Chemintrader

Chemintrader

Engulfing bar on 2 hour Bitcoin chart. A great signal from the market. Watch out for 23% fibonacci - price -$40,500.00 from this high as possible resistance.

Chemintrader

Opened a buy reversal candle on daily. We will retest the descending triangle resistance again. We can finally break through to get at least the $41,500. If it fails, we will try to retest the demand area again. What do you think will happen?

Chemintrader

Ethereum loses the trend line of the 2-hour chart and follows the same correction trend that I showed just now for Bitcoin. I don't see a significant correction as the daily RSI bottoms out but anything is possible.

Chemintrader

With 3 hours and 20 minutes to go before the daily candle ends, we have a sell bar right at the resistance point of the descending triangle. The next bar on the daily if it opens short confirms the failure to break out there we go for the 35 thousand dollars. On the daily RSI we will reach an oversold area and possible reversal and retest of the breakout of...

Chemintrader

Something seems to be happening right now. If you are in this market pay attention it may be possible entry. Don't go in, just stay tuned.

Chemintrader

As I see it:- Bitcoin has been accumulating to take the last leg up. This is the Wycoff accumulation macroscheme being: PS - preliminary support; SC - sales climax ST - secondary test; Spring; LPS retest - last preliminary support; BU/LPS - Jumping River & SOS - Trend Strength signal. I must say that this accumulation scheme is only confirmed after it hits...

Chemintrader

Bullish divergence in segmented volume. The same happens on RSI. We are inside the Wicoff area of LPS 2. We must go up. If that doesn't happen we have a retest at $37,619 which is the 50% Fibo of that bullrun.

Chemintrader

Divergence in daily RSI for Bitcoin. We have to break the wedge so we can be sure we're going to pop up. The demand zone limit is at $52,500.00 below that we are at high risk to correct deeper.

Chemintrader

Bitcoin is supported well above the average of 218 periods on the daily chart. In my studies, I realized that the 218 measure is very important in the diary. It shows, in my understanding, the last and most important price resistance line of BullRun. We have to stay above her now. It is more accurate than using the average of 20 on a weekly basis, check it...

Chemintrader

Bitcoin making a background on the daily chart, oversold of stochastic. From here, we hit R$53,000 and it should go up. Breaking the historical high we have a first target at R$74,233. This story of a new African variant is to sell the new COVID 19 medicine and of course for us to buy the cheaper Cryptos.

Chemintrader

Inverted hammer on daily chart. Will you help break that bullish flag? If this breakout happens to reach $66,900 then it's better to lower the hand on some altcoin because Bitcoin can bleed some coins. Not all of course, Ethereum for example is ignoring.

Chemintrader

It seems to me that we have a wedge formation that brings bullish conviction. I stochastic in the diary at the oversold and pointing up. On the green arrows it is possible to break this wedge. Will we go?

Chemintrader

Ongoing formation of a tweezer top candlestick pattern on the daily Bitcoin chart. Overbought Stochastic. Pay attention to the white line which is the Fibonacci 618 if the price goes beyond that level it will get the 0.50% at $46,908.