Stop watching BTCUSD, start watching BSVBTCBCHUSD instead!The bitcoin network and community has unfortunately become split across 3 main forks.
1. BTC / SegWitCoin: A project that is a fork of the original bitcoin protocol, maintained by a private venture capital backed company... Blockstream. They control the Bitcoin Core implementation of Bitcoin, and have changed and restricted the protocol in dramatic ways, rendering some of the originally intended functionality of the platform redundant. They seem to have leveraged corporate money to exert influence on the cryptosphere in many ways. To what end, I'm not sure. But BTC no longer is the " magic internet money " it promised to be. Bitcoin gained popularity as a virtually free, unrestricted, p2p pseudonymous digital cash system for the internet, which the original protocol intended to become. Supporters of Blockstream's current implementation of Bitcoin (BTC) believe that Bitcoin should not be a digital cash system at all, but should instead become a sort of "digital gold"... costly to transact in, and only to be used as a store of value, not as digital cash. The fact that BTC transactions will soon become prohibitively expensive for the average user to use (i.e. >$100 fee / transaction) means it will be effectively rendered useless as digital cash. It will lead to huge amounts of small bitcoin accounts who will never be able to move their funds again, without using 2nd layer payment solutions like the Lightning Network, which only use the distributed blockchain ledger to settle large blocks of transactions at the end of the trading day. Blockstream have essentially introduced the requirement of trusted 3rd parties to relay your transaction for you. They have made the network fragile. They have sown the seeds of their network's ultimate destruction.
1. BCH / Bitcoin Cash: A project supported initially by Dr. Craig Wright and Roger Ver, as well as many other Bitcoin Maximalists, who disagreed with Blockstream's intentions for the future of the Bitcoin Protocol, citing that their restriction of the blocksize would prevent massive scaling of the network and rendering BTC useless as a digital cash system. They instead supported the idea of "big blocks", which in theory would mean that only larger mining operations with huge capital investments would ultimately be able to profitably mine bitcoin. They argue that this was the originally intended scaling solution, and that individual users were never expected to run full nodes, and that big companies should compete to increase the efficiency of the network instead. They argue that this should not be seen as "centralisation" of the network, but rather, niche specialization of the network. They believe that the economic incentives originally intended would ensure that the network remains a level playing field for everyone - miners and users alike, and that this network schema preserves the ability to maintain low transaction fees and facilitate micro-transactions. Unfortunately, interests within the Bitcoin Cash faction subsequently lobbied to make further amendments to the original Bitcoin protocol which others in the community disagreed with - i.e. features that would help to facilitate anonymous transactions and coin tumbling, things which only criminals would benefit from.
1. BSV / Bitcoin Satoshi Vision: This implementation of Bitcoin is maintained and developed by nChain and it's chief scientist - Dr. Craig Wright. Many believe him to be the original creator of the Bitcoin Protocol... Satoshi Nakamoto, or at least the driving force behind the team of people who developed it. He is currently embroiled in legal proceedings with the estate of one of his now deceased friends / colleagues, who helped him develop, mine and establish the original Bitcoin Protocol... Dave Kleinman. Wright has recently been ordered by a Florida court to pay $5 BILLION of bitcoin to the estate of his now deceased firend, who the court has deemed to be entitled to a fraction of the bitcoin in Craig Wright's possession. The court has not stated that Wright is Satoshi, but still have compelled him to pay half of his bitcoin holdings to the estate of his dead college... hmmm. Much more to come on this front I would imagine. The cryptosphere does not believe that Craig is Satoshi, not because of the mountains of evidence of the work that he has done, but rather because they want bitcoin to continue to be anarchist money that facilitates online crime... or else they believe the propaganda put forward by these same people. They don't believe it because he has to date refused to "cryptographically prove" himself as Satoshi by signing a transaction with Satoshi's original keys or by moving coins allegedly belonging to Satoshi. Many large exchanges decided to delist their BSV markets, after Wright finally decided to take on the troll armies of contending forks and fight back aggressively. He has lodged patent applications for the original whitepaper, and is currently fighting for his legal right to be known as the creator of Bitcoin. He meanwhile has expanded upon his original vision of the protocol as "fully truing complete", meaning that features previously removed by Blockstream were originally intended to provide the same functionality as the currently popular smart contract platforms like Ethereum and EOS. He has also submitted multiple patents related to blockchain technology, which in the future will likely see other blockchains having to pay him royalties for their use of the technology. Or cease and desist.
