dRends35

dRends35 Updated 

SHILL #1993 My alert just triggered because SHILL is now in oversold RSI on the week chart. And it has only been oversold like this for a brief moment back in 2023. RSI symmetry is common so there is a reasonable chance that it will bounce somewhere similar to previous RSI all-time-low. So this is now in the area where you might put a small entry in with the...

dRends35 Updated 

Good chance this is the beginning of the XRP bull market right here. This shallow contracting triangle now appears to be a consolidation. And now potentially into the next wave up. 👍. Not advice

dRends35

Gapped up to start the week and its another gap up today. We'll obviously have to see this develop to have an idea of whether this bounce will have any strength But significant pivots often happen with higher time frame gaps such as a weekend gap as we had yesterday. Notice that the previous two bottoming pivots began with a gap up on the week chart. This is a...

dRends35 Updated 

VET #42 If you're looking to buy a solid top tier altcoin that may bring you the volatility that comes only with altcoins but with less downside risk than many others, then VET is a great choice here. This whole area since June '22 has been very shallow in reflection of the highest time frame trend. From the bearish "SC" Selling Climax low of '22 we had...

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Looks like it may be finding a pivot at the 1:0.618 extension Golden Window. This would complete a 3 wave correction. The length of the 0.618 is shorter and thus it is a weak ratio. It doesn't prove that a hard dump is coming and quite likely we'll see another shallow wave extend back down and into a higher time frame correction. But remember that we didn't...

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AUTL is a big deal in medical innovation. If their lead cancer product "Obe-cel" gets approved then it may pump. On the chart this area is likely to be an accumulation unfolding. We've has a 3 wave move up as we've seen many times in crypto already. A 3 wave move up is corrective and so it is likely that we'll even see a Golden Window retracement $2.23 -...

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Worth noticing that the bond yield curve did very briefly push above 0 with a very whipsawing spike. This happened at the S&P selling climax low. And it does look like we will see a real move up and through the 0 point either soon or in the not too distant future. Which in tandem will see increasing unemployment. And that apparently is a clue that recession is...

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Here we see the importance of constantly using all the time frames to see what candles have printed. Bears are cheering the next wave down as if it is inevitable. But let's take a closer look... Notice the very long wicked Hammer candle (green arrow) on the S&P week chart that printed last week. Considering how bullish indexes are, that is an immediate "nail...

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BTC Has slumped today. Remember that at some point in this sequence there is perhaps slightly greater than 50/50 chance that Bitcoin will make a 0.618 pull back. I am buying altcoins through this area, but be aware that the ideal buy point is the 0.618 @ $53644. If it overshoots it may go deeper. And in a real dump it could get back to the 0.786 overshoot...

dRends35 Updated 

BTC Now on higher time frame notice that the Golden Window catches were also in higher liquidity just before the lowest and therefore most significant support. So this is an ideal point for a bounce. I think this may go one of two ways from here. This may be the retracement bottom and BTC push on into the next wave up from here. Or it may be a connective wave...

dRends35 Updated 

USOIL Slumped with PCE inflation data today. Now down below 2018 support again. Notice the highlighted bullish RSI divergence. And now the RSI is currently quite raised. This can mean 1 of 2 things: 1) The slump is an Exhaustion Climax with momentum shifting to the upside. 2) The bullish divergence was exhausted in the bounce and now this is a new wave...

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WIF dogwifhat appears to be one of the strongest coins in this area. And a loosely defined contraction pattern is printing. So considering that the market dump is probably behind us; I have bought Spot and a x6 leveraged trade. x6 will liquidate 5.5% below the market dump low @$2.192. Considering how bullish Bitcoin has become, I dont think it gets...

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I have overlaid Bitcoin over Bitcoin Dominance. Since and including the market bottom we have had 2 major pivots until now. The 3rd appears to be breaking out now. And so the moment when Bitcoin breaks out following a long sleepy correction tends to be when Bitcoin Dominance also breaks out as highlighted by the arrows on the chart. The effect of this is...

dRends35 Updated 

After a nice bottom catch at the 1.618 (see linked thread) BTC has pumped hard. And now it appears that a contraction triangle is printing. Might wobble around - I am not saying it has to pump at the apex; the corrective price action could extend But it looks likely to breakout into the next wave up soon en route to an eventual $174K 🧐. Not advice

dRends35 Updated 

BTC Is calm but I think we may see a dump. This slightly higher high could have been fine if it had quickly continued on up. But now it is starting to slip down, it looks like it may be a Distribution with higher high being UpThrust UT. There is a little danger here. Where it looked so strong, it has only reached the higher time frame retracement 0.786...

dRends35 Updated 

Lets be real here, most BTC miners look in bad shape and this is a dicey market. Top tier miner MARA you might think is warming up, but I say it is having a dead cat bounce. So perhaps a change of guard is happening and market favour has shifted in favour of IREN. IREN is the clear winner in this area and the only clean chart. Higher time frame contraction...

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GOLD Ok, I've had a bit of a change of heart with GOLD. In highest time frame I think very much that the trend is up. But I think there may be a bit of a trap here. Similar to Bitcoin, I don't like slightly higher highs because it can be Wyckoff Distribution. And we've now had 2 in this area. I'll go into more detail on this in the next video. But I think...

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...