botje11

botje11

Chainlink is showing the same picture as many other alts coins, hanging close to a neckline but also close to a resistance to break up. On the right i have made a range, between the red and the green. I think that a break of either of them, is probably the answer to what the direction will be for the coming days. Since it's weekend now, there is always a chance...

botje11

In my previous analysis i started with the following question: XRP has been pretty weak past days, each attempt to break up failing and getting pushed back down again. Giving the impression it just can't rally anymore, but is this real or intentional? I gave the same question in my Bitcoin analysis a few days ago when it was in the 17K prices This happens often...

botje11 Updated 

So far things have been somewhat as planned, but must say, the consolidation (the bull flag on the right), is normally way too small in time. It did do that shake out move up as the blue line shows, but also smaller than i thought it would do. Was thinking more of 19.7/19.8K on the upside and going lower towards 18.9/18.8k on the downside. So more of a 800/1000...

botje11 Updated 

XRP has been pretty weak past days, each attempt to break up failing and getting pushed back down again. Giving the impression it just can't rally anymore, but is this real or intentional? I gave the same question in my Bitcoin analysis a few days ago when it was in the 17K prices. Most things i mentioned in my previous analysis, still stand. Yesterday's double...

botje11 Updated 

Past hours i have been thinking about what to write and of course about what Bitcoin will do. Again Bitcoin pumped without giving doubters at the lows a change to get in, same as they did 3 weeks ago. I have been seeing this a lot in the stock market. I know it's a tactic of the big boys, it's to make the ones who were waiting for an entry desperate as it simply...

botje11 Updated 

Here we can see that not just Bitcoin is repeating patterns (bitcoins fractal i posted Friday played out very nicely). So maybe these things still have real value, but as mentioned in the Bitocin fractal analysis, these things should not just be followed blindly, it needs more. The support line on the left, in theory could go on for a very long time, since it's...

botje11

ETH was testing the bulls patience, just like with Bitcoin, doing a full pullback towards the lows again to test if that support would hold. All this instead of making a higher low, because the 550/447 broke a second time, the level i said must hold to form that higher low. Another thing to remember, is that black trend line on the left. The same line as Bitcoin...

botje11 Updated 

And again it did a nasty drop below the triangle support and once again it got back inside of it. It makes it very difficult, because what should we follow, the triangle on lower time frames, which shows it clearly broke and is doing a retest now, or should we follow the daily chart? Think everyone has learned, that in general higher time frames have more weight...

botje11 Updated 

Yesterday's last update looked pretty amazing with that chart i posted, following it pretty nice, but where i was waiting for that higher low, it simply started to dump in a straight line almost. I lost that chart, but tried to draw it again (left chart) to show what happened since (chart below). As you might remember from my analysis of a few days ago, i...

botje11 Updated 

XRP did a nasty move yesterday, with a bear trap breakout on the downside of the triangle. It clearly broke with a big margin even but as you can see the daily candle closed inside of it again. Just like Bitcoin's yesterday's daily candle, this one is normally bullish as well. Now this is not a sure thing that the bear trap is real, but a good first confirmation...

botje11 Updated 

Yesterday I did an update of the bearish wedge that was formed since the bounce from the 17.6 low: I still haven’t learned how I can update in TradingView, since the app changed year ago. So just doing it here The idea I showed in my analysis played out, except of course that I had the stop hunt zone wrong. The bounce it did today from the lows is what I...

botje11

There is no ignoring that there are quite some similarities here. I know there are people who love this kind of "fractals" and others who don't, but as i mentioned many times since 2019: They used to work very well in 2018 and before, but since 2019 they have lost there value. But they still work now and then, I can't predict when they do work and when they don't,...

botje11 Updated 

This analysis played out pretty well, with the drop (bit extended) inside that green box and bouncing pretty hard since. Now past half day it has been dropping again just like the rest of the market and also has reached a key point it seems. ETH should hold 550/547 zone from now on, because then the previous analysis with the arguments i gave still make sense....

botje11 Updated 

Several asked me to analyse ETH, but must say i find it a hard one to TA on, but going to try. On the left it looks as if there is a channel, where it's moving in the middle of it. Looks that the 570/565 is the support to prevent a drop towards the 550/540. I have drawn a trend line there as well, but must say i am normally not a fan of these kind of lines, they...

botje11

On the right we can see that the 0.60ish is like a magnet for XRP, probably caused because of the big triangle it's moving in. That also says that bulls need to break that zone first. For the triangle is the support and resistance are the triangle lines, but i think the more important levels for the triangle are the red and green zone on left, at around 0.64 and...

botje11 Updated 

The wedge i discussed yesterday somewhat reached it's target at 18.600 (target was 18.500ish) just now. While writing this it's a small push back at is trading around 18.900. As you can see in the chart, it has to break 19.000, think maybe even better to say 19.100. Since the market did two similar tricks in a week, as you can see in the chart here below. I am...

botje11 Updated 

Current 4H candle might become a small sell signal (at first). Think if the current 4H candle closes below 1.213, we should see a bit more downwards pressure. Past day i had in mind, that if it doesn't break 1.22ish, there is a still a chance that the breakout of past weeks might get stopped and see some zig zagging coming weeks or more. So needs a close below...

botje11

Update on the previous analysis: Previous analysis i said: Current 4H candle might become a small sell signal (at first). Think if the current 4H candle closes below 1.213, we should see a bit more downwards pressure. Past day i had in mind, that if it doesn't break 1.22ish, there is a still a chance that the breakout of past weeks might get stopped and see...