ForexDreams

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Joined UK
Now trading only Bitcoin with a pinch of Ethereum...
Markets Allocation
Top Mentioned Symbols
EURUSD 68% | 117 USDCAD 8% | 14 BTCUSD 8% | 14 AUDUSD 3% | 6
ForexDreams ForexDreams BTCUSD, 240, Short ,
BTCUSD: We're still going down...
242 0 2
BTCUSD, 240 Short
We're still going down...

Sorry guys, no moon yet. We're heading to the bottom at 4700. First price will break the main support (yellow arrow). It will then retrace (blue arrow). Finally going down deep into mount doom at 4700.

ForexDreams ForexDreams CADJPY, 120, Short ,
CADJPY: Double Top - Incredible R:R
54 0 2
CADJPY, 120 Short
Double Top - Incredible R:R

Double top 3 legs up done RSI divergence

ForexDreams ForexDreams NZDJPY, 60, Short ,
NZDJPY: Double Top or Wishful Thinking?
58 0 2
NZDJPY, 60 Short
Double Top or Wishful Thinking?

Could it be? Slight divergence on RSI. 3 Legs up already done. Small trap on 5mins TF Double Top with yesterday's high. Small Risk, High Reward.

ForexDreams ForexDreams GBPUSD, 120,
GBPUSD: Down Then Up
215 0 8
GBPUSD, 120
Down Then Up

Posting a few trades to test a theory. Price should pull back to the 0.382 line before going up with an inverse H&S.

ForexDreams ForexDreams EURAUD, 120,
EURAUD: UP AND DOWN
82 0 4
EURAUD, 120
UP AND DOWN

Posting a few trades to test a theory. Price should retest the high before going lower and finally going up again.

ForexDreams ForexDreams USDJPY, 30, Long ,
USDJPY: Last Leg Up
80 0 4
USDJPY, 30 Long
Last Leg Up

Posting a few trades to test a theory. There should be one more leg up here.

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Bitcoin Myopia
233 0 3
BTCUSD, 240
Bitcoin Myopia

It's very easy to forget about the bigger picture. The initial plan was for price to go to around 7400 before descending deep into mount doom at 5500. As shown by the pink lines. Price has broken out of the purple channel and these are the likely target and retracement areas. However, zooming out we see there is in fact an orange channel. Assuming we're going to ...

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Bitcoin: The Breakout Pullback Story
298 2 4
BTCUSD, 240
Bitcoin: The Breakout Pullback Story

For those who don't understand what's happening right now and for those who think this is the bottom and we're going back to the moon to set up lunar colonies, I'm sorry to say, not yet my friends. Simply put, there is more south to go, but what does our beloved bitcoin have to do first. It needs to break the channel line in blue. This invalidates the line and ...

ForexDreams ForexDreams BTCUSD, 60, Short ,
BTCUSD: Bitcoin Leg #2 - Short Obviously, Duh!
247 0 3
BTCUSD, 60 Short
Bitcoin Leg #2 - Short Obviously, Duh!

I see something like this happening. Today price could whipsaw along the black channel bottom line, before eventually taking off down, maybe tomorrow. 6000 is the target of leg #2. GL

ForexDreams ForexDreams BTCUSD, 120, Short ,
BTCUSD: Bitcoin Has Left The Station...
447 1 7
BTCUSD, 120 Short
Bitcoin Has Left The Station...

...without me, but it's not too late to make some serious lambo. I had a small short position reach it's target, but I was planning something so much bigger at the right price. 5500 bottom is still in play but it's happening ALOT sooner than expected it seems. As we failed to break the purple line this shows us we're not going higher but in fact resuming the ...

ForexDreams ForexDreams BTCUSD, 240, Short ,
BTCUSD: You like Wedges?
375 0 8
BTCUSD, 240 Short
You like Wedges?

A lot of people are saying the bottom is in, but I disagree. I think we have yet to reach it. 5500 is the bottom for me and will probably take 1-2 weeks to get there. We'll see how this play out. I have also entered in a small short position to hit the bottom of the green wedge. Entry: 7480 Target: 7050 SL: 7910

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Where is the Bottom?
344 3 2
BTCUSD, 240
Where is the Bottom?

This post might be pre-emptive, but I expect price to reverse from where it's at currently back up to the green line - a 0.382 retracement. The RSI is showing signs of divergence as well so we'll see. It should then fall to strong support at 5700. This is the bottom. Get ready to load up here. I'm flat for the weekend, we'll see what's up on Monday. GL

ForexDreams ForexDreams ETHUSD, 240, Short ,
ETHUSD: ETH Moves #1
280 0 2
ETHUSD, 240 Short
ETH Moves #1

Finally ETH is starting to move. It was pegged at 10% of BTC for ages. It's still moving together with BTC, but it's falling faster than it which is apparent by the ETHBTC chart. Therefore I predict we should get a leg down to around $285 followed by a tasty 61.8% retrace back up to $1000.

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Bitcoin Moves #2.5
284 0 4
BTCUSD, 240
Bitcoin Moves #2.5

An alternative idea. $14.5K - $15K still the final target, but entirely possible we may have a deeper retracement.

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Bitcoin Next Moves #2
227 0 2
BTCUSD, 240
Bitcoin Next Moves #2

We're in an extremely bullish run. There might be some retrace at around 12500 but we should end up 14750 - 15000 in the next 2 weeks.

ForexDreams ForexDreams BTCUSD, 240,
BTCUSD: Bitcoin Next Moves
712 3 7
BTCUSD, 240
Bitcoin Next Moves

Is this bottom? No I don't think so. One more move down to 7K. Then a double bottom. Then a 61.8% - Return to "Normal". Then price falls to $1000 to $2500.

ForexDreams ForexDreams BTCUSD, 120,
BTCUSD: Bitcoin Channels
249 0 2
BTCUSD, 120
Bitcoin Channels

1. Price will move up to 14300. 2. Price will retrace 61.8%. 3. Price will touch the white channel high at around 15500. 4. Price will fall to 6700. Hopefully it plays out like this. We'll see. GL

ForexDreams ForexDreams BTCUSD, 120,
BTCUSD: You will get a second chance...
559 0 7
BTCUSD, 120
You will get a second chance...

...to get out at a decently priced 14300 so you can buy back lower... ...and/or short it to ~7000 Standard breakout/pullback setup. GL

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EURUSD
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