Chart Kitchen – Telegram
Chart Kitchen
1.09K subscribers
155 photos
1.01K links
Chart Kitchen Telegram relay.

Join our Discord! - https://discord.gg/hy7NyXKdUT

https://chartkitchen.com
Download Telegram
👑#BTC update:

The FOMC meeting is happening today/tomorrow. Since the market's already crashed in anticipation of it, it's looking to be a buy the news event - bearish anticipation will be gone. But apart from that, TA wise there's nothing bullish about the chart - price below cloud, kijun above tenkan, tenkan acting as resistance, cloud's turned red. The invalidation of the bearish setup would be the price going above 51k - back in the cloud, crossing tenkan.

https://s3.tradingview.com/snapshots/n/nhFqdFMj.png
In other words, tomorrow should be a buy the news event, but in general things aren't looking great while BTC remains under 51k.
👑#BTC update:

The FOMC meeting was a buy the news event, but BTC got rejected at resistance today, and another lower high was formed. Still, getting a lot more optimistic about this - ever since yesterday, Chinese selling pressure is gone. No more bearish anticipation of the FED raising rates anytime soon.

The first higher high (currently $49500) will be the reversal signal - falling wedge breakout and 4h cloud entry.
https://s3.tradingview.com/snapshots/9/9qwAHIY0.png
👑#BTC update:

Bottom of the wedge (more or less). If the wedge holds, it should bounce around here.
https://s3.tradingview.com/snapshots/z/zOVOs5NK.png
👑#BTC update:

Just waiting for the breakout at this point. Alert set at $49k.
https://s3.tradingview.com/snapshots/y/yY1Qpiv3.png
👑#BTC update:

Still within the falling wedge, nothing new. Bottom edge - 45k. First higher high/breakout - above 48500.

https://s3.tradingview.com/snapshots/x/XaUZbmd2.png
👑#BTC update:

Getting close to the upper edge.

Hoping for the breakout here - wedge looks fully formed, can't see it consolidating much longer.
https://s3.tradingview.com/snapshots/w/w0kwX6ht.png
👑#BTC update:

Falling wedge breakout.

First higher high. Potentially the start of a trend reversal.
https://s3.tradingview.com/snapshots/l/lZY35hgu.png
SUSHI update:

💰🔥 TP2 hit! 🔥💰

21% up from entry. Be careful here fellas, lots of alts are right on resistance. Don't forget to secure some profits.
Now: https://s3.tradingview.com/snapshots/t/t521xXw9.png
Entry: https://s3.tradingview.com/snapshots/u/UpL8AMW5.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/923518241052164106
👑#BTC update:

Consolidating at cloud's edge, just as mentioned in the previous post. If it breaks down, the support is at $48700 - 4h kijun, daily tenkan. Can't really trade here - if you sell now, you're risking to get chopped up, selling low and rebuying higher for as long as the range lasts.

Have limit buys set at $48700 instead, if you got any spare cash.
https://s3.tradingview.com/snapshots/s/szSCAgnG.png
Typo in the previous post, meant $48700.
👑#BTC update:

Breakdown, fakeout, and now's the time for a pump. Next stop will probably be daily cloud's bottom edge at $53200.
https://s3.tradingview.com/snapshots/t/tL9ogzjR.png
👑#BTC update:

Guess it won't be that fast. Rejected yesterday, still at resistance, still consolidating.

https://s3.tradingview.com/snapshots/e/eh9TxlGu.png
👑#BTC update:

Support's here. Cloud's top + 50EMA.
https://s3.tradingview.com/snapshots/i/IuWr1xUO.png
SUSHI update:

💥💰 TP3 hit! 💰💥

Last TP hit yesterday, 35% up from entry. Pretty significant resistance's here, 200EMA+cloud's top+kijun. Trade closed.
Now: https://s3.tradingview.com/snapshots/7/7MkvoBxt.png
Entry: https://s3.tradingview.com/snapshots/u/UpL8AMW5.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/923518241052164106
SHIB update:

Stopped out.

My bad, shouldn't have been so optimistic, should have put the SL below cloud. It is what it is though, going to wait for the bounce to rebuy (above 0.00003645), then put the SL below cloud.
Now: https://s3.tradingview.com/snapshots/r/RrLgzSpd.png
Entry: https://s3.tradingview.com/snapshots/i/IwJK05fg.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/925134527469338654
RUNE update:

💰🔥 TP1 hit! 🔥💰

Forgot to mention, rune TP hit yesterday as well. Feel free to rebuy here whatever you sold. Alts still look amazing, green cloud across the board, kumo breakouts + retraces to cloud's top. Will update the SL after the bounce.
Now: https://s3.tradingview.com/snapshots/a/AaQOHUIo.png
Entry: https://s3.tradingview.com/snapshots/c/CwuTQpL3.png
Call link: https://discord.com/channels/690955085127221308/692046098113757274/922792528229576714
👑#BTC update:

The 4h cloud didn't hold, but right here's a far more significant support. Another test of the HTF demand zone. Already posted in the dining room a few hours ago - pretty sure the bottom's here. China loses access to centralized exchanges on Dec 31st, only a day from now - this is the last chance to cash out to yuan for the Chinese nationals without a foreign bank account. In one day their selling pressure will be gone, and this will probably get front-ran. SP500 is at all time highs, BTC remains a risk-on asset. Only a matter of time until it catches up to stocks.
https://s3.tradingview.com/snapshots/3/3R6PmSY7.png