ShotGunJoe83

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 ;)

ShotGunJoe83

just some thoughts on a quiet evening :) please note it is more about the general idea and absolutely no exact time measurement , ty

ShotGunJoe83

i'm shorting my BTC and here is why : 1. BTC ascended too far above the 20 week MA(rainbow lines) ( Everytime this happened in the past --> correction.) 2. BTC ascended too far over the 200 week MA(blue line) , every time in the past bla bla --> correction. 3. The RSI shows massive overbought signal ---> correction. 4. BTC broke the upper bollinger band (my...

ShotGunJoe83

Just my 2 cents

ShotGunJoe83

Ok here we go : BTC has to correct before going higher. Or it hits 30k first and then retraces. How will it retrace? ( don't look at the dates, these are just 3 general ideas) 1st way to look at BTC/USD : here we will simply take a look at the orange trendline we've been following for the last 2 years now. If we believe the trend will stay valid for quite some...