dRends35

dRends35 Updated 

#652 Low rank and ultra volatile Assemble AI is printing a shallow descending wedge. It looks like it might be a bull flag with plenty of pop. Not advice

dRends35 Updated 

Very bearish content is now circulating here, YouTube Twitter etc So my technical perspective is currently in the bullish end of the spectrum except for crypto fanboys that always post bullish. But there is significant danger because both Nasdaq + S&P + Dow Jones and TOTAL have hit significant long term 1.618 ratios. TOTAL: Nasdaq Futures: S&P...

dRends35 Updated 

Crypto is slumping but some coins / stocks more than others. ADA has been one of the strongest coins in accumulation, in pump action and here appears to be again one of the strongest in correction. And this looks like a bull flag developing here. If Bitcoin prints a selling climax then ADA will likely break the bull flag to the downside. But this is common...

dRends35 Updated 

Bitcoin has been dumping hard with indexes and many are now considering that a deep correction is now on. Its worth noticing that Bitcoin is in a key 0.618 - 0.786 retracement area. It is higher probability to bounce in this area than other areas of the chart. Historically Bitcoin loves to bounce near the 0.786. A lot depends on stock indexes... Because all 3...

dRends35 Updated 

DXY This is now a very strong bounce and a bullish morning star candle pattern is printing on the month chart still with half the month to go. I think this may be first major bounce from the market topping slump back in 2022... From the crash low I see it as an AR "Automatic Rally" (short covering) into a 3 wave correction... And now the real bounce which may...

dRends35 Updated 

I clicked "trading closed" or whatever on the previous thread so its easier to start another one, but look back for previous detail if you like... ... NQ1 Quite a wild little period here as you're busy preparing for Christmas 😅. But this is now a juncture where the wild downside may be coming to an end. ... Nice little bounce so here and its a weak 1:0.618...

dRends35 Updated 

These post interest rate decision areas tend to be high volatility with wild whipsaws. We've certainly had high volatility with an immediate slam dump reaction today. But bonds also dumped today and in what appears to be in a high time frame downtrend: This is positive for stock indexes. A 0.25 rate cut does suggest the FED is on track with inflation and it...

dRends35 Updated 

Did look weak having slumped through the demand line. But it has now made a strong recovery back above. This is a significant tide turning event I think. And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase... This leads to a slump. From there, the first uptrend of significance has begun. So PayPal is a...

dRends35 Updated 

BTC Notice that since the whipsawing and liquidity sweeping 3 wave correction, Bitcoin is bending up and away from the ascending demand trendline. As we looked at and expected; the Morning Star was was the foot of this next wave up: And it would appear those two events link a high time frame correction into the next high time frame wave up. BTC is close to...

dRends35

TOTAL Its worth noting here that the market bounce has arrived to the retracement Golden Window. It may well be fine and continue to drift or move up. But if we were to see some significant bearish whipsaw here then that may be a signal that a third wave down may print to complete a 3 wave correction. I'm not saying this will happen but if we see that whipsaw...

dRends35

Bitcoin corrects and altcoins dump at Phi related ratio bands on the TOTAL chart. Three of these correction have occurred so far this market cycle. Understanding where they are and how to plot them is perhaps the Holy Grail of this line of work. Enormous profit to be made in anticipating them. Pain for those that are unaware. Not advice

dRends35 Updated 

TSLA Will hit ATH resistance soon. There will likely be some sort of sell off... But this trend looks strong. I think this will soon break into the next bull market 👍. The arrow was well drawn 😅 but I didn't post this one on TradingView Not advice

dRends35

BTC Lots of lower wicks in this area since the retracement Golden Window (0.618-0.786) whipsawing bounce from the third wave completion. This is a sign of strength. Also notice how the candle bodies beyond the whipsawing hammer candle hold the price range well and there are no dips. This is another sign of strength. Looking good to continue on up. From here...

dRends35

Hang Seng printing a limp ascent - looking weak. This is a short here or perhaps after a bull trap shakeout through resistance would be better. I won't take it though, I have trades elsewhere. That bull trap shakeout short opportunity where the red arrow is, was a great opportunity... But one for the notebook this time around 👀. I have no interest in Chinese...

dRends35 Updated 

Bitcoin is printing another bullish candle with lower wick. The lower wick is a bear trap shakeout and this increases the chance of a significant move higher. So with 2 strong candles, a third bearish wave of a 3 wave correction may have completed. If correct, then this is the next wave up. ... This area also appears to be a contraction triangle. This is a...

dRends35 Updated 

#168 This is one that Milo would like to look at. This chart is somewhat similar to Cardano though without yet shifting into pump mode. Notice that it held very well at the 0.618 retracement following an upside correction. So this may follow ADA and have a pump soon. Often lower rank coins will pump later 👍. Not advice

dRends35 Updated 

Top game coin has been very strong and is already up x3 since our perfect $0.25 November entry. But the question is; can it get to $83?

dRends35 Updated 

ROKU Has had a strong recovery following another slump. Notice the fractal symmetry similar to Bitcoin that we have had a selling climax followed by a recovery and then a weaker slump. This recent weaker slump is an exhaustion wave I think. And this area can also be viewed as a completed 3 wave correction. And so with bearish impetus depleted, this can be an...