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BTC - next BULL RUN

First of all: Where are we?

For having a better idea about the scale and location of my analysis I added this snapshot of the BTC chart in the daily timeframe:

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About the core of my idea:
My analysis is based on the 5h timeframe, in which i spotted the potential BUY chance.

So I spotted this interesting downtrend channel.

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We saw a strong 6% bullish move today, so I wouldn't enter right now. Patience is key. So what I am waiting for is something like this:

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I am waiting for the price to, once again, touch the lower line of the channel, and then find enough support to take off (maybe for the last time in a while).

How far is the current bullish move probably going?
As I said before, I am expecting it to come back down, and then take off bigger. We might see price bounce off the red bar I marked right here, and then seek support at the lower side of my channel in order to finally break the red zone.

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In case all this happens, what is the trade going to look like? What I am expecting from this trade?
The most likely scenario is that we make an approach to the green line, which I named "bouncer".

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From there we might actually retrace as low as the 50%, or even 100% level on the downside, just like this:

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Of course, it is possible that we even make new all-time-highs and chase the upside 50% and 100%, or even 125% extension target, which I identified with my system. Then, we might see numbers like 69.000, or 85.000 in the future.

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------- of course, all that is just speculations. I am very open minded for both ideas, a hard correction, or another bull-run.
What I will focuse on is catching the next bullish wave - regardless of how far it will reach towards the sky - or the moon - or mars.
My trade will approximately look like this:

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Depending on where or when we touch that lower line of the channel, I am eyeballing an approximate initial RRR of 10 to 1, using approx. 2% risk (unleveraged). As I will not sell my entire position once we hit the green "bouncer" line, but only a part of it, the RRR will later improve drastically.

ALL THAT IS FAR AWAY IN THE FUTURE AND REQUIRES THE PRICE TO HIT MY LOWER CHANNEL LINE AGAIN. Otherwise - I'm dropping this idea. Never chase a trade and don't be afraid to miss out on the big moves. Be careful out there. Thank you for reading.

PS: Feel free to download this analysis for better understanding or scaling.
Beyond Technical AnalysisBitcoin (Cryptocurrency)bitcoindollarbitcoinusdbitcoinusdollarBTCBTCEURbtceuroBTCUSDBTCUSDTHarmonic Patterns

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