh between the 27th of March up here until the 9th of April, this little hump that happens here with the moving average, we saw the blue line, which is onbalance volume, go below the moving average and it started to do the top of the roller coaster, but because we saw a reversal, we saw onbalance volume shoot up higher and it actually forced the moving average to go back up again." }, { "speaker": "Speaker", "text": "So, yes, trust me, I know that we could still see a bounce up higher." }, { "speaker": "Speaker", "text": "I don't expect us to." }, { "speaker": "Speaker", "text": "Um, I still very much think we're going lower." }, { "speaker": "Speaker", "text": "Now, moving on to Ethereum." }, { "speaker": "Speaker", "text": "Ethereum also is fitting the bill." }, { "speaker": "Speaker", "text": "It's strong bearish." }, { "speaker": "Speaker", "text": "It's It's been strong bearish for a long time." }, { "speaker": "Speaker", "text": "Nothing's really changed there." }, { "speaker": "Speaker", "text": "U, but yesterday's close of -2.36." }, { "speaker": "Speaker", "text": "Ouch." }, { "speaker": "Speaker", "text": "Now, it hasn't dropped below the Saturday pivot low like Bitcoin did." }, { "speaker": "Speaker", "text": "And that Saturday pivot low is TBO support right now at 2009.3." }, { "speaker": "Speaker", "text": "because the slow line for Ethereum is very macro bearish as in it's been pointing down and it's pointing down even harder and the price remains below the daily TBO cloud momentum is down." }, { "speaker": "Speaker", "text": "I fully expect Ethereum to go a lot lower." }, { "speaker": "Speaker", "text": "So, how is our bare flag looking?" }, { "speaker": "Speaker", "text": "Well, so glad you asked because we saw Ethereum close below this long-term support level established from the 6th of February and supported here on the 24th of February." }, { "speaker": "Speaker", "text": "We know it danced around it quite a bit recently on the 22nd of May, closing below it, waking below it on Saturday and Sunday, finally closing below it again on Tuesday the 26th, and then again yesterday, Wednesday." }, { "speaker": "Speaker", "text": "What do you notice about this rejection right here for Wednesday's candle?" }, { "speaker": "Speaker", "text": "What do you notice?" }, { "speaker": "Speaker", "text": "Because I notice that the upper wick is testing previous support, respecting it as resistance and getting rejected, closing lower." }, { "speaker": "Speaker", "text": "That, ladies and gentlemen, is enough for me to say bare flag confirmed." }, { "speaker": "Speaker", "text": "Which means now we move out this shape to identify where we think Ethereum could end up which has a bottom target range of $1,075 from the current price from the immediate price right now at 2026." }, { "speaker": "Speaker", "text": "That's a drop of 47%." }, { "speaker": "Speaker", "text": "Gulp." }, { "speaker": "Speaker", "text": "So yes, I still think that we're going to see much lower lows for Ethereum." }, { "speaker": "Speaker", "text": "It is extremely strong bearish." }, { "speaker": "Speaker", "text": "Now, for all of you Ethereum bulls, pay attention because right here we have a pretty good bullish RSI reset that happened on Saturday the 23rd, a week ago." }, { "speaker": "Speaker", "text": "So, now that we have a cut, a deeper cut yesterday on Wednesday, RSI actually moved down below 25 to just 24.87." }, { "speaker": "Speaker", "text": "Now, here's the thing." }, { "speaker": "Speaker", "text": "When markets are bearish, we will see RSI go below 25 over and over and over again." }, { "speaker": "Speaker", "text": "Just because RSI is oversold in the middle of a bare market, does not mean that's the ultimate buy the dip opportunity." }, { "speaker": "Speaker", "text": "It does not mean that." }, { "speaker": "Speaker", "text": "It just means the chart is strong bearish." }, { "speaker": "Speaker", "text": "Yes, we could get a short-term relief bounce, but it doesn't mean that that is the ultimate pico bottom." }, { "speaker": "Speaker", "text": "What you're going to want to wait for is an extremely oversold RSI reading." }, { "speaker": "Speaker", "text": "For instance, back over here on the 5th of February, RSI for Ethereum went down to 11.49." }, { "speaker": "Speaker", "text": "If we get any sort of crazy selling like I'm expecting us to." }, { "speaker": "Speaker", "text": "I I don't know about RSI exceeding that level, but I'm telling you, if it does, that will be a massive buy the dip signal." }, { "speaker": "Speaker", "text": "Okay." }, { "speaker": "Speaker", "text": "So yeah, bearish and onbalance volume is doing an amazing job of showing us the top of the roller coaster." }, { "speaker": "Speaker", "text": "And now we are looking at strong bearish momentum at play for Ethereum." }, { "speaker": "Speaker", "text": "Yes." }, { "speaker": "Speaker", "text": "Now total ES which is the total crypto market cap excluding stable coins." }, { "speaker": "Speaker", "text": "What do you notice about our support fan?" }, { "speaker": "Speaker", "text": "We saw a pierce of it like Bitcoin on Saturday and on Tuesday we closed right at it and wicked below it again." }, { "speaker": "Speaker", "text": "What happened on Wednesday?" }, { "speaker": "Speaker", "text": "Yesterday's candle mega close down negative 1.84%." }, { "speaker": "Speaker", "text": "Now this chart is actually more accurate for the entire crypto market because it represents the entire crypto market cap excluding stable coins." }, { "speaker": "Speaker", "text": "Hence the total ES title." }, { "speaker": "Speaker", "text": "our immediate support right now." }, { "speaker": "Speaker", "text": "And this is the support level that has to hold if things are going to hold up and stay good, stay bullish, I guess you could say." }, { "speaker": "Speaker", "text": "So, if we're going to see a bounce at all, we want to see Totally bounce from about 2.16 trillion, which isn't that far away." }, { "speaker": "Speaker", "text": "And I'm telling you, the moment that we see a pierce of this level, we see totally S drop down to even 2.15 trillion, that pierce will be damaging enough to weaken a support level so that we expect it to basically confirm that support level and go below it, come back up to test one more time, confirm his resistance, and we go a lot lower or we just dump Bareroni a lot lower." }, { "speaker": "Speaker", "text": "They're also shortterm support steps as I've called them here on the chart." }, { "speaker": "Speaker", "text": "And lo and behold, after Saturday's flush, guess what?" }, { "speaker": "Speaker", "text": "Totally has dropped yesterday almost to the same low, but it again cracked through the 2.19 support and it also pierced the 2.17 trillion support as well." }, { "speaker": "Speaker", "text": "We're going lower." }, { "speaker": "Speaker", "text": "That's what it means." }, { "speaker": "Speaker", "text": "I told you guys when the first one cracked right up here in the be or in the middle of May, this was the warning sign right here." }, { "speaker": "Speaker", "text": "Now, of course, we already had lots of other signs like two TBC bearish divergences on the 12th and the 15th of May." }, { "speaker": "Speaker", "text": "Even before back over here on the 28th of April, that's a bearish reversal warning alert." }, { "speaker": "Speaker", "text": "So, yes, we are overextended from the fast line." }, { "speaker": "Speaker", "text": "Yes, we're strong bearish." }, { "speaker": "Speaker", "text": "No, I don't think it's going to stop." }, { "speaker": "Speaker", "text": "Um, I still think we're going to be going lower." }, { "speaker": "Speaker", "text": "In terms of RSI, we put in a slightly lower low on Wednesday compared to the dip that we saw on Friday." }, { "speaker": "Speaker", "text": "In terms of onbalance volume, now we're looking like it's the top of the roller coaster moment again." }, { "speaker": "Speaker", "text": "So, yeah, I still think we're going to be going lower." }, { "speaker": "Speaker", "text": "stable coin dominance combined looking at USDT plus USDC moved up of course yesterday on Wednesday up to a high of 10.79%." }, { "speaker": "Speaker", "text": "Now this does not exceed the high on Saturday the 23rd of 10.828." }, { "speaker": "Speaker", "text": "It doesn't matter." }, { "speaker": "Speaker", "text": "This is still a strong bullish chart." }, { "speaker": "Speaker", "text": "When a price or a percentage in this case is above the TBO cloud, this is telling us that the momentum is strong bullish." }, { "speaker": "Speaker", "text": "Vice