Randall_Smith

10 year Rising Wedge Long term, 3-4k is the traditional target for this pattern. Short term, if bounce then look for 20.7 to flip, if declination, a close below 17k would be confirmation.Comment: Notice the retest at 29k, if BTC cant reclaim, I'd look for a break down. Flip 29k for invalidation.Comment: Look at how price is interacting with the trendline. If it cant reclaim then down it goes.

BTC: Expanded Flat The weekly matches up with an expanded flat (middle of diagram), if true forecast has BTC bouncing back.Comment: So far so goodComment: If we see a pullback here, the monthly has 23k being an important level to watch. This forecast is correct so far.

I wouldn't short here, nothing like the previous channel.

This accompany has just opened a contract with US and EU markets for 800k dose for Monkey POX in the US. Inverse printing. When Moderna received a contract for COIVD is 4x'd. I cant see why this wouldn't at least pump another 40% to the 1.618

For a more conservative less riskier entry, if you're a seeing is bullieving kind of swing trader\investor, you could always wait for the 1st monthly close above the 8ema after the capitulation candle. Historically, that has been the right time to enter.

Reclaim 31800 to go up, I think BTC has a date with the 200 ema however. Could possibly wick to 19.8 which is the double top target.

Pattern trading with the knowledge of how to set targets and an understanding of busted patterns and their respective probabilities can lend accurate data with which to build stratagems for long term investing. I believe targets are eventually met and often lead into other patterns that create new targets along the way. A long term trader\investor must be patient with the market and wait for conditions to be met. Set your targets as you journey along with PA. Here we see a series of LTF events carving out a cup on the HTF along the way. The handle itself, after a pullback, triggered the 1st EW impulse wave which led to a wave 5 peak of 64k . For a complete guide into pattern trading, busted patterns, EW analysis and candlestick patterns check out www.thepatternsite.com. The site has a wealth of information for trading. I recommend knowing and understand Reversal, Continuation and Bilateral patterns and how to use them to set targets. Also know the odds of single, double, and triple busted patterns with each type of triangle and EW principles. Thank you for taking time out of your day to read this, I wish you well on your trading journey. If you have any questions please feel to ask, I'll do my best to answer them ASAP .

A few ways you could trade this. Because price had closed on the other side of the triangle from where it had broke out, it is now a busted pattern. A single bust has the highest probability (67%), you could go short with SL above dotted horizontal or wait for price to close further than 10% away to confirm direction (down). If stopped out and green pathway becomes null, next highest probability is the blue path, short once price closes on other side of triangle once again. If the least probable plays out and red path is followed then enter when price closes outside of 10% area for confirmation to go long. You could also be conservative about your entry (least aggressive) simply waiting for price to close outside the 10% area before taking an entry in whichever direction the cool breeze sends it. NFA DOYR

Keep has been showing strength since Jan it has been moving against the market. I'd look for a possible EW impulse. Need to see a successful bounce at .618 to trigger an entry for wave 5. Take some profit at 1.2 pips trail SL and hope for an extra bump to 1.35. Fall below .618 to invalidate.

First close below 1.06 and I'd short it to .74. If BTC and the rest of the market hits bottom, I'd look for a bounce from .74 to 1.05, if a break occurs over 1.05 I'd go long at confirmation.