The_Alchemist_Trader_

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...

The_Alchemist_Trader_

Points to Consider: - Daily RSI Knocking on resistance - 4hr ascending triangle, 3 touches coming into daily resistance - Volume declining Would like to see resistance broken with a retest and continuation, anything here is possible, we must keep an eye on BTC who is the KING and will determine to direction of this whole market

The_Alchemist_Trader_

Coming out of a bear market trend, having broken above major resistance on the daily LTC is riding 8 EMA - Bullish until close below this EMA . Currently forming a daily Inside Bar waiting for bearish/ bullish break to confirm the continuation. What I feel we need now is a weekly Lower high, Consolidation above $120.00 will show that the bulls have a strong...

The_Alchemist_Trader_

Btc broke out of resistance at $8050, currently hanging in a small range at $8170 which needs to break otherwise a retest of $8050, SR flip will be in play for BTC