This is the current state of Bitcoin.
While I personally believe that Craig Wright is indeed Satoshi, and that BSV will be the only fork that fulfills the original promise of the protocol, the markets take time to digest the facts.
Stop watching the BTCUSD ticker, and instead start watching the combined market cap of all 3 forks.
BTC might in fact be doomed, but Bitcoin itself will march onwards and upwards.
BSV
Long Term Forecast Bitcoin SV Price : BSV/USD Price Analysis
Bitcoin SV endures huge misfortunes because of a reaction of contentions with its lead designer. till date, the two noteworthy crypto trades, Binance and Kraken, have chosen to expel the Bitcoin SV from their trade, I.e BSV will be never again tradable on these two trades. The two trades will quit exchanging on BSV on April 22, refering to Kraken’s “conduct totally contradictory to all that we at Kraken and the more extensive crypto network represents.” Binance referenced reasons, for example, “Proof of dishonest/false direct” and “Level and nature of improvement action” among other reason.
Bitcoin SV (BSV) Price Analysis — An Overview
BSV was not performing admirably even before the delisting. When the updates on Delisting went out, it began hitting the value link, the cost of BSV began disintegrating down. It is as of now exchanging around 58 USD, a critical drop from 90 USD where the coin was exchanging early April and could without much of a stretch hit its most reduced degree of 40 USD in the following couple of days.
News Source : TheCoinRepublic
Trading Crypto. Toss out traditional TA. This is 100% PsychologyWhen it comes to trading crypto traditional TA is useless. You can find patterns no matter how you cut it. Up or down you can say history is repeating itself.
There has never been a market that fluctuates on the single fact that people are either buying or not buying.. This is psychological and there is simply nothing more to it. Either we love BTC (NOT BSV) or we dont.
Considering BSV is centralized and owned by 2 individuals with a history of questionable behavio its easy to assume the product they have created is probably shady to some degree. Giant blocks are cool and yes its programmable.. but for what you gain you sacrifice security. If crypto is going to be accepted (100% up to us) as a future world currency then Bitcoin will be insanely valuable and not likely used as day to day cash. Another crypto or offcahin solution can solve this.
For this reason I believe freezing btc was the absolute best decision imo. Rushing in to change it and upgrade it would be a mistake. Thats what forks and alts are for. Developmental platforms are great for experimenting. Btc is still what it was and will stay that way.. secure and unhackable. BSV would be a great platform if only it wasn't centralized and controlled by people with questionable incentives.
Trading to make a buck is one thing.. promoting it as a decent company or product is another.. in crypto the company and product are really all there is. BSv would be great if it wasn't trying to steal Bitcoins place while making outlandish and impossible claims. There are a many number of other coins that can do what BSv can do.. So I say Good riddens.
BSv and its owners are here for one reason and one reason only.. to take your BTC. Same as 90% of All other ALTS. If you truly understand BTC and how valuable it is.. you understand this fact.
BTC is going to decide which ALTs deserve a place on the cryptosphere. This has been a long time coming.
- A
bsv(bitcoin sv)i think over 80% bsv will go to 0.0111217 btc and then will continue:
1-if bsv break the suport line at 0.0111217 btc will go to 0.00037 btc ( i know that fall down with this speed will be inpossible but chart show)
2-if bsv hold 0.01112171 btc then i think will go to 0.05372
BSVUSD - limited price range?It appears there isn't much price range in the original Satoshi Vision.