versa, when it's below the cloud like Bitcoin has been, it's strong bearish." }, { "speaker": "Speaker", "text": "But here's the thing." }, { "speaker": "Speaker", "text": "Now that we're looking at a strong bearish combined stable coin dominance chart, this is a danger warning sign." }, { "speaker": "Speaker", "text": "Now, interestingly enough, RSI went overbought on Wednesday's candle at 70.29, which is just slightly higher than 70.19 last Friday." }, { "speaker": "Speaker", "text": "I still expect it to go up higher." }, { "speaker": "Speaker", "text": "I don't think that it has topped out at all." }, { "speaker": "Speaker", "text": "What's even more interesting here is that stable C. D, which is cryptostable coins dominance looking at all stable coins." }, { "speaker": "Speaker", "text": "I don't know the exact number of which ones it's actually a part of." }, { "speaker": "Speaker", "text": "Um if it will tell us here." }, { "speaker": "Speaker", "text": "No, it's not going to tell us at all." }, { "speaker": "Speaker", "text": "It's really annoying that way." }, { "speaker": "Speaker", "text": "So, it's this mystery bag, but essentially we can just believe that it's all stable coins." }, { "speaker": "Speaker", "text": "What do you see here?" }, { "speaker": "Speaker", "text": "Well, funny enough, on Wednesday, we have a confirmed TBO open long." }, { "speaker": "Speaker", "text": "The bigger thing that's also happening for both of these charts is with the TBO." }, { "speaker": "Speaker", "text": "If I hide the stable.c.d, the TBO cloud has compressed to a very tight range of about 1.6% back over here." }, { "speaker": "Speaker", "text": "It's the tightest it was on Monday this past week." }, { "speaker": "Speaker", "text": "That's a big deal." }, { "speaker": "Speaker", "text": "We are looking at it's essentially the same thing as a Ballinger bands squeeze." }, { "speaker": "Speaker", "text": "There's a lot of pent up momentum right now because price action got really, really, really tight." }, { "speaker": "Speaker", "text": "The cloud got tight." }, { "speaker": "Speaker", "text": "And when it gets super duper tight or compressed or squeezed, we usually see an explosive reaction." }, { "speaker": "Speaker", "text": "And the fact that stable.c.d printed or confirmed an open long yesterday to me that that means more pain is on the way." }, { "speaker": "Speaker", "text": "Now, Bitcoin dominance again flashing a very interesting signal here." }, { "speaker": "Speaker", "text": "We have a TBO close long on Wednesday's candle." }, { "speaker": "Speaker", "text": "This is a bearish reversal sign." }, { "speaker": "Speaker", "text": "And because we're seeing this print on Bitcoin dominance, as long as Bitcoin dominance is falling, it will give alts the false impression that everything is fine." }, { "speaker": "Speaker", "text": "But this is the same thing I've been saying all week." }, { "speaker": "Speaker", "text": "Yes, are we seeing some alts doing absolutely amazingly well?" }, { "speaker": "Speaker", "text": "Yes, we are." }, { "speaker": "Speaker", "text": "But the problem is that stable coin dominance is poised to go up a lot higher." }, { "speaker": "Speaker", "text": "So, if you're making money trading alts right now short-term, great." }, { "speaker": "Speaker", "text": "Take some profit or at least protect your profit with a stop-loss." }, { "speaker": "Speaker", "text": "Now, Bitcoin dominance because it printed a tibial closed long." }, { "speaker": "Speaker", "text": "Going back to this chart, it's giving others this false sense of, oh, yay, we're going to be going up higher." }, { "speaker": "Speaker", "text": "More on that in a second." }, { "speaker": "Speaker", "text": "But because we have one of these blue diamonds now, I'm actually expecting this chart like Bitcoin to go up to tag the fast line, which is currently at 60.60%." }, { "speaker": "Speaker", "text": "6060." }, { "speaker": "Speaker", "text": "So, that would be an increase in Bitcoin dominance of43%." }, { "speaker": "Speaker", "text": "Which would make sense." }, { "speaker": "Speaker", "text": "If that happens, expect others dominance, total E50.D and total E100.D to drop a lot because when Bitcoin dominance increases, usually that's when others and alts absolutely get wrecked." }, { "speaker": "Speaker", "text": "Now, speaking of others, I still find it fascinating to see all of these upper wicks here just trying to push up higher and harder." }, { "speaker": "Speaker", "text": "Yet, we have lots of bearish reversal warnings." }, { "speaker": "Speaker", "text": "We now have three TBT bearish divergences on the 4hour time frame since Tuesday morning." }, { "speaker": "Speaker", "text": "Even though the slow line is moving up quite a bit, telling us that momentum is very bullish for the chart." }, { "speaker": "Speaker", "text": "That's a pretty bearish reversal warning alert." }, { "speaker": "Speaker", "text": "What's even more telling is daily RSI for others." }, { "speaker": "Speaker", "text": "D putting in lower highs ever since Friday, May 8th to the 21st of May at 76.4." }, { "speaker": "Speaker", "text": "43." }, { "speaker": "Speaker", "text": "Then a lower high on the 25th of May at 72.58." }, { "speaker": "Speaker", "text": "Yesterday's green candle close, how did that manage?" }, { "speaker": "Speaker", "text": "How did that do with RSI?" }, { "speaker": "Speaker", "text": "It only moved up to 65.88." }, { "speaker": "Speaker", "text": "What will happen next is others.d will lose support or spaghetti support here and we'll start a downtrend." }, { "speaker": "Speaker", "text": "That's my expectation or my prediction." }, { "speaker": "Speaker", "text": "Now looking at the others market cap chart, we now have two recent TBO closed longs on the 4hour time frame." }, { "speaker": "Speaker", "text": "It's not enough for there to be two to be honest in the 4 hours quite early I guess you could say." }, { "speaker": "Speaker", "text": "And admittedly this price action here with this pullback today right now is very similar to what we saw back on Saturday the 23rd before it just absolutely snapped back." }, { "speaker": "Speaker", "text": "But there's a difference." }, { "speaker": "Speaker", "text": "RSI is starting to show signs of weakness yet again." }, { "speaker": "Speaker", "text": "We have a very good long-term support level established first on the February 5th pullback and then confirmed on the 30th of April." }, { "speaker": "Speaker", "text": "We saw it break we saw this support level get broken by RSI on Saturday the 16th and again yesterday Wednesday RSI fell below support again." }, { "speaker": "Speaker", "text": "This level of support being broken is not a sign of strength." }, { "speaker": "Speaker", "text": "Even though onbalance volume is back above the moving average right now today, it's still close below it on Wednesday." }, { "speaker": "Speaker", "text": "So, we might get a bounce and others. BTC looks like it could be pushing up higher." }, { "speaker": "Speaker", "text": "But guys, zoom in." }, { "speaker": "Speaker", "text": "We have TBT bearish divergences and a cluster confirmed on Wednesday early early morning." }, { "speaker": "Speaker", "text": "And another TBT bearish divergence confirmed this morning as well on the 4hour time frame." }, { "speaker": "Speaker", "text": "Not to mention RSI, even though it has been overbought, it's putting in consistently lower highs." }, { "speaker": "Speaker", "text": "While you have been able to make some money trading others, basically everything below the top 10, making more money than you would by trading Bitcoin, but that doesn't mean that you're making money." }, { "speaker": "Speaker", "text": "What this means is that others is outperforming Bitcoin." }, { "speaker": "Speaker", "text": "And what did Bitcoin do yesterday?" }, { "speaker": "Speaker", "text": "Bitcoin closed down negative 1.95%." }, { "speaker": "Speaker", "text": "So this others BTC is showing us that some coins didn't close down as bad as Bitcoin did yesterday." }, { "speaker": "Speaker", "text": "Maybe they only closed 1% down." }, { "speaker": "Speaker", "text": "Maybe only closed.5%." }, { "speaker": "Speaker", "text": "Some of them closed a lot higher, which we're going to look at in a minute." }, { "speaker": "Speaker", "text": "But this is a misleading chart." }, { "speaker": "Speaker", "text": "you think it's really bullish for alts and it technically is strong bullish but given the macro everything I've just shared with you now you know why I pay a lot of attention to this the