Bitcoin is ready to reach a new all time high! (Buy now)

May 16

Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line.

From the Elliott Wave perspective, the WXYXZ corrective pattern is now confirmed, so this is also a very bullish sign for the next weeks and months! On the 1h chart I can spot a strong buying activity from whales, so this also adds to my bullish bias. When new all time-high? And what is the ultimate target for this bull run in 2024/2025? I will reveal my strong technical analysis in the next post, so make sure you follow my account!

Right now it's strongly recommended to trade with the bullish trend, that means only long strategies and do not short Bitcoin on the futures market. This will increase the probability of success for your trades. I am bullish as all bearish scenarios were invalidated.

May 16

Trade active

May 17

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The of Bitcoin is very bullish. We are inside this parallel channel on the 1h chart:

May 17

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Bitcoin is pumping again, everything is bullish. Keep holding your position!

May 18

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May 18

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Historically, Bitcoin always went up after the halving. Fundamentals are strong, no need to worry about major crashes!