dRends35

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...

dRends35 Updated 

BYND has hit my long term fib target and has pulled back to the 0.618 - 0.786 retracement that I have been waiting for. Now with bullish divergence coming in and a strong impulse candle just printed, it looks ready to bounce and perhaps even this is the retracement bottom of the market. If it is the bottom, this could be a very lucrative play in this stock that...

dRends35 Updated 

As I wrote in my NDX thread I am finding charts in weak position to short considering that there may be a market correction in the pipeline. When a correction comes, weak charts will often move first and so it can be useful to get in early if you have an awareness. If there isn't a market correction then no harm is done since the chart is already in a weak...

dRends35 Updated 

SPDR ETFs are a great way to have exposure to a market without committing to one particular stock. And here this chart shows the overall market is breaking to the upside in the last few hours. Notice first the bullish divergence is followed by a shallow descending channel which also appears to be a re-accumulation. Then a gap up which looks like it will prove...

dRends35

Is now very close to my first re-entry target @ Accumulation support $116.3. With a higher time frame perspective this will probably be an incredible deep buy down the road in 2026. So if COIN is an asset that must be in your portfolio and you'll be sad if it pumps without you on board then you may decide to re-enter some of your position here (or buy for the...

dRends35 Updated 

This is not a stock I would really be looking to short but there are a series of technical events leading me to set a limit short entry. This is also in consideration of the gap down in indexes that is the first evidence that a bearish phase may now be underway in stock markets. Where "SRP" is on the chart looks like a "Right Shoulder" / "Last Point Of Supply"...

dRends35 Updated 

Hi Guys, I've been away for the last month because I got banned and so i'll have to learn to save banter for other websites. This has only affected my TradingView content. TOTAL2/BTC is a really great chart for identifying the altcoin market cycle. And while I was away, a very key candle has printed on this chart. The chart is Bitcoin against TOTAL2. So it...

dRends35 Updated 

Bitcoin is sitting plumb in a double "Golden Window" (GW) with the week candle about to close and ahead of the ETF decision expected next week. It is within the 0.618 - 0.786 retracement GW blue band and also the 1.618 - 1.786 extension GW taken from the first 3 pivots at the base of the trend. This is not at all proof that a reversal will print here, but in...