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BSV

Breakout Brewing for Bitcoin SV!BITFINEX:BSVUSD As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC. This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these. Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov 2018 - May 2019, the second June 2019 - Dec 2019 and the third Feb 2020- Oct 2020. After every downtrend in BSV , a breakout of + 350% followed, in both cases with a duration of 60 days and marking a maximum in historical volatility (HV) as seen in the graph. Currently we are in exactly the same conditions as in the base of the previous explosions, both in chart patterns and in volatility and trend indices, the cyclical trend of the currency being quite self explanatory. I would not recommend entering long right away from the bottom of the channel, but long from the break of downward strtucture plotted as a blue descending line. The reason is to minimize risk in order to use leverage or greater position size, instead of hoping for the best by seting a -20% SL. It just makes more sense. Movements of this magnitude could be catalyzed by the movements of other coins such as Litecoin and Etherum, which in the past have already shown to have a greater correlation with this pair than the giant Bitcoin ( BTC ). Trade at your own risk. This is not financial advice.
BLong
by UnknownUnicorn3102162
3
✳️BitcoinSV/USDT (26/10) #BSV $BSV #BSVUSDTBSV has being gone sideways for almost 2 months and the 140-180$ range has been consolidating. Today BSV had a break out of this zone but was quickly denied back below 180$, however the selling pressure is quite weak so we can believe that BSV will continue to rise in the next few days. The heading target is the 220$ zone. This zone is quite special since it is easy to form a right shoulder of a Head & Shoulders pattern and fall back to 140$ so I think we will sell out BSV in this zone. Currently, we should buy as close to 165-170$ as possible and can buy more in the 140-150$ zone if a bad situation arises. Stoploss if BSV falls out of the 140$ zone. Note: the 190$ zone can be a hurdle that BSV will be quite difficult to overcome for the time being.
Long
by CryptoStation
1
BSV/USD LONG on a longterm trendThis trend has been strong since the beginning of BSV's liberation from BCH. Keep an eye on the bottom of the trend. Called this as a signal on 8/28 at Crypto Traders Pro 8/28/2020 Symbol: BSV/USD :BSV: Exchange: Bitfinex or wherever trades the pair Position: LONG Audience: @everyone ACTION Buy Between: $160-$180 Stop Loss: Daily Close Under $150 Target 1: $225 Target 2: $250 Target 3: $600.00 Risk: 5-6% Reward Opp: 30-275% NOTE: We have been tracking this trade for weeks, and it's playing into my buy zone now.
BLong
by kurtwuckertjr
7
BSV fundamental analysis, this coin has no futurecraigwright.net Craig Wright’s blog post tells everything essential. "Bitcoin is not designed to stop government from freezing bitcoin, and it is not ‘censorship-resistant’. Bitcoin is public. What Bitcoin does is work within the rule of law. Any court action or government and law-enforcement move to freeze and seize bitcoin will be public. When such actions are performed against criminals, few people will see them as a problem. If a totalitarian, controlling government decides to do so, a record is left immutably—for all time and for all people in the world to see. It is thus how Bitcoin counters bad actors. It allows change, but change through sunshine. Bitcoin does not stop people from freezing transactions, it stops them from using illicit money at scale. The thing with strong encryption is that even governments cannot decrypt a file without the key. Bitcoin is not encrypted. Transactions sent on the Bitcoin network are propagated and recorded as clear text. As they are clear text, all UTXOs can be seen, monitored, traced, and acted upon. As the source of all transactions, the input transaction, remains clear text and is easily viewed, it is simple to apply existing rules of following and tracing money and enact court orders for freezing and later seizing bitcoin." In his idea, funds can be frozen and confiscated from people. If there is a possibility to freeze funds, it is not immutable ledger anymore! First he says bitcoin is immutable ledger, then he says funds can be frozen. So absurd. So, actually BSV is not immutable ledger, it is not censorship-resistant. From fundamental perspective, BSV will never be "plumping" of global payment network. Plumping of payment network cannot influence in how much and to whom funds will be sent, plumping of payment network must be only plumping!
BShort
by kullervo88
8