total E 100 this confirms my sentiment a lot we have a confirmed TBO breakdown on the 4hour time frame this is the first one that we have seen on this chart on the 4 hour since back over here in March 2026 it's a big deal to me okay And we also know that Tuesday we closed below the cloud." }, { "speaker": "Speaker", "text": "Wednesday we closed even lower putting in a lower local low." }, { "speaker": "Speaker", "text": "It's strong bearish." }, { "speaker": "Speaker", "text": "Okay." }, { "speaker": "Speaker", "text": "RSI putting in a lower not not exceeding the low from Tuesday the 19th at 26.21, but yesterday we went lower at 30.26." }, { "speaker": "Speaker", "text": "I fully expect RSI to go way below 25." }, { "speaker": "Speaker", "text": "onbalance volume." }, { "speaker": "Speaker", "text": "We were already at the top of the roller coaster way back over here on the 15th and 16th of May." }, { "speaker": "Speaker", "text": "Again, things are macro bearish across the board." }, { "speaker": "Speaker", "text": "Totally 100 representing everything in crypto below the top 100 is strong bearish." }, { "speaker": "Speaker", "text": "Are there outliers?" }, { "speaker": "Speaker", "text": "Yes, there will always be outliers, but everything in general is strong bearish." }, { "speaker": "Speaker", "text": "Okay, which makes TRDFI so painful in a way because Tradfi is very bullish, specifically the US stock market." }, { "speaker": "Speaker", "text": "Um, the Dixie is still above the cloud." }, { "speaker": "Speaker", "text": "It's still very strong bullish, looking really good." }, { "speaker": "Speaker", "text": "The euro is still strong bearish." }, { "speaker": "Speaker", "text": "It's going to be an inverse of the Dixie, but it's holding up well." }, { "speaker": "Speaker", "text": "USD JPY has a TBO breakout cluster on the 4hour time frame, meaning that it could actually push back up to 160 or higher, which is incredible." }, { "speaker": "Speaker", "text": "It's incredible that the Ministry of Finance and the Bank of Japan still have not fully intervened yet." }, { "speaker": "Speaker", "text": "And if this was their idea of intervention at the end of April, that was super weak sauce." }, { "speaker": "Speaker", "text": "Super weak sauce." }, { "speaker": "Speaker", "text": "And actually, it wasn't." }, { "speaker": "Speaker", "text": "This is actually uh day traders and uh traders and trading desks in London selling off on the anticipation of the Bank of Japan uh Ministry of Finance actually intervening, meaning that they're selling US bonds, US dollars for yen to buy back their currency to prop it back up, which would cause a dump on this chart, but an actual pump in the value of the Japanese yen versus the dollar." }, { "speaker": "Speaker", "text": "Now, S&P futures moved up higher yesterday." }, { "speaker": "Speaker", "text": "doesn't make sense." }, { "speaker": "Speaker", "text": "But hey, we already know that it's strong bullish on the weekly time frame with RSI on terms of the TBO cloud even on balance volume." }, { "speaker": "Speaker", "text": "It's nuts." }, { "speaker": "Speaker", "text": "The volatility index closed lower the VIX down to 16.29, staying strong bearish." }, { "speaker": "Speaker", "text": "Now, Nvidia has fallen deeper inside of the daily TBO cloud on Wednesday, putting in a low yesterday of 208.78." }, { "speaker": "Speaker", "text": "Note that it did something quite similar to this back on the 4th and the 5th of May before it shot all the way back up." }, { "speaker": "Speaker", "text": "Now, a couple of things to note." }, { "speaker": "Speaker", "text": "I still expect Nvidia to pop back up." }, { "speaker": "Speaker", "text": "And if it does, our short-term target will always be the TBO fast line, sorry, TBO resistance, excuse me, u at 23150, which is about 8 12% higher." }, { "speaker": "Speaker", "text": "The one difference between then and now is that we're looking at a top of the roller coaster moment here for onbalance volume." }, { "speaker": "Speaker", "text": "You'll have to make a decision if you're going to DCA or if you're going to use a stop loss if it happens to go lower." }, { "speaker": "Speaker", "text": "The reality of Nvidia is that the macro trend is bullish." }, { "speaker": "Speaker", "text": "The slow line's pointing up, but we still have these awful, horrendous gaps way, way, way lower at 189.66 and also all the way down here at 17823." }, { "speaker": "Speaker", "text": "I am not saying that those gaps must be filled today, but they inevitably will get filled." }, { "speaker": "Speaker", "text": "Just something to keep in mind." }, { "speaker": "Speaker", "text": "Tesla, we talked about it making this massive gap from the close between Thursday, May 14th to Friday, May 15th." }, { "speaker": "Speaker", "text": "that left a gap up here at 44116 which got closed yesterday." }, { "speaker": "Speaker", "text": "If you guys nailed that entry to the TBO fast line and you were able to sell up to that gap, let me know in the comment section down below." }, { "speaker": "Speaker", "text": "I know some people did." }, { "speaker": "Speaker", "text": "Uh one guy left a comment yesterday." }, { "speaker": "Speaker", "text": "That's awesome." }, { "speaker": "Speaker", "text": "I'm happy to help you guys win." }, { "speaker": "Speaker", "text": "I want to see you guys win." }, { "speaker": "Speaker", "text": "Now, in vid uh Nvidia Enik uh over here in Japan put in a really weird candle yesterday." }, { "speaker": "Speaker", "text": "We do have TBO breakouts on the 4hour time frame." }, { "speaker": "Speaker", "text": "A new cluster." }, { "speaker": "Speaker", "text": "We have a valid TBO breakout cluster back over here in the beginning of this month." }, { "speaker": "Speaker", "text": "But this candle right here in question from Wednesday is a very ugly candle." }, { "speaker": "Speaker", "text": "This is what is called a shooting star." }, { "speaker": "Speaker", "text": "A shooting star is signified by a candle that has an extremely long upper wick and a very very thin or non-existent wide body or like the candle or the fat body, whatever you want to call it." }, { "speaker": "Speaker", "text": "That's exactly what printed on Wednesday's candle." }, { "speaker": "Speaker", "text": "These candlesticks typically are telling us that that's a top, which is very interesting because the chart is still macro bullish." }, { "speaker": "Speaker", "text": "It might just be a short-term top before it returns back to the fast line and pushes up higher." }, { "speaker": "Speaker", "text": "But it is a topping signal." }, { "speaker": "Speaker", "text": "Um Gareth Soloway calls it a topping tail." }, { "speaker": "Speaker", "text": "So every time I see that um I always think of topping tail, but it's technically referred to as a shooting star." }, { "speaker": "Speaker", "text": "But Gareth can do what he wants to do." }, { "speaker": "Speaker", "text": "Now the Shanghai Composite Index." }, { "speaker": "Speaker", "text": "I saw a post from the Coin Bureau um Telegram channel, which is awesome if you want a concentrated feed." }, { "speaker": "Speaker", "text": "Uh, and if you're on Telegram, it's a great channel, but like their X handle is also really really good at that, too." }, { "speaker": "Speaker", "text": "They post a lot of news and updates, but apparently the Shanghai um stock exchange saw a crazy outflow yesterday where a lot of money was moved out because of new restrictions or some something like that." }, { "speaker": "Speaker", "text": "You'll have to look at their feed." }, { "speaker": "Speaker", "text": "I don't remember that kind of stuff." }, { "speaker": "Speaker", "text": "But the main thing is that the charts don't lie." }, { "speaker": "Speaker", "text": "We already saw a TBO close long printed on Thursday the 21st last week." }, { "speaker": "Speaker", "text": "And now we have a second one printed confirmed yesterday, Wednesday." }, { "speaker": "Speaker", "text": "We also have a very clear gap down here at the lovely price of 3902, which from the current price is another drop of about 4.6%." }, { "speaker": "Speaker", "text": "not that hard." }, { "speaker": "Speaker", "text": "Now, I don't have any other intel in terms of what's happening in Shanghai and China, all that stuff." }, { "speaker": "Speaker", "text": "But what I can tell you with the TBO is that seeing two of these TBO clos longs together, that is a very bearish reversal warning." }, { "speaker": "Speaker", "text": "Okay, WTI, US crude oil spot, dipped a little bit lower