botje11

botje11

The previous analysis on this one played out quite nicely and we have been moving towards that long term entry zone on the right as well. Past week it formed a nice bullish wedge on the right, but that one failed eventually and the price has been dropping some more since. When we look at the right, we can see the big yellow triangle has the shape of a big wedge as...

botje11 Updated 

Almost a picture perfect trade again with this double bottom pattern. Target is almost reached now but as we can see there are several resistances now. I posted an update in my channels an hour ago, about taking at least some profits. This trade had no long term thoughts behind it so IMO' i would not focus too much on letting a big size run and simply take the...

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I started with the ETH' uptrend a few months ago and it first i was drawing an upwards channel from the Dec low and changed it to this triangle after we got rejection at the 160ish again in Feb. So after seeing it fail to reach the high of the channel a triangle was making more sense. Through out Feb and March we could see it was finding support around the 130....

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Last update i talked about taking a break this weekend, glad to see the market thought the same thing :). Going to do a small weekend update here, but you also need to know that my general view has not changed. The whole plan past week was to see a shake out happen, which we finally did. So for now, my assumption of the ABC' on the left still stands and the ABC'...

botje11

Very nice to see the market eventually chose to follow the blue line, the healthy correction :). As suggested, it was very unlikely to see the H&S play out, but more likely to see it move up again, which it did. Here we can see another sign for the drop for Bitcoin', is the fact this chart was not able to make a new high where Bitcoin rallied 3% above the previous...

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Oil has made a huge rally past months, without any corrections. I did not touch it for a while, but think we have a good chance this time to short it. More factors in favor now for the first time in a while. The double top is something i saw yesterday, so unfortunately the entry is less great now, since it's already at the neckline of the double top. But that...

botje11 Updated 

At the moment we can see a similar shape double top as the one i showed back in Sept. Eventually it was the ATH so it was a bit lucky on that part. So doesn't mean the same will happen again now, but who knows. So doesn't mean we crash hard, but we can always keep a part. Stop above the high, would do half now and half at break neckline. Above neckline very it's...

botje11 Updated 

Past days i showed a chart on the lower time frame, in my updates, which had been working out quite well, but things have changed since yesterday. My assumption short term was rejection around 5300/50 and than dump to 4600/4900 zone. But instead of breaking support, each attempt to break the support got some big buys from some bulls around the 5150/5200 zone. The...

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Silver might be making a long term low the coming weeks. Retesting that solid bottom formation from the past half year, that double bottom shape. So now it becomes important to see another test of the 15/14.8 zone. Ideally in the shape of small double bottom as well. If that happens, chances are big to see a big rally the coming months.

botje11 Updated 

After the very big long trade from the previous analysis, think a short scalp might be worth it here. Looks like a double top in the making now, also because it went up in a straight line, so a decent correction becomes more likely now as well. Only danger i see now is, that it becomes a triangle. If you see a slow drop staying above the triangle support, you can...

botje11

In my previous analysis i showed a few scenario's and where the most likely version eventually played out. For this analysis i have zoomed in a bit so we can see the short term signals better. That channel seems to be legit, with a few fake breakouts on the up and down side. In my BTC' analysis i talked about alts not really moving along with Bitcoin bullish...

botje11 Updated 

There it finally is, our answer for the ABC or impulse wave question since i started this analysis back in Jan. The past weeks, actually most of March both sides were not getting any clear signs for a continuation of the rally or a failure. Was moving sideways with small rallies and dumps, fake breakouts on the up and downside. The last few days before the...

botje11

Many friends of mine, we can call them newbies :) asked me how it was possible to see such a big rally this week. Obviously they all think that there are a lot of buyers in the market again, a lot of bulls. These are financial markets, with Bitcoin' being a highly speculative market, it's even worse. The fact that we saw such a big rally is because there were...

botje11 Updated 

My previous analysis: An update on that post i did on 30 Jan, where i tried to show some objectivity on the current stage of the market. If you want to know more about it, read the previous analysis about this. As you can see, i have drawn yellow circles on what i think were Bitcoin currently is. Just to give a picture of what could happen the coming period....

botje11

Time to take profit and not wait for the exact end of it. Always okay to leave a small part, like 20/30% with a tight trail stop (something i usually do), with a target around that yellow circle. Now its time for the second part of this long term play. I will probably not touch if for a few weeks now and want to see it follow that blue line on the left. There i...

botje11

Here we can see, how a certain pattern which normally says the market will drop, but when looking more closely is telling you there is a hidden agenda. Part 1 of this analysis i talked about that bearish wedge (orange circle) in my BTC' analysis, showing it is likely to be a fake one. Showed a few more signs in favor of a bullish outcome the past weeks. A serious...

botje11 Updated 

Almost identical shape as we had a week ago. Think it's worth to keep an eye on it. Break of the red would invalidate it, break of the green would validate it. Current Bitcoin analysis: Bitcoin/S&P Fractal:

botje11 Updated 

After several months now that i am slightly bullish biased on the mid-term, we have closed in on the 4200 level again. My Bitcoin's Big ABC Correction or Trend Change? chapters are closing in to their decision point now. There are 3 questions here: 1) Will the rally fail again, get stuck below 4150 and drop or even make a small low volume break to 4250/4350...