BsvUsd - ARCing support. The arc drawn on the chart shows how bulls are losing momentum. I’ve seen this many times as many of you also have. In the beginning of the arc, BSV has moved up. Now at the top of the arc it seems to slow down, the angle of the trend keeps getting smaller(losing momentum), which could lead to a price drop. I like BSV, heavily invested long term. Let’s see if we can get more BSV at lower prices. BTW the 2 squiggly line are my probable options, options change and are always updated. Trade well everyone. ))
BSV
Major altcoins consolidated index updateHi guys,
Price keeps trading near the previously stable uptrend trendline that was breached on April 20. As you can see from the chart, there were 6 consecutive attempts on that line in the last week, but the consolidated price index could not return above it.
Still, it is slowly moving North towards our target of $735, which is also where the next major Fibonacci retracement from the downtrend is situated. Let's see if a second visit to that resistance will result in a rebound and a continuation of the downtrend or will be the trigger of the reversal to the upside.
On the 1-h chart we are in a downtrend corridor since April 26, but what we see today is a potential breakout, which is still in the making, so let's see how this evolvs.
Cheers,
The most breakouts at btc at time 02:30 -3:00 China time in HIS.The most huge breakouts done at time : 02:30 - 03:00 China time at history btc.
# Small update.
BSVUSD - Important Weekly chart))Yesterday, I posted a DAILY analysis. Today, looking at the WEEKLY chart BSV bulls are weak right now. Prolly many people placing puts and limit orders all over the place. I think it is going to go down about 30-50$ . A big possibility that the new weekly candle will be a bearish one . Please do not close your trades . Look to manage your position. I personally removed 25% of my trade from. In case it goes lower I can place that 25% back in. If it goes higher well I still have 75% left. I won’t stress of missing out. Then when the price returned in can get back in. Reducing my risk exposure. I think having a trade and money management system allows me to trade with less stress, and base my decisions on probability.
BSV looking oklooking ok. we need t push through 400 and bash through 500. growth arch is acting as resistance and support.
a retest of 155 on a drop before halving of BTC might happen before we see upward momentum
BSV @ current Price and Time. These next couple of days will be very important. Maybe in 24-72 hours some move will happen to spark another move into that direction. It’ll breakout towards one side and possibly continue for +-30$. Be ready no matter what side you’re on. The High volume is overdue, it’s been too quiet. Let’s see who wins. I believe it will go down. But I may be wrong. Just an opinion to be honest.
its only about TIME - BTC breakout on way - The increase weekendIts only about time, btc about to breakout to new level.
depens on the data we are 100% bull.
---> expecting soon 8.3K
QAnon Talks about BSVIf you know who this is, think about the global significance of BSV.
For those who do not know what's going on:
PATRIOTS IN CONTROL: Q, The Fed, Money, & The Plan To Save The World
www.youtube.com
Breakout coming Soon for BSVThe question is it up or down?
Im leaning more towards a higher price but watch out if we lose $178.
LONG - BSV - Trading OpportunityFTX:BSVPERP has yet to make a move, even with BTC's pump along with all the other perpetual contracts along with it. This MA50 seems like the perfect opportunity to get in before the ride.
Entry: 193.52
Target 1: 210
Target 2: 220
SL: 184.59
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Major Altcoins Index updateHi guys,
As commented on Tuesday the Major Altcoins index found support where the 26-day and the 50-day EMAs met around $630.
Yesterday, the consolidated price added 6 percent and moved up to $670, just a step away from returning back into the uptrend channel. It looks like though it now acts as a diagonal resistance in combination with the 200-day EMA, which forced back down the price today to around $660 as of the time of writing.
What we saw in the last three days is the formation of a morning star pattern on the daily chart which is quite bullish if real one.
On 1h-chart we are in a downtrend channel since April 8, but if broken up will allow us to reach the above-mentioned targets easily. I also think there might be signs of bullish divergence there...
Targets remain the same: break above 200-day EMA and return back to the uptrend corridor then the major resistance at $735, which unfortunately coincides with the 38.20 Fibbonaci downtrend retracement level.
Down we see $610 as next stop with the short-term EMAs in bear's way.
Cheers,
BSV is at an important level. 180$Bsv previous major drop was from this same price point back a month ago. Dropping all the way down to 79$ area. After that massive sell off it did go up to 158 then 180$ then all the way up to 227$ then back down to 190-180$ area. It’s hovering lower than it should and the previous high was lower than the 227$ a few weeks ago. It’s either week and looking to go to 150-100$ or it’s getting ready to go above 200$. I’ve already purchased 25% of my new funds @182$ If it goes higher I’ll wait for a dip to go in 25% more. If it goes lower I’m going in with 25% more. In the mean time I’m also looking at oil.
Major altcoins index struggling with no directionHello guys,
The altcoins market capitalization remains stable around $70 billion for the last seven days, although it fell down 10 percent since the Sunday peak of $77 billion. The biggest gainers for the period were ETH and XTZ.
The altcoins index, which follows the movement of all leading cryptocurrencies in Top 10 (excluding USDT and BTC) is still struggling to find its direction.
Last Monday it moved below the uptrend corridor and hit the $610 support, without actually breaking it. It made some progress during the weekend of April 18-19 but hit a wall at the 200-day EMA, which resulted in a significant correction down to $630 as of the time of writing.
The current level is where both the 26 and 50 day EMAs meet, so we can expect it to be a stable one.
The target for bulls remains the same - break above 200-day EMA and return back to the uptrend corridor then the major resistance at $735, which unfortunately coincides with the 38.20 Fibbonaci downtrend retracement level.
On the 1-h chart, we are in a sideways consolidation since yesterday.
