The price of Bitcoin has shown quite consistent growth, slow but still consistent. The price has managed to close above 45k and that was an important level to capture because 45k has played as a strong horizontal level.
So, a new mid-term higher high has been printed, and let's search some possible entry areas from where we can use that current advantage for bullish moves.
The first area is already in place at the moment. As said previously, 45k has been a strong price zone and after the breakout, it can be a classical break&retest situation. There is also a tiny inside bar candlestick pattern, some EMA's - So, you can start building your positions from the current price but save some ammo for later also.
Save some ammo because we might see a bit deeper retest to the 40k zone.
Waited for that move for almost two months, so let's see was it worth waiting for it! :)
That's cool To see my opinion by Elliot wave, please see my profile
vinibr
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i agree with your idea make more sense
TournesolPremium
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Let's see what is going to happen next. I agree with your point of view
soupthere19
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50 k for sure
Stargazer_fx
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thanks for sharing,
nigel62e
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@Stargazer_fx, a friend ..in his 30s Dutch . .educated . .said to me the other .." well, I don't know ANYONE my age who hasn't got a few Crypto ." . .. IMAGINE when the masses+WallSt REALLY load-up . .you won't get on an Exchange to trade for days . .
nigel62e
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@nigel62e, I met a Spainish guy (30s) just before ETH dropped to 80$, " Oh...Crypo . .yes, I buy as many ETH as I can afford . .most of my spare profits ( successful IT Nomad) goes into ETH . ." . . can you imagine what hes worth now !!!! . .I ignored all this - BECAUSE I listened to the Tradingview Negatives!!! . .