ShotGunJoe83

ShotGunJoe83 Updated 

I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb. After that, i believe many many more institutions will join the crypto adventure , but first they want to get the price to 22-25k ofcourse. So while BTC is slowly going to 25k , COMP in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise...

ShotGunJoe83

inv H&S completed as we zoom in on the 1H

ShotGunJoe83 Updated 

As always, comments are most welcome, especially if i can learn from it ;) ty

ShotGunJoe83 Updated 

As a beginner trader i made this ichimoku memo sheet for myself and i figured i might as well publish it, who knows it might help another beginner :) Please note it is a basic memo as i really want to learn to keep things simple. If anyone notices any mistakes, please make note, it would be very helpful ! Thank you

ShotGunJoe83

Data in chart. Any comments always welcome.

ShotGunJoe83

I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb. After that, i believe many many more institutions will join the crypto adventure, but first they want to get the price to 22-25k ofcourse. So while BTC is slowly going to 25k, XLM in this example will break down from the descending triangle, so starting from tomorrow that is. IF btc...

ShotGunJoe83

I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb. After that, i believe many many more institutions will join the crypto adventure, but first they want to get the price to 22-25k ofcourse. So while BTC is slowly going to 25k, ADA in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise...

ShotGunJoe83

I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb. After that, i believe many many more institutions will join the crypto adventure, but first they want to get the price to 22-25k ofcourse. So while BTC is slowly going to 25k, ATOM in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise...

ShotGunJoe83

I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb. After that, i believe many many more institutions will join the crypto adventure, but first they want to get the price to 22-25k ofcourse. So while BTC is slowly going to 25k, ALGO in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise...

ShotGunJoe83 Updated 

All details in chart BUT i have 1 question : Normally prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline. So, is this pattern still viable after we've seen more than 2 touches on the horizontal trendline? Any help would be greatly appreciated !

ShotGunJoe83

Just a little push more and ETH could complete this inv H&S pattern. Doing so , price could blast off into the trendchannel which started around end dec 2020 while crushing the old ATH (red line). Targets in chart. GL !

ShotGunJoe83

XLM currently in a descending triangle after an uptrend with contracting volume . Target around previous support zone : 0.12 - 0.15$ As always, any comments are greatly appreciated , ty

ShotGunJoe83

LTC currently in a descending triangle after an uptrend with contracting volume. Target at previous support zone around 70 - 85$ in case the 110$ supp doesnt hold As always, any comments are greatly appreciated , ty

ShotGunJoe83

... isn't the current situation ( descending triangle after uptrend + contracting volume ) to be seen as a bearish signal? thank you for your opinion !

ShotGunJoe83 Updated 

Cups :p

ShotGunJoe83

We either reached the top at 42k and have now transfered into the yellow descending triangle which might take us to the 25k level (or even 22k) if the 30k support doesnt hold. Or we will break out of the falling wedge which could be forming and take us higher again. Anyway, all eyes on ETH now i guess :p

ShotGunJoe83

the purple arc going down is drawn too long maybe, i just wanted to get the shape right. point is , i think we go to around 25k, from there anything is possible again, thank you.

ShotGunJoe83

2 possible ways things could go from here imo : 1. Will we go sideways for a while, which would be great for alts, and then break out of the symm triangle to 49k ? Or 2. Will we complete the M pattern after which we will correct to either around 27k or 22k ? Atm we are still in an uptrend, so let's see if we will break the trend or not ;)