botje11

botje11

Past days i have been showing in my channel that we are very likely at an important stage. It's either a continuation of the rally (which i think is too soon, but would fit the parabolic movement and madness of the past 2 months, i mean, it's Bitcoin :) ). A better, healthier scenario would be to make a much bigger consolidation coming period before we move up...

botje11 Updated 

So the wedge did play out and reached it's target, but nothing more than that. At the moment, it looks as if it doesn't want to drop. Have what looks like a bull flag on the left, bumping against the resistance, which is normally a sign that it wants to break it. However, when looking at the volume, that is not how a bull flag should be. Volume normally needs to...

botje11 Updated 

Update from yesterday: For now, there is what looks like in inverse H&S in the making (right). But the shoulders are very ugly, not the shape they normally should be. Also, if we move up to soon and break the neckline, think chance of failure is also very big. On the left we can see the big resistance zone is around 12500, so if we dont move up with some good...

botje11 Updated 

Of course, a reminder again of what this market is really about. Using retail money to buy the highs so whales can take their profit. Buying up each correction over and over and over again until everyone is convinced this is free money. Reaching ATH volume on Bitmex as well (now its clear they distributed the shit out of it at the highs). So, using retail money...

botje11 Updated 

Looks like an almost identical move here. Just now made a drop, close to the high just as we did a week ago. So the big question is going to be answered now. Are we going to move in the same way, are we going to touch the 11200/300 again? If so, it wil be very likely to see it break up again. If the 11.000 breaks, those chances will increase. So based on this,...

botje11

Going to write about a theory i have on what might have been going on the past 9 months. I have talked about similar things a few times in educational posts, saying that financial markets are NOT here for us, they are here for the brokers and banks to get commission fees and intrest (funding) from leveraged traders. Just like: Casino's: house always wins on the...

botje11

Just before the bitcoin dump we had an hour ago, i posted this chart in my channel and was about to write an analysis but then things went pretty fast. It doesn't change a lot now, so far just a small drop. But it did break the bullish pattern so 2 options now. 1) We continue to drop and a lot when looking at the chart on the left. There are a few support levels...

botje11 Updated 

Looks like a nice bearish wedge with a nice setup at the high. It is getting a bit over extended now, so it has to make a drop very soon, within a few hours, otherwise it might break out sideways and simply move up. So when it takes too much time, i will simply close it again, since it's also against that resistance line on the left. Previous analysis:

botje11

Previous analysis: In the middle it starts to look a bit like the start of some temp top formation, with the resistance being around 315/320. This market has been a lot about parabolic shapes and it looks like ETH is also starting to make one now. The pattern simply means that we get to see a row of higher lows, showing bulls getting more eager to get in with...

botje11

The strength LTC has been showing the past months, the weakness it has been showing the past week. Bitcoin rallied so much, one would expect LTC to rally a lot more as it has done the past months. But instead, it barely even moved. Just doesn't make a lot of sense, unless we are seeing a lot of profit taking. The ending of the parabolic move shows us this, but so...

botje11

Bitcoin took a small hit today but alts have been taking bigger ones. TRX has been holding it's ground so far, but there is a potential small H&S in the making. The high should be set already for the right shoulder, but there is a little bit of room left. ABove the red zone it's probably not an H&S. If it starts to drop again and make a volume break of the...

botje11 Updated 

Previous analysis worked out quite nicely with the bull flag. Went to the 260ish and then slowly moved up and then broke out perfectly with good volume, as a breakout should be. On the daily, we can see the volume was not big at all. So it doesn't really feel like a real long term breakout, but more like a breakout with low resistance. But same deal as my LTC...

botje11

About the daily, not going to say much because it's crypto and anything can happen. Saying this because volume is not clearly high but also not too low. Think the only thing to follow now is this parabolic shape on the right. If it breaks, i think it will make a big drop, usually minimum 125/130, but could even more, no telling because there is no target with this...

botje11 Updated 

The previous analysis i wrote the following: Maybe good to keep an eye out for, is the bull flag of ETH. In my ETH analysis i showed a possible bull flag in the making, which has been playing out almost perfect so far. So at this point no reason to doubt it yet. What is important with ETH now, because the market is at these highs, that IF a break out happens, it...

botje11 Updated 

When looking at this fractal, we can see the stages are almost identical here. The shapes are maybe not great, but the movement is almost the same. 1) The big rally towards the red zone, making something that looks like a big triangle 2) Breaking upwards, but which becomes a bull trap and we see an ABC correction down (yellow) 3) Then making the parabolic move...

botje11 Updated 

Bitcoin has been consolidating the past days. I am using this term, because 2 days ago it looked a little bit like possible top formation but since we have not seen any big drops and supports have been holding, objectively we need to see it as consolidation. Low time frame bearish formations have not been reaching their targets and we have been making higher lows...

botje11 Updated 

So far Bitcoin is following the path of the triangle on the left. Yesterday we could see an attempt from the bulls to break out already, based on the shape it was much to soon. It did however even break the 9450, but bears were simply waiting to catch the price with their short orders. Now it looks like we might be at an important stage. We bounced up 200 points...

botje11

This one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :) On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows...