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BSV

Bitcoin SV: Potential pull back.BSVUSD is consolidating after the aggressive run that led to a peak on January 14. Levels to watch: - The Resistance is at 457.500 while the Support at 76.500. - Golden Cross took place right after the January 14 top. Last time this happened on a top (June 2019) it initiated an extended pull back to the 0.786 Fibonacci retracement level. - The MACD is printing a similar pattern to June's 2019. - 253.500 is the former Resistance and where the price found Support after the January 14 top. Projection: - This appears to be a cyclical pattern for BSV. Golden Cross marking the top of a bullish leg and then progressive decline first towards the 0.500 Fibonacci and then a bottom on the 0.786 level. If however the 457.500 Resistance breaks, then this pattern is void and we can see new highs. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
BShort
by UnknownUnicorn3931771
1
Can Bitcoin SV Continue Growing After 474%? @alanmastersBitcoin SV (BSVBTC) went on a great run that started in late September 2019 and peaked this past 14-January, this wave hit 474% from bottom to top... Can Bitcoin SV go higher? Previous charts with bullish wave | Nov 23, 2019 Jan 4, 2020 Normally, we would expect a retrace after a strong bullish move, and a retrace here can surely happen but, we are having some signals that are pointing to additional growth without much retrace... Let's take a look at those: Prices moved back above EMA10 after a strong rejection on the 3-Feb. Volume is really low on the drop. MACD and RSI curving strong. Higher lows being printed. Warning, these signals not necessarily mean that BSVBTC will continue straight up, but that there is the possibility of this happening... Conditions for change The main support for this whole structure is sitting at 0.02733431, if this level breaks the above signals become invalid. There is also the chance we see a lower high or double top and then a retrace can take place... So far, BSVBTC is holding strong and has the possibility to continue growing right away. What will it be? That is for the market to decide, we trade based on what is happening and not on what might happen next. Thanks a lot for your continued support... I am always grateful to you. Remember to hit LIKE 😊 Namaste.
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by AlanSantana
18
Trend analysis of xrp and bsvXrp's trend, if you recover from the historical trend, he has been in a long bear market, and in 2018, after his rebound in October, December did not appear like other mainstream currencies, the break, but fell to the Low of August to stop. But God is fair, and in last year's adjustment, xrp was the weakest mainstream currency, falling below the 2018 low and completing the work of making up for it. At present, the rebound met with $0.3 resistance, indicators, macd and rsi are relatively healthy, do not constitute adjustment pressure, focus on the support of ma6,if according to the right-hand standard, fell below ma6, should be left to wait and see. bsv, as I have said many times before, if we look at the technical trend, a wave of bull market adjustment, if macd can not form a golden fork, the price can not effectively break through $313, the rebound success rate will be relatively low, and down, falling below ma36 may replicate the trend of 2018 xrp Suggestion: I always stick to the right-hand trading strategy, so don't predict where he's going to go, we have to do it to set a stop loss position and when triggered, leave the market.
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by peter-l
3
BSV - GENESIS UPGRADE approaching !!!BSV looks great to me !! If this was a PUMP and DUMP like almost every youtuber and crypto twitter account is suggesting, it would not have such a consistent chart !!! Look at that beautiful bullish flag the price is drawing just under the previous resistance is drawing !! The necessary energy to clear previous ATH is forming at the right point !! If you followed my advice you'd be back in again since 259 USD. Enjoy the ride !! 4th February 2020 is GENESIS UPGRADE time !!
BLong
by Dangermousebanana
21
Triangle Completion Just in Time for Genesis?Using (Bitfinex + Bittrex) / 2 for this chart. The triangle looks small proportionally so keep in mind this could be a B-wave triangle of a larger correction. However, the overarching wave structure still implies big impulses to the upside are coming for Bitcoin SV. The same pattern is playing on the BSV/BTC chart. As some food for thought, the timing looks like it's lining up well with the genesis upgrade - 11 years 1 month and 1 day after the original genesis block (11:11)
BLong
by Kappy
4