Trent.klarenbach

Trent.klarenbach

CRYPTOCAP:TOTAL A weekly close below the yellow Phase 2 line brings a Phase 1 target.

Trent.klarenbach Updated 

NASDAQ:BZUN I see BZUN testing the bottom of a descending triangle for the third time on the Weekly. Today's price is just below the blue YTD VWAP with the purple 50 Week MA acting as support. I also have a Hyperwave Phase 2 line in this area as well. I also see the beginning of Wave C of an ABC correction which my measured move estimate takes us to a minimum...

Trent.klarenbach

INDEX:BTCUSD CBOT:ZW1! The Bitcoin Wheat Ratio appears to be in a Hyperwave, Assuming that I have drawn my Hyperwave correctly, The phase 3 line has been broken. A weekly close below this line suggests a test of the blue Phase 2 line. A weekly close below the Blue Phase 2 line brings the ratio back to the green Phase 1 line. Does this suggest a...

Trent.klarenbach

NYMEX:CL2! NYMEX:CL1! Crude oil is sitting at the confluence of the green 50 Day Moving Average and the blue Anchored Volume-Weighted Average Price from the October 25th high. Each of these on its own often reverses the direction of the price. The green dashed arrow outlines a bullish scenario if the price breaks through this confluence which suggests a...

Trent.klarenbach

MGEX:QMW1! MGEX:QMW2! My bullish and bearish scenarios.

Trent.klarenbach

USDCAD broke out of this trendline on the Weekly chart from last March. I anticipate a retrace to the trendline first, however, close above the purple VWAP could mean a substantial move higher

Trent.klarenbach Updated 

GEMINI:BTCUSD This bearish idea is a bit of stretch as neither Head & Shoulders patterns have completed. However, I believe that it should be considered. Target 2 would be a 74% retracement which is not unheard of in BTC.

Trent.klarenbach

KRAKEN:XRPUSD I was asked about XRPUSD for a 4-5 month hold. The weekly chart is on a green TD9 and recently found sellers at the Golden Zone. The price is extended from the green 50-week Moving Average. I would look for a new closing high or a pullback to the 0.765is area

Trent.klarenbach

CRYPTOCAP:BTC This bearish idea is a bit of stretch as neither Head & Shoulders patterns have completed. However, I believe that it should be considered.

Trent.klarenbach

CRYPTOCAP:BTC Bitcoin Market Cap looking toppy

Trent.klarenbach

CRYPTOCAP:BTC.D Bitcoin Dominance is on a Weekly Red 9 and at the .887 fib retracement level. If Bitcoin drops, do the Alts drop more?

Trent.klarenbach

NASDAQ:SDC is consolidating with a recent test of the 50 DMA. I like it here for a long position.

Trent.klarenbach

BDXT Swing Trade Idea Nice Consolidation above the 50 DMA forming an ascending triangle. I like it above 35.10 with a stop under 31.62

Trent.klarenbach

NASDAQ:BYND Price is below the declining 10-, 20, and 50- Day Moving Averages and is testing the VWAP from the March lows. This could be a short opportunity.

Trent.klarenbach

NYSE:SNAP short idea with the red rectangle as a target defined by the light blue YTD VWAP, the yellow/orange VWAP from the March low and the purple 200 DMA. Also, note that the red area coincides with previous support and resistance levels.

Trent.klarenbach Updated 

NYSE:SHOP Weekly chart of SHOP. How much longer can it go straight up? Regarding SHOP. It has quite the run for a Canadian company. It looks like a Hyperwave to me. If it is a Hyperwave then we can expect a retrace to the orange Phase 3 line. The green box is a level of interest using Fibonacci Extensions and Fib Retracement tools.

Trent.klarenbach Updated 

NYSE:SHOP Elliot Wave Idea

Trent.klarenbach Updated 

NASDAQ:BYND I can see BYND following this ABC Correction