TheAlchemist888

TheAlchemist888 Updated 

BTC is at a critical resistance now. If you are long, I would be careful and make sure to have a stop loss. If its gets rejected from here, we can see a pull back to 21k support line for a consolidation. The indicators are pretty bullish still, so I don't expect to break the 21k support but lets see if we can break above this critical resistance soon. If we do,...

TheAlchemist888 Updated 

Currently on a sideway trend support which started since May 2021. I see two likely scenarios; 1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run. 2- Bounce up from...

TheAlchemist888 Updated 

Caught my attention with OKX jumpstart and the moves they have made after such as quickly listing on Coinbase (no announcement?), Binance futures (no spot?) and more others. Their listing strategy is different to other projects in the market and its refreshing to see. Has cool tech, cross chain interoperability is the only way for the future, and these guys do...

TheAlchemist888 Updated 

This is a pretty straight-forward chart, CRYPTOCAP:LTC seems to have bottomed and sitting on a 5 years long support. LTC hasnt been talked about much lately but it seems to be actually still being used for payments and more than we all think; according to a report by Bitpay, LTC was the most used cryptocurrency to make payments on Bitpay, with 34% of the...

TheAlchemist888 Updated 

Looks pretty straight forward for me. Another bull run in horizon. Below are my reasons for this belief: Fundamentals - Next halving is coming in just over a year - May 2, 2024 - There were a few black swan events in the past year and price of btc managed to keep very strong still. - The black swan events occurred due to human fault, and the trust in the...

TheAlchemist888 Updated 

Just like in BTC and everywhere else in the crypto markets, the trading volumes on ETH are also very low. However, the main difference from BTC is that Ether's supply is now deflationary. Since the merge of the new consensus mechanism; Ether's circulating supply has been going down. (The first year in deflation). And alongside this data, on-chain metrics show...

TheAlchemist888 Updated 

Everything about OKB is looking bullish. Keeps on forming a bullish pennant recently. Also the OKX company decided to launch their own blockchain with OKB being used for gas. I expect them to come up with ground breaking products to amplify their new blockchain. They also keep on burning OKB, so far 70m has been burned. If OKX is to compete with Binance, they...

TheAlchemist888 Updated 

A short term long opportunity seems to be in the books. Invalidation under the support trend.

TheAlchemist888 Updated 

Bitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse...

TheAlchemist888 Updated 

Expecting Stacks to keep pushing towards 2$ Only SEC approved coin that allows building with Bitcoin blockchain security. Proof of stake mechanism is also getting traction which pays out in BTC. Let's go!

TheAlchemist888 Updated 

Trying out this new chart patterns indicator, making our life much easier. Seems like it caught a pretty accurate bullish pennant on the 12h chart and also showing the target. Technical indicators also support bullish momentum. Lets go AVAX!

TheAlchemist888 Updated 

This analysis is for my own education, I am trying to learn the wyckoff method so please correct me if I am wrong. Phase A: We can clearly see the stopping of the previous down trend and the dominany supply. Preliminary support (PS) is very short lived and followed by continuation of selling climax (SC). We can see the Automatic Rally (AR) right after the...

TheAlchemist888 Updated 

Looks like a breakdown of a falling wedge pattern in BTC chart. However, the on-chain metrics tell us a very different story in terms of Bitcoin's current state. According to on-chain data, as of last week, there are 47.87m addresses with a balance in Bitcoin network. This obviously excludes user balances on centralised exchanges. It is constantly increasing and...

TheAlchemist888 Updated 

Looks pretty straight forward to me. XRP to hit 0.49 cents resistance soon with a potential of a double bottom formation. If it breaks the neckline, the next resistance is also shown in the chart. The indicators are pretty bullish too: TLL RSI light up green, still needs some momentum. Money flow is over 0.10 Volume is picking up Furthermore; if SEC rules...

TheAlchemist888 Updated 

I am loading up on STX mainly because it is the only SEC registered crypto project out there. Also Stacks allow users to deploy smart contracts on Bitcoin Blockchain - you might have heard Ordinals recently, NFTS on Bitcoin. There arent many other strong candidates with such fundamentals. It has already broken out of the down trend, and seems like finding...

TheAlchemist888 Updated 

It seems like EOS hit a triple bottom. Has been in heavy distribution for the last few years. Lets see if it can bounce up for a chance to get around 50% profit by hitting the horizontal price range.

TheAlchemist888 Updated 

Chaikin Money Flow shows a break out about 0 level and a successful retest. Double bottom confirmed. RSI showing sign of bullishness. LL RSI is also showing sign of bullishness. Major resistance levels are shown in red horizontal lines. Lets see if it works out.

TheAlchemist888 Updated 

I believe Bitcoin is at a critical point right now. Its at the year long support once more, it broke down this support in June but bounced back up at 29k low. Very nerve wrecking times but we need to be calm, patient and analytic. If it breaks down this support, expect around 33k. (I dont expect this.) However, there is also a bullish falling wedge formation...