sell signal

system triggered a sell on MTF yesterday on BTC and ETH.
SOL was already SELL since earlier in the month.

adaptive candles still RED in crypto and tradfi turned red in last couple of weeks (more on this later below).

while crypto showing relative strength among tradfi AI / memory stocks carnage

it would still make sense to be cautious till we get both MTF and HTF bullish signals from the system.

as mentioned in my last update i do see green shoots in crypto and next 2 month would be fertile grounds for allocating longer term.

ADAPTIVE CANDLE RESULTS

we will cover Tradfi GOLD and crypto.

TradFI

adaptive candles turned bearish last 3 weeks on QQQ MU SNDK.

GOLD
adaptive candles have been red since march.

CRYPTO

ive put HOOD stock under crypto for 2 reasons.

1 - it beautifully captures the risk on risk off sentiment of tradfi. as most retail is on HOOD.
2- they have entered onchain. most of last months runners have been on robinhood chain.

as you can see on the candles the momentum seems to be waning.

if it rolls over then it will have big impact on the RH onchain plays too.

what will be interesting to watch if RH still tries to be active and pushes onchain narratives and innovations.

and makes a comeback coz its very easy to create initial hpye but only those who can keep going after 90% drawdown really is here for the long haul. rest are just tourists.

its the crypto way.

BTC is still RED
ZEC went red a while back. its hypervolatile on a day to day basis. but on these candles you can clearly see the the HTF signal.
HYPE went red.

see you in the next one.