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S&P500 WILL DUMP HARD, JUST LOOK AT THIS CHART! RSI is back in the 70-80 overbought zone for the 4th time Each overbought signal ended in a drop to the SMA Target sits at the SMA (~6000) avg -17-20% from here Same setup as every prior correction: overbought RSI...

17,600 görüntüleme • 2 ay önce •via X (Twitter)

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BTC is showing the textbook signs of a pivot high. RSI confirmed overbought and reversed in a single day - the last time we saw a one-and-done RSI move like this was back in January before a meaningful pullback. OBV's moving average is still pointing up, which keeps the door open for one more push to around $77K, but the bear flag has been fulfilled. Higher lows and higher highs are done. We can go home. If BTC does put in a higher high from here, I'd expect to see a lower high on RSI - that would just reinforce the setup. Support sits around $65K-$67K, and based on the pace of the last drawdown, something like that by end of weekend isn't unreasonable. Ethereum held up stronger than BTC this week, with RSI staying overbought across three days - Sunday at 73, Monday at 84, Tuesday at 76. ETHBTC is right at resistance. The multiple factor effect means whatever BTC does, ETH does 1.5x to 2x. Ethereum could still push higher, but we're deep into risky territory. Stablecoin dominance flipped green after eight consecutive red days. RSI confirmed oversold on Monday. The trend is starting to shift, and when this chart pumps it typically corresponds to selling pressure across crypto. DXY closed below support from Friday's push after going overbought on the 13th. RSI cracked below 61.78. A pullback to 98.708 is on the table, which should bring some relief to the euro and yen. The yen is still dangerously overbought - second TBT bearish divergence now printing on the weekly. If it keeps pushing up, the Bank of Japan's hand gets forced. We all know what happened last time that went too far. VIX is still inside the rejection zone it's been in since March 2023. Fear hasn't left the building. S&P futures have a TBO close long on the weekly - same pattern that printed before a 16% drop. NVIDIA's daily cloud is now compressed to under 1%. When the cloud gets that tight, explosive moves follow - not necessarily up. On the picks side: XRP had a real volume spike and an 8.8% move after 4H TBO breakouts, but I'm not convinced the momentum holds. Solana's OBV moving average is genuinely bullish - one more leg is possible. Tron is the biggest surprise - perfect three-in-a-row TBO breakout cluster and a 4% move, which for Tron is wild. HYPE printed a second TBO breakout with RSI at 82.34 - the level to beat is 83.86. Kaspa RSI hit 91.5 after a 9% move - that's danger territory. TAO has been overbought on the daily RSI since March 11th - day eight. OBV is genuinely bullish but the warning signs are piling up. Walrus protocol jumped 24% out of nowhere - probably news related and likely AI adjacent. Pippin is down 31% on Tuesday's close. Pi Network is now down 39% from its high after a textbook RSI divergence setup played out exactly as expected. Bitcoin Cash printed a TBT bearish divergence. Render, Morpho, Fetch AI, Syrup all showing exhaustion signals on the 4H.

Aaron Dishner

16,640 görüntüleme • 5 ay önce