dRends35

dRends35 Updated 

VET has broken above distribution resistance and trendline of what appears to be a bull flag continuation pattern. If it can continue to impulse past the local top then it will probably continue to - First target 0.618 @ $0.2 Second target 1 @ $0.29 This is a risky swing trade. If BTC collapses so too will this setup. But I think it may just get there...

dRends35 Updated 

DOT tested resistance on previous rally and has broken through with impulse. Good chance this will top at a significant fib. First target 0.618 @ $44.6 Second target 1 @ $66.4 Not advice

dRends35 Updated 

ETH has broken out from last significant resistance with impulse and it looks probable it can burst up significantly higher. I'll be looking to see that price consolidates this area and if it does then; First target is a 1:0.618 @ $4445. Second target is less likely but the fib is there 1:1 @ $5724. Invalidation would be a collapse below last resistance. That...

dRends35 Updated 

This is a follow up to my previous ETH thread where the short has been live a little while. Anyhow price is in prime shorting position. There are always moments where price must reveal itself and this is one of them. Price is anchored to the 0.618 fib retracement and distribution resistance. It is not finding support. This is an extended upside fake-out. D...

dRends35 Updated 

As a great beast is soon to fall... 🐻 What are your favourite Bitcoin charting images? 🤔

dRends35 Updated 

Did you know that every time W RSI has dropped below the centre point it has resulted in a 70%+ bear market from the top. And having crossed 50 in the previous leg down it is very likely price will be spending a significant amount of time with the RSI in the lower quadrant. Good chance price is forming a long term Primary wave ABC and from the perspective of the...

dRends35

Here is my preferred long term count on Silver. Please note this is pure charting. There is no consideration of silver shortages and whatnot. That said, this looks a fairly straightforward count even though the time frame is long and I think it will be correct. This count infers that price action since 1980 has been corrective on the highest time frame. If...

dRends35 Updated 

CLOV has shown its hand and begins another leg down. First target is in the $4 range.

dRends35 Updated 

I've seen a few people interested in this name and so this post is really just a warning. I have no interest in buying this stock currently. And this is where Elliott wave is very useful in seeing the bigger picture. If you're using RSi and other past informed indicators, they will of course find you entries, but this is relevant to the "relative strength" -...

dRends35

MSTR could be done here already as BTC looks to be topping out, but if it can make one more push up to long term 0.618 $844 then it could be a great short. Short term wave could extend to 1:1 $893. Not advice.

dRends35

DOCN looks like it could be a really winner in time, but right here it is a dangerous recently added stock. It is showing bearish divergence on D RSI and looks to be forming a head and shoulders or some kind of breakdown pattern. RSI currently testing the centre point so good chance a downtrend is coming. First I will be looking to see how impulsive the down...

dRends35

Alright Guys, So I'm going to have a bit of a change up here. Its fun having banter around the topic of charting, but I have an excessive amount of trolling on my BTC pages. And this is one downside to TV imo is that there should be a block button. I banter with people also and so its somewhat not surprising, but I dont mind fair criticism at all. In fact if you...

dRends35 Updated 

In each bullish phase the most risky coins pump last. XRP has tagged the 0.618 fibonacci retracement and is forming an evening star fake-out on daily time-frame. Good chance right here is the start of the next long bearish phase.

dRends35 Updated 

It has to be said of the top tier coins ADA chart is very impressive. It looks so desperate to break out and go on a crazy run, but alas it is strapped to the Bitcoin Titanic. This is a great time for window shopping. We can look at potential before the ship sinks. ADA will be one of my top buys down the road. But lets not get ahead of ourselves, the ship...

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And neither is that

dRends35 Updated 

NKLA in capitulation down another 9% today looking very bearish. Increased selling pressure from previous sell off suggests price is in a wave 3 of 5 currently. If 3 then wave 5 may bounce around the 2.618 $5.5. ... But price could also be in the extended C wave of an ABC. If C then price may bounce around the 1.618 $8. ... 3 previous pivots back to...

dRends35 Updated 

COIN looks to have hit a retracement top that in correlation with BTC appears to be a B wave completion striking the 0.382 long term replacement from the top. Its difficult to make a solid projection using the first candle, but if price completes a 1:1 Fibonacci ratio then price could get down to $150 in the next leg down. Targeting earnings for completion. I...

dRends35 Updated 

TOTAL3 shows the recent success of riskier coins that flourish at the end of a bullish phase. Now into bearish phase and weekly candle looking very bearish already - still 5 days left to go. Not a great time to be holding shipcoins.