dRends35

dRends35 Updated 

Its been a long time coming but today NIO has hit my buy point after a long and devastating bear market. And its no impossible that this bear market could continue down and down but today it has hit a significant Support @$5.65 and the 0.618 retracement @ $5.55. So far today it is printing a hammer on the day chart and although that can be considered to be an...

dRends35

SHILL is a low rank gaming coin (#1043). Gaming coins have been a big winner so far this cycle. It is pumping and now into the first really impulsive phase following a prolonged correction. It can be a decent momentum buy as it is still well within the retracement area. Low rank = high risk but high reward. From here it will likely challenge the top and could...

dRends35 Updated 

HYDRA (Rank #1168) Digging around for more deep gems so I can trim off the winners and here's a coin I found. This one looks ultra volatile similar to XPR and its had a small push up of what appears to be a wave 2 low. There is a very obvious V shaped CHoCH Change Of Character and it would appear the bottom is in and this is in ideal position to buy. The RSI...

dRends35 Updated 

ILV (Rank #147) Looks like it has completed a fairly shallow 3 wave correction relative to the overall trend. Since then it has slumped back almost reaching the 0.618 Golden Window @ $83 in reflection of BTC 10% flash dump today. I'd really like it to pull back to $60 and will save some allocation for that in case we do see some significant dump action...

dRends35

NATURALGAS This is perhaps now the only major asset that we cover that I think perhaps is yet to bottom. But it looks like it is setting up for a pump. Ascending wedges are generally bearish but Nat Gas is so wild that it will often pump hard first before dumping down and down. This is a difficult call but I think that we have not yet seen Wyckoff ST Secondary...

dRends35 Updated 

When the great buy-the-dip opportunities were available for FET the bears were in song and it was oh so foolish to buy Bitcoin, let alone buy high risk altcoins. But AI coins are flying now and soon FET will make new highs. This is only a second bullish momentum candle printing on the week chart so this could go quite a bit higher from here considering how many...

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...

19:51

dRends35 Updated 

Highly probable Bitcoin has now bottomed. Looking for a move up to at least $174K. See you there!

dRends35 Updated 

Here's another Nasdaq stock to short in consideration that there may be a correction coming. GLYC has printed the SRP shakeout up-down whipsaw that is so often a signal that the trend has changed (as we saw with Bitcoin recently). Strong bearish RSI divergence since much lower in the uptrend could be a big clue that this will have quite a tumble. And so I have...

dRends35

LYFT This is one that "XYZ" is interested in. Its a company based in "ride sharing" - an online network of shared bikes and scooters The chart looks quite reasonable - long term bullish divergence coming in from a downtrend. The current wave up could be a Leading Diagonal that could form a higher degree wave 1 or A of an uptrend. Regardless of which, the next...

dRends35 Updated 

CLSK has recently been the strongest Bitcoin mining stock and perhaps that has to do with a move to "greener" mining. But another wild gap up today makes this trend unstable and this may become some sort of Evening Star topping pattern may be printing here. Its currently in the 1:0.618 extension "Golden Window" (up to the 0.786 overshoot ratio) and if it pivots...

dRends35 Updated 

Is looking bearish in the short term here ahead of Earnings. Notice we had a bearish upper wicked candle (first arrow) to complete the bearish ascending wedge and it recovered to print another wave up that has seen heavy sell pressure with a long wicked Shooting Star (arrow) and now a bearish momentum shakeout (arrow). So the current chart pattern for this area...

dRends35

Is printing an Evening Star candle formation on the week chart, so its potentially ripe for some bearish action post earnings and we may even see a significant pull back. Could be some wild whipsaw, but this looks odds on to go lower. Not advice.

dRends35 Updated 

Its worth noticing that Nasdaq has printed a gap (exhaustion?) up and small upper wicked candle with bearish body right at the 1.786 overshoot ratio of the 1:1.618 Golden Window taken from the 2 month correction in 2023. So this might be a top for this area. It doesn't mean that Nasdaq must have a major correction since the pivots are within the trend. And so I...

dRends35 Updated 

Is up 13% so far today and my short puts are now up at 72%. It won't be too long before it will be time to buy them back to close the trade and take the premium. I have overlaid BTC so you can see how early this bounce happened. It began to bounce before BTC had bottomed. And that was fine because I use limit orders to capture an area. This trade was in part...

dRends35

Has had a nice pop but that long wicked Gravestone Doji is a clue that it will hang around in this area for a while. ARB looks great but I think it may take a little while before the next wave up 👍.

dRends35 Updated 

Bitcoin ETFs have been approved and hit the markets today with wild volatility coming in. From the previous thread I have adjusted the extension Golden Window (GW). In the previous thread I was using the 3 point trend based extension. But using the same extremity pivots here I am using the 2 point "Fib Retracement" that can be used also for extension. I am...

dRends35 Updated 

In terms of ratio this area has been all about whether the 0.786 overshoot ratio could hold. And although it was briefly breached it has held very well between 0.618 and 0.786 band. Since the start of the year it has been printing a contraction pattern and it is just starting to look like it may break up here. It may also slump back to extend correction and...