dRends35

dRends35 Updated 

#7 Very much starting to look like this is yet another chart instance of bullish Pattern Separation. This is where we see a bearish ascending channel followed by a bullish descending channel. This chart is very exotic and dynamic. But its all the same and if you can pick this patterns out then you can have an idea of where momentum is shifting to. In this...

dRends35

BTC Following the bearish "Eve & Adam" dome & spike pattern, the possibility of this are being a running (bullish) 3 wave correction is increasing. Notice the bullish RSI divergence that will print if a solid pivot is formed here. We've seen some pull backs in related coins and instruments. Since there is no obvious bounce as yet, there is risk in buying...

dRends35 Updated 

ALGO looks like a tight accumulation here and it may have a big pop to join that party with other ISO20022 coins XLM XRP XDC. Liquidity SRP Shakeout Reversal Pattern at ATL All Time Low complete and now it would appear it is ready to move on up. ALGO is a big deal ISO20022 coin and this is probably the exact bottom of a major bull market. I mostly give...

dRends35

Is pumping hard and fully breaking out against Bitcoin as well as dollar. Incredible that it is breaking out against Bitcoin while Bitcoin is in a strong uptrend. Very wild and very lucrative. Especially if you bought in the correction after BTC selling climax - see my Bitcoin video for details - linked below . Already x4 up from there MSTR will do another...

dRends35

SPX500 More whipsaw as markets open, but this time it is bullish. Overall it looks like volatility is decreasing without anything too dangerous printing. Notice that a slightly lower low has printed and there is bullish RSI divergence between the lows. This is a little bullish Wyckoff clue. And so it is still a more dangerous area than elsewhere in the chart...

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...

dRends35 Updated 

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...

dRends35

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,...

dRends35 Updated 

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...

dRends35

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...

dRends35

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...

dRends35 Updated 

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...

dRends35 Updated 

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...

dRends35 Updated 

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...

dRends35 Updated 

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...