The_Alchemist_Trader_

The_Alchemist_Trader_

Hello Traders, New Thesis on ETHBTC Points to consider, - Potential Inverse head and shoulders playing out on the 1hr time frame - 12 EMA riding as support in to strong resistance, this needs to break for the head and shoulders pattern to be confirmed - RSI on uptrend with strong support - Volume declining on right shoulder - VPVR showing low volume of...

The_Alchemist_Trader_

Hello Traders, New Thesis on BTC, We may have had a blow off top and potentially be in the complacency stage of the Wall street cheat sheet, Points to consider, - Parabolic rise with a pull back of over 25%, the reaction rally which was expected - The rally was short lived with below average volume - Fibonacci target of 0.618 From daily ATH was met,...

The_Alchemist_Trader_

Hello Traders, Update on BTC, Looking at the current chart of BTC paints a picture that the parabolic move maybe over, Points to consider: - The 0.168 Fibonacci has acted as resistance, we did see a fake out, but the level was well respected - Stoch momentum is on the downturn on the daily - Fibonacci extension show us a potential target at 1.168 level...

The_Alchemist_Trader_

Hello Traders, LTC has taken a beating from BTCs parabolic phase, points to consider here are - Lower highs coming down from the daily trend line - Rejection from the .618 Fibonacci line - Fib extension target at 1.414, potentially setting in a double bottom - RSI oversold - Supports are being broken across all ALT markets in BTC value I think as BTC...

The_Alchemist_Trader_

Hello Traders, My thesis on BTC Dominance, Looking at the chart we see BTC dominance is currently at yearly highs and showing no stopping. An area to look out for is the .50 Fibonacci retracement where the dominance with some probability could top out and reverse. In historic price action, this often leads to an ALT coin season. The current ALT coin market...

The_Alchemist_Trader_

Hello Traders, My new thesis on BTC, Points to consider, - Potential double top on the 240 timeframe - Volume climax saw bears take control over bulls - Perfect rejection from the .50 Fibonacci ($11483.4) which is on CONFLUENCE with the 1.618 fib extension from swing high to swing low - A large bearish divergence on the daily timeframe, RSI making lower...

The_Alchemist_Trader_

Hello Traders, Holo is worth a look, my thesis has found the following, Points to consider: - Potential double bottom on the daily time frame - Bouncing of longer term established trend line which is on confluence with the double bottom - A sharp sell off into support often yields into an oversold bounce play, RSI is quite oversold compared to previous...

The_Alchemist_Trader_

Hello Traders, Points to consider, - Possible right shoulder forming if this is the local top, confirming an inverse head and shoulders - A retracement to golden fin lines is highly probable - Lower highs on the RSI LMT can also have a blue sky breakout if this triple top does not play What are your thoughts ?

The_Alchemist_Trader_

Hello traders, Critical level for BTCUSD chart as we retest the .382 Fibonacci retracement line - If the bulls have another push in them, clear target will be the 0.5 Fib line at $11,573, will quite possibly be at play - We need healthy consolidation and respect of the .382 Fibonacci line, Id like to see BTC Retrace back to the .236 Fib, confirming support and...

The_Alchemist_Trader_

Hello Traders, Gold chart worth a look!, Points to consider, - Very Key Technical Resistance has been broken - Confirmed pattern of the Inverse head and shoulders - Target for this pattern would be around $1547 - RSI has clearly broken it resistance - A retracement to at least the golden fib lines are highly probable .5 @ $1430 .618 @...

The_Alchemist_Trader_

Hello traders, The current LTCUSD chart is worth a look, Points to consider here, - A clean bull pennant formation on the 4hr time frame - Continuation of current trend is highly probably with this formation - Volume tapering of, sign that breakout is near - VPVR volume traded is at lowest after resistance what to look for is a bull break with strong volume...

The_Alchemist_Trader_

Hello traders, Points to consider here, - Noticeably higher volume coming in - Higher Highs on the 240 time frame - Clean Rejecting of the .236 fib line - POC on VPVR is acting as resistance as well - Not much volume traded after this resistance on the VPVR, so we can potentially witness some big moves What to look out for is higher highs coming into daily...

The_Alchemist_Trader_

Hello Traders, Points to consider on the CME Futures Chart, - Price history in all the CME Futures Charts always have a tendency to fill gaps (Very common is stocks) - These gaps don't necessarily need to be filled right away, but to a high degree in certainty, they do eventually - The chart tells us that we do have two gaps that eventually will get filled ...

The_Alchemist_Trader_

Points to Consider: - BTC broke out of resistance at $8800, testing the upper resistance from the broadening wedge pattern - A broadening wedge pattern is a bullish formation , where i believe we will test the upper resistance of BTC at $9,700 - Also a retest of the SR Flip will confirm the strength of the bulls! What are your thoughts on the current action...

The_Alchemist_Trader_

Lets keep this simple, Points to consider: - Higher highs coming into major resistance zone - Volume tapering off, usually leads to a volatile move - Riding daily EMA 8 bullish - Stoch still has plenty room for upwards momentum This chart reminds me of Ethereum's break out on the 11th of May 2019 What are your thoughts ? :)

The_Alchemist_Trader_

BTC Broke out of resistance, Invalidating the Rising Wedge formation however the H&S pattern could still be in play but the right shoulder doesn't look to pretty anymore. Points to consider: - We still have a clear bearish divergence on the daily time frame with volume tapering off - Hitting resistance at $8700, Resistance turned support will be confirmed if...

The_Alchemist_Trader_

Points of consider here. - Clear Bearish Divergence - Potential H&S Playing out - Rising Wedge hitting Resistance - Volume Declines If price starts reversing, probability of BTC retesting the Neckline ($7,500) will be in play, the fact the volume is declining tell us that a big move is lurking around the corner!

The_Alchemist_Trader_

Decision time approaching, hitting daily resistance on 4hr time frame, A potential head and shoulder pattern could be playing out here for a retrace to the .50 or the .618 golden fib lines, testing at least the previous resistance turned support. We can also see a clear bearish divergence (HH on price and LH on RSI Level) 240 time frame. If this is the local...