Easy BSV/BTC Long

05/08/2020

Symbol: BSV/BTC
Exchange: Bitfinex
Position: LONG
Audience: everyone

Action
BUY: .018 - .021
Stop loss - A daily close below .018
Risk - Depends on entry average
Target: .024, .027, .029

At the halvening, we normally see a quick dip on BTC for a few days. Right now, that probably means miners switching to BSV and BCH for profitability, at least for a time. With the typical alt/BTC pairs around support and the BTC dominance overbought, this should be an easy trade with fundamentals on our side.

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