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
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
