dRends35

dRends35 Updated 

As we looked at previously, Bitcoin has now slumped to the Long Term Median Line — > This could of course be the start of an enormous bearish collapse... But much more likely is that this is another liquidity tapping move and it can also be a 3 wave correction to move on up. Another possibility is that rather than a 3 wave correction, another more complex...

dRends35 Updated 

Many altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and...

dRends35 Updated 

SILVER Ok so I often joke about how slow Silver is but considering how Gold is moving I think this is worth picking some up here. I think the way to best understand this area is that the bowled dump and recovery is Wyckoff CHoCH Change of Character. Notice how before that point price action is quite noisy and wobbly. But after there is a fairly tight 3 wave...

dRends35

Is starting to look like a Wyckoff Accumulation with the potential ST Secondary Test having just printed. Remember that we want to see ETH Dominance pumping if the "Path To Altseason" will follow the same format of money flow with previous cycles 🤨. Not advice.

dRends35

SPX Gap filled and now looks likely the trend will continue on up within the very tidy pitchfork channel. For as long as SPX remains in the channel then stocks can keep on pumping and breaking out 👍. Not advice

16:11

dRends35 Updated 

Is this the start of the bull market for TLRY ? There are plenty of signals to suggest that it is about to begin... 🔥 Not advice

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...

dRends35 Updated 

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...

dRends35

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

dRends35

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 

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...

dRends35

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...