BSV/BTC Leveling Up 10%+
Updated
BSV is showing signs of another strong vertical move upwards, continuing its "steps-up."
We just saw a falling wedge pattern retrace to the Golden Pocket, which is generally a bullish indicator.
There are indications that we are replaying a previous fractal, which was our last big move up. If this is the case, in the next few hours, we could see a big move upwards.
I'm preparing for a bullish scenario to play out and have a long in, but I've set my stop-loss tight to keep my current profits in tact.
Shitcoins are very tricky, and totally reliant on Bitcoin. When Bitcoin trades sideways, the shitcoins rise. But when Bitcoin makes a strong move in either direction, it usually kills the shitcoins.
Where this is great reward, there is great risk.
We just saw a falling wedge pattern retrace to the Golden Pocket, which is generally a bullish indicator.
There are indications that we are replaying a previous fractal, which was our last big move up. If this is the case, in the next few hours, we could see a big move upwards.
I'm preparing for a bullish scenario to play out and have a long in, but I've set my stop-loss tight to keep my current profits in tact.
Shitcoins are very tricky, and totally reliant on Bitcoin. When Bitcoin trades sideways, the shitcoins rise. But when Bitcoin makes a strong move in either direction, it usually kills the shitcoins.
Where this is great reward, there is great risk.
Trade active
Bitcoin's rise has delayed BSV taking off but it's coiling right now so I expect a bullish move in the next few hours.Enjoy the trade!
Trade active
I'm still in this trade -- the power of Bitcoin's move upwards has drastically dropped the price in just a manner of minutes, but you can see the strength of the bulls in this market driving the price upwards.In the next 48 hours, we can expect another large move upwards, similar to what we've seen in the past from BSV.
Overall, this is a dangerous coin to hold long term, so after this trade, I will look elsewhere to larger cap coins like ETH/BTC and XRP/BTC.
Trade active
Timeline has taken longer, but that's always the hardest to predict.This puppy is bottled up and ready to go.
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