dRends35

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...

dRends35 Updated 

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...

dRends35

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

dRends35 Updated 

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...

dRends35 Updated 

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...

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 

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...

dRends35 Updated 

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...

dRends35 Updated 

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...

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NATURALGAS This is perhaps now the only major asset that we cover that I think perhaps is yet to bottom. But it looks like it is setting up for a pump. Ascending wedges are generally bearish but Nat Gas is so wild that it will often pump hard first before dumping down and down. This is a difficult call but I think that we have not yet seen Wyckoff ST Secondary...

dRends35 Updated 

When the great buy-the-dip opportunities were available for FET the bears were in song and it was oh so foolish to buy Bitcoin, let alone buy high risk altcoins. But AI coins are flying now and soon FET will make new highs. This is only a second bullish momentum candle printing on the week chart so this could go quite a bit higher from here considering how many...

dRends35 Updated 

FOMC announcement is coming in soon and most of the FED aware trading community (not hodlers) think the financial world is on the brink of catastrophic disaster. And who could blame them, that is what the news has been forcefully pushing. But what they don't seem to be shouting from the roof tops is that Congress has already raised the debt ceiling 78 times...