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Bitcoin SV New ATH on Bittrex | Where Is The Top?Ok, so Bitcoin SV (BSVBTC) just hit a new All-Time High (ATH) on Bittrex and I know what's the question on people's minds... Where is the top? Who knows!!! Wait... just kidding. Looking at the Fib. proportions, the top can be found around 0.13927829 BTC ending in a long-wick candle. If this high is hit prices aren't likely to stay there for long. This is just the bullish scenario, but looking at the volume and MACD, this can go for much longer. Previous chart: Bitcoin SV Reaches EMA300 | Can Grow 175% After Break Thanks a lot for reading. Remember to hit LIKE! Namaste.
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by AlanSantana
8
BSV ANALYSIS (TRIPLE TOP FORMED)BSV BSV has recently seen a massive surge up past $230 for a triple top at this zone. Each previous time, this was a strong rejection point. Its possible, BTC shoots to 9k and we do see an overextension of BSV. But successful traders look for high probability plays. In this situation, BSV is at a known rejection point and already overextended on daily RSI. RSI hit overbought near $180 and I expect a push back down towards T1 at $200, T2 $199, and finally T3 at $180. There is a possible new temporary support. I would recommend closing any short near T2 and T3 for a possible flag and bounce back up. This will highly depend on BTC, but given the current chart its a high probability we do see a correction back down. Triple tops tend to be bearish. Keep in mind 200 MA is way down at $125 and 50 has not crossed 100 MA yet. Possible Short Entries: $238-240
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by altchicasignals
BSV - The Flippening - Strong Buy - Part 2BITFINEX:BSVUSD remains a STRONG BUY. Please see previous BITFINEX:BSVUSD for further analysis. 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. Bitcoin’s consensus algorithm, hereby referred to as “Nakamoto Consensus”, powers many cryptocurrencies today. The basic concept is simple, the state is organized into a tree structure, or “block tree.” Each node in the tree is a valid block of transactions, and blocks necessarily point to the previous block’s cryptographic hash. Nodes reach consensus by selecting a path in this tree of valid blocks. This is the basic structure which defines many cryptocurrencies. In Nakamoto Consensus, “Proof-of-Work” defines a mechanism which enforces an easily verifiable but difficult to compute delay. Originally defined by Adam Back’s Hashcash paper , PoW is effectively used by many cryptocurrencies to place a control on the rate of block generation, and to provide a mechanism for block proposers (miners) to be chosen. Proof-of-Work is hard to produce and easy to verify. An algorithm exists for adjusting the “work” parameter, ensuring that the time to create each block maintains relatively constant. 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. Monthly Chart: High Wave 2 Retrace > 78.6% High Wave 3 Target Area $407-$277 Will update with more detailed analysis of BITFINEX:BSVUSD inner waves. FMW
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by FibMarketWatch
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Bitcoin SV Reaches EMA300 | Can Grow 175% After BreakBitcoin SV (BSVBTC) is now challenging EMA300 on the daily timeframe, this is a very strong resistance level and conquering it can lead to massive growth for this pair. Please allow me a few minutes to analyze this altcoin chart with you all... - We can see that Bitcoin SV hit a low on the 24-Sept., together with many other altcoins that also hit a low on this day. - After the low a new bullish wave took place and prices went almost straight up until they hit EMA300 (gray line). - BSVBTC tried to break EMA300 without luck and had to retrace to remove weak hands and gain more strength. - The retrace for BSVBTC ended on the 25th Dec. and a new attempt to break EMA300 is taking place. Now, last time it didn't work but I believe this time the bulls will be successful in breaking and conquering this barrier... Bitcoin SV Signals & Indicators Volume is still low, really low for the type of action that we are seeing, meaning that the 'real' action is yet to start. The RSI is super strong. The MACD is now on the bullish side and trending towards the bulls. The way it is positioned allows for a massive jump in prices anytime. Consolidation can happen after EMA300 is conquered. Note: If EMA300 can't be conquered, prices are likely to move lower just to gain more strength on the next try. If EMA300 is broken, we are likely to see BSVBTC grow by at least 90%+ in a matter of just a few short weeks. Within months, we can see up to 175% or maybe even more. Thanks a lot for reading. Remember to hit LIKE to show your support. This is Alan Masters. The Altcoins KING! Namaste. --- Previous analysis |
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by AlanSantana
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$BSV gaining momentum, possible retest of $250 coming upAfter finding heavy support in the $80 region, Bitcoin has surged nearly 100% and is on path to retest the resistance cluster at ~$250, painting a potential ascending triangle. Possible retrace to $115-$125 is in the picture in the coming days, which could provide a good entry for the retest of $250. The current setup is bullish, with invalidation being a HTF close below $100, or below the green trendline. *this is just my opinion, and should in no way be taken as any kind of financial advice*
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by vVielo
BSV ANALYSIS (PUMP, FOLLOWED BY DUMP?)BSV BSV has pumped significantly topping out at .0200. This coin is known for various pump and dumps shortly after. I expect a retrace back down towards the entry zone at .015. I would not recommend a push to jump into a long right now. Wait for the retrace or short BSV down to the proper levels. If the new entry zone holds strong look for a rise back to a double top with take profits at T1 of .017 and T2 of .0185. Look for a cross of the 50 & 200 MA coming up if this pump holds. Currently 50 is JUST underneath the 200 MA. A crossover and a reversal at the entry zone is very bullish! Short term the RSI is oversold and Stoch is already pushing back down. Sellers exhausted and the wick is burning out. Expect retrace to come sooner rather than later! Possible Entires: .01500-.01525
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by altchicasignals
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BSV/USD Breakout Pump!Anyone in the BSV/USD(t) trade needs to take a look at the chart and reassess. I had sells between $145 and $150, and I'll be looking to refill based on what happens over the next 24-48 hours. With such a strong move up, and plenty of room to breathe on RSI, I'll be looking for another big pump before we start the real trickle down. Next resistance is around $170-$175. I just want to point out the perfect breakout. The horizontal and diagonal resistance was right where the candles peaked out, so it was a perfect breakout pump pattern at the bleeding edge of a bearish descending triangle. In the coming week, if no fundamental news comes out (Tulips?!) I'd expect the chart to spend a little bit of time cooling off. However, if we break up hard to $175 today, it's a ripe opportunity to fight for a new all time high very quickly! Keep an eye on this chart!
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by kurtwuckertjr
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