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TAOUSD BIttensor Analysis: Monthly and Weekly

Bittensor was a request in the Group Chat I figure I'd tackle

As you know, I dabbled in some alts and if it wasn't for how strong ONDO as done for me I would be once again regretting my decision around alts

Altcoins are so much a swing and a miss for me, but when I hit, I tend to find the best of a bull run

Last bull market examples I got in on PEPE extremely early and then called that insane FET run due to the emergence of AI at the time

Alts have kind of done nothing since, but I've made a couple calls that they would during the same timeframe. At one point I gave up, and that was smart because that's when we had that October 10 bloodbath

Since then though I have mostly avoided alts until recently and it was ONDO, LTC, and LINK

TAO is very popular so I get the request. But at the moment it looks like mostly sideways consolidation still

The monthly RSI looks pretty good and the ADX is rising but needs to get above 20. The +DI is though so that's g

US-Iran Deal, Update #1

IWM Monthly - Big breakout underway after multi-year consolidation

SPX Cycles - Short + Long

·         Less reliable short cycles still point down into next week, then up into the first week of June.

·         The latter aligns with early-month positive seasonality.

$BTC Update

This is one of those times where it pays to be patient and wait for the market to stablize and the entry to present itself. We know there is a major hotspot of liquidity in the 74-75k range (you can see it on coinglass or MMT) and so waiting for that liquidity to be taken and for the market to react is going to be key. We don't really want to be trying to catch this knife to nail the bottom. We want to wait for all the damage to be done and for large buyers to step in so that we can join after them.

If you look at the 2nd and 3rd images attached, you will see that we are simply not seeing any real buying volume come in here on this dump just yet. If we compare it to the last big dump to 60k, you can clearly see the big buy volume come in after the dump had finished. Thats the same thing we are looking for here at this level.

Let's keep watching for it and remain patient.

Microcap Season for Stocks?
Looking like the Sub Billion marketcap list is starting to take off. Liquidity might be starting to work it's way down and seeing a lot more of these start to turn green means I'll be spending some more time digging deeper into the ones I think look the best.

$KULR doing the best so far, will see what other gems might be lurking in the list.

adding to silver long

Taken a small position in INJ.

Flipping the 200d EMA, ready to move higher - in the footsteps of NEAR.

Targeting roughly $8.

Coins to watch into the weekend:

NEAR is the new leader while HYPE and ZEC cool off - but those two could give good re-entry points and take charge again

ONDO & INJ seem interesting to me from a continuation standpoint, both are trying to flip 200d EMA into support today.

Not on this chart, but VVV could get continuation too - currently trying to flip local highs.

Do so successfully, and I expect the three of them to step more into the spotlight again next week.

META Daily Chart Cycles

• META has a cycle trough in October.
• Many stocks I looked at have cycle troughs in October; Exceptions that I noticed are NVDA and TSLA, which I think have cycle troughs in late August or so.

Big up day in Softbank on the back of the OpenAI IPO announcement. If the valuation of OpenAI is much higher that where Softbank has invested lately, then this is bullish. On the other hand, does the IPO, and that of xAI show that debt markets are closed off to LLM makers? If Oracle starts to perform better, or Softbank hits new ATH, then I cover.

Bitcoin BTCUSD Weekly Bearish Engulfing & BTC CME Candlestick Comparison

On the left, we have BTC CME Futures, and on the right we have BTCUSD Coinbase.

We are going to start with Coinbase on the right. This is a Bearish Engulfing

These can be a bearish reversal pattern and tends to work fairly well. They lead to reversals roughly 65% of the time

Based on my observations in Bitcoin over time, these aren't usually tops. They're short-term reversals. that eventually a higher high is made from. More often than not they're like warning sign that a reversal is coming, less so there is one

It is still a very bearish signal and we might have seen the top. I tend to think one more push up to really confuse things because a lot of people still see this as having topped

Bitcoin CME on the left shows a the wick on the current weekly hammer touching the topside of the weekly candle from several weeks before

This is right where the Bollinger Band basis is. Below there this should head to new lows next. H

With NVIDIA earnings after the bell today, I shot a quick video on what to expect. It's not about the chips. It's about the infrastructure war underneath all of it.

NVIDIA is no longer competing against AMD. It's competing against Amazon. Against Google. Against Anthropic. Against every customer it built dependent on it. The largest company on the planet reports tonight and Wall Street is going to spend twelve hours obsessing over revenue, margins, and Blackwell demand.

We are focusing our attention on what's underneath all of that...