Ian_Carsen

Dot is in an uptrend, the idea would be to catch the next move up. The higher RR is likely to miss the entry--and if entry is filled not reach the indicated target but something more local. The lower RR entry (higher price) is not as rewarding however. Of course you may use local breakout etc entry techniques.

If WLD keeps coming down and eventually hits the entry, this could be an OK trade. A bit risky since long-term target already hit on top. If there's a move up before entry is hit, cancel the trade.

We're likely in a larger consolidation phase on Bitcoin. I'd expect something like the indicated moves. Looks as if the current support may hold. Regardless, there's a fairly strong one below that would be great for a long trade.

There is a consolidation indicated. This trade, if filled before breaking out of consolidation could be very good. Price could also go lower. A higher risk much higher reward type of trade. Target would have to be determined later.

ATH (All Time High) should be taken out soon. My primary trading methods require a bit more time and information before identifying additional supports.I would however be on the look out for a retracement soon after ATH--especially if ATH is not explosive. The way this price action seems to work is: take out a major extreme, and the associated stops--grab the liquidity to take profits--then reverse!

It appears most likely that BTC will make a larger 3-wave structure to the downside before another move higher--although this is of course not guaranteed. Based on the performance of the short to-date, I would not expect a large move down in price. BTC is very strong at the moment. Caution is warranted on the short side.

BTC is 'gathering strength' it seems to move towards the strong resistance. Looks like we are currently on wave 4/5 of an Elliott impulse (this being wave 1 of wave 5 of cycle degree).Currently expecting the moves indicated. That's a pretty complicated and comprehensive forecast, let's see how I do!

Assuming that one more impulse to the upside occurs from this corrective phase, this would be an excellent entry with great risk:reward and reasonable target!

Entry is a good risk:reward balance. Possible price hits target before fill, in that case, cancel the order!

In the case of a fill, this is a very volatile coin, could have a nice trade!