BlakeWissemann

BlakeWissemann

As stated previously… A bull run is unlikely, as far as TA is concerned. Broken rising expanding channel puts the target into low 20’s. In reality we could see lower then that in the mid-long term. That’s not to say that we won’t see a relief bounce soon, but at this moment, there is no relief bounce forecast as the RSI, my holy grail of indicators, simply does...

BlakeWissemann

My price target WAS 34k, with the INV HNS pattern. But we have problems Bullish argument: INV HNS Weekly 30 and 50 cross MACD in the green Bearish argument: Reversal divergence RSI daily and 4hr Low volume Expanding wedge/ bear flag Fake out 27/04/23- shows bullish weakness Currently forming bearish HNS 34 K is still possible, but BTC needs a pullback for...

BlakeWissemann

The price action for the last couple of months is rather irregular, forming no recognisable pattern. Currently we are forming an expanding wedge around 24k, which can signify a revisit to 18k… or it might be an INV HNS Inverted Head and Shoulders with a target between 30-35k. HNS patterns are notorious for messy right shoulders. Either way, if 18 is revisited, it...

BlakeWissemann

There’s 24! Fell out of the wedge which means topping out. RSI & MACD reversal divergence, and trend brake down: might get to 25 but it’s pull back time to 20ish. Buy hard on the pullback! Long/mid term: bullish Short term: bearish

BlakeWissemann

Clean breakout of 2 falling wedges. I’m looking for a top of 24… because I don’t think it’s a good reversal pattern. The big falling wedge target is 45 (and 70, unlikely at this stage), but the pattern is unfinished, 13, 10 and 6 are still on the cards. RSI daily and 4 hr says tiny bull run is unfinished, which is why I expect 24 or higher and then some sort of...

BlakeWissemann

From a Technical Analysis perspective… Finally got to the edge of the pattern. 10k move inbound in < 1 week. Targets: Bull: 28k-31k Bear: 12k-13k Indicators are bullish MACD, RSI reversal divergence. Bullish falling wedge. Potential double bottom (weak) Otherwise, it’s worth noting - The BTC move is dependant of SPX (double bottom) and DXY...

BlakeWissemann

Despite buying back in (Heavily) The bear argument needs addressing. $18000 absolutely needs to hold Several stages to this, first, TA So…. - Weak double bottom with most of the action happening on the lower side. - also can be viewed as a right Triangle (Continuation: target 14-11) - despite reversal divergence on all indicators on high time frames (usually...

BlakeWissemann

Brake above 0.001414 is bullish Brake below 0.001370 is bearish Next bull targets 0.001600 - 0.0018 - 0.0024 But I’ll be scalping when I sense reversals. Let’s go bulls!

BlakeWissemann

Bullish: RSI Reversal divergence MACD Reversal divergence Large volume spike on a few exchanges TD Sequential relevant zone Downward Channel, near bullish breakout Bearish: Bear flag on the 4hr in a right angle triangle (2x bearish) with a mean engulfing bearish candle followed by inverted hammer rejection candle. Reminds me of the 2018 drop. Dependant on...

BlakeWissemann

Blue: Buy orders since 5/10/22 Pink: Sell Orders since 5/10/22 Green: Buy orders before 5/10/22 Purple: Sell orders after 5/10/22 Notice the wick that broke the falling channel , this is why we don’t use stop losses. Lucky for me, I keep my orders open even if the pattern changes so that I can capture those wicks. And I stagger my trades ($1-$4). I sold the...

BlakeWissemann

I thought I’d choose one of the riskiest charts I have in my watch list and test my trading skills with $50. I choose Labs because of its upside potential, and it’s risk to reward ratio, and because it’s realestate, and because it came pretty close to 0, which is really important to me when selecting low market cap coins, and because it shows signs of reversal...

BlakeWissemann

Reversal divergence RSI, MACD. Bull flag/descending channel Large volume spike on BINANCE particularly. Big move inbound. I would say 14 days or less. Watch for double bottom 17-19. -17 is bearish BTC Longs rocketed. Now flagging out: long BTC Shorts bottomed out: now increasing: long Check Ticker: BTCUSDSHORTS & BTCUSDLONGS All the signs of a reversal....

BlakeWissemann

Bullish: 1) short term hidden bullish divergence RSI Bearish: 1) Bear flag, maybe double top 2) long term reversal divergence (bearish) 3) RSI support broken In summary, neither bullish or bearish but 1788-1814 needs to hold (green box)… otherwise we revisit 1700 and lower. Fundamentally, I see no reason for 1788 to break. I consider this a buy op.

BlakeWissemann

Bear flag, broke! Yeah, it’s possible for a pump as RSI is showing Rev Div, but too many bearish signs. What’s more is RSI fell far out of support, which is a pretty clear signal (to me) of a bear market. Also resistance at 40, 42, 44.4. At this stage I don’t see any relief pump breaking 44. I don’t think even 42 will break actually. I’ve said it before, I’ll...

BlakeWissemann Updated 

Max 49618 Obviously if it breaks, we have INV HNS. … I don’t think so

BlakeWissemann

$1.20 worth of Australian 10c coins consists of 75% copper 25% nickel Which means 12 x 10c AUD Coins = approx 2 Troy oz = (Cu = approx AUD) $6.31 x (2ounces x 0.75) + (Ni = approx AUD) $1.83 x (2oz x 0.25) = ($9.46 AUD + 0.92 AUD per 2 Troy oz) / 2 oz = 10.3763/2= $5.18 AUD so if my math is correct, (and it is hard to get info on these metals in AUS, so...

BlakeWissemann

Despite the bullish news with Biden indirectly accepting BTC as a thing, and plenty of bullish news regarding alts… …the chart is looking choppy. And there are no clear signs of reversal. If anything this pattern is beginning to look like a bear flag. Although a mix of bullish/bearish signs, I’m leaning bearish here, short term. Although I’m unsure. BTC needs...

BlakeWissemann

I’m pretty excited as well. Cup and handle with huge upside potential BUT…. We are not out of the woods yet. Realistically (IMO) Gold needs to brake and stay above 2200 before I’m calling crazy targets like 2700. Because of inflation mainly. Normally cup and handles are straighter, which I blame inflation, so either I’m wrong and this a double top (lower time...