In front of the three-day Memorial Day Weekend Bitcoin is surging, now knocking on the door of a major breakout to new all time highs. At the same time, everyone is eyeing a double, albeit triple top formation. There enough fodder of bulls and bears alike, but our not so secret weapon, pattern recognition, is saying get ready to step up on a clean break above the horizontal trend channel shown on the chart below. Meanwhile, for the first time since early April, QQQ has broken an uptrend channel. Sometimes a false alarm, sometimes an early warning. Follow-through, or not, by Friday's close. Bitcoin The clean move up above $105K is now in the rear view mirror and we are long the IBIT Jun 20th $60C: With a Best Return percentage win of +98%, let's initiate a 50% Trailing Stop to protect gains. Depending on individual entry your gain could be anywhere from +100% to +80%. Until price breaks above $110K decisively, a BTC double top is possible. If so, this stop should be triggered well before much price damage is done. BTC The pattern being traced out by Bitcoin (above) and MARA (below) should look familiar to all subscribers who remember PLTR and TSLA from 2024. The blue up arrows correspond to price pattern triggers, i.e., Wave 5 Buy Signals* and collectively are suggesting that Bitcoin could be on the verge of a massive breakout. Consider the next Buy "Pending" - a clean break above $110K sets the price target this summer at $160K. Note: First attempt to breakthrough $110K failed @ today's high: $109,854. IBIT Looking for a dynamic move next, mirroring the move in BTC. MARA QQQ - Keeping a close eye on this one before the weekend For the first time since the early April lows, QQQ has broken the uptrend channel that has carried the market up into late May. Today's QQQ low was 513.38 and a close lower would set up a nasty looking chart going into the holiday weekend. TQQQ Puts (Jun) A QQQ close below today's low, 513.38, would suggest initiating a position in the TQQQ Jun 20th $65P. TQQQ TQQQ cut in half? Possible, but hardly probable...right? ----- *Wave 5 Buy Signal - Online Tutorial The Wave 5 Trading Signal is a pattern-based trading system rooted in Elliott Wave theory, specifically focusing on the fifth wave of price movements, which often signals the final push in a trend before a reversal or consolidation. Below are the key benefits of mastering the Wave 5 Trading Signal, based on the context provided and general knowledge of the system: Simplicity and Ease of Mastery: The Wave 5 system is built around recognizing one straightforward price pattern, making it accessible for traders of all experience levels. Unlike complex strategies requiring multiple indicators, this method is intuitive and can be learned quickly through structured guidance (e.g., the three-part course: Core Concept, Options, and Trade Management). Versatility Across Markets: The system has been applied successfully for 30 years across diverse markets, including stocks, indices, ETFs, and cryptocurrencies like Bitcoin. This adaptability allows traders to use the Wave 5 signal in bullish, bearish, or sideways markets, enhancing its utility regardless of market conditions. High Profit Potential: The Wave 5 pattern identifies high-probability setups where price movements often reach their peak momentum, enabling traders to capture significant gains. Proven Track Record: Backed by three decades of real-money application, the system has been tested in real-time across various market cycles. This longevity provides confidence in its reliability and effectiveness compared to unproven or theoretical strategies. Effective Risk Management: The course’s focus on trade management (Part III) equips traders with tools to minimize losses and protect profits. By understanding when to enter and exit trades based on the Wave 5 pattern, traders can reduce risk while maximizing upside. Options Amplification: Part II of the course emphasizes options trading, which can amplify returns when applied to the Wave 5 signal. Options allow traders to leverage the pattern’s predictive power with lower capital outlay, potentially increasing profitability. Transformative for Trading Discipline: The system’s structured approach fosters discipline by providing clear entry and exit signals. This reduces emotional decision-making, helping traders stick to a plan and avoid common pitfalls like overtrading or chasing losses. Broad Applicability for Beginners and Experts: Whether you’re new to trading or a seasoned investor, the Wave 5 system’s simplicity and depth make it valuable. Beginners benefit from its clear rules, while experienced traders can refine their strategies with advanced applications like options and multi-market trading. In summary, the Wave 5 Trading Signal offers a powerful, time-tested, and versatile system that simplifies trading, enhances profitability, and equips traders with the skills to succeed across diverse markets—all while maintaining a focus on disciplined risk management. The online Tutorial has a flat one-time fee of $495. Email Allan for enrollment details: apharris@mac.com
