dRends35

dRends35 Updated 

Ethereum looking weak here against Bitcoin. A strong sign the trend has changed.

dRends35 Updated 

Bitcoin looking very weak after just one bounce. That stab down out of the coil is significant and Heikin Ashi tells the story.

dRends35 Updated 

Highly probable Ethereum has topped. Looking for a collapse back to AT LEAST $500 region. See you there!

dRends35 Updated 

I'm currently in a short from $4150. See my previous ETH thread for details. Now the next question is whether this is a top or a retracement. For now price needs to make a lower low LL below $3500 to really show a downtrend. If it gets there then I will consider price to be at least in a Primary wave correction. As per Elliott Wave it is very common for a 5th...

dRends35 Updated 

VET is showing clear upside price divergence against Bitcoin falling and this is a considerable show of strength. If price remains in this corrective area as Bitcoin descends then it will likely be a continuation pattern for a next wave up. I've plotted a possible elliott wave count and a penultimate with wave projection of $1.53! Invalidation is below the wick...

dRends35 Updated 

Out perspective comes through the lens we are looking. So many are now saying there will be an immediate recovery. On the chart a long term median channel with many touches and Willy Woo's famous 20 week moving average. Price is currently testing below the 20Wma and according to Woo if price ever trends below it is bearish . What happens next?

dRends35 Updated 

When TOTAL hits the 1.618 very good chance its all over. It won't be too long now.

dRends35 Updated 

"Alt season" has pushed BTC.D down to 40 area, but how low will it go. How long can this last. Weekly RSI is way down at 15 now and Bitcoin looks to have taken a first clumsy step down a big hill. I don't think BTC.D will get to 30 like 2018, but we'll see.

dRends35 Updated 

I've never seen a bearish thread on BLX nor have I seen the long term chart with a solid EW count, so here's my offering. This certainly won't be the most popular count on TV, but I think there is a reasonable chance it will be correct to some degree and I'd like to have it on record while Bitcoin is still topping and almost everyone is still looking up to the...

dRends35 Updated 

Ethereum - one of the major headliners in this "alt season' appears to have just passed the moon and perhaps now en-route to Mars. However ETH is surely the fat-lady-singing and the end of the party as Bitcoin is now looking very weak fumbling on cliff tops. It is not a long I'm interested in. But, if Ethereum can hit the same 1.618 fib as Bitcoin did and reach...

dRends35 Updated 

Well this nonsense crypto is getting quite a lot of attention and pump on Saturday Night Live and various places. This is a big pump-dump in line with Bitcoin's collapse arriving shortly. Price has reached Bitcoin's fib ratio for bull market tops - the 2.272. And a very aggressive trader could short here. However I suspect there is quite a trap; DOGE is getting...

dRends35 Updated 

It looks probable that Bitcoin has completed a Supercycle wave 1 top. If correct it leads to sub 10K, possibly as low as 1K and a VERY long bear market. No-one is calling this Elliott Wave count as far as I'm aware. See my linked BLX thread for details. I'm sure this will not be too popular but as some guy in The Big Short said - "Truth is like poetry, and most...

dRends35 Updated 

Bitcoin is forming another wedge that will likely break down into another domed structure and perhaps a last small impulse upwards will ensue as seen before. Two C wave fib projections are almost identical ($62689, $62869) and look to be a good area to short. I'm already holding a small short but will add a little in this area. Very good chance price will touch...

dRends35 Updated 

Bitcoin appears to be in Wyckoff Distribution Schematic 2. 58k was the real top with buying climax. From there heavy selling was the last action in this chapter and volume has been declining since. 62K top was a UT no-demand candle which sealed Bitcoin's fate. Price is currently in LPSY. Price should not be able to hold for any significant length of time from...

dRends35 Updated 

Weekly RSI at 95 has never been higher except way back in April 2013 when Bitcoin went from $4 to $250 in a year. Weekly shooting star - It could drop a lot from here.

dRends35 Updated 

FUD. Good luck. (I'm a student, DYOR)

dRends35 Updated 

short

dRends35 Updated 

Not financial advise