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BSV

$BSV Correction - It's Usually the 70.5% - Institutional TradingI normally wouldn't try to make a call on something like BSVUSD. But when the bearish order block just happens to align perfectly with the 70.5% retracement level, I have to say something about it. So don't get too excited, don't get the FOMO. Wait patiently for the correction to hit between 217 and 207 and that's when I would likely be entering the market. If it's institutional Money in the room they always give themselves a second chance at entering the market at a discounted price. and 70.5 is almost always the "go-to" discount. It also made near equal highs to the previous spike/swing high in 2020 of 325. (Chart here) Meaning when it reaches that point again there will be a lot of market liquidity, people shorting it or buy stops trying to run through it. It will run through it but only slightly to take out the shorters. Then a pull back just enough to take those that were putting in buy stops, expecting the bounce at the high, and it will go lower to take those retail traders out. Until we eventually hit another bullish order block and see the bull market continue. It will be funky, so be careful and know when to enter. Be dillligent as this evolves. Hopefully, this brings some insight into this price action. Be diligent and pay attention. Especially if you have an exchange that doesn't allow limit orders like Coinbase. Good Luck and Good Trading
BLong
by BodiesXWix
💡Don't miss the great buy opportunity in BSVUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (189.9400). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BitcoinSV/TetherUS is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 79. Take Profits: TP1= @ 258.9887 TP2= @ 293.8600 TP3= @ 323.9673 TP4= @ 379.5270 TP5= @ 448.7257 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLong
by ForecastCity
7
BSVUSDT Trading Sideways but Slightly Bearish, Chart MappedI was asked to look at BSVUSDT, here is the chart. This pair has been range-trading for a while, it is going sideways. The yellow space keeps things sideways. Above the first dashed magenta line, the bulls gain full control and additional bullish action is possible. Below the first blue dashed low, the bears have the upper hand. Right now prices are trading below all EMAs, including EMA10 and we also have a bearish candle yesterday, signaling that the bears are trying to jump in. For the outlook to change from bearish to bullish, we would need to see BSVUSDT move above all the moving average lines, that would be the first strong signal... As long as prices remain below these (EMA10, EMA21, EMA50, MA200, etc.), we look for lower prices. This is not financial advice. Thanks a lot for reading. Namaste.
by AlanSantana
5