dRends35

dRends35 Updated 

CGC Something appears to be brewing in weed stocks currently and Canopy is leading with another pump today - up 16%. Does this looks similar to what we've seen before in crypto stocks GALA and VXV ? Notice that off the bear market we get a ripping pump... Then a collapse down makes a lower low and threatens another wave down. But then a sudden recovery prints...

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This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price...

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APE appears to be a really great deep value buy here. Yesterday it closed a bullish momentum candle on the week chart and has pushed up beyond the trendline. It appears to have bottomed tidily between phi; 1.618 and 1.786 overshoot ratio band. This coin may have serious pump action I think. Not advice

dRends35 Updated 

I've had this area alarmed from a quite a while which triggered as this hit the 2 pivot 1.618 extension. Now having let it develop; it does look bearish on all time frames Firstly on the 3 week chart, there is bearish divergence between the 2022 peak and impulsive end; BC Buying Climax that completed summer 2023. As so often is the case with Wyckoff and...

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SUI (Rank #52) This is one that "..." would like an update on and would like to know "how to draw the vertical bar and copy and move it to measure the target price, in the case of cup and handle formation." Firstly I always go to Fibonacci but Cup & Handle and other similar fractals are a simple way to get an approximate target. Using Fibonacci I can take a 2...

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BTC These patterns are so elastic that they dont really provide strong evidence... But on the 4 hour chart the downtrend is quite choppy. It hit the long term median line, then bounced... Then slumped again to pierce the line again and make a lower low. These look like fairly typical liquidity games. Notice that the RSI has been running flat for while. That...

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If you like this wild west coin then this can be a useful dip buy here as it is having a whipsawing bounce through support while Bitcoin begins a recovery. See linked Bitcoin thread for further details Not advice

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SHILL (Rank #1329) I partial sold as it was dumping and it was unclear what Bitcoin would do next But now Bitcoin is showing relative stability and I think it will bounce, I think it is time to buy back SHILL and continue with my higher time frame strategy. It has dipped into a support area where there is a lot of activity so I think there is a good chance...

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PEPE is breaking out of a 3 wave correction and the next wave up appears to be underway. Not advice

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THETA Appears to be copying Bitcoin somewhat in that it has become "corrective" but yet as part of a steady uptrend. We could look at this as an ascending wedge which is typically known as a bearish pattern. The textbook will say how the wedge signals weakness to the upside and is typically followed with a break to the downside which is the assertion of the...

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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 

Bitcoin has now repeatedly breached all-time-high resistance and now is holding above. In the first instance this triggered a big sell off which got many bears hopefully dreaming up an instant crash scenario. But the sell off was caught by a fast recovery with buyers eating up the area. The retracement of the bounce recovery exceeded the 0.786 ratio; signalling...

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Dogelon Mars - Current Rank #333 We've seen the wild pumps in higher ranked dog coins; SHIB and DOGE both top tier coins have been ripping it. I gave you guys SHIB at the base (see "Related Ideas below) and recently it was up 430% and probably more to come there. But now money is trickling like a waterfall 😅 into lower ranked dog coins like ELON. The name...

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For COIN I think there are 4 key details: 1) Last week's bullish momentum candle (green arrow) is not to be ignored. As I said in the video (client only); Glenn Neely's charting maxim is one of my favourites; "The fastest wave dictates the dominant trend." And that is a fast pump. 2) The RSI has so many pitfalls and if a strong pivot did print here then this...

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Its been a long time coming but today NIO has hit my buy point after a long and devastating bear market. And its no impossible that this bear market could continue down and down but today it has hit a significant Support @$5.65 and the 0.618 retracement @ $5.55. So far today it is printing a hammer on the day chart and although that can be considered to be an...

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SHILL is a low rank gaming coin (#1043). Gaming coins have been a big winner so far this cycle. It is pumping and now into the first really impulsive phase following a prolonged correction. It can be a decent momentum buy as it is still well within the retracement area. Low rank = high risk but high reward. From here it will likely challenge the top and could...

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HYDRA (Rank #1168) Digging around for more deep gems so I can trim off the winners and here's a coin I found. This one looks ultra volatile similar to XPR and its had a small push up of what appears to be a wave 2 low. There is a very obvious V shaped CHoCH Change Of Character and it would appear the bottom is in and this is in ideal position to buy. The RSI...

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ILV (Rank #147) Looks like it has completed a fairly shallow 3 wave correction relative to the overall trend. Since then it has slumped back almost reaching the 0.618 Golden Window @ $83 in reflection of BTC 10% flash dump today. I'd really like it to pull back to $60 and will save some allocation for that in case we do see some significant dump action...