BlakeWissemann

BlakeWissemann

2730 target hit and I expect a revisit. Overall: Currently ascending channel pattern: mid term bearish until it breaks the lower or upper supports. Which it has, but we are looking for confirmation of the invalidated channel. Also a nice chunk of volume on the last bullish move which shows big market interest. RSI showing reversal divergence on the daily but a...

BlakeWissemann

Picture perfect reversal pattern on low time frame. - RSI Reversal divergence - Double bottom - and as per previous post - right shoulder of INVHNS Target 43.7k - 44k + Await target and reevaluatej

BlakeWissemann

Still not confidently bullish Bullish: - INV HNS (inverted Head and shoulders) pattern Right shoulder developing 40k-44k - RSI shows sloppy reversal divergence - Major MA resistance at 48-52k, still room to move up. Bearish - Sloppy RSI reversal divergence - Fear and Greed Index back at 50 and climbing fast - bull target hit 43k, would like some sort of pull...

BlakeWissemann

I recognise a similar pattern from Nov 2018 when the price hit 4K, it flagged out for sometime and everyone waited for the retest that never came. Technically, and I need to say it, this is an inverted head and shoulders with a tiny left shoulder. And if it breaks bullish, it will form another INV HNS at 43k. Although, it’s possible the pattern isn’t finished....

BlakeWissemann

As stated previously, strong reversal divergence on the RSI on the daily and 4hr time frame. (Turquoise line). This divergence has been going on for awhile. Also - some long rejection wicks into the low 40’s - fear and greed index peaked at 10-14, currently at 21 - low volume - potential double bottom if candle bodies can hold 40666. Possible retest. -...

BlakeWissemann

RSI showing a yearning for reversal. Although the lower low on RSI and lower low on price is not divergence, but if you look closely, it’s reasonably close. So I’m braking a rule on this trade. Acting on unclear divergence. The negative consequences could be low 30’s Anyway, RSI divergence much stronger then before. We will find a local bottom in this zone,...

BlakeWissemann

Key: Pink: RSI Reversal Divergence Turquoise: Hidden Bullish Divergence Yellow: Volume Reversal Divergence Green: Reversal Expanding Wedge Blue: Double Top Red: Head and shoulders Purple: Head and shoulders Orange: Flag, expanding wedge? Pattern may not be finished. Bull Orange Falling Expanding Wedge: 56779-59974 and 61271- 65940 And, no pattern to...

BlakeWissemann

Everyone who answers correctly, gets my “follow”… and then some.

BlakeWissemann

all up, not a good buy zone. if anything, right triangle, continuation, target 40-43 and 35-38. see the 1234, that's how many times the green support has been tested. 4th touch brakes, 95% of the time. this pattern has all the components of a successful reversal, meaning a bullish continuation, however, a closer looks shows it has all the symptoms of a...

BlakeWissemann

There is reversal divergence (RSI) on the 4hr, and the daily (green line) However… There is also hidden bearish divergence as well. And this is looking like a 90* triangle… so far Normally reversal trumps hidden but the reversal divergence here is weak. So… Even though this area is a reasonable buy zone considering 68 high, it’s also risky. The only reason...

BlakeWissemann

…the edge is 49-53. The knife is the ascending channel This was my previous buy target. Now not so sure. Plenty of bullish and bearish arguments here. Bullish: Mass adoption is here!! RSI reversal div on 4hr is usually all I need. falling wedge Bearish: Ascending expanding wedge Ugly HNS pattern 30MA crossed 50MA on daily and weekly!! Bear target still not...

BlakeWissemann

RSI reversal divergence Volume increasing substantially Use case increase: demand Comparatively cheap to ATH Inverted Head and Shoulders (early call) 1338-1388 completes right shoulder If 1338… then 1734. However, beware false right triangle breakout Hidden bearish divergence But bullish signals outweigh bearish

BlakeWissemann

Frustrating pattern to chart because it’s a pennant , a flag, and potentially right triangle. Although bullish patterns, they aren’t clear, which means gold could flag out for awhile longer. But it could also break immediately because by definition, a flag/ pennant /triangle require 4 touches, 2 top and bottom, and all these patterns are at the earliest breaking...

BlakeWissemann

So, since I started learning to read the RSI and volume indicators, and applied my training to my trading strategy, I’ve discovered I make very intuitive trades. But I just follow the rules, and money gets made. However, I noticed a pattern back in 2017, and I never fully addressed it. And I am the biggest hypocrite and here’s why: You can see the exponential...

BlakeWissemann

I’m sensing a reasonable pullback. Several reasons. Fear and Greed index Ascending Bearish Expanding Wedge RSI reversal divergence (daily) and… Divergence is taking place inside the grey box on the weekly!!! Huge alarm YouTube is full of optimism Shooting star weekly candle Volume decreasing Possible for a top of 73 before the big pullback. Also possible is a...

BlakeWissemann

I’ve been waiting for this moment. 4hr chart stating to show bullish reversal divergence. Although, honestly I’m not confident with the 40k bounce. Why… - right angle triangle pattern (continuation- bearish ) - 6 touches on 40k. Some might think that’s bullish , but the more touches a figure gets, that shows me weakness. So I’m saying 40k might be weak....

BlakeWissemann

Short term Bearish sentiment: - RSI reversal divergence (and on the daily) - Fell out of ascending wedge (blue line) - Still inside ascending wedge (red line) - but both are bearish patterns - bull target zone reached (but I thought we might hit 49) - current top pattern looks like a double top with strong rejection on the second attempt - looking for a...

BlakeWissemann

As described in previous predictions, this is a reversal pattern. Inverted Head and Shoulders (INV HNS). With RSI divergence on the daily... there’s the rally, I spoke about. 40k is likely to reject and there is a potential of revisit to 30k, but more likely 33-36k... hopefully. But from a technical perspective, the pattern is complete. So it could be a very...