dRends35

dRends35

As risk on gravy train continues post FED interest rate cut 🚞, it is certainly worth noting that risk off bonds are becoming significantly bearish. Notice that TLT 20 year bond ETF has seen a significant failure printing a 3 wave pattern with a slightly higher high to then collapse back down. Also notice that it is a failure through the 20 month MA. And this is...

dRends35

As I covered in the weekend video, with S&P leading up and away, it would appear to be a very good moment to top up on some giant stocks. META looks very nice in this area. It has completed a 3 wave correction and it would appear the next wave up is underway. This is also in consideration that there has been 0 negative reaction to the FED "jumbo sized" interest...

dRends35

Is printing a whipsawing bearish Evening Star Candle Pattern. This is following a bull trap failure in the retracement Golden Window (0.618 - 0.786) and also through the rising trendline. So for a short term setup, this is an opportunity to trade with the whipsaw and high momentum. With a stop loss at the top of the upper wicked candle and target at the red...

dRends35

BTC Has today broken out of the descending wedge with impulse and back above the red 200MA. So its back into "bull territory" here... And as I covered in the video, the next bull phase is likely to be very soon. Good chance this is a real impulsive beginning here 👍. Not advice

dRends35 Updated 

Ok so I am short here GBPUSD as I think this may be quite a significant top here. Notice similar to dollar inverted that is has tapped into oversold on the week chart. Also notice that it has hit a very similar RSI as the previous top. RSI tends to rhyme so this is signalling higher chance of a pivot in this area. It has also breached the blue 500 week MA. It...

dRends35 Updated 

CSPR #328 "Charlie" has picked out some coins in their Golden Windows. If you have watched the educational Fibonacci video then you will be able to draw these with a little practice. One on the list that I haven't covered for a while that is now quite interesting is Casper. This coin has a lot of hype. However, the tokenomics are a little iffy since to has no...

dRends35 Updated 

IONQ This now very much looks like the end phase of a Wyckoff Accumulation. Tapped twice into the retracement Golden Window. Multiple lower lows with minimal price discovery is a sign of bearish weakness and momentum shifting to the upside. The arrow points to current price forming a contraction pattern oscillating through the 50MA and tapping liquidity. This...

dRends35 Updated 

Pumping here and growing in strength out of this accumulative area ❗ I think at some point we will see a third and bearish wave, but it may just be a shallow one before this really gets moving on up. Its currently in the retracement 0.618 Golden Window and so perhaps it happens here but it could also make a higher high. Our deeper buys at the higher time frame...

dRends35

Gold is approaching a long term bear market extension; 1.618 Golden Window (1.618 - 1.786, $2796 - 3096). And this month candle is quite a large one with a few days to go. So its looking quite impulsive in this area... If we look at the monthly RSI, it is approaching 81 and the previous peak was 84. As we see time and time again, RSI often rhymes when it comes...

dRends35

BABA A little bit of devil's advocate here and to be clear; my high time frame bias is that BABA is in either beginning Mark Up bull market or it is in the latter phase of accumulation. BABA has been in a long term accumulation drifting sideways out the pitchfork over the last few years. And we have identified the bullish bowl shape in previous ideas. Chinese...

16:11

dRends35 Updated 

Is this the start of the bull market for TLRY ? There are plenty of signals to suggest that it is about to begin... 🔥 Not advice

dRends35 Updated 

BTC Crypto is about to have a week candle close. This is a very bullish candle for Bitcoin. I picked out another occasion where there is such a long lower wick (green arrows)... And it had a very bullish wave up to follow. In the end this exotic area since March has become an expanding descending fractal. Descending is probably a bullish clue. Also notice...

dRends35 Updated 

SEI #68 Wild breakouts in altcoins today. This is now one of my favourites and having a big breakout here - up 16% 🔥. Its a very nice technical breakout here. It was a deep pull back but not too deep like others that I cover - ILV, PYR. It only dipped a little below the 0.618 and that was a sign of strength. And now with a fast breakout, this coin looks like...

dRends35 Updated 

I bought TRU and then went short TRU. Now its time to buy again. TRU above the supply line with a 14% pop so far today. And it now looks like a 3 wave correction is complete with the 3rd wave tapping into oversold RSI. From here this will likely be the next major wave up. See linked threads for my previous TRU ideas; they were both quite funny threads 😼. Not advice.

dRends35 Updated 

BTC Nice 2.5% bounce so far today. And now a choppy and shallow descending channel is printing. Patterns can morph, but a high time frame pump is more likely to come from shallow descending price action than ascending price action. So this is looking positive here. For your notebook; this area has now printed bullish Pattern Separation. This term comes from...

dRends35 Updated 

Had a nice 6% bounce yesterday and now back in the safer area of the descending broadening wedge. So far this week the candle body is an Inside Candle. This is a pressure building candle and it often occurs where balance is being restored and momentum is building for an impulse wave. If we were to see consecutive Inside Candles then that would be quite a...

19:51

dRends35 Updated 

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

dRends35 Updated 

I've been quiet on this one but LCID is an EV stock that can really pump hard when it gets going. Its been a devastating bear market. So many traders will have become rekt through trying their luck with this name. But devastating downside can lead to incredible pump action to the upside. And now it is breaking out fast Already up 25% today and could be more!...