Bitcoin loses a key Fib as Fed fear hits risk assets

Kitco Media
By Aaron Dishner
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Bitcoin loses a key Fib as Fed fear hits risk assets teaser image

My September 16, 2026 read separates Tuesday’s crypto pullback from the market structures that held up, while using volatility, oil and uranium to frame the next decision points.

BTC loses the 0.786 Fibonacci level

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Bitcoin daily Binance chart

BTC fell more than 3% Tuesday, printed a second TBT Bearish Divergence like the one seen in May, and lost the 0.786 Fib. A move toward the 0.618 Fib is likely, but I am not counting BTC out and remain in buy-the-dip mode.

ETH falls inside its Cloud

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Ethereum daily Binance chart

ETH dropped inside its Cloud and is only now developing a TBT Bearish Divergence. ETH/BTC also printed a bearish divergence, but it wicked into its Cloud without closing there. That distinction matters because the deterioration is real but uneven.

OTHERS dominance holds up

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OTHERS dominance daily chart

BTC.D rose during the pullback, creating short-term pain for ALTs, yet OTHERS.D did not close inside its Cloud. The separate OTHERS market-cap chart printed a second bearish divergence and closed inside its Cloud. Dominance is market share, not spot price.

VIX defines the max-fear pivot

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VIX daily TVC chart

I am watching for the VIX to push toward TBO Resistance at 20.35 or the rejection zone beginning at 22. In my framework, that would identify a max-fear pivot for buying the dip, not guarantee the exact turn.

Oil extends an exhaustion-style breakout Cluster

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Light crude oil futures daily NYMEX chart

Oil moved higher again, RSI has now been overbought for 10 confirmed bars, and the chart carries a perfect three-in-a-row TBO Breakout Cluster at the top of the move. The trend is strong, but its location keeps exhaustion risk high.

Uranium remains oversold

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Uranium daily FXCM composite chart

Uranium remains an excellent oversold dip-buy opportunity in my view, with daily RSI at 22.58. This is an opportunity thesis rather than confirmation that a bounce has already begun.

Learn my strategies and the tools I use every day by visiting The Complete Cryptocurrency Investor by Mastering Assets.

Kitco Media

Aaron Dishner

Co-founder and lead instructor at The Better Traders, Inc., an international crypto education company, and owner of the popular crypto bot trading YouTube channel Moonin Papa, Aaron Dishner serves over 25,000 students across 36 countries as a world-leading bot trader and crypto day trading and swing trading expert. Combining his passion for educational excellence, stemming from a professional teaching background, with his remarkable skill set in crypto trading, Aaron’s mission is to make trading safe and accessible so anyone can learn to benefit from the greatest financial revolution of our time.
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