dRends35

19:59

dRends35

Here's a video deep dive covering some of my work on Bitcoin and TOTAL. I forgot that TradingView have increased the max video time and did have some other things to cover. So I may make a follow of video soon. This is what can be seen in the chart if you do the work. As I've been saying since the start of the bull market; Bitcoin will get to $174K, but it may...

dRends35

The 3 wave correction was actually done quite a while ago, but with S&P which leads the Nasdaq hitting the 1.618 it wasn't clear. Now it is appears to be fully breaking out having made a re-test with S&P pumping beyond the 1.618. Its not impossible that it could re-test here but I somewhat favour it moving on up here. Either way it looks like the next major...

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Devastating crash from the breakaway gap and it has plunged below support. As I covered before, this could well be a downtrend and there are plenty of EV's in what appear to be perpetual downtrends. This could well be another EV that never recovers. However in terms of liquidity, it has made a new low below support and back within the long term 2.272 Golden...

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Earnings gap up and fanboys are cheering. But this looks like its got a good chance to be an Exhaustion gap. And now another smaller gap up and currently it sits just above the 1.786 overshoot ratio. And also above ATH resistance. There will be a lot of liquidity up here. It makes it ripe for a reversal. So i've entered a short position here. This is also...

dRends35 Updated 

BTC Has today broken out of the descending wedge with impulse and back above the red 200MA. So its back into "bull territory" here... And as I covered in the video, the next bull phase is likely to be very soon. Good chance this is a real impulsive beginning here 👍. Not advice

dRends35 Updated 

Having had such a strong rally I somewhat lost interest in Coinbase but it does look like a great entry is on in this area to buy a solid trending crypto stock. Coinbase had quite a dump yesterday and so this is potentially a dip buy here. As we have been looking at, the slightly lower low looks very much like Wyckoff accumulation and now with yesterday's dump,...

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Ok so I am short here GBPUSD as I think this may be quite a significant top here. Notice similar to dollar inverted that is has tapped into oversold on the week chart. Also notice that it has hit a very similar RSI as the previous top. RSI tends to rhyme so this is signalling higher chance of a pivot in this area. It has also breached the blue 500 week MA. It...

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MASK #155 Has now pumped 68% since low of the breakout. This chart is very exotic but it has similarities with IONQ and SOFI... Because this is another long term 3 wave correction. And now that it is breaking out, the sky really is the limit of how high it can go. Of course MASK is very exotic so we'll see but there isn't really any structure to inhibit its...

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I've been somewhat neutral on this index since the stimulus pump, but now I think the chart is bearish due to this 3 wave failure that I've drawn on the left. The failure is much more obvious on the day chart on the right with a whipsawing Shooting Star top. But on the 4 hour chart we can see the 3 waves. Notice that the 3rd wave completes with whipsaw to print...

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MARA This is an ultra complex chart but I think a 1:0.618 Golden Window (0.618 - 0.786) WXY may be completing here. Notice that there is a slightly lower in this recent 3 wave slump. Both of these lows are slightly lower than the April low. And all three lows are lower than January low. These lower lows are liquidity shakeouts. And when you have many...

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Gold is approaching a long term bear market extension; 1.618 Golden Window (1.618 - 1.786, $2796 - 3096). And this month candle is quite a large one with a few days to go. So its looking quite impulsive in this area... If we look at the monthly RSI, it is approaching 81 and the previous peak was 84. As we see time and time again, RSI often rhymes when it comes...

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Its been a long time since my client entry for PLTR back at $7 . And now the ATH resistance is approaching. ... PLTR printed a very tidy descending channel with strong bullish RSI divergence in the bear market. And it had a strong breakout. But in the uptrend it has printed an ascending channel and that is a little sign of weakness. Of course it has then...

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CSPR #328 "Charlie" has picked out some coins in their Golden Windows. If you have watched the educational Fibonacci video then you will be able to draw these with a little practice. One on the list that I haven't covered for a while that is now quite interesting is Casper. This coin has a lot of hype. However, the tokenomics are a little iffy since to has no...

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As risk on gravy train continues post FED interest rate cut 🚞, it is certainly worth noting that risk off bonds are becoming significantly bearish. Notice that TLT 20 year bond ETF has seen a significant failure printing a 3 wave pattern with a slightly higher high to then collapse back down. Also notice that it is a failure through the 20 month MA. And this is...

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Ethereum is closing a very strong week here and as I have already covered with my clients now appears to be in prime position to begin its period of market dominance known as: "Phase 2" of the " Path To Altseaon ." Notice that ETH.D is just below the June low and so this is an area of higher liquidity ripe for a reversal. Also it is in a 1:1 Golden Window...

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IONQ This now very much looks like the end phase of a Wyckoff Accumulation. Tapped twice into the retracement Golden Window. Multiple lower lows with minimal price discovery is a sign of bearish weakness and momentum shifting to the upside. The arrow points to current price forming a contraction pattern oscillating through the 50MA and tapping liquidity. This...

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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 

These upper wicked candles (red arrows) have my attention and notice that they make a slightly higher high whereas the RSI makes a slightly lower high. I have the RSI source set to "high" so that the upper wicks are recorded. And also a slightly higher high is often Wyckoff liquidity tapping. Then check the fib retracement and notice that this is all happening...