BSV - LONG & SHORT SETUP IDEAHi guys, I share this idea for shorts or longs. We must wait for the price action and make the decision later. No rush!!
BSV Thoughts$BSV
Nice buyback, however we're coming up on horizontal resistance + POC. This is where I'd exit position were I in one. Cheers
BSV LONGBullish cipher confirmed, last dump had low volume so looks like some accumulation has still going on
Updated BSV Count, Time to Place LongsSee related chart. Correction played out exactly where it was expected. Just adjusting wave (4) and subwaves to a WXY combo.
There is a trading opportunity to buy in BitcoinSV / EthereumTechnical analysis:
. BitcoinSV/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.51060000 to 0.44390000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.51060000)
Ending of entry zone (0.44390000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.61030000
TP2= @ 0.68240000
TP3= @ 0.73080000
TP4= @ 0.78770000
TP5= @ 0.85980000
TP6= @ 0.95940000
TP7= Free
There is a trading opportunity to buy in BitcoinSV / EthereumTechnical analysis:
. BitcoinSV/Ethereum is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.51060000 to 0.44390000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.51060000)
Ending of entry zone (0.44390000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.61030000
TP2= @ 0.68240000
TP3= @ 0.73080000
TP4= @ 0.78770000
TP5= @ 0.85980000
TP6= @ 0.95940000
TP7= Free
A trading opportunity to buy in BSVBTCTechnical analysis:
. BitcoinSV/Bitcoin is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01071000 to 0.00741000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01071000)
Ending of entry zone (0.00741000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01418000
TP2= @ 0.01608000
TP3= @ 0.01876400
TP4= @ 0.02147100
TP5= @ 0.02475000
TP6= @ 0.03011000
TP7= Free
A trading opportunity to buy in BSVBTCTechnical analysis:
. BitcoinSV/Bitcoin is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 24.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01071000 to 0.00741000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01071000)
Ending of entry zone (0.00741000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01418000
TP2= @ 0.01608000
TP3= @ 0.01876400
TP4= @ 0.02147100
TP5= @ 0.02475000
TP6= @ 0.03011000
TP7= Free
Bsv if break the top can be a trap!Hey traders, be careful with BSv, the move is not powerful and can make one more low to complete a bigger pattern.
I update you if something new happens!
Bitcoin could flip BTC in the next 3 yearsA quick one. End of the road soon for InstantGratificationCoin BTC.
(Inb4 BTC lemmings flame me for this not happening in the next 5 minutes "This did not age well" when this is a yearly chart just shows you the stupidity).
To all the delusional sad people that think it is ridiculous for BTC to go to 2 digits, or zero.
"Lol using BCH as an example can't take this serious". "BCH is entirely different".
Only took BCH a few months to go from over $4000 to $73. LOL!
BTC tx fees are billionaire fees again.
Stupid, expensive, doesn't scale, doesn't work, makes no sense, nothing no one backing it, no use case other than "ooga booga lambo moon".
I could go on. Sooner or later, going to ZERO.
I do not think I will have to wait till I am 60 to point and laugh at those that dared to oppose me.
Only going to take a few years. The faster we get rid of these criminal stupid scams, the better.
All the imbeciles that tried selling their soul to the devil for moon lambo are going to pay the price.
BSV - THE NEXT TARGETSHey Everyone,
After BSV successfully reached all of my previous targets, I have been waiting for the dust to settle before updating you all again.
Right now BSV is in a period of consolidation, and it is possible to trend sideways within the squiggles I have drawn, BUT this may not happen either, as we all know well that BSV is the Crypto Honey Badger and may just decide to reach for upper targets without much of a correction, and right now is holding strong against BTC being one of the only coins to be in the green today, at the time of writing this BSV has a 3.51% gain compared to BTC 2.41% Loss.
Right now I see BSV heading to retest the high before a minor correction and then should attempt TARGET 7 before a