cryptodreamer79

cryptodreamer79

Dear people, It is that time of the year where everyone wants crypto to go up forever. But if we let realism sink in, deep down we know there is a lot of time left before the halving. Yesterday i posted the orange circle, that is where i believe we are at right now if we compare to the previous cycle. We just had the mini bull run and now we refuse to go down...

cryptodreamer79

Chart says it all Next update will show the likely future

cryptodreamer79

Hello fellow traders, This chart is more a reality / sanity check then it actually predicts timing or levels. It is all about making a plan to suit what might be on it's way. The reason i throw this at you is to make you check your plan and see what it does when things don't go as planned. All i see are videos on 70k / 100k even 200k new cycle tops and stating...

cryptodreamer79 Updated 

People around me are all jumping up telling me the bullrun is here. Look just look at ETH it just did 50% up, the time is here we are going to the moon. Sorry folks i don't feel very bullish when i look at the chart: - i see a repeating patern that will likely take us to a new low. - last bear market took BTC down 85% from ath, we still have room to the downside...

cryptodreamer79

Dear people of crypto, Since we started a rise again i see the 100k hype getting bigger and bigger again. The usual youtube suspects start raving about 100k+ targets, TV gets flushed with charts that show straight up lines to the moon, bitcoin gains some media coverage. But when i look at the chart all i see is a bump on the lonegr way down..... We almost...

cryptodreamer79

What we can see in the chart is that the last few weeks are almost an exact copy of the period leading up to the most recent dump of 10k. I suspect a bulltrap leading up to as high as say 39.5k followed by another 10k drop. That would take us to a bottom that is exactly in line with the longer term support around 28k / 30k. If we take into account the dumps get...

cryptodreamer79

I see a lot of people calling for a reversal and i see an increase on youtube in calling insane numbers again. Let's be fair, crypto took a pretty big hit since the 69k top. Now let's just look a little bit back to the last drop (the left fib retracement on the chart). It dumped and after the dump crawled back up to the golden pocket, moved sideways for a while...

cryptodreamer79

Dear people, It has been a while i posted a chart. Over here it's all good, sold most of my crypto between may and dec 2021. Some to soon some to late, but never the less all in impressive profits. Right now i am just watching the market and making plans to buy back in. That is where i seem to get lost in the current sentiment, i simply don't get how the longer...

cryptodreamer79

Breakout to the upside without confirmation, followed by break to the downside without confirmation. Next few 4H candles will tell us what it will be...... up to 54 / 55k or down. No financial advice, butttttt my money is still on a break to the upside

cryptodreamer79

Just for personal reference As long as we don't break the first down target at 10.987 we remain bull As soon as we break down target 1 but don't break down target 2 at 10.477 we are in doubt As soon as we break down targets 1 and 2 we turn bear Target list Down 1 at 10.987 Down 2 at 10.477 Up 1 at 11.763 Up 2 at 12.952 Up 3 at 16.324

cryptodreamer79 Updated 

Ok i thought let's publish the good old chart that has been guiding my trades for the last few months again. Yes it still plays out pretty well. As you can see we clearly broke to the downside by breaking the 8.4k line and staying underneath it for a while. For me that line is now a new resistance. Next targets on the way down are: 6.5k 4.8k 2.6k Be aware this...

cryptodreamer79

Just an old chart that keeps playing out pretty well. It is by no means financial advice. The run up a few days back was a nice fakeout in my opinion. Now we just resume the downtrend. Next stop on the way down is 6.3k, i am not buying there as i expect it to go down at least one more step. That will take us to 4.7k, buying a small stack there as it might flash...

cryptodreamer79

Just a quick update on the chart that i use since the last chart i published. It still seems to work pretty well. Before we look at the lines i wanted to say that i still believe we are in a giant bearish B wave that could potentially take us down to a new low somewhere between 3k and 2k in the remaining months of 2019. Looking at the lines it looks like we...

cryptodreamer79 Updated 

Just a random thought....... It's right on the line now, if we break down 9.2k is the target, if we manage to pull up 11k and a bit or even 12k (based on the long term trendline) might be the target. My gut feeling tells me it will go down and might even break the 9.2k line........ but you don't want to bet your money on my gut feeling :-(

cryptodreamer79

Just trying to get a bit of grip on the weekend. Don't think we will break the top line, if we do we might be in for another bull week. Ranging between the top and bottom line very possible. Breaking of the bottom line might signal more downside in the coming week. No trading advice in any way

cryptodreamer79

People it's been a couple of months again. I don't do short term trading i just buy and hodl. In my humble opinion this bullish move is nice but it is not the start of the next parabolic bull cycle. -Yes the 1 year trend line is broken upwards, but the 6 months trendline was just touched. -There was no real reason for this bullish move so it might come down just...

cryptodreamer79

It's been a while since i published something. Main reason is i simply don't believe in TA or any form of graph fortune telling tools. And yes al of the TA's and pro's will be right in one of there forcasts and brag about it. Like to keep it very simple with just 2 lines and some very basic economics. As long as we are: - below the lowest line, don't even think...

cryptodreamer79 Updated 

For personal refference, so no trading advice Requirements for bullish reversal: - Break trendline from previous high and alltime high - Break previous high of 7.4k Most likely scenerio's: Continuation of bearish trend with dip between 4.5k and 5.5k followed by reversal Continuation of bearish trend with again a drop to 5.5k / 5.8k not followed by reversal We...