hardforky

BTC - Long at $43k

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Not great support but I've taken some long trades at $43k. Although we are on the edge of BTC support with a drop to $37k downward momentum slowing.

Long because:
- Bull Flag - divergence
- ALTS into their new year support
- This looks like a retest of the last ATH - Although this supports further downside but this would mean a break of the flag - this would be a bad sign - thus good entry area in my eyes as stops can be tight. Best probability entry i believe would be break up out of Bull flag and retest for resumption.


Will review if BTC can't break $47k (flag) and $50k resistance.

Best, Hard Forky

Comments

Nice work!
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Good job !
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