dRends35

dRends35 Updated 

Had a small pump from the lows and now appears to be breaking out from a 3 wave correction and this could be the start of the next wave up. The 3rd wave is a contraction pattern also with contracting oscillation. I think this may be a clue that quite a pump could be in the pipeline. On weekly chart as we looked at before SHIB appears to be in a long...

dRends35 Updated 

I dont have time to remember and update all my altcoin threads, TradingView is too disjointed for that. But it does look like many altcoins such as SDAO are heading into another wave down and crypto as a whole; heading into a deeper correction. Here it has printed a weak rally topping at the 0.382 retracement ratio of continuation. There is a long term 0.618...

dRends35

BTC There are many possibilities of what can happen next with Bitcoin. And plenty of detail in the weekend video btw. Here's another one. Demand lines are dangerous in potential bearish phases. And we've seen this one before: Back in August it drifted sideways to the Demand lines and had a big collapse through them. Perhaps will will see something similar...

dRends35 Updated 

We didn't miss this pump and were in before. But if you did then this is the perfect time to buy as AMC is in the 1:1 Golden Window which is a very likely reversal ratio. Big bounce coming! Not advice.

dRends35 Updated 

Ascending wedge appears to be drawing to a close here. It has become very shallow and calm in this recent area. Calm tends to arrive before a storm. There are bearish RSI divergences that cannot be seen through rose tinted glasses. Earnings later today could do anything... But right here WULF looks set to roll off the table down and down 👇🏻. Fanboys that...

dRends35 Updated 

Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are...

dRends35 Updated 

PLTR I've decided to go short right here. Its currently within a reverse extension 1.618 Golden Window from the first wave up. And that is within the retracement Golden Window. The current wave up has breached into higher liquidity above the upper ascending wedge trendline. So as we looked at before, if it tops here it can be a head & shoulders pattern or a...

dRends35 Updated 

Current Rank #257. The frenzied trend in meme coins is to buy them very late after they have already pumped hard and arrive to your social media feed through a ponzi syndicate of of content providers that all got in before you. But here's one that you can buy deep and may go on to do wild multipliers from this area. TRUMP coin looks like its made a first...

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TSLA Fanboys were cheering the recent earnings pump with positive news... I even received a message from a friend. He drives a Tesla btw 😅. But TSLA is playing the slippery slope game here. And what type of slope will it be 🤔. It could of course just shallow out here and hold. But for as long as it keeps slipping, the probability increases that the earnings...

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ZETA Ok i've got a silly short here but it has good bang for buck and tight RR 😅. The point of this is twofold: 1) Indexes are at a potential ratio based inflection point (though not at all determined) 2) ZETA is also in a similar ratio based inflection point; though the chart is very different. ZETA is up 19% today on TradingView "Gap Gainers" after an...

dRends35 Updated 

BTC Back down to $57K in a hurry. I've overlaid S&P again to highlight that Bitcoin is continuing to move with the index. And actually today Bitcoin has already printed a bearish momentum candle whereas S&P has not, so potentially it is now leading the S&P. So as one overtakes the other, we may find that Bitcoin's continuation is signalling further imminent...

dRends35 Updated 

USOIL Ok I've got my bearish hat on today 🤠. Starting to look at the possibility that rather than this area being accumulative that it may be the 3 wave pattern that we have seen in many charts and in multiple markets. It is everywhere. It is of course the 3 wave correction where the 3rd wave is the shallow Wyckoff Creek. In this instance it is the Inverted...

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NATURALGAS Pumping today but its coming out of a long ascending channel. So this is wild and dangerous. It has again pushed through resistance into the higher liquidity area. At some point it will likely collapse either to a Golden Window retracement or lower low 👍. Not shorting. Not advice

dRends35 Updated 

SILVER I bought the dip and re-entered silver at support with a limit entry as we looked at before... It printed a bullish hammer / dragonfly doji with buy pressure coming in @ support. It looks good here and both gold and silver are in lower time frame descending wedges. The correction may extend but this could also just carry on up from here into a very wild...

dRends35 Updated 

SPX500 As we looked at, this wedge shaped fractal looked very weak as soon as it started to grind upward from the second bounce. Now it has slumped down below the lower wedge trendline and that is quite a bearish look down there. From here there will be a lot of resistance above and its now unlikely that it can reach the upper trendline again without first...

dRends35

BPMC With indexes showing bearish potential, this is quite a tasty looking short setup here as this stock has just had a big earnings gap up today. This appears to be a 1:1.618 ABC with an Ending Diagonal. Ending Diagonal is is just an ascending wedge at the end of an impulse wave. Notice the bearish divergence on the week chart. That tends to be very...

dRends35

Bitcoin down 5% today but Bitcoin Dominance has suddenly printed the largest dump candle for a while. That means that the altcoin market is on a bounce. The best altcoins will be printing bullish hammer candles right now (I think). This chart doesn't prove that any coin will bounce and there are plenty of losing coins right now. Not advice

dRends35

GOLD In comparison to silver looks more bullish and this is quite a bullish looking descending wedge. I am re-allocating my initial long position through this area 👍. Not advice