Shotokhan

Shotokhan

For those who remember I had posted a weekly chart many months ago with the following pattern: my idea was that the first stop would have been last ATH, level where price could have ranged for a while. Despite all the recent criticisms toward ETH I think we're still on track to that target. Yes, ETH is underperforming and there are plenty of better and cheaper...

Shotokhan

There are three possible patterns in formation right now, two of the which would be bullish and one bearish. I'm not 100% on which one I'd pick so I'll present here the three cases. right-angled broadening wedge (the bullish case): - check the following links www.forex-central.net and www.centralcharts.com In this case we should expect a dump to the 86K...

Shotokhan

ENS broke out of a falling wedge, successfully retested it and bounced off. It's the same DOT pattern I've posted yesterday and honestly a very widespread pattern these days. Differently from DOT, in this case ENS follows ETH and it seems ethereum is waking up so, being strictly connected it's likely they'll both go up. Vitalik months ago declared that ENS is...

Shotokhan

I've been noticing more than once that SOIL usually moves against the market or, at least, it does so for a couple of days. Then if market keeps going in a certain direction for many days it follows. In this case we can see cryptomarket dumping and shaping up bearish on weekly timeframe, in this case instead SOIL seems to be slowing the dumping and shaping up as...

Shotokhan

Open interest and RSI are in bearish DIV and price has been stuck here for a while. After so much pumping I think it's time for a serious retracement. I see two possible paths, let's see which one plays out. The D chart looks like exhausted: Good luck

Shotokhan Updated 

If you follow me "somewhere else" you saw all those other alts on which I've identified an ascending triangle. Such pattern forms when chart prepares for a break out after a period of dumping/ranging. I don't believe in memecoins, at least I think they're on the same level of betting which makes them a bad investment. However this one is the only I have faith...

Shotokhan

It's amazing when you see around so many ascending triangle, it means cryptomarket is awakening and altseason is beginning. Some could say the break out already happened but I think it didn't yet, I'd feel more confident when I'll see a candle closing over this zone. I think it's still a relatively safe zone to buy. Even if this retraces it won't be for long....

Shotokhan

ETH was in a bullish pennant who had already broken out weeks ago but really started to move toward their target after US elections. I don't believe much in pattern targets because in my experience they're not reached very often but considering that this time the target coincide with last ATH I think it's very likely to be reached. This will only be the first...

Shotokhan Updated 

Guys I know what you're thinking which is probably "yeeeeah, ETH ETFs are finally approved, ETH to the moon" but as I said back when BTC ETFs got approved, this won't be the case, at least not right away! I expect a "sell the news" event because this is just another news after all! As you can see here (circled drop), the days who followed BTC approval price...

Shotokhan

PYTH has not awakened yet despite the entire Solana ecosystem has been pumping following SOL itself. It's weird because we all expect it to be the new LINK. I wanna believe it will start late but will catch up. I drawed the trendline and the resistance zone to show you that price is currently into a sort of ascending triangle. I'll consider this alts awakened...

Shotokhan

Current largest prediction market (Polymarket) is powered by UMA and nobody talks about this. To me this is crazy because without hype price doesn't reflect the importance of this project. The support has been established, I think we only need a spotlight! Weekly: When/If people will realize how well UMA works this should gain traction and pump pretty well! I...

Shotokhan

Currently SOL is trying to break out from a big asymetrical triangle that could also be some sort of handle of a giant cup. The weekly close is still far from closing so we have to wait to be sure but in a red market this is a good sign. Weekly chart: If the break out happens the final target for this leg should be 300 USDT with resistances at 205 and 260.99. ...

Shotokhan

The major narratives of this cycle are AI, GameFi and RWA but I see too many people talking about the first twos and few about the last one. I'm trying to have a bit of everything in my portfolio although I'm adding small bags because unfortunately I've already spent the majority of my money. You can see on 4h that price is in a bullish falling wedge and this is...

Shotokhan

If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. DXY is going up but so BTC.D as you can see here: I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would...

Shotokhan

THere isn't much to say beside BTC dominance is going up to that resistance between 60% and 62% as I anticipated many months ago. It's likely we'll still have some bleeding for altcoins but as soon as BTC.D will reach that level I expect it to range close there after a rejection and follow the scheme you can see here Just keep buying what you like, altseason is...

Shotokhan Updated 

All coin which major volume is on Kucoin have been affected by the news of the US government charging them so people sold unrationally but honestly I don't care. It's bull season, ISP is still in the bullish pattern and over a support. Moreover ISP fits in more narratives in this cycle (AI, gaming and web 3.0) and it's a low market cap.... it was 3 mil when I...

Shotokhan

This amazing project which is among my "bet bags" has done incredibly so far. I entered at the blue line and as you can see it pumped a lot so far. Here the weekly chart: At daily you can see a bullish falling wedge which has broken out today and the volume peak confirms the breakout: The breakout is more clear at 4h though. I think that considering the...

Shotokhan Updated 

This is an old bag to which I added over the last year because my plays in this cycle are mostly GameFi and AI + some old blue chips. Perhaps I was a bit "too early" on GameFi because now there's a ton of new projects out there which are catching more hype but MBOX has already different working games and a big community. Moreover it is under Binance's wing. So...