Price target when measuring head to neckline, neckline to target, 1300-1100. Maybe by May-June, expect bounces at key levels marked by dashed lines during markdown. Would need to flip 3200-3400 resistance to flip bias.
(Ignore the wick that extends to .02 its a reporting issue with Trading View) Nice squeeze, need to flip 5.5 for further upside (deviation) in which case I'll target 8-8.2 otherwise test 3.2 (Feb. 2021 lows)
Looking for a zigzag, corrective wave (v) could turn around now or it could hit my target of 12k. Cant rule that out. Curious to see if this plays out. Just another chart for my journal as I try my hand at EW. NFA
Cant help but be bullish on BTC long term. If the lows are swept and reversed there, perhaps BTC is in a bullish consolidation rectangle pattern. If so, then look for a break to the 1.272 and a bullish confirmation at 65.
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
A daily close above 22.5 could put up a morning star candlestick pattern. An underside test of 28.4 would be likely at that point. Double bust triple bottoms are more likely than triple bust triple bottoms. Need to hold 22.5 and up though.
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.
Looking at the short term trend using the 8 ema , every time there was a monthly close below it, a dip followed. If history repeats itself and this isn't a generational top, then perhaps a flash to 20 and a few months to get back above the ema . Higher peaks were followed by longer corrections. We could see a brief few months below the 8 ema . Maybe even see...
Fibs in green, ascending channel (bear flag), target is 9.42, next would be 7. Channel was copy and pasted below as is the traditional measure for an ascending channel. There is confluence at the EQ and 9.42, as well as with bottom of channel and 7. (Note to self) Continuation patterns happen more often than reversals.
Current Trade Idea: Flip 42 to invalidate for the "we go higher" bias. Lose 37.3 for the "we go lower" bias.
Short Term: (LTF) Inverted tilt pennant or wedge? Lose 37.3 and see 35-33 (tilt pennant), flip 38.7 and see 42 tested (d.wedge)
Mid Term: Bear Flag, copied channel as is the rule, 23k peak low possible, reclaim 28 if BTC bounces...