dRends35

dRends35

XRP with Bitcoin overlaid. Its been a very pleasant ride up since buying @BTC 0.786 retracement as described on my linked Bitcoin thread; up 12%. Notice how XRP pumped with Bitcoin since that 0.786 low on 18th February. I informed you guys on TradingView before my dip buy on my linked Bitcoin video . But Bitcoin is becoming choppy and its due one more...

dRends35

ILV/PYR (BTC) Here's an interesting TA based on the relationship of two low rank game coins in tandem with dominant charts; Bitcoin and TOTAL. This chart is Illuvium against Vulcan Forged without attachment to fiat. Bitcoin is overlaid. ... ILV and PYR are very similar coins with similar chart structure. But ILV appears to be more volatile. A return to the...

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dRends35 Updated 

Here's a video showing in detail my work in this area. Its a highly complex area so never say never... But it would appear that another market smackdown is in the pipeline. I spent an hour of my day making this so if you like it then hit the BOOST to support my work and more traders will see it. Enjoy 👍 Not advice

dRends35

Quite a clean setup here. PONKE has had a heavy whipsawing pivot at the reverse 1.618 Golden Window taken from the 2 extremity pivots of accumulation . This topping pivot also prints a bull trap shakeout through the upper wedge trendline; tapping into higher liquidity beyond, triggering stop losses, then ripping back again. And now PONKE appears to be breaking...

dRends35

ADA has been doing great this cycle and has been one of my favourite charts to read. Here it now looks like a wave 2 of 3 has completed. Notice the wicky wicky action above both resistances. That is distributive liquidity tapping action and a Wyckoff UT UpThrust. If you've been keeping up with my Bitcoin thread you'll know that I called this wave down on...

dRends35

This current fractal appears to be a limp and distributive Inverted Creek (Wyckoff), with a whipsawing Golden Window failure (0.618-0.786). The upper pivot printed in an area of higher liquidity within the retracement Golden Window and beyond the Supply Trendline. So there is double the liquidity in that area ; lots of traders with their stop losses /...

dRends35

Had a very strong bounce but it now looks like that will be a connective wave since it printed a whipsawing Golden Window failure. $584 - $548 retracement Golden Window might be a great dip buy. At $556 there is a double 0.618; extension and retracement. So if I had to throw a dart at the board for the next bullish pivot, I'd go for there. A lower low is not...

dRends35 Updated 

AVAX #13 / (BTC) Has been very sleepy throughout this correction. I quite like the structure: - It has hit the retracement GW. - It had a double stab down before Bitcoin and as Bitcoin made a lower low, AVAX made a higher low. - The whole are looks like a bowl = strong. - It looks to be completing a lower time frame 1:0.618 GW 3 wave correction similar to...

dRends35

Plenty of low time frame chop in this recent area. We first had the "c'ya" upside shakeout (first red arrow) where volatility significantly increased to that of crash structure. This was similar to the volatility that we saw in early February that led to a real crash. But this smackdown became what I call an EC Exhaustion Climax. If we're using standard...

dRends35

A 3 wave upside correction gets all the juices flowing in non technical traders who come rushing into buy. The deceptive aspect of this wave is that the 3rd sub wave is an impulsive 1:1.618. To the untrained eye this looks like a runaway train. But in fact the sudden increase in volatility is a signal that the trend will quickly exhaust. The Wyckoff slightly...

dRends35

MARA Has been slumping for quite a while, and now a Wyckoff slightly lower low just printed with bullish divergence coming in. Its also nicely within the retracement Golden Window; the most likely ratio area for a bullish pivot. So this is now an ideal position to buy! A conservative approach would be to wait to see if Bitcoin prints a retracement Golden...

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...