yesterday." }, { "speaker": "Speaker", "text": "We still have this gap up here at 98.027 that will get filled." }, { "speaker": "Speaker", "text": "Um, if you're still holding that short position, enjoy." }, { "speaker": "Speaker", "text": "Um, and if the price happens to go up to fill that gap another five, six% and hits the fast line and maybe even goes up here to previously lost support, which would be resistance at 101, it's a great place to either add to the short or consider opening up a new short." }, { "speaker": "Speaker", "text": "Now, gold is acting very strangely recently." }, { "speaker": "Speaker", "text": "We know that it closed red on Tuesday, but Wednesday down negative 1.14%." }, { "speaker": "Speaker", "text": "What is going on?" }, { "speaker": "Speaker", "text": "Well, remember that whenever a price um or a chart falls below its cloud, it's confirmed as strong bearish." }, { "speaker": "Speaker", "text": "And we also admittedly have had an open short on gold since March 23rd despite gold actually rallying up 11%." }, { "speaker": "Speaker", "text": "And now it's almost given back that entire move 65 days later." }, { "speaker": "Speaker", "text": "Is it in a movie?" }, { "speaker": "Speaker", "text": "No, it's not." }, { "speaker": "Speaker", "text": "Something like that though." }, { "speaker": "Speaker", "text": "Um the other thing to consider is that onbalance volume has been extremely strong bearish really ever since the middle of March about March well really March 13th Friday the 13th good grief that's not predictive at all." }, { "speaker": "Speaker", "text": "Uh and what else is really interesting here is that BTC against gold which is showing us how much Bitcoin is worth in terms of gold." }, { "speaker": "Speaker", "text": "So like BTCUSD would give us like what $7 something." }, { "speaker": "Speaker", "text": "What is it?" }, { "speaker": "Speaker", "text": "$74,000." }, { "speaker": "Speaker", "text": "So BTC against gold is actually at 16.77." }, { "speaker": "Speaker", "text": "So one Bitcoin is worth 16.77 whatever of gold, okay?" }, { "speaker": "Speaker", "text": "Or ounce or whatever it is." }, { "speaker": "Speaker", "text": "Now, we know that we had a TVT bearish divergence cluster, which is this yellow flag way back over here on Saturday, May 16th." }, { "speaker": "Speaker", "text": "I told you guys in advance that this is a bearish reversal warning." }, { "speaker": "Speaker", "text": "These always flash before we get a TBO close long." }, { "speaker": "Speaker", "text": "So, what's the big deal?" }, { "speaker": "Speaker", "text": "The big deal is that this even though both gold and Bitcoin are apparently very bearish, this is telling us that it is not such a good idea." }, { "speaker": "Speaker", "text": "I mean, if you have both Bitcoin and gold, if you're trying to make a decision of what to do, this is telling us that gold is actually potentially going to perform better than Bitcoin in the weeks and months to come, which fully aligns with my expectations and predictions about Bitcoin going a lot lower." }, { "speaker": "Speaker", "text": "And usually gold's not going to dump 50%." }, { "speaker": "Speaker", "text": "Maybe gold will drop 10, 15, 20%." }, { "speaker": "Speaker", "text": "But it's not going to be as erratic and dumpy as Bitcoin will." }, { "speaker": "Speaker", "text": "So this is yet another bearish reversal warning for Bitcoin, but Bitcoin denominated in gold, which is interesting." }, { "speaker": "Speaker", "text": "Silver also acting very odd." }, { "speaker": "Speaker", "text": "After printing and confirming a TBO closed long on Tuesday, it confirmed a TBO open short on Wednesday, also falling 3% and coming right back down to this 1.272 Fibonacci extension level, which is a massive level to watch." }, { "speaker": "Speaker", "text": "If you look at this chart on the weekly time frame, we'll just hide the TBO and TD divergence." }, { "speaker": "Speaker", "text": "This has been an incredible, incredible Fibonacci tool." }, { "speaker": "Speaker", "text": "Like absolutely mind-blowing." }, { "speaker": "Speaker", "text": "Measuring the top back over here, 2011 at 50 bucks, $49, and then our COVID low in March 2020 at $11." }, { "speaker": "Speaker", "text": "Not only did it give us the exact top target at $122 that was basically hit over here in January, it has also given us an incredible support level here and a retrace like target at 1.272 at $73." }, { "speaker": "Speaker", "text": "Now, in terms of RSI, we already know it topped out way back when in December." }, { "speaker": "Speaker", "text": "We already see lower highs and lower lows forming." }, { "speaker": "Speaker", "text": "We already know that we're looking at the top of the roller coaster here on weekly onbalance volume, but we already know with the TBO and TBD divergence that things are not okay in Silverland." }, { "speaker": "Speaker", "text": "The thing is this, if we see silver lose the 1.272 272 level." }, { "speaker": "Speaker", "text": "There is a potential drop coming for silver a lot lower than I think people are prepared to buy as in falling down here." }, { "speaker": "Speaker", "text": "Do you remember what I shared just before about Bitcoin and predictive wicks?" }, { "speaker": "Speaker", "text": "This or that concept still applies to Tradfy." }, { "speaker": "Speaker", "text": "Look, we have a nice long low wick here on the 6th of February down to a low of 64 bucks." }, { "speaker": "Speaker", "text": "It took 45 days or 31 bars from February to March, the end of March, but guess what silver did?" }, { "speaker": "Speaker", "text": "It returned back down to this low." }, { "speaker": "Speaker", "text": "So, it's not foolish for us to see or expect another drop down to $60 or lower." }, { "speaker": "Speaker", "text": "The next real support target is $49 if silver loses the 1272, which is a 32% drop." }, { "speaker": "Speaker", "text": "I don't want to see that happen, but I'm saying it could happen." }, { "speaker": "Speaker", "text": "Uranium continuing to bounce." }, { "speaker": "Speaker", "text": "It didn't bounce as much as I was really hoping it to bounce, but so far this has been a great call." }, { "speaker": "Speaker", "text": "Looking at historical TBO support at 4634, which proved to be good support back in Friday, March 20th, and also here on March 30th, saw a double bottom, short-term double bottom bounce, and it shot up 27%." }, { "speaker": "Speaker", "text": "Um, and I said last week, this is probably a great area to look for a long entry for a short-term bounce." }, { "speaker": "Speaker", "text": "I want to remind you that the TBO fast line, which is currently at 6572, is always, I repeat, always a great first target to shave off a little bit of profit because you don't know what's going to happen next." }, { "speaker": "Speaker", "text": "So, if you're in profit in this position, and when the price comes up to tag that fast line, consider just taking out a little bit of profit." }, { "speaker": "Speaker", "text": "Even though that's only 8% and we could potentially go back up to 7600 for like a 25% move." }, { "speaker": "Speaker", "text": "What is it?" }, { "speaker": "Speaker", "text": "Um, a bird in the hand is worth two in the bush." }, { "speaker": "Speaker", "text": "Uh, which is an expression that just sounds so strange until you actually start trading and you're like, \"Yeah, protect profit at all costs.\"" }, { "speaker": "Speaker", "text": "\"Protect your portfolio at all costs.