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a1Keith

BTCUSD long

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Trend Lines
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trendanalysis trendline
BTC has just broken out of its downtrend. But the path upwards is sometimes not a straight one. It may work its way along the upper descending parallel. So at this point it is difficult to get an entry with a small stop. I have drawn a Schiff Fork which may show new upwards slope.
I will reassess in eight or nine hours.
Komen:
snapshot
For comparison ETHBTC . It is in a very strong uptrend. It may get support on the upper parallel of the pitchfork.
It may bounce off the blue area. This would provide a long entry point (long ETHBTC). I would reevaluate BTCUSD at that time because If BTC is going up and ETH is rising at a faster rate then it is better to be in ETH
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