Technical analysis

    Bitcoin – Next week will be extremely bullish!

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    Bitcoin on the 1h chart
    • It looks like next week will be extremely bullish for Bitcon and also for the altcoins!
    • Price is currently moving in the ascending parallel channel , so the bulls have strong momentum.
    • As per my Elliott Wave analysis, the first impulse wave has been completed, and I expect another 2 impulse waves to the upside.
    • 23 000 USD next week is definitely possible!
    • There are no gaps that need to be filled on this chart, which looks safe.
    • The chart is printing a bullish flag , so wait for a breakout for confirmation!
    • I wish you massive profits!
    • https://www.tradingview.com/chart/BTCUSDT/H0PFEQH1-Bitcoin-Next-week-will-be-extremely-bullish/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.