BlakeWissemann

BlakeWissemann

-Candle bodies form a double bottom - target: 45-50 -Reversal divergence RSI and on the daily -volume decreasing Reasonable buy opportunity

BlakeWissemann

I did. Are we going lower? Possibly. How low can we go? 29-33 has my attention. If 29 breaks, then 19-20. But I don’t think so... yet. I’m calling it a shake out, and even if it’s not I’ll keep buying crypto because I have faith in it. 2x HNS Patterns, on a lean. I don’t like angular HNS but they marked the current price very well. I should have considered...

BlakeWissemann

RSI Reversal Divergence has been playing out for awhile. The most recent bounce amplified the divergence. So in short, I expect a rally. Similar to the end of April. I would feel more confident if it were clearer on the daily. Target is 50 Current 4hr pattern is a right triangle (continuation), but it’s also a double bottom, with reversal divergence, that can...

BlakeWissemann

No point TA'ing this one, It's an All Time High. Which means anything could happen, we could crash to the bottom of the ascending channel, or go to $6. My money is on $6. All an "ATH" tells me is now that the price broke higher, it can, and probably will, meet the highest price again. Just publishing this one because I think everyone needs to know how valuable...

BlakeWissemann

I've been following Gold and Silver for sometime. However, I've never published a Silver TA chart. Mainly because Silver's reversal pattern is actually a continuation pattern, so the fact that it reversed, would have thrown anyone off who looks at TA alone. Lucky for me, I don't look at TA alone and had a feeling Silver was reversing before it did. But before I...

BlakeWissemann

This is not as much Technical Analysis as it is Fundamentals, or more specifically, just my opinion. When I recommend friends and family to crypto, I don't usually recommend Bitcoin BTC. I tell them about Etherium ETH and Binance BNB. I admit that BTC is a work of art and a saving Grace, in a sense, but it’s heavily shrouded in mystery. It leaves more questions...

BlakeWissemann

Now, now, hold your horses. This could go either way, but I'm super excited about reaching the topside of this channel... Bullish Indications: 1) Bull Flag (Red): 3 touches on the topside, 3 touches on the bottom, only 2 of each required. Bull flag targets are listed in the chart. As long as price remains in the channel, Gold is bullish long term. 2) Reversal...

BlakeWissemann

If I was stupid enough to scalp gold, I do this trade now. INV HNS (bullish head and shoulders) when price brakes above 1740. Target: $1789 Support: 1713-1722 Of course, if we go to $1789, we might as well go for $1813. Which brings us to the topside of the bull flag, which would be nice. Why... -2x Strong Reversal divergence on the 4hr mainly. -This...

BlakeWissemann

Still early stages but I feel GoldUSD might be reversing. To be sure, I’m looking for a price target $1736, then a break above. This will complete an INV HNS pattern which is short term bullish with a price target of $1789. However, this hasn’t happened yet so I’ll explain why I expect this reversal. 1) both correction targets were hit, and these targets came...

BlakeWissemann

Nice to see INV HNS played out. As you know, BTC broke ATH. The pattern was a cup and handle, with a tiny 3k’ish handle. The target for this pattern is 70k (between $68,000 and $72,200). This is just a guide, as we need to consider things like hyper inflation, fomo, and global news. So the target is simply a point of expected consolidation, not the end of the...

BlakeWissemann

BTC broke descending channel ( bull flag ). First target was hit $48332, next target is $49700ish. But I would really like to see it hit $50-$52k (the purple bubble), thus complete the inverted head and shoulders pattern. If it does, expect a small correction and then we are back up to the top. Things to consider -a break out of the channel doesn’t mean a...

BlakeWissemann

Probably the most concerning chart I’ve had to map. To start with, this is a long, (time) widening, ascending channel , with another ascending channel inside it. It’s got bearish written all over it. As much as I consider ascending channels (bear flags) as bearish patterns, they can also be seen as bullish patterns because the bottom side offers support in a bull...

BlakeWissemann

Probably the most concerning chart I’ve had to map. To start with, this is a long, (time) widening, ascending channel, with another ascending channel inside it. It’s got bearish written all over it. As much as I consider ascending channels (bear flags) as bearish patterns, they can also be seen as bullish patterns because the bottom side offers support in a bull...

BlakeWissemann

First pullback target reached $$ The price on Gold will be determined by economic and social events. We saw a break out to all time high, but the only logical reason that happened (that I can think of) is due to hyper inflation, economic recession, and fear of life itself. Normally I would expect some sort of pullback before breaking to new highs. Basically I’ve...

BlakeWissemann

A break below 43k will confirm a bearish HNS pattern. The target would be 32-35k. Currently on the daily the RSI is at 43, which is bullish bounce zone for me, but the stakes are high on this one so If one is able, ladder stop losses. I would not be surprised to see some sort of bullish bounce at the current price. Although, Too much positive news and too many...

BlakeWissemann

Here we are again, at the edge. A break above the current price is an extremely bullish signal, of course, buying the breakout doesn't work in crypto. It could just be another fakeout. If i was to be confidently long here, I would like another touch on the bottom of the Right Ascending Triangle, for the RSI to reset in the oversold position on the daily, and for...

BlakeWissemann

Expecting a top of $1790- $1880, in the short term, however, not supported by chart patterns. I expected to see a correction down to $1430 on March 16 and didn't quite make it. The correction was expected because the Inverted Head and Shoulders target was reached, but Gold continued to climb. Gold just broke out of Ascending Channel (Bear Flag) and appears to be...

BlakeWissemann

On the daily, BTC is showing signs of potential bull run. Descending channel, RSI reversal divergence, psychological checkpoint of low 3's (halfway point of yearly lows). Elliot wave confirms 3 waves down to low 3's. 3.4-3.6 will act as reasonable support, if a bounce occurs, look for Inverse head and shoulders pattern, which would make for a nice little bull run...