Conflicting Signals in Crypto for BTC and OTHERS

Well, it’s official: Bitcoin closed yesterday’s candle with a TBO Breakdown (that yellow tab symbol). This is the bearish inverse of the TBO Breakout symbol. TBO Breakdowns tell us to expect more explosive down-side price action to come- but there’s a catch. When these TBO Breakdowns are printed well after an explosive move to the downside, then they are likely to be signs of “exhaustion.” So instead of dumping lower, it’s actually a bottoming signal.

But there’s more to this than a TBO Breakdown. BTC is only about -3% away from major support around $93k. If that level is tested and respected, we should expect a nice bounce off of that level- initially. But it will likely only be a short-term bounce before we go lower. Combined stablecoin dominance printed a second TBO Breakout on the daily close yesterday- moving higher into the “bear market zone.” Not good. Things are still looking extremely bearish in terms of stablecoin dominance, but interestingly enough, dominance is also shifting away from BTC.D! Which means it’s now starting to pivot in favor of OTHERS.D, TOTALE50.D and TOTALE100.D! This is a bullish sign that ALTs should continue to outperform BTC in the short term as expected.

XMR and MORPHO still look strong bullish to me and I’m expecting both of these to continue pumping higher thanks to their recent TBO Breakouts.

QNT “closed” its recent TBO Close Short on yesterday’s pullback.

ZEC almost reached TBO Resistance and is on track to do so today, completing its TBO Springboard Bounce that I shared earlier this week for 50% profit.STRK, ASTER, PUMP and DASH all still look strong bullish to me in terms of the TBO indicator.

SOL printed a second TBO Breakdown, which is an extremely bearish symbol for an already oversold chart.TEL, BNB and 2Z should be watched closely this weekend for more bullish bounces.

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*Disclaimer: I am not a financial advisor, and none of the information presented in this video should be considered financial advice. All content shared is for educational purposes only. Please conduct your own research and consult with a professional before making any financial decisions.