Vladislav.bc

BTC/USD Long Entry

Long
Vladislav.bc Updated   
BITFINEX:BTCUSD   Bitcoin
After the previous fork there was a healthy bull run fueled in part due to BCH sell off.

I believe we can expect a similar scenario here.

For confirmation wait for a pullback after breakout.
Comment:
This is a good example of why we should wait for a confirmation.

For now we are in a correction mode. Next support is around $5000 level. I will release an update for possible entry levels soon.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.