Crypto-Keeper-Zonk

Crypto-Keeper-Zonk

We are at critical junction we must significantly break and close above 67k which could lead to a 33% run. However, if BTC can not do that (which it has tried at least 4 times over last few months to break the down trend) then we are headed to low 50kish. Watch over the next few days to see where we are headed.

Crypto-Keeper-Zonk

There is minimal upside reward and large downside risk to invest before the downward trend is broken...Wait for it to break or wait for it to bottom before buying....NOT FINANCIAL ADVICE

Crypto-Keeper-Zonk Updated 

False Breakout from Retail Buying the news of FOMC. SPY is heading back down and Binance is doing some shenanigans...be ready it could be huge...or could be nothing at all but be safe

Crypto-Keeper-Zonk

We are in a definite downtrend. However we can only maintain this trajectory for so long. I do believe we will hit lower trend line and bottom out approx 95% down from ATH. This is pretty standard for crypto bear cycles. I think as we close out the year we will exit the falling wedge and make a new high to form another downtrend but with a lower slope. Economy...

Crypto-Keeper-Zonk

SPX heading down to major support. Descending wedge forming so we will be breaking out towards end of summer. But don't expect a major bull run for another 12 mos or so. Not financial advice. DYOR.

Crypto-Keeper-Zonk

Look at the history of crypto winters. If you think we are mooning anytime soon then you might need to check your head. Stock market will be entering a year long bear cycle dragging crypto along with it. There will be a short relief rally like there was long ago people will get excited when it starts going up and will FOMO in just to be caught in a bear trap....

Crypto-Keeper-Zonk

By July 12th, we will either hit $2.75 or we will break through the down trend into a short term up trend or sideways trading. If we do not break this down trend by July 12th then we WILL reach $2.75. So as long as stock market and macro events continue to hammer crypto then this is our trajectory. I personally believe there is no way in hell we will break below...

Crypto-Keeper-Zonk Updated 

Moment of Truth! If DOT breaks this LONG TERM trend line starting almost from its inception, then we are in big trouble (at least for the short term). We may have a flash crash. This has more to do with BTC and global economic conditions rather than Polkadot itself. I think a wise person would set some stop losses in case it breaks and then put some crazy low...

Crypto-Keeper-Zonk Updated 

Looks like we broke lower trend line of short term up trend. Should be continuing down trend toward 29 to 31k over next few weeks. Most likely will hit rock bottom around 5/11 when CPI data comes out. Then when Fed meets next we will start to see a boost when interest rates are increased. Who knows though these are crazy times.

Crypto-Keeper-Zonk Updated 

Head back to support of $17.20ish. We will see. BTC is hovering around huge psychological support 40k but appears to be losing it along with SPY and S&P dropping this week. It could get ugly protect your money and be ready for huge discounts should they arise.

Crypto-Keeper-Zonk Updated 

Usually descending wedge is bullish but low volume. Unable to break 17.20 support now turned resistance. BTC unable to stay above 40k. And breaking of long term upward trend line. All bad news. I'm pulling cash off the table and looking for bargains in next couple weeks. I do have stop buy orders in place just in case I'm wrong.

Crypto-Keeper-Zonk Updated 

Take advantage of these dips. This is a great time to sell at local tops and pick up more crypto on the dips. We currently hit strong resistance at the 11.50ish range and are making our way back down. I would look to purchase around the 9.90 range and am selling at 10.89 range. Then holding cash until the 8.25 to 8.30 range. That is a massive gain of 20% of crypto...

Crypto-Keeper-Zonk Updated 

Stoch RSI in overbought territory on the daily. CCI changing direction towards lower end. Re-test of touch bottom of Bear Pennant on low volume. I believe we will be going down to 20k. I do think it will be a short trip and will rebound quickly out of the 30k and range trade for a while and maybe a retest and lower. If we cross 32k then this idea is invalid....

Crypto-Keeper-Zonk Updated 

I have been bearish on Polkadot for months now if you check my previous posts. I have almost doubled my DOT position without adding a penny by scalping every so often. You can verify with previous posts. Well that time is coming to an end. The huge descending wedge that formed since last November is running out of time. I do believe BTC will drop to the 19 to 22k...

Crypto-Keeper-Zonk Updated 

Symmetrical triangle....which way will it break....personally feel down as most ALTs lose 95% from ath to atl....which would be 2.75 to 4.50 range....not sure if it will get there but even 90% loss will be down 5.50 range....so we haven't really gotten close to that

Crypto-Keeper-Zonk Updated 

Looks like BTC want to breakout to upside but lost momentum quickly now headed down....target 19 to 22k

Crypto-Keeper-Zonk Updated 

Huge upswing candle out of nowhere....BTC has made small gains but nothing that would warrant a jump like this....This happened right before the large drop last time. I could be wrong maybe we are moving up, but looks a little sus to me

Crypto-Keeper-Zonk Updated 

Looks like things dropped as expected. Low volume pullback and formation of symmetrical triangle is good indication that we will be continuing the downtrend until low $17s...however I will be taking profit around the 17.50ish range as DOT loves to mess with me. Again long term BULL but scalping DOTS