cryptochemistry

cryptochemistry

The ZRX/BTC ichimoku cloud on the daily timeframe is undergoing an edge-to-edge move. This strategy involves price moving into the cloud from below, and closing inside of the cloud. Once this happens, the edge-to-edge idea suggests price will make its way through the cloud to the other end for a 'kumo breakout' above the cloud. Think of the cloud as an area of...

cryptochemistry

A viewer requested a look at the SNX chart. Shown here, the weekly chart on the left and daily chart on the right. The weekly chart shows us an inside bar forming, giving us some good price ranges to be focused on. I'd be hunting for a long entry on a weekly EMA retest. To get a little more aggressive, I look for longs on the daily EMA supports. The daily chart...

cryptochemistry

Bird.Money is a new micro-cap making waves this weekend. Since chasing is not advisable, and to counter-act any FOMO, we look to some EMA retracements to enter longs whilst keeping an eye on Fibonacci zones given this phase of price discovery.

cryptochemistry

The standard ichimoku cloud's kijun line (referred to as Base line in the indicator settings) is the mid-point of the high and low price over the last 26 periods. I use Carpenoctom's modified ichimoku cloud inputs for cryptocurrencies since it is a 24/7 traded asset. The kijun shown here uses 60 periods instead of 26. Carpenoctom has created a video series...

cryptochemistry

AAVE/USDT is seeing a clean bounce off the daily 12 EMA; this pair will depend heavily on a bounce in BTC/USD or lack thereof. The bear break on the daily chart has me cautious. AAVE/BTC continues to trade within a solid range and the ichimoku cloud remains bullish.

cryptochemistry

A bullish kumo twist is printing on the AAVE/BTC chart following a convincing breakout from a bearish cloud. This is a huge sign of strength and has me looking bullish, though we could expect a retest of some support before continuation. While the ticker has proven strong results in the past few days/weeks, this leading indicator suggests further upside ahead. Long here.

cryptochemistry

Helium bulls are watching this daily chart, aiming to confirm a daily trend change on the BTC pairing.

cryptochemistry

With the surging ALBT chart, we take a moment to reflect on 1) what got us in the trade and 2) what kept us in it for this insane bull move. 1) We used the WETH pair to identify key buys (EMA retest for aggressive, Fib golden pocket for slightly less aggressive). 2) The daily 12 EMA on the USDT chart kept us in this trade. It still has yet to close below this...

cryptochemistry

If Ethereum decides to take a breather after this insane weekend surge, I expect good things for this ALBT pairing. With ETHUSD up 23% on the day at the time of publishing this, a quick look at ALBT shows a decoupling of its USDT pair from its WETH pair. This is mostly as anticipated given the surging ETHUSD and ETHBTC pairings this weekend, but I still felt it...

cryptochemistry

With this lowcap pulling back from ATH after a massive blue sky breakout, I am eyeing a retrace to the golden pocket for a re-entry.

cryptochemistry

My alert for NUMI's daily 12 EMA went off 12/21/2020 and have a tiny entry there. Wanted to add more to the 26 EMA (left) but missed it and it's seeing a solid 10-12% bounce from that. Hourly chart (right) looks like it could be setting up an hourly bear flag which has me cautious here. My position is very tiny; if doing swing trades on penny stocks I think it's...

cryptochemistry

Watching that bottom diagonal trend-line as a potential entry on support.

cryptochemistry Updated 

Mushroom stocks have the potential to be a huge hype market driven by crazy retail speculators and nonsensical charlatans. The appetite is there for a new hype market like this, so I'm looking at EMA retests before entering in for swing(s).

cryptochemistry

The 12H ETH/BTC ichimoku cloud is printing a bearish flip, but a ~29 RSI reading has me cautious on shorting quite yet. With BTC in blue sky breakout, shorting ALT/BTC pairs seems like a high-probability way to accumulate more sats.

cryptochemistry

We will be watching the 3D chart for RSI clues moving forward. Alert will trigger at 3D RSI crossing below 28. Exit targets will be based on EMA retests, ichimoku levels, and fib levels.