\"" }, { "speaker": "Speaker", "text": "Right?" }, { "speaker": "Speaker", "text": "These are things that I teach in our courses at the better traders." }, { "speaker": "Speaker", "text": "And speaking of all the stuff I taught you about or showed you about Fibonacci levels, about identifying support and resistance, how to trade these things, I actually go into way more detail in depth in this course right here, the Smarter Trader, which is on sale right now." }, { "speaker": "Speaker", "text": "It's 40% off." }, { "speaker": "Speaker", "text": "Uh both of our advanced scale of our advanced scales, no thinking music." }, { "speaker": "Speaker", "text": "Both of our advanced courses are 40% off right now." }, { "speaker": "Speaker", "text": "These are awesome courses to go way deeper into what um could be a very lucrative trading career, whether it's passive trading like MPI or active trading like the Smarter Trader." }, { "speaker": "Speaker", "text": "Both of those courses come with access to the TBO Pro." }, { "speaker": "Speaker", "text": "But to be honest, most people don't need the TBO Pro." }, { "speaker": "Speaker", "text": "For most people, just the regular TBO, which is what I use for all my videos, is plenty great." }, { "speaker": "Speaker", "text": "And you can actually get it on sale for $37 a month with the links that are down below." }, { "speaker": "Speaker", "text": "Also, the courses come with a PDF copy of the Better Traders Journal, which is what started everything for the better traders back in November 2019 when we started our business." }, { "speaker": "Speaker", "text": "Yep." }, { "speaker": "Speaker", "text": "Uh we are not a the spring chicken anymore." }, { "speaker": "Speaker", "text": "We've been doing this for a long time." }, { "speaker": "Speaker", "text": "And you can actually order your own copy, your hard copy or paperback copy of the Better Traders Journal through Amazon.com." }, { "speaker": "Speaker", "text": "If you do, you fill it out, you like it, you use it, you see benefits, it's actually helping you to become a better trader, consider leaving us a review." }, { "speaker": "Speaker", "text": "And also make sure to use the exchange links to sign up for Kraken and also for Tubbit down below." }, { "speaker": "Speaker", "text": "Why?" }, { "speaker": "Speaker", "text": "Well, Tubbit's great because they give you this insane welcome package of up to 15,000 USDT in rewards." }, { "speaker": "Speaker", "text": "Kraken has their own reward system right now with ink points." }, { "speaker": "Speaker", "text": "I made a video about this about a month ago." }, { "speaker": "Speaker", "text": "It's amazing." }, { "speaker": "Speaker", "text": "If you missed out on the Hyperlid Hype Airrop or the Plasma XPL airdrop, you'll want to accumulate some ink points and use the link down below to do that." }, { "speaker": "Speaker", "text": "Great." }, { "speaker": "Speaker", "text": "So, we're going to get into my picks back over here on Trading View." }, { "speaker": "Speaker", "text": "But before I get into these, I want to make sure that you guys get your picks highlighted." }, { "speaker": "Speaker", "text": "It's a really weird way to express it, but essentially, I do read all the comments for better, for worse on X and also on YouTube." }, { "speaker": "Speaker", "text": "So, if you guys are going to be requesting a coin, a stock, or a ticker, make sure that you leave that as a comment down below." }, { "speaker": "Speaker", "text": "Use a dollar sign." }, { "speaker": "Speaker", "text": "If it's a stock, just write stock and then whatever the ticker is." }, { "speaker": "Speaker", "text": "And then if you do that, like the video, subscribe if you haven't, consider reposting, retweeting, re-sharing my videos to help me reach my target of hitting 100,000 subs this year." }, { "speaker": "Speaker", "text": "Still a far cry, but closer than we were yesterday." }, { "speaker": "Speaker", "text": "Okay." }, { "speaker": "Speaker", "text": "And it's I mean, I'm doing my part." }, { "speaker": "Speaker", "text": "You guys got to do yours, right?" }, { "speaker": "Speaker", "text": "So, let's start off first with rain." }, { "speaker": "Speaker", "text": "Uh Missy Elliot is probably feeling the pain right now missing out on the rain because she can't stop the rain." }, { "speaker": "Speaker", "text": "Um, on Tuesday we saw a 43% pump." }, { "speaker": "Speaker", "text": "And I said yesterday, you know, even though this thing pumped up a lot, I would not be surprised to see it pump up even higher today or yesterday, which was Wednesday." }, { "speaker": "Speaker", "text": "Yesterday, how did it do?" }, { "speaker": "Speaker", "text": "It closed up another 25%." }, { "speaker": "Speaker", "text": "Again, just so you know, RSI clocked in at uh 97.43 yesterday." }, { "speaker": "Speaker", "text": "Most charts don't make it above 98." }, { "speaker": "Speaker", "text": "All I'm going to say is danger, danger." }, { "speaker": "Speaker", "text": "If you made money with this chart, congrats." }, { "speaker": "Speaker", "text": "Amazing." }, { "speaker": "Speaker", "text": "It's risky from here on out." }, { "speaker": "Speaker", "text": "Very risky, very overbought, very volatile, but it is a breakout." }, { "speaker": "Speaker", "text": "render which had a pretty late TBO breakout cluster over here uh that printed on Monday this week basically was an exhaustion breakout like I was expecting it to be and now we're looking at a TBO close long in progress not yet confirmed but it's still a TBO breakout ultimately I think that we're going to see render lose support and go a lot lower but for now AI coins are still doing well Fetch has two late TBO breakouts what do I mean by late what do I mean by exhaustion breakouts?" }, { "speaker": "Speaker", "text": "Well, the same way as these were exhaustion breakouts back in the beginning of May, when you see our open long down here at 20 cents and then we see the price pump up 15% then we get our breakouts, those are late." }, { "speaker": "Speaker", "text": "Those are exhaustion breakouts." }, { "speaker": "Speaker", "text": "The indicator isn't broken." }, { "speaker": "Speaker", "text": "This is something that I've learned how to interpret from the indicator which has actually been super duper helpful." }, { "speaker": "Speaker", "text": "Now, what do we see today back over here on the 23rd of May?" }, { "speaker": "Speaker", "text": "Yes, I'm a poet and I didn't know it." }, { "speaker": "Speaker", "text": "Again, at 20 cents, we see the price pump 23%." }, { "speaker": "Speaker", "text": "And then we see two TBO breakouts." }, { "speaker": "Speaker", "text": "After a 20% move, most likely we're not going to see continuation." }, { "speaker": "Speaker", "text": "Rain is just one of those weird low cap pumps." }, { "speaker": "Speaker", "text": "Just is." }, { "speaker": "Speaker", "text": "But for fetch, seeing it pump that late, it's most likely going to be an exhaustion breakout." }, { "speaker": "Speaker", "text": "Meaning that it's short squeezes and it's not going to go up higher." }, { "speaker": "Speaker", "text": "Also, it hit resistance, TV resistance." }, { "speaker": "Speaker", "text": "Most likely, it's going to fall back down here to about 19." }, { "speaker": "Speaker", "text": "Now, Stellar Lumens is making a move right now, which is really weird because usually XLM and XRP are like twins." }, { "speaker": "Speaker", "text": "They just do the same thing." }, { "speaker": "Speaker", "text": "But right now, Stellar Lumens pumped 11% on Wednesday, and it's already up 7% right now, which is really weird." }, { "speaker": "Speaker", "text": "And it printed a TBO close short, which is a bullish reversal signal." }, { "speaker": "Speaker", "text": "Now, when I see a chart pumping like this, it's most likely due to news, I don't know what's happening, and honestly, I don't care." }, { "speaker": "Speaker", "text": "I'm focused more on the big picture." }, { "speaker": "Speaker", "text": "But I will say, just like rain, the market will identify a runner and pump it, especially when everything is really bearish." }, { "speaker": "Speaker", "text": "So, I'm not surprised about Stellar Lumens, it does have pretty strong resistance here at the 382 level." }, { "speaker": "Speaker", "text": "We'll see how the price does react to.1778 as well as this pivot reversal range around 1837 which isn't that far away." }, { "speaker": "Speaker", "text": "U it's risky to short on a pump like this." }, { "speaker": "Speaker", "text": "I would much rather wait for uh weakness to reveal itself but it is basically at a reversal top range." }, { "speaker": "Speaker", "text": "VVV uh this one is still a great setup for a TBO springboard bounce." }, { "speaker": "Speaker", "text": "What does that mean?" }, { "speaker": "Speaker", "text": "Well, it means that when we get an overbought move like we saw back over here at the beginning of May from $919 all the way up to 20 bucks, we realize, wait, why are we buying this thing so high when it was $9." }, { "speaker": "Speaker", "text": "So, we see a sell-off down here to the fast line and it tagged it here on the 16th of May at what 12 bucks and then it shot up one more time." }, { "speaker": "Speaker", "text": "So, it pulled a da punk right there which is awesome." }, { "speaker": "Speaker", "text": "And now after being overbought yet again at 20 bucks, it's going, \"Wait, why are we doing this again?