dRends35

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

Looks like that little bounce was a short covering shakeout and now the dominant trend has resumed to the downside 🧐. Not advice.

dRends35 Updated 

Ascending wedge appears to be drawing to a close here. It has become very shallow and calm in this recent area. Calm tends to arrive before a storm. There are bearish RSI divergences that cannot be seen through rose tinted glasses. Earnings later today could do anything... But right here WULF looks set to roll off the table down and down 👇🏻. Fanboys that...

dRends35 Updated 

The altcoin market is a real minefield right now with many coins from high to low rank getting smashed and now having limp recovery bounces as Bitcoin pushes up. The market makers have obviously decided to make things quite complicated this cycle; there are big winners and big losers and everything between at all times. TRU rank 354 is waking up with a 12%...

dRends35 Updated 

Current Rank #257. The frenzied trend in meme coins is to buy them very late after they have already pumped hard and arrive to your social media feed through a ponzi syndicate of of content providers that all got in before you. But here's one that you can buy deep and may go on to do wild multipliers from this area. TRUMP coin looks like its made a first...

dRends35 Updated 

ETH Appears to be bottoming at the 1:0.618 Golden Window. Notice that there are no candle bodies below the 0.786 overshoot ratio on higher time frames such as the day chart here. Similar to other coins we are buying, we have the bullish pattern with bullish RSI on the 4 hour chart. ETH can be a great buy in this area because we still await phase 2 on the Path...

dRends35 Updated 

PLTR I've decided to go short right here. Its currently within a reverse extension 1.618 Golden Window from the first wave up. And that is within the retracement Golden Window. The current wave up has breached into higher liquidity above the upper ascending wedge trendline. So as we looked at before, if it tops here it can be a head & shoulders pattern or a...

dRends35 Updated 

CGC Something appears to be brewing in weed stocks currently and Canopy is leading with another pump today - up 16%. Does this looks similar to what we've seen before in crypto stocks GALA and VXV ? Notice that off the bear market we get a ripping pump... Then a collapse down makes a lower low and threatens another wave down. But then a sudden recovery prints...

dRends35 Updated 

SILVER Ok so I often joke about how slow Silver is but considering how Gold is moving I think this is worth picking some up here. I think the way to best understand this area is that the bowled dump and recovery is Wyckoff CHoCH Change of Character. Notice how before that point price action is quite noisy and wobbly. But after there is a fairly tight 3 wave...

dRends35 Updated 

FOMC announcement is coming in soon and most of the FED aware trading community (not hodlers) think the financial world is on the brink of catastrophic disaster. And who could blame them, that is what the news has been forcefully pushing. But what they don't seem to be shouting from the roof tops is that Congress has already raised the debt ceiling 78 times...

dRends35 Updated 

GOLD In comparison to silver looks more bullish and this is quite a bullish looking descending wedge. I am re-allocating my initial long position through this area 👍. Not advice

dRends35 Updated 

SILVER I bought the dip and re-entered silver at support with a limit entry as we looked at before... It printed a bullish hammer / dragonfly doji with buy pressure coming in @ support. It looks good here and both gold and silver are in lower time frame descending wedges. The correction may extend but this could also just carry on up from here into a very wild...

dRends35 Updated 

USOIL Looks like this is a bearish connective wave completing here and it will have another wave down. It just printed a Shooting Star shakeout through the very long term trendline which also a 0.5 retracement; that is a very common continuation ratio in moderate corrective trends. If it can get to the 1.13 overshoot ratio of the 1:1 extension then it can hit...

dRends35 Updated 

Many altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and...

dRends35 Updated 

This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price...

dRends35 Updated 

TSLA Fanboys were cheering the recent earnings pump with positive news... I even received a message from a friend. He drives a Tesla btw 😅. But TSLA is playing the slippery slope game here. And what type of slope will it be 🤔. It could of course just shallow out here and hold. But for as long as it keeps slipping, the probability increases that the earnings...

dRends35 Updated 

Had a small pump from the lows and now appears to be breaking out from a 3 wave correction and this could be the start of the next wave up. The 3rd wave is a contraction pattern also with contracting oscillation. I think this may be a clue that quite a pump could be in the pipeline. On weekly chart as we looked at before SHIB appears to be in a long...

dRends35 Updated 

I dont have time to remember and update all my altcoin threads, TradingView is too disjointed for that. But it does look like many altcoins such as SDAO are heading into another wave down and crypto as a whole; heading into a deeper correction. Here it has printed a weak rally topping at the 0.382 retracement ratio of continuation. There is a long term 0.618...