botje11

botje11 Updated 

Going to continue the analysis here. My last update: Stil not a lot going on, seems the channels and the triangle still have some meaning, but no real moves from either side. Assuming it's more bullish than bearish, kind of disappointing that it just can bounce up above the 8800. So don't want to say already that bulls are getting a bit weaker now, but if we...

botje11 Updated 

This is the first one i looked for trying to find something to compare the rally from the past months with. Also not a perfect match, but no denying the stages we can see here. At the ATH, we can see how volume clearly dropped with that last push up. The key factor will probably waiting for the moment where selling volume becomes bigger than buying volume. On the...

botje11 Updated 

Bitcoin squeezed out another rally like it was nothing. I am again amazed about the strength of this market the past month. Where alts were hesitating a lot the past half year, they made up a lot the past few weeks. They have been very strong since yesterday's rally. Growing during sideways price action of Bitcoin, like the good old times again. There was a bump...

botje11 Updated 

I am going to continue the updates here now. So again the funding played a big part here, dropping hour before it ends and then just going up again. Longs are paying at Bitmex past 2 weeks or so and the price of this funding has been increasing as well past days. So it is becoming expensive to just hold on to long positions. Anyway, the 3950 broke and as...

botje11

Okay so far the counter move of the wedge/triangle fake breakout, is going perfectly. Broke that bear flag and accelerated down. So keeping the speed of the drop as it should be in the big bearish wedge view. Because if we continue like this coming week, and break that green support around 0.99, we could possibly even see it continue to drop (in waves) to 0.96 and...

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Uptrend on the right broke and the one on the left as well. It is around the breakout zone now which can be a resistance level and there is a chance to see an H&S getting completed here. Since the right shoulder got high, it needs to drop fast to become reliable. So i good risk reward here which i am going to give a try with a small size here and will make it...

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Going to keep this one short. Previous analysis played out nicely, where i showed a nice wedge few weeks ago which was the start of that big rally. Made a small bull flag and continued to move up 0.37 to the 0.48 high. In the middle we can see that the green support held and there is a potential low set here. The volume and the bounce up were quite big, so...

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On the left we can see the bigger picture of ETH. The 220/240 target i mentioned a while back of the yellow triangle at the lows has been reached and extended even. This is usually a sign of strength, normally saying that we won't see a huge dump anytime soon. The dump from 2 weeks ago was probably a glitch or something, where it reached 190 while on Bitfinex it...

botje11 Updated 

In the previous analysis the small bear flag broke, reached it's target and then bounced up big from that thick trend line in the middle. We have since made some big moves the past weeks and the 84 has held like a solid rock so far. Because of this we can also assume this 84/86 zone is a very important level. So if it breaks, we should see it drop towards the 70...

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It's starting to look like the short term momentum of BNB is decreasing past week. The position of the wedge is very good, but it's shape is not great, also the volume isn't great for a wedge. Problem with BNB is, you can not short it, so the BNB market is not really in balance, making it's TA sometimes different than others. This wedge , it's support could...

botje11 Updated 

We broke the 8100ish, but no real reaction at all. So i might have been wrong about thinking it was an important level. We even touched 8200 almost. But still low volume during the move up. There is no real increase of volume during this move up from the 7500. This is usually a sign for a bearish movement, at least a decent correction again to maybe make a higher...

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I posted this message 3/4 days ago in my public channel: For the bigger picture, i think it would be best to see a lower high now. If that happens, it could turn into like a big bull flag (or cup and handle like some people like to use). To keep the V shape rally from 4K to 8.4 alive, we should see price hold above the 6000 (6200/6800). So seeing a good...

botje11 Updated 

As you can se here i have put both the high from past 2 weeks next to each other. We can see the moves are a bit similar as well. The waves and the shape it has right now. The stop hunts on the left have become clear in hindsight, since we took a 1500/2000 point dive think there is no doubt about that assumption. Past days it looks a bit like we have seen a...

botje11 Updated 

In general, short squeeze rallies are always temporarily. Why? Because they are forced and have no real foundation. For the ones who don't understand what a short squeeze rally is (or a long squeeze which is the opposite direction) it's quite simply: Bitcoin dumped 1000/1500 points a week ago and was hanging around 7000. As we all know, there are a lot of traders...

botje11

Looks like USDCHF made a a false breakout 2 weeks ago. Broke up on the upside of that bullish wedge and broke down again. Past half year i assumed this was a big bearish wedge, while knowing there was a chance it might be an ascending triangle. Because of that big rally a month ago, it looked like the triangle won. Now it seems that one failed as well, which...

botje11

Looks the triangle broke and that trend line as well. No real follow through yet, so it could bounce up a bit first. If this happens, it should not break the red zone. That would complete a retest of the triangle. A break of the green support, should increase the chances a lot of dropping towards the 1.330 Previous analysis:

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Here we can see a few similar spots from a year ago to see at which stage we might be in. We already had a huge rally for ETH past months, so i don't think it's a crazy thought to compare these. Also, because of what i was trying to explain in my Bitcoin analysis i just posted. That if we do rally, it needs to be convincing and with good volume. As we can see in...

botje11

ETH might be a bit easier one to watch, because here we can see the process of making a rounding bottom has started already. I have chosen the Bitfinex chart because we don't have such a huge wick there. I just can't be sure that it's the right though, but no choice here that to do the most logical thing. First of all, the highlighted orange area shows that it's...