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Bitcoin dominance update

I've revised the EW count, the pullback over the coming days will be the prime opportunity to long altcoins just before they go parabolic!

Look for a retest of 61%

JPYUSD with an inverted head and shoulders

Similar setup to mid July where it deviated below the range and then went to the top of the range

Gold flipping resistance into support and now with the 2h BB squeezing

VVIX/VIX breaking out, showing volatility of volatility is increasing and that the market is becoming more unstable

Combine that with the VIX curve forming a rounded bottom, it shows smart money is positioning for short term volatility

All in all, this indicates a VIX spike is imminent!

Can see the momentum really waning on NQ with this large bearish divergence

Given how unstable the market is I think we could see a crazy move down tomorrow maybe over -4%

LINK chart request and EW count

Looking really strong - for confirmation of the count it needs to have another move up pronto

After CLSK shit the bed, it no longer looks like it will have relative strength vs IREN given the bull div on CLSK/IREN just got destroyed

I'm changing focus to IREN now given the relative strength

I'm looking to go long around 12.43 in the golden pocket, might even get a wick into the bunch of AVWAPs in blue around 11 if we're lucky

IWM breaking down - 2h BB squeeze behind it too, should be a forceful move down now!

having had a chance to re-evaluate ETH from the perspective that this breakout for crypto is probably the real deal, this is the updated EW count for ETH

I found it very hard to trust this move considering there is about to be a volatile risk off move in tradfi so I apologize for that as it looks like I should have just listened to the price action!

Nonetheless, altseason is just getting started now... so there's no time to cry as it's time to make some serious money!

ETH & ALTS will absolutely fly after Wednesday - that will be the moment to fully deploy all remaining capital!

Ok, so looking at TOTAL I think this bitcoin move is for real. However, DO NOT CHASE!

We will get an opportunity mid-week to long on this subwave 2 correction before everything goes bananas

TOTAL is coming up to the first Fib resistance after what looks like a 5 wave move which will be completed tomorrow

Apologies for not catching on to this but I think my caution was warranted and honestly it doesn't matter as we can still position ourselves perfectly on Wednesday during the volatility

PENGU level 3 bearish exhaustion signal on 9h chart

As you can see the leaders look ready to roll over now - should see capital rotate into laggards (XVG + VOXEL)

I think PENGU is ready for the next leg down that we have been anticipating!

Longed the breakout on VOXEL

There are certain coins which seem to want to run, still not convinced this is indicative of broad market strength

Tight stop on this one if it falls back below this key level in blue I will kick it!

2D BB setting up for a huge move!

Boom! BTC 6h level 1 bearish exhaustion signal as it gets rejected from the previous range

Looks like the bearish retest is complete!

VIX retest

It feels like I'm the only one seeing this lol

ETHUSD + ETHBTC 4h level 2 bearish exhaustion signal

I expect everything to roll over hard today. Except MAGIC!

impossible for me to be bullish when this is what the S&P and VIX look like - both retesting the breakout!

VIX looks ready for next leg up

Equity put/call ratio turning up again - we want to see this toward 90 over the coming days to add confluence for our long entries on risk

Bitcoin Dominance is not supporting this move in ETH, forming a 4h bull div meaning there is likely more pain to come for altcoins...

Nikkei looks ready to roll over too, everything is lining up!

IWM and ETH are gunna have their final push up now before rolling over - both heading for a bearish retest of 0.854

FXS chart request

Probably not gunna do anything until later this year imho as its in this HTF wedge

Don't have a good read on it in all honesty

SEI chart request

Once more flush towards 0.2571 over the coming days imho