Cheers,
BSV - The Flippening - Strong Buy - Part 5BITFINEX:BSVUSD : Strong Buy
Analysis Method: Fibonacci & Wave Theory
Immideiate Target: $380-$470 (Hit)
Near-Term (30-60 days): $1,400
Please see previous BITFINEX:BSVUSD analyses for further information
Long story short, COINBASE:BTCUSD was compromised by two competing factions of crypto engineers.
The factions working on the protocol BITSTAMP:BTCUSD couldn't come to an agreement on how to scale COINBASE:BTCUSD .
The disagreement led to COINBASE:BTCUSD being forked resulting in COINBASE:BCHUSD .
But, the factions continued to disagree which resulted in COINBASE:BCHUSD being forked. The fork created POLONIEX:BCHABCUSDT and BITFINEX:BSVUSD .
The disagreements put the 'Nakamoto Consensus' to the ultimate test.
Nakamoto consensus is a name for Bitcoin’s decentralized, pseudonymous consensus protocol. It is considered as Bitcoin’s core innovation and its key to success. The consensus protocol doesn’t require any trusted parties or pre-assumed identities among the participants.
Consensus can be reached by selecting the “longest” chain of valid blocks. In the Bitcoin whitepaper, and some other documentation, it is indicated that the honest chain grows the longest, assuming that 51% or less of the miners are malicious. Therefore, the longest chain can be considered to be the chain with the most invested Proof-of-Work:
In short, Miners use their hash to vote on the Blockchain.
Miners supporting POLONIEX:BCHABCUSDC will move their hash to mine its Blockchain.
Miners supporting BITFINEX:BSVUSD will move their hash to mine its Blockchain.
Before the Fork, BITFINEX:BSVUSD camp had over 70% of Miners hash. (Important)
Last week, Bitcoin Cash (BCH) personalities proposed a 12.5% tax on mining rewards that would ostensibly go to funding network development.
Cointelegraph reported last week on the proposed tax published by Btc .top CEO Jiang Zhuoer. The “infrastructure funding plan” would have miners send 12.5% of mining rewards to an entity in Hong Kong. The co-signing entities repped 27% of hashrates. Most controversially, the proposal included “orphaning” non-compliant miners — the practice of removing blocks from the chain that resembles a 51 percent attack.
Critics underscored the routing of funds to a CORPORATION instead of a nonprofit and the absenting of a voting procedure, which would mean COMPANY OWNERS would control BCH development. Other complaints included CHINESE government interference and profitability since the tax would affect miner revenues.
BCHABC's fate will be determined by Miners and Economics.
Previous Analysis:
Track Blockchains here: coin.dance
---------
Picking up from previous analysis:
Best Estimate for Parabolic Breakout: April 18th
1 HR Wave Count:
Will update.
Clown Coin (BSV) How can this scam even be allowed to exist? This is just manipulated 100% by futures making money from dumb retail Craig Wright cultists. Market makers are really the only thing keeping this thing alive. The best strategy so far would have been to dollar cost average low leverage shorts, as it's fairly unpredictable when the inevitable dump will happen. However I strongly believe that time is approaching when this joke needs to finally end for good. As relentless as the shills have been, they are running out of things to say that their glorious faketoshi creg sanjay wright will supposedly do in a number of days because he said so in his paid telegram group. Whether Craig himself dumps all his coins or he is as deluded as his followers and CME just simply opens a good old 100x short plus market dump, this could be a good long term or short term short opportunity. Lines up with the BTC halvening which will inevitable draw more attention to bitcoin and away from alts, whether for better or for worse. I think the fib lines on this chart speak for themselves how fake this product is.
BSV to drop by 70%rejected by descending channel resistance, hidden bearish divergences on the daily, meaning a continuation of the downward trend.
I predicted BSV big drop and eventual demise here
26 day until btc halves rallywhile experts call for dumps for the pass 3 days i had a totally different outlook after rally to bch an bsv halve it dipping but now its new rally until btc halves the big crash expert are calling for will only occur in 26 to 28 days out ..has seen on My TA
Waiting and managing. I recently purchased more BSV at 182$. The point is to see if it will drop more to the bottom cause it did go down to 171$ yesterday. Which means that area is still accessible. As of right now a purchase at 182$ was good but we are still looking as to what will happen next. If it goes up then we wait for the drop to buy in. If it goes down then we buy in. Points to look out for are 160$ on the bottom end and 210$ at the upper end.
BSV/USD - has been halving and the price is going down. has been halving and the price is going down.
Wide sideways movement between key levels $205 - $175.
It is better to buy after leaving the sideways movement, and to sell too.
Two key resistances are 204$ and 240$.
Two key supports $175 and $146
Good luck with trading!
Friends, thanks for your likes and comments!
BSV/USD - where's the movement going?Market to prepare for long.
I don't think MM is gonna give everyone in the market a chance to make money,
or this movement will be false upwards or with the current give downwards movement.
My indicators are pointing at the shorts
Friends, thanks for your likes and comments!
Good luck with trading!
View on the Altcoins market - consolidated chartHi guys,
We are following this setup for weeks now. It is now more than obvious that the $735 level is a really tough resistance. The consolidated altcoins index (excluding BTC and USDT) was rejected pretty brutally there, which resulted in an immediate reversal to the downside and a drop of 14 percent to $630. A big, fat death cross there on the daily chart. Naturally, we are looking for the $610 S/R level to hold.
Few more things:
The total crypto market capitalization moved below the $200 billion mark on Sunday and that is bad news for bulls. The last few times we broke up that level it was followed by a bull run.
The total altcoin market cap (excluding BTC) erased 8 percent and now stands at $69 billion.
Cheers,
