BTC holds its Fib While Lower-Cap Breadth Improves

Kitco Media
By Aaron Dishner
Published:
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BTC holds its Fib While Lower-Cap Breadth Improves teaser image

My September 2 read is mixed and conditional: BTC is still above its 0.786 Fib, lower-cap market share is improving without confirming ALT season, DXY has a fresh bullish-divergence warning, and the VIX signal is a risk flag rather than proof of a crash.

BTC's closing pivot controls the next downside path

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I still see BTC above the 0.786 Fib near 76,706. TBO Resistance is appearing above today's high; if it holds into the close, I expect a move below that Fib toward the Fast line near 74,642. The 0.618 Fib near 72,204 matters most: I expect a bounce there, while $62k only comes back into play if that support breaks.

OTHERS.D shows lower-cap market-share rotation

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I see OTHERS.D print its second TBO Close Short in 10 days as capital shifts away from top coins. Dominance is market share, not spot price, so this is not a direct price call. TOTALE50.D and TOTALE100.D support improving breadth, but I am not calling ALT season and I preserve the separate TOTALES resistance-drop warning.

DXY prints a second bullish divergence

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I see DXY print its second TBT Bullish Divergence in four days while EURUSD confirms a second bearish divergence. DXY can still reject at former support turned resistance, so the bullish warning is not guaranteed. August PMI fell to 54.6 and came in below expectations; that explains the reaction without changing my chart trajectory.

The VIX signal is a risk flag, not crash evidence

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I see a daily TBO Close Short on the VIX, which points to a possible bullish reversal in the VIX and therefore a potentially bad outcome for risk assets. The previous six signals had mixed reactions, and I do not have hard evidence of a mega dump. I use it only to brace for a deeper pullback or VIX rise just in case.

JTO reaches long-term support

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I see JTO right at long-term support in a bounce setup I have been watching. RSI could print a bullish Reset. I preserve that state exactly: the bounce is a setup and the Reset is prospective, not confirmed.

ONDO is a confirmed but riskier Open Short setup

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I see ONDO at the bottom of the Cloud with a confirmed TBO Open Short. The last two comparable signals bounced toward TBO Resistance near 0.4071, but RSI was oversold on those occasions and is not oversold now. That makes this a conditional, riskier bounce watch rather than a guaranteed repeat.

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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