dRends35

dRends35 Updated 

SAND top again but from perspective of Wyckoff - distribution schematic 1 + re-distributive bounce. Interesting to note Supply trendline is a feature of Re-distribution, but it works well in this distributive top. Distribution - Accumulation - Re-distribution = ABC.

dRends35 Updated 

SAND another rogue runner here moving against Bitcoin trend for some time. Has hit 0.786 to reveal bearish candles. Might bounce a little into $0.5 range but In the end it will make no difference - its going deep and easily get to ABC 1:1 C wave completion $0.1. If its a wave 3 it will go much further.

dRends35 Updated 

Nice setup on TLRY here that has been correcting from a powerful rally for some time. On the previous bounce price tagged the 200ma and completed an ABC correction to 0.618. Here the same thing is happening again - price has today bounced off the 200ma and completed a 0.618 ABC correction. Also price is approaching 1.618 fib time from the two previous...

dRends35 Updated 

HYLN looks to be finally emerging from a severe bear market as are other EV names. Bullish divergence HTF and bearish LTF - I'll be looking to sell OTM puts and maybe buy an ITM call as a synthetic stock replacement in the $8 range and lower if price allows. These EV stocks move like cryptos when they get going. Could be fun. Not advice.

dRends35 Updated 

TOTAL completed a death cross and anyone bullish is surely confused hodl-plankton waiting for the tide to wash them away until next season. Re-distribution dissected by 200ma. No need to draw ICE.

dRends35

LUNA has been one of the weaker coins in this early bear market and has suffered a gigantic collapse already. I think this coin will go much lower than my first target which will remain as it was when I called this crash before it happened - $1.

dRends35

CELO is about to break its retracemnent topping structure and then there will be very little to stop it bouncing down the hill into the abyss. No bottom target currently as this is a newer coin. We'll just have to see where it gets to down the road next year.

dRends35

ADA has been one of the more resistant crypto names in this early bear market, but that enormous shooting star shows the bullish trend is very much over. Capitulation on the way and it will be interesting to see how ADA responds. First target currently $0.4.

dRends35 Updated 

AMC is topping out here and that's an enormous cliff face approaching for price to to fall down. This has been a good name for selling puts on and I would like to rinse and repeat with high IV down the road. First target for entry at $12 but it may go much lower. An aggressive trader could buy a put here perhaps, but its not a trade for me. Not advice.

dRends35

MATIC is close to breaking its topping structure and capitulation may be arriving soon. It will probably go much further but my first target is $0.1 Arithmetic mode really brings home what is going on here.

dRends35

THETA for all its previous strength now looks ready to enter into full capitulation following a bouncy castle top. In arithmetic mode its clear to see a disaster is unfolding for hodlers. I called this collapse before the crash when price was at $12, predicted price would get under $1 and received some heckling. One member even offered $10K if I was right, but not...

dRends35 Updated 

MA's show price is falling down a mountain, or perhaps a waterfall. No stable ground. Regressive all the way. When I shorted back at $4.1K I gave a price target of $500 and nothing has changed - it should easily get there, perhaps go quite a bit lower and one day be a great long. We'll see.

dRends35 Updated 

Ok so this may be the umpteenth re-distribution / accumulation you've seen by now and perhaps gritting your teeth at the sight of another, but having compared BTC with some re-distribution charts, it seems to fit best and perhaps more useful then EW counts - we'll see. Essentially the formation seems to have 2 distinct areas with "ICE" the separation, where in...

dRends35 Updated 

This is the elliott wave count I'm working with currently - a complex WXYZ with two contracting triangles. But take a glance at the two dotted lines and what do you see? For all its complexity this has been nothing but a long contracting triangle wave 4. Where does it end exactly? - I don't know. Price has moved passed the fib time target. However tightening...

dRends35

Following a strong motive rally with huge blow off top, SNDL has corrected to 0.618 Fibonacci retacement to bounce too 200Dma and is now holding approximately at 0.618 retracement again above the 200ma. Price could fall more of course, but sideways drift suggests correction is either done or nearly done. This is another WEED name with A LOT of trapped buyers above...

dRends35 Updated 

A nice little setup happening here. ETHBTC is topping and has retraced back to 0.618 of the previous sell off. In addition there is an ABC 1:1 price confluence also hitting the same area at 0.618. Could price go higher? - of course anything can happen, but there is plenty to make a case that price reverses right here right now. In addition: 1) BTC appears to be...

dRends35 Updated 

DXY has tagged the upper trenline of a contracting triangle and LTF movements look weak now. That said the circled candle reveals where price wants to go: The fastest move dicated the dominant trend. This HTF reversal will take some more x axis action first though with maybe another touch on the lower trendline which could be good for stocks. Not advice.

dRends35

VIAC having run up a mountain to fall off a cliff is finding long term support on the 50ma and trending just under the 200ma. Its almost as if the mountain didn't happen, and price could well continue on up and find a rally down the road. That recent little impulsive pop through the 200ma shows where price wants to go I think. Not advice.