dreamsound

dreamsound Updated 

My thoughts on Ripple XRP's next move for the next week or so. While many analyst are saying this is the ABC correction with a potential C wave coming down for BTC all the way to 6k / 6.5k. I'm seeing this as a 4th wave coming down and a final 5th wave in as I type this. This correlates with bitcoin getting to 9k-10k resistances and THEN beginning a big ABC which...

dreamsound

Ok, I'm assuming everyone knows Bitcoin is attempting an ascending triangle. What I don't like about this ascending triangle is the bearish divergence. What I really DON'T LIKE is the cross to the negative side as of two days ago on the MACD. This just shows that 'winter is coming' and the perfect opportunity for a short with it. Of course this is not financial...

dreamsound Updated 

We have a nice weekend descending Triangle playing out. But this doesn't mean we won't see a bounce short term once we finally land 6790. There seem to be a lot of buying orders there which might make it a nice swing trade for next week. We are just getting confirmation on the rejection to begin the wave down to 6790. This trade will be invalidated if we go...

dreamsound Updated 

ADA is forming a clear rounding bottom with the double bottom formation. Note this is a play for short term. Things might drastically change around August 10th when the BTC ETF get rejected or delayed. One possibility when the ETF news come out is BTC dropping along with the ALTs. But the ALTS might not drop as significantly hopefully decoupling a bit from BTC...

dreamsound Updated 

Gorgeous full flag forming for most coins including Cardano and BTC. I'm focusing on Cardano and Stellar being my top 2 of the Coinbase 5 team. For Cardano I'm dollar cost averaging my way down to 16 cents. We should see a slight pull back before beginning wave 5 according to this bull flag in progress. I am feeling very confident on this move because how...

dreamsound Updated 

Everything going as planned from the post I made a few weeks back showing the bearish symmetrical triangle. So how do we get out of this one. So far I am seeing two scenarios, one is going down to $5500, and bounce to 6k, then go down forming an inverse head and shoulders and break out of 6200 and forward. The other, most likely scenario is still bouncing at 5500...

dreamsound Updated 

Two scenarios: 1. Potential rounding bottom formation. 2. Down to 5500, then 5900, then 5150 bottom, then to the moon! Let's remember not long ago when everyone said 6k Bitcoin, 6k Bitcoin!! And we got to 6500 before the rally up. Lots of people missed out on that initial rally. Now a lot of people are saying 5k, 5k!! ... watch out for that.

dreamsound Updated 

The stars and the planets are lining up with the 6th of the month and this GORGEOUS ascending triangle that will rally beyond 8k. We are looking for a rally to start this Friday evening. So get your tickets for "Return of the Bulls." We are just waiting for confirmations. As long as this ascending triangle doesn't move away from this pattern, we are good to...

dreamsound Updated 

Bearish Symmetrical Triangle continuation to the downside pattern playing out!! Watch for the 6th of every month for a key pattern direction change. Lower highs and higher lows with a break to the downside. COUNTDOWN TO JUNE 6th! Target of 8000-8200 was my original target, but looking at this chart it might have a lot more room to go upwards of 9000 range. Once...

dreamsound Updated 

Here's my next trade for BCH / Bitcoin cash. The reason I like this asset is that is very symmetrical the way it plays out with Fibonacci retracement as well as Elliot Waves. It follows patterns well which makes it easier to predict. I'm dollar cost averaging down to 870 area, with a tight stop loss. If it crashes below, I'm ok with taking a high probability...

dreamsound Updated 

This is it: Descending Triangle building up for Bitcoin (BTC) Hey guys, my last scenario is still playing out but it is critical that we hold this 7800-7700 level. Otherwise the odds will highly shift in favor of the bulls in a perfect descending triangle pattern that has been building up for the past 2 to 3 months. This also reflects to be a mirror image of...

dreamsound Updated 

WELCOME TO EL FUTURO DE BITCOIN FOR END OF MAY AND JUNE Finally! A count that MAKES SENSE. After seeing all kinds of crazy 5 wave counts, I've found one that fits the best symmetrically speaking. It fits well with fibonacci retracement and it makes sense due to market conditions. We went from 6500 to 9850 in a few short weeks. We needed a breather from 9800 to...

dreamsound Updated 

I'm going to invalidate my previous count due to breaking major supports. Never felt comfortable with the previous count due to Wave No. 1. This is my bearish scenario, playing along this lines. We would be in a corrective wave now and upon hitting 8600 we would go up or down from there, most likely down due to the Head and Shoulders pattern that is currently in...

dreamsound Updated 

This is the scenario that I am personally seeing it is currently forming for the first week of May. The momentum upwards its pretty strong so we might not even get to touch 8600 and finish our wave 5 down! But we should hopefully break down 9k at least once more otherwise we are going to be side trending for a while. We need that 'whip' or that spring in the mid...