pinned «#Bitcoin finally broke out from its massive descending bull channel together with a falling wedge. It has been continuous work with a lot of challenges, ups and downs. It took 8-9 months to finally breakout from this consolidation 💚 The same way we predicted…»

finally broke out from its massive descending bull channel together with a falling wedge.

It has been continuous work with a lot of challenges, ups and downs. It took 8-9 months to finally breakout from this consolidation 💚

The same way we predicted the previous pumps from 20k range and 30k range following up closely and successfully, we have done it again 🌀

It's been a tough year, I hope Bitcoin, and this new economics cycle will bring some peace and prosperity to the world 🌍

We (I now stand alone, but with all of you) remain Bullish on Bitcoin! Pamp it 🚀🚀🚀

Please think of supporting our continuous work with a share of your profits 💚

Congrats to Trump, Republicans and voters!

Donald Trump is the 47th President of the US.

I hope he can change the economy and the world for a better place!

Bitcoin is retesting the area which is a bullish behaviour although the correction!

- Retest is done and I'm not expecting more downside below 67k.

As stated before - once correction started, 70k down to 68k would be retest and reversal area 🌀

- Very important - The weekly candle got sold till the bottom leaving an awful candle on weekly and potentially bearish - we'll have to wait for the unfolding 💪

This is a Follow-up of these patterns represented in the chart, laying out the most likely outcome for Bitcoin.

Possible longer consolidation on breakout area printing a bullish pennant / flag is a likely scenario for BTC with all screaming bullish!

This might work — Falling Wedge with bullish divergence on RSI 1H chart.

So far this has been normal Bitcoin behavior, it may hold the breakout area and pump.

Inside this small rising channel it can break either way, being on the bottom side now!

If it breaks down, then it should retest 65k — 64800$ or even 63k.

Breaking above will surpass 70k and confirm breakout!

Bounced from the Ichimoku Cloud support and hit the tenichal line printing an IH&S pattern 👌

It's also fighting to get above the channel - breakout area...

Once it flips the blue line which is about 21 MA it should be ready for new highs (HH) liquidating all those poor highs on the left.

This should be a huge movement and momentum of the market upwards! 🚀

Had to adjust the chart as the patterns above breakout weren't efficient.

Price turns to retest the top of the bull flag remaining above MA's, Ichimoku Cloud indicators, OB support.

Liquidity and retest of support as breakout failed or wasn't ready...

It's possible a 65k - 66k retest with the conditions above, where reversal should happen if not in motion already.

67k - 66k seems an area of interest to enter for further upward moves...

- Breakout and retest, or further consolidation on an ascending triangle.

Nothing abnormal here! 💪

Support continues down to 68.5k - 67k retesting the outer trend line of the major bull flag, which is what it just did.

As long as it remains above 67k it should be SAFU.

Get some dip!

Weekends lack in volume but could be volatile, be aware!

4H on the bottom of the pennant with bullish divergence on RSI, if price closes 4H around this area; Otherwise it might ruin the pennant and fall below 67k toward 65.5k - 65k to liquidate those poor lows (HL's) and bring maxpain.

Price turned up which is good, although some small gaps to fill on 15min CME chart.

Holding above 67k is SAFU, going below will invalidate this pennant favoring a falling wedge or bull flag but putting Bitcoin in danger.

Consensus: not bad, while there were only a few calls, there was only one turning red. I have abstained from signaling during downfalls and uncertainty, increasing the success rate but diminishing the number of calls.

May was a tough month with a lot of uncertainty and volatility, with the ongoing bull market and imminent new all time high for BTC and ETH ETF approved, the prospects couldn't be better for the coming months, thus I expect more calls, entries and more profit with a high success rate! 💚

Join our private channel 💯 authentic ❕

May

PROFIT/LOSS from entry to current high.

- April 14th called orders at -15% and -20% for ALTs which occurred until May, being the very bottom at overall -21% at May 1st.
This implied buying the very bottom of ALTs on May 1st 💪

(coming from late April) - Entry 880 +95% 🚀🚀🚀
(coming from late April) - Entry 529$ +19%
(constantly updated and given new entries) 59500$ +21%
(constantly updated and given new entries) 2880$ +30% 💚
2700 +46% 🚀🚀
160$ +17%
1.77$ +20%
2.7$ +27% 💦
0.70$ to target +31% 🎯
0.283$ -10% ❌
0.155$ +12%

11 calls, several entries, bottom entries, constant updates of the market and a lot of PROFIT 😉

Cumulative profit (PROFIT - LOSS) of +308% 🌀

Always been a more accurate chart.

Expecting a reversal at the bottom of the bull flag, printing thus a double bottom on this bull flag. If it fails, 58k - 56k and open path to 50's...

- Bull flag is complete.

Price should breakout from both bull flag and Ichimoku Cloud soon, heading for a new ATH 🚀

SAFU 👌

Top of Ichimoku Cloud is at 59500$ and price could retest printing so a double bottom which would be fine and normal behaviour of a bullish consolidation before breakout.

Bull flag and/or falling wedge is complete and must break up soon, otherwise price should retest 58k - 56k area which could trigger more downside!

Current OB on CME Futures chart is daily support and price have closed above it on Friday. Opening by Sunday night below (as it is currently) would leave a gap strengthening the upside reversal view.

Overview on Ichimoku Cloud

- Price is likely to reverse here or at the bottom of bull flag 🌀

One more sneeze and Bitcoin should see 65k - 63k as analyzed previously.

To invalidate Bitcoin has to pump right now...

Volatility ahead, be prepared 💪