botje11

botje11

Just going to post my messages from yesterday here and will add some new thoughts below: Still only thing i have for now. 11.100 didn't hold but it mostly just wicked below it. Also can see the 11.400 has held so far, but since yesterday it looks like a triangle is being made. So as long as 11.100ish holds, we could still see that move up. To me the ABC is...

botje11

On the left we can see the Dow was making an inverse H&S on the daily chart, but as you know i always find these kind at these spots very unreliable. But as we all know, retail has been pumping the stock markets and is also probably a big cause to why it even got this high past 2 months. Anyway, Dow failed to push higher last week, making a double top at the...

botje11

I showed this one earlier today as a potential fractal, half a day later it still seems to be in play: Came across this one, from rally from half year ago. Looks very similar, mostly because of the shake out wick. If its real, should stay inside that tiny bull flag From the looks of it, seems as long as it moves above 320ish, it could make another move up....

botje11

Just a follow up on the previous analysis. It seems that so far ETH is trying to follow that blue line on the left. The green zone around 230/232 has held and therefore the higher low option is in play. However, as we can see on the left, we got a small rejection once again from that thick blue line once again. Now this also doesn't mean much, but i do think that...

botje11

Since my last analysis, we can see it was quite the shit show since, making fake breakouts on both sides. Never broke the 236 support but it did do a fake breakout of 242. The yellow circles are what i think fake breakouts of the big bull flag on the left. The thick blue line is what i think what the resistance line should be of that bull flag. In my previous...

botje11

A follow up on the previous analysis: This market has become so extremely boring, taking ages before it makes a move. Anyway, getting very close to the green support line around 9000. So far still dropping slowly and small step, which so far always has been a sign that it eventually turns up. OI went up a lot as well again, which it did the last time as well...

botje11

Unfortunately still moving inside of the consolidation range. Still the big question for everyone, are we breaking up or are we breaking down. Chances for a big move, so a 1K move in one day is quite big, because normally the bigger the consolidation the longer the distribution or accumulation has been. I started writing like an hour ago, just before that last...

botje11

In the previous analysis i showed that alts were in bad shape short term. That uptrend was from past months was about to break but eventually it never broke the first support zone on the daily chart, bouncing up from that zone to rally as it did past week. So now it looks like it turned the past weeks into a bull flag and this week we had the break out. Also...

botje11

On the left it looks like the breakout from that bull flag has failed, but the movements have been quite small so not very meaningful yet. As i updated in my Bitcoin analysis yesterday, there was a potential H&S in the making on the lower time frame. I have added a parabolic shape as well, showing the higher lows, when staying intact would mean the H&S won't...

botje11

Crap, wrote whole story and accidentally deleted it, i F hate when that happens. In short: Bitcoin did a small bull trap with that failing inverse H&S. While ETH never broke that red resistance and seems to be completing a bearish H&S. So it seems as if ETH might even be more important to follow here. If ETH touches 236ish, good chance we see more downward...

botje11

My last update from the previous analysis: It seems as if the stock market saved the day again for Bitcoin. The futures opened higher and kept on pumping since dragging Bitcoin along with it. Both are at resistance zones now, so could just as easily turn around again. When looking at Bitcoin, it looks more bullish at the moment. As i described above, Bulls need...

botje11

I just posten a higher time frame on Bitcoin, a follow on the one i did almost 2 months ago. This analysis is still slightly neutral, but because this 8500/10.000 consolidation is taking a lot of time and curving down slightly, it looks as if a drop (correction) is a likely outcome for the coming week or 2. What i can say is, that thick blue line on the left is...

botje11

In the previous analysis from almost 2 months ago, i talked about bulls need to hold 8500 and that the longer we stay in the 10k/8.5k range, the better it would be for the bulls. However, there are 2 things that are NOT in favor for the bulls since. 1) That failed breakout to 10.400, usually a big sign of the markets intensions. 2) It was bullish to see bulls...

botje11

Looks as if gold might go down some more this week. Dropped today but the bounce seems to be a bearish wedge. The bounce was support from that trend line on the left. So, if the wedge is real, we should drop again and if that happens that up trend should break as well and could bring the price down even more. 1775ish is a big resistance, it should not get above...

botje11

In my previous analysis i talked about a possible Bart move in my last update. Now we didn't see a shake out wick for Bitcoin, but we saw exactly that with ETH. While it did that that shake out wick i posted this chart in my public channel and comparing that move to the one from a few months ago. Then it continued to drop much sooner, but don't know yet to think...

botje11

An update i did yesterday: Once identical as Sunday week ago. Stock market futures opened lower, made a new low and then Pump, pulling Bitcoin up with it as well. Now once again at the 9450/500 resistance (9480 level i mentioned several times week ago). Flagging pretty stable against it, increasing the chances for the bulls. Key level is still the 9700ish....

botje11

I was looking at Apple as well, possible H&S, but last hour it was almost invalidating it so didn't continue with it. Now coming back down again so the H&S is still alive here. The only way i see it working is if we see some acceleration to the downside. So crawling to 351ish support, if the 350.5ish then breaks, a fast drop below 349 should happen. If so, the H&S...

botje11

A few weeks ago, during the crazy pump of the stock market, this one all of a sudden was lagging and weakened. It opened above that resistance only to see a big dump from 365 to 320, while the index was stable. Now the second orange zone shows a similar situation. Broke out upwards last week only to go back and test that trend line again. The movement from the...