dRends35

dRends35

ADA trend has been one of the strongest as Weekly MACD shows, but don't fool yourself it is strapped to the Bitcoin Titanic and will easily lose 90% from here, much to the dismay of hodlers. Apparently it is different this time. I don't think so.

dRends35

Title says it all. Weekly MACD has crossed for the first time this year. There's no coming back from this, it is a reversal and I will be looking to buy for a VERY heavy discount down the road. I first called VET top at $0.2 before the crash and can you imagine received a lot of unhappy comments.

dRends35 Updated 

Title says it all. MACD has crossed for the first time this year. There's no coming back from this, it is a reversal and I will be looking to buy for pennies down the road. I first called THETA top at $12 before the crash and can you imagine received a lot of unhappy comments.

dRends35 Updated 

Some frothy ALTs have been pushing up while BTC looks very corrective hovering around 0.618 of the previous local peak. Reasonable chance THETA will tag 0.886 from the top-to-crash-bottom before heading down. Also if recent price just printed a minute wave 2 then a 5th wave would almost exactly hit the 0.886 at $13.5. I have a small short order in this area. Not advice.

dRends35 Updated 

Volume profile reveals two high volume nodes; the first of which price already had liquidity rumbled in the previous collapse. Next logical step down will be to the POC at $1.2K which also finds confluence with a 1:1 Fibonacci projection to $1.15K area. See you there!

dRends35 Updated 

VET is back at resistance at 0.13 with BTC back to POC. Looks a good short yet again. I might hold this one and wait for the BTC elevator. Not advice.

dRends35 Updated 

To revise previous Trend-Based Fibonacci TIme - Bitcoin is coiling and has completed an E wave of the contracting triangle. It could fall out to the downside however it looks probable that price will drift sideways to somewhere near the 1.618 fib-time around the 11th June. From there I think we are about to witness the biggest crash ever in Bitcoin's history.

dRends35 Updated 

BTC regressive structure becoming a bit unclear here with a bounce shy of the lower pennant trendline. BTC and alts may gravitate towards their POCs in indecision. Will stagger into a short position if price returns to this area around 38K in BTC and ETH.

dRends35

2 Week MACD has crossed. There has never been a cross on a time frame as high as this that didn't result in a bear market with 70%+ loss. Any remaining bulls are now dreaming.

dRends35 Updated 

ETH has moved to the upside of POC and looks a good short from here to the upper trendline. I'm laddering in. Invalidation would be a break to the upside 4hr candle close above the trendline. Not advice.

dRends35

Not much analysis on this one - just to let the naked arithmetic scale chart do the talking. Bitcoin is about to print this huge engulfing monthly candle. If you're on the fence in terms of what stage on the market cycle price is at, does this look bullish to you? Is this a movement price can make and then get back on the Plan B path to Mars? Does a collapse to...

dRends35

MATIC has been one of the strongest in recovery following Bitcoin's crash returning to 0.886 retracement near ATH. But this strength surely comes from optimism that the BTC bull is not done. MATIC reacted to BTC 30K crash losing 72%, but when Bitcoin shows its hand shortly and continues the crash towards 20K, its not difficult to see what will happen. A 90% loss...

dRends35 Updated 

Bitcoin now appears to be in a flat wave 4 of a 5 wave crash structure. If correct the 5th wave could crash down to the 16-17K area in a devastating collapse. Potential wave 3 respected the 1.618 projection at 35.4K taken from 0,1,2 pivots. Price only wicked through and shows this is likely correct. Wave 5 target is a 1:1 projection from wave 4 at $16.2K. (An...

dRends35 Updated 

ETH has made it back to 0.886 with BTC at downtrend resistance. A great short right here. Not advice however.

dRends35 Updated 

TOTAL is faltering at resistance and appears to have completed a B wave retracement. 1:1 Fibonacci projection finds confluence with the next step down of support in the $800B area. Trend-Based Fib Time taken from the 3 pivots projects C wave completion late June. See you there.

dRends35 Updated 

Just a quickie, but Weekly MACD lines have gone WIDE apart and now crossed back at pace. Every time that has happened in the past it went below 0 before price recovered. Signal line is currently near 10000, so where will price be if it goes below 0? "Oh its not going to do that this time." Ok we'll see.

dRends35 Updated 

I'm not shorting THETA but as with all alts it is on the brink of collapse right here. Tagged the 0.886 as did many others, I doubt it will go higher. Price could really collapse here in tandem with Bitcoin capitulating out of a wave 4 flat correction into a devastating wave 5. See my Bitcoin thread below for details. @kevlemarin,

dRends35 Updated 

I'm not shorting BNB but as with all alts it is on the brink of collapse right here. Retraced just shy of 0.886 as did many other alts, I doubt it will go higher than this local top and price could really collapse here in tandem with Bitcoin capitulating out of a wave 4 flat correction into a devastating wave 5. See my Bitcoin thread below for details.