dRends35

dRends35 Updated 

Did look weak having slumped through the demand line. But it has now made a strong recovery back above. This is a significant tide turning event I think. And so it would appear that yet again we have a 3 wave upside correction to initiate an accumulation phase... This leads to a slump. From there, the first uptrend of significance has begun. So PayPal is a...

dRends35

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 -...

dRends35

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...

dRends35

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...

dRends35

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...

dRends35 Updated 

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...

dRends35 Updated 

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...

dRends35 Updated 

Bitcoin is moving on up after a fast whipsawing shakeout bounce. This is a typical liquidity snatch of the market makers and now that it has happened, there is more strength in the area. Notice how it devastating it looks here! And it was bought back up in a hurry; right at the 0.618. As I'm writing this it correcting back down but this area should now...

dRends35 Updated 

LDO Leveraged setup here. I dont think LDO will fall below the green dump candle and things are looking very bullish so I have used the leverage as my stop loss. A x10 leverage trade here will liquidate @ $1.781. Don't take this trade if you can't cope with getting liquidated. But I think it has a good chance to work. And if it does work the gainz will be ...

dRends35

dogwifhat is fully breaking out from a tight contraction pattern. This coin is one of the strongest meme coins. It had a long and very deep 70% correction. The sky is the limit for this dog. Not advice.

dRends35

FLOKI Cheeky dump from the Creek channel as per Schematic 1 Wyckoff Accumulation. And now it is lift off ❗️ It looks like meme coins are going to have some roaring pump action in the next phase. This is still a decent momentum buy here I think. Will likely go up and up from here👍. Not advice