\"" }, { "speaker": "Speaker", "text": "Um, no, this is too expensive." }, { "speaker": "Speaker", "text": "And we're seeing a pullback." }, { "speaker": "Speaker", "text": "And we have a target here, the fast line right now, which is much higher at 1567." }, { "speaker": "Speaker", "text": "So, this is another TBO springboard bounce setup, which means that we would enter on the fast line and sell just below TBO resistance, which is at 1959." }, { "speaker": "Speaker", "text": "Injective continues to push up higher." }, { "speaker": "Speaker", "text": "Both of these are green flags, by the way, because they're still very bullish and they have lots of good bullish momentum on these charts in general." }, { "speaker": "Speaker", "text": "Now, there are a lot of pink and blue flags." }, { "speaker": "Speaker", "text": "That's because there's a lot of bearish charts today." }, { "speaker": "Speaker", "text": "XRP, I know people love XRP." }, { "speaker": "Speaker", "text": "I don't understand why, but that's okay cuz free will means you can love who you want to love." }, { "speaker": "Speaker", "text": "Even if I even if I don't agree with it or understand it." }, { "speaker": "Speaker", "text": "So, it's just coffee." }, { "speaker": "Speaker", "text": "Um, it's just coffee and it's lion coffee." }, { "speaker": "Speaker", "text": "If you've ever been to Hawaii, Lion Coffee is pretty nice." }, { "speaker": "Speaker", "text": "And uh Lion Coffee, you can mail your address to my Bitcoin address or you can mail your uh what affiliate revenue or whatever." }, { "speaker": "Speaker", "text": "Just forget it." }, { "speaker": "Speaker", "text": "Just forget I said anything." }, { "speaker": "Speaker", "text": "We're going to redo the video now that we're 41 minutes in." }, { "speaker": "Speaker", "text": "No, we're not." }, { "speaker": "Speaker", "text": "We're still strong bearish on the chart." }, { "speaker": "Speaker", "text": "And actually RSI is now going oversold on the daily time frame for the first time since back over here in the 30th of January." }, { "speaker": "Speaker", "text": "I still expect XRP to go lower, a lot lower." }, { "speaker": "Speaker", "text": "It's strong bearish." }, { "speaker": "Speaker", "text": "Nothing has changed in my opinion." }, { "speaker": "Speaker", "text": "Zikash is um dropping deeper inside of the daily TBO cloud." }, { "speaker": "Speaker", "text": "Yesterday it fell down four.66% and today it's going down even deeper." }, { "speaker": "Speaker", "text": "It's a very big difference from this bounce back over here on the 16th of May." }, { "speaker": "Speaker", "text": "Yes, I'm still kicking myself that it didn't take an entry up here at 671, which is a golden entry." }, { "speaker": "Speaker", "text": "If you guys are in a short position and you're enjoying it, please let me know in the comments so I can live vicariously through your gains." }, { "speaker": "Speaker", "text": "Um, we also saw a break on our TBO support or spaghetti support level." }, { "speaker": "Speaker", "text": "And it's spaghetti support because it's it's not a fixed firm line." }, { "speaker": "Speaker", "text": "It's kind of like wavy." }, { "speaker": "Speaker", "text": "So this break that happened here on Tuesday was a big deal." }, { "speaker": "Speaker", "text": "And now that we've broken this broken this level, I still expect Zash to go a lot lower." }, { "speaker": "Speaker", "text": "Also, um onbalance volume is confirmed bearish." }, { "speaker": "Speaker", "text": "Interesting." }, { "speaker": "Speaker", "text": "Very interesting." }, { "speaker": "Speaker", "text": "Oo." }, { "speaker": "Speaker", "text": "Um sui um not pronounced sui because I am not mistaken that that is Japanese for water." }, { "speaker": "Speaker", "text": "Sui and you pronounced both independently." }, { "speaker": "Speaker", "text": "It's not it's not s we e just so you all know it is not that." }, { "speaker": "Speaker", "text": "That's something I don't even know what that is." }, { "speaker": "Speaker", "text": "That sounds like some weird rap thing that you would yell in between your choruses." }, { "speaker": "Speaker", "text": "Which I can we please bring back like Missy Elliot like Buster Rhymes Nas like like good stuff in rap like what is the stuff that you guys are listening to nowadays?" }, { "speaker": "Speaker", "text": "you kids." }, { "speaker": "Speaker", "text": "Um, no, this is sue then e sui." }, { "speaker": "Speaker", "text": "That's how you say it." }, { "speaker": "Speaker", "text": "Or if you're writing it in uh hiragana, I actually have to change this." }, { "speaker": "Speaker", "text": "Why am I taking so long to do this?" }, { "speaker": "Speaker", "text": "Because I want to and you guys are watching and I can do whatever I want." }, { "speaker": "Speaker", "text": "It's this." }, { "speaker": "Speaker", "text": "So it sounds like sui but it's not." }, { "speaker": "Speaker", "text": "It's not sui." }, { "speaker": "Speaker", "text": "And yes, I hear how ridiculous that is." }, { "speaker": "Speaker", "text": "That's actually pretty funny, but it is." }, { "speaker": "Speaker", "text": "Anyway, um where are we?" }, { "speaker": "Speaker", "text": "Okay, strong bearish." }, { "speaker": "Speaker", "text": "That's all I wanted to tell you." }, { "speaker": "Speaker", "text": "Um on the 4hour time frame, we have three TBO breakdowns in a row." }, { "speaker": "Speaker", "text": "Bada bing, bing, boom." }, { "speaker": "Speaker", "text": "Goodbye." }, { "speaker": "Speaker", "text": "Uh that's like the AOL sign off." }, { "speaker": "Speaker", "text": "Goodbye to your portfolio as goes lower." }, { "speaker": "Speaker", "text": "Um yeah, goodbye." }, { "speaker": "Speaker", "text": "World Liberty Financial has a TBO breakdown that I shared uh from Wednesday this week." }, { "speaker": "Speaker", "text": "And guess what?" }, { "speaker": "Speaker", "text": "I if you go back to yesterday's video, I said, well, I don't enter here on the pain." }, { "speaker": "Speaker", "text": "I enter on the return back to the fast line, which was at about 6 cents." }, { "speaker": "Speaker", "text": "Guess where it went up to this morning?" }, { "speaker": "Speaker", "text": "6 cents." }, { "speaker": "Speaker", "text": "Guess where it's going to be going next?" }, { "speaker": "Speaker", "text": "Lower." }, { "speaker": "Speaker", "text": "Okay, that's a bearish warning." }, { "speaker": "Speaker", "text": "Uniswap." }, { "speaker": "Speaker", "text": "This one printed a TBO open short on Wednesday's drop of 486." }, { "speaker": "Speaker", "text": "It's now back to TBO support." }, { "speaker": "Speaker", "text": "Almost there." }, { "speaker": "Speaker", "text": "We're oversold on RSI." }, { "speaker": "Speaker", "text": "Top of the roller coaster big time for our onbalance volume and TBO breakdowns yet again." }, { "speaker": "Speaker", "text": "Near continuing to go red." }, { "speaker": "Speaker", "text": "We are now no longer looking overbought on RSI." }, { "speaker": "Speaker", "text": "Um on the 4hour time frame too." }, { "speaker": "Speaker", "text": "TBT bearish divergences." }, { "speaker": "Speaker", "text": "Da da morpho also looking very dangerous with three TP deep bearish divergence clusters and a close long on the 4hour time frame." }, { "speaker": "Speaker", "text": "Ouch." }, { "speaker": "Speaker", "text": "I still expect more to go a lot lower." }, { "speaker": "Speaker", "text": "Caspa confirmed a TBO open short on Wednesday and it has two or rather a actually this is a third because there's the first TBO uh breakdown from Saturday the 23rd." }, { "speaker": "Speaker", "text": "We enter here on the bounce to the fast line." }, { "speaker": "Speaker", "text": "It is now in profit by 6%." }, { "speaker": "Speaker", "text": "Awesome." }, { "speaker": "Speaker", "text": "Go lower." }, { "speaker": "Speaker", "text": "Atom has a second TB2 bearish diversions cluster on the daily." }, { "speaker": "Speaker", "text": "Flare has three TBO breakdowns on the 4hour time frame." }, { "speaker": "Speaker", "text": "Vchain has a third confirmed TBO breakdown on the daily down 3%." }, { "speaker": "Speaker", "text": "It's going lower." }, { "speaker": "Speaker", "text": "Monad um got kicked in the NADS and it's going lower." }, { "speaker": "Speaker", "text": "Gasp." }, { "speaker": "Speaker", "text": "Who ever would have thought that this could have happened?" }, { "speaker": "Speaker", "text": "I mean guys, this is Monad." }, { "speaker": "Speaker", "text": "This is the future of crypto." }, { "speaker": "Speaker", "text": "It's amazing." }, { "speaker": "Speaker", "text": "Oh no, that's not bold juice." }, { "speaker": "Speaker", "text": "I forgot." }, { "speaker": "Speaker", "text": "It's coffee and it's black and it's bitter." }, { "speaker": "Speaker", "text": "That's the way coffee should be drank." }, { "speaker": "Speaker", "text": "Tasos, three TBL breakdowns." }, { "speaker": "Speaker", "text": "Well, the third one's in progress." }, { "speaker": "Speaker", "text": "Again, kicking myself just a smidge because I had a perfect short position I was building up and I would have been in wild profit." }, { "speaker": "Speaker", "text": "But we protect profit and we're also satisfied with any amount of profit just like I talk to you guys about in the book." }, { "speaker": "Speaker", "text": "I don't talk to you through the book." }, { "speaker": "Speaker", "text": "Nope, it's not one of those weird books." }, { "speaker": "Speaker", "text": "Okay." }, { "speaker": "Speaker", "text": "Um, Tia, I don't know what book I'm referring to." }, { "speaker": "Speaker", "text": "Uh, TIA has a TV2 bearish divergence confirmed on a 6 and a half% pullback." }, { "speaker": "Speaker", "text": "Um, syrup also has a TBO breakdown." }, { "speaker": "Speaker", "text": "So, do you remember what I said before about others BTC not looking good?" }, { "speaker": "Speaker", "text": "Remember what I said about totally 100 not looking good." }, { "speaker": "Speaker", "text": "Not like those are below the top 100." }, { "speaker": "Speaker", "text": "They're actually not." }, { "speaker": "Speaker", "text": "Remember what I said about others being very very dangerous right now?" }, { "speaker": "Speaker", "text": "Do you understand what I'm saying?" }, { "speaker": "Speaker", "text": "I'm not just making this stuff up and I'm not being snarky for any old reason." }, { "speaker": "Speaker", "text": "I'm being snarky because I've been telling you guys, yes, congratulations." }, { "speaker": "Speaker", "text": "You guys have been winning." }, { "speaker": "Speaker", "text": "And I wish that I could be more flexible as a trader to take a very risky entry to to nail a little bit of profit on these reverse rallies like we have." }, { "speaker": "Speaker", "text": "We saw for syrup twice here at the end of February up 30% here at the end of March up for 30% again." }, { "speaker": "Speaker", "text": "But again, I I just can't." }, { "speaker": "Speaker", "text": "After you've lived through two devastating bare markets, you learn to just sit on your hands and take up some hobbies and not really do anything with your portfolio other than just shorting the market and just chilling out cuz that makes the most sense to me." }, { "speaker": "Speaker", "text": "So, these reverse rallies to me personally aren't worth the risk of entering long positions, which is why I've been an annoying bear for a long time." }, { "speaker": "Speaker", "text": "Why I affectionately have accepted Doom and Papa as my new nickname." }, { "speaker": "Speaker", "text": "But you guys have to understand, I'm not a spring chicken." }, { "speaker": "Speaker", "text": "I This is not my first rodeo." }, { "speaker": "Speaker", "text": "It's not my first merrygoround in crypto." }, { "speaker": "Speaker", "text": "And there's no crying." }, { "speaker": "Speaker", "text": "There's a great meme." }, { "speaker": "Speaker", "text": "Oh my gosh, where is it?" }, { "speaker": "Speaker", "text": "I love this meme." }, { "speaker": "Speaker", "text": "Um, this ride doesn't stop." }, { "speaker": "Speaker", "text": "just because you're crying." }, { "speaker": "Speaker", "text": "This one right here." }, { "speaker": "Speaker", "text": "Perfect." }, { "speaker": "Speaker", "text": "This is one of the best memes ever." }, { "speaker": "Speaker", "text": "I love this because it's so appropriate." }, { "speaker": "Speaker", "text": "This ride only stops in an emergency." }, { "speaker": "Speaker", "text": "Crying is not an emergency." }, { "speaker": "Speaker", "text": "Okay, welcome to crypto." }, { "speaker": "Speaker", "text": "Okay, here we go." }, { "speaker": "Speaker", "text": "Uh BNB." }, { "speaker": "Speaker", "text": "Now we have all these blue flags." }, { "speaker": "Speaker", "text": "These are showing us TBO closed longs." }, { "speaker": "Speaker", "text": "BNB has two recent TBO clos longs on the 4 hour." }, { "speaker": "Speaker", "text": "Not the end of the world, but I still think that BNB is destined to go a lot lower." }, { "speaker": "Speaker", "text": "Hyperliquid has a TBO clos long confirmed on the 4 hour time frame and a TB2 bearish divergence cluster, but it is still very strong bullish." }, { "speaker": "Speaker", "text": "I have to give it that even though RSI is showing weakness and all that stuff, but it could pump higher." }, { "speaker": "Speaker", "text": "Tow has a third third TBL closed long confirmed on Wednesday's drop." }, { "speaker": "Speaker", "text": "Quant has a TBL closed long confirmed on the daily." }, { "speaker": "Speaker", "text": "Jupiter still has an open TBL closed long." }, { "speaker": "Speaker", "text": "Remember this when this one was pumping up here and I was like, \"Hey guys, just so you know, you might want to just like no, don't do anything with it.\"" }, { "speaker": "Speaker", "text": "Dash TBO clos long confirmed on Wednesday." }, { "speaker": "Speaker", "text": "Virtual TBO clos long confirmed on Wednesday." }, { "speaker": "Speaker", "text": "Pangu still hasn't closed its second TBO clos long that was printed on Monday and it's about to break support." }, { "speaker": "Speaker", "text": "H um crazy drop of 18% uh on Wednesday and printed a TBO close long on the dumperoni and now say this is one chart where it's weird say actually looks like it wants to be a runner but it has competition right now with rain I think um or whatever or XLM I guess you could say but SE is showing some really interesting volume and price action I'm not expecting it to pump I'm still very macro bearish as you guys know, but just keep an eye on it, okay?" }, { "speaker": "Speaker", "text": "I'm not doing anything with it, by the way." }, { "speaker": "Speaker", "text": "I don't have any invested interest or positions or anything like that." }, { "speaker": "Speaker", "text": "I'm never ever um share coins with you guys just because I am invested in them." }, { "speaker": "Speaker", "text": "People that do that are crooks and you should unfollow them." }, { "speaker": "Speaker", "text": "Unfollow NASA." }, { "speaker": "Speaker", "text": "Now, on to your picks." }, { "speaker": "Speaker", "text": "Um we have two exchange tokens, BGB and MX." }, { "speaker": "Speaker", "text": "Both of them are wicked bearish." }, { "speaker": "Speaker", "text": "MX, MXC, whatever." }, { "speaker": "Speaker", "text": "Super strong bearish." }, { "speaker": "Speaker", "text": "Just because it's oversold doesn't mean it's a good buy." }, { "speaker": "Speaker", "text": "It means it's a good buy." }, { "speaker": "Speaker", "text": "At least to me." }, { "speaker": "Speaker", "text": "Again, if the market is destined to fall a lot lower, that's that's very risky." }, { "speaker": "Speaker", "text": "Yes, both of them are very oversold." }, { "speaker": "Speaker", "text": "Yes, they can go a lot lower." }, { "speaker": "Speaker", "text": "Trust me, they can go lower." }, { "speaker": "Speaker", "text": "Lana um great bounce back over here at the end of March up 51% and it's retraced fully." }, { "speaker": "Speaker", "text": "It will most likely lose TBO support and go a lot lower." }, { "speaker": "Speaker", "text": "ENA after having a really good bounce up about 80%, it's now fully retraced and we have a confirmed TBO open short from Sunday." }, { "speaker": "Speaker", "text": "Most likely it's going to lose TBO support." }, { "speaker": "Speaker", "text": "AVAX strong uh strong bearish on the daily time frame." }, { "speaker": "Speaker", "text": "confirmed TBO open short on Sunday on the weekly." }, { "speaker": "Speaker", "text": "It's holding TBO support kind of, but it's almost back down to where it was in September 2023 at 8441." }, { "speaker": "Speaker", "text": "Um, if we get a wider pullback, AVAX Avalanche is in danger of falling another 60% down to 325." }, { "speaker": "Speaker", "text": "A lot of these coins that people have believed in that these are going to be the next big Ethereum killer or Bitcoin killer, whatever, this is their chance to prove what they're worth, but a lot of them are literally on life support right now." }, { "speaker": "Speaker", "text": "Um, so I I really don't see a reason why." }, { "speaker": "Speaker", "text": "And I'm honestly all for a big reckoning." }, { "speaker": "Speaker", "text": "I am 100% on board with a massive debilitating flush for crypto because there's too much garbage out there." }, { "speaker": "Speaker", "text": "Too many coins that are copycats of other coins that absolutely don't do anything." }, { "speaker": "Speaker", "text": "They don't provide any value." }, { "speaker": "Speaker", "text": "They don't provide any use case or purpose to the world at all." }, { "speaker": "Speaker", "text": "So now is a great time for crypto companies to be building, to be developing coins that actually provide value, that actually do something." }, { "speaker": "Speaker", "text": "I've said this over and over, but again, this is my call to action for any developers or any companies that are maybe watching these videos." }, { "speaker": "Speaker", "text": "I am not anti-crypto." }, { "speaker": "Speaker", "text": "That's why I keep reviewing this stuff." }, { "speaker": "Speaker", "text": "I am very bullish on crypto long term, but there's admittedly way too much garbage out there." }, { "speaker": "Speaker", "text": "And in the floatsome and the jetum of all the garbage, there are going to be some shining winners." }, { "speaker": "Speaker", "text": "And those are the companies that are going to be building right now in the bare market." }, { "speaker": "Speaker", "text": "All right." }, { "speaker": "Speaker", "text": "Now looking at some stocks." }, { "speaker": "Speaker", "text": "ADA." }, { "speaker": "Speaker", "text": "Uh after printing a TBO close long on Monday the 18th, it is now retraced back up to the fast line." }, { "speaker": "Speaker", "text": "Look at that move." }, { "speaker": "Speaker", "text": "Isn't that gorgeous?" }, { "speaker": "Speaker", "text": "Wow." }, { "speaker": "Speaker", "text": "I mean it still has some gaps up here at 29.88 and a gap up at Nope." }, { "speaker": "Speaker", "text": "That actually has no gap." }, { "speaker": "Speaker", "text": "Good." }, { "speaker": "Speaker", "text": "It's just this one up here 29.88." }, { "speaker": "Speaker", "text": "So it could go up a little bit higher." }, { "speaker": "Speaker", "text": "Just be aware that we're looking at lower highs and lower lows." }, { "speaker": "Speaker", "text": "While it could push up to TBO resistance and even though it is strong bullish, onbalance volume is bearish." }, { "speaker": "Speaker", "text": "RSI is bearish." }, { "speaker": "Speaker", "text": "MU Micron Technology, I'm in the wrong industry." }, { "speaker": "Speaker", "text": "Yesterday up 19% it's moving all the way to the 1.68 level at 1240, which is absolutely nuts." }, { "speaker": "Speaker", "text": "coin." }, { "speaker": "Speaker", "text": "Now, I expect Coinbase Global to go way lower because the profits and the well-being, the welfare of Coinbase is wholly hinged on the market." }, { "speaker": "Speaker", "text": "Where did Coinbase actually start to go crazy?" }, { "speaker": "Speaker", "text": "Back over here after the market bottomed." }, { "speaker": "Speaker", "text": "Once the market bottomed here in um November, kind of sort of, it actually dumped a little bit lower." }, { "speaker": "Speaker", "text": "But look, that was an amazing entry even here at 40 bucks because where did it go?" }, { "speaker": "Speaker", "text": "It rallied all the way up almost a almost a,000% topping out here in July 2025." }, { "speaker": "Speaker", "text": "So, if you're really excited about Coinbase Global, you'll want to wait till the market absolutely bottoms out." }, { "speaker": "Speaker", "text": "Then you can buy some of the stock and ride it up for the next rally, which it should do well because the fees that Coinbase charges, no wonder the stock is worth that much." }, { "speaker": "Speaker", "text": "Good grief." }, { "speaker": "Speaker", "text": "Um, applied digital on the weekly time frame, massively strong bullish on RSI, on balance volume, the TBO, incredible TBO breakout cluster." }, { "speaker": "Speaker", "text": "Um, on the daily time frame, it's very bullish." }, { "speaker": "Speaker", "text": "Um, and it's actually breaking out to higher highs if I'm not mistaken." }, { "speaker": "Speaker", "text": "Incredible, fascinating, riveting." }, { "speaker": "Speaker", "text": "Uh so using a TBO um TBO retracement I have to fix that top." }, { "speaker": "Speaker", "text": "It looks like we're eyeing a target of 9340 which is actually not that far." }, { "speaker": "Speaker", "text": "It's only 88% away." }, { "speaker": "Speaker", "text": "Great Scott." }, { "speaker": "Speaker", "text": "Um SoFi Technologies it's still in bearish consolidation mode falling inside of the cloud." }, { "speaker": "Speaker", "text": "It hasn't bounced off of historical TBO support like I talked about before, but we did see a pretty amazing bounce here in April." }, { "speaker": "Speaker", "text": "Almost up to tag the fast line." }, { "speaker": "Speaker", "text": "Yes, stocks also use the TBO." }, { "speaker": "Speaker", "text": "We use the same strategies with stocks, same strategies with Forex, same strategies with crypto when we're looking at the TBO." }, { "speaker": "Speaker", "text": "Now, in terms of other things to pay attention to for SoFi, weekly RSI is now looking at higher lows and higher highs, which is great." }, { "speaker": "Speaker", "text": "This is actually bullish momentum at play." }, { "speaker": "Speaker", "text": "I actually expect SoFi Technologies to not only hit the fast line which is at 1851, but to actually move to the top of the cloud at 2263 because momentum is starting to turn on the weekly." }, { "speaker": "Speaker", "text": "Now on the daily, it's still piss poor." }, { "speaker": "Speaker", "text": "It's still looking very weak." }, { "speaker": "Speaker", "text": "It it was technically strong bearish last week and now it's in bullish consolidation." }, { "speaker": "Speaker", "text": "Not really." }, { "speaker": "Speaker", "text": "It's very weak, but it could and should start reversing from here." }, { "speaker": "Speaker", "text": "QBT, Quantum Computing, Inc. confirmed a TBT bearish divergence on Wednesday's candle with lower highs on RSI, but it's technically strong bullish with the TBL, strong bullish with onbalance volume on the daily." }, { "speaker": "Speaker", "text": "On the weekly, it's in bearish consolidation still, but it actually could still push up back above the cloud." }, { "speaker": "Speaker", "text": "And if it does, a good target is 2388." }, { "speaker": "Speaker", "text": "Guys, I I spend a lot of time in these videos." }, { "speaker": "Speaker", "text": "Sometimes I go off, right?" }, { "speaker": "Speaker", "text": "I get it." }, { "speaker": "Speaker", "text": "Guilty is charged." }, { "speaker": "Speaker", "text": "Um, but it's only because I'm passionate about trading and investing and I also want to help you guys make the most of this bare market." }, { "speaker": "Speaker", "text": "While there have been many times I admittedly have been wrong, I'm still sticking to my guns that were going lower." }, { "speaker": "Speaker", "text": "So, it's up to you to make the decisions on what you want to do." }, { "speaker": "Speaker", "text": "I've given you plenty of information." }, { "speaker": "Speaker", "text": "You have access to the TBO." }, { "speaker": "Speaker", "text": "You guys have learned how to trade for me." }, { "speaker": "Speaker", "text": "But if you want to go deeper, check out the courses." }, { "speaker": "Speaker", "text": "The main thing you need to know is that we are at the beginning, not the end, not the middle." }, { "speaker": "Speaker", "text": "We're at the beginning of the next reversal, which I wholly expect to be a lot lower." }, { "speaker": "Speaker", "text": "So, I've already shared targets before." }, { "speaker": "Speaker", "text": "I've already done lots of stuff." }, { "speaker": "Speaker", "text": "I have a video actually scheduled for this weekend, which is a deep dive on Salana." }, { "speaker": "Speaker", "text": "Um, so again, like there's a lot of reasons why I think things are going lower." }, { "speaker": "Speaker", "text": "I also made a video or had a video interview rather with Ben from All Trading this past weekend that I shared on the channel." }, { "speaker": "Speaker", "text": "If you missed that, you're going to want to watch that." }, { "speaker": "Speaker", "text": "It's a it's a different change of pace from these videos, but you're going to want to watch this because it's really fun." }, { "speaker": "Speaker", "text": "So, watch this and until the next time, you know what to do." }, { "speaker": "Speaker", "text": "Stay awesome and stay in the green." }, { "speaker": "Speaker", "text": "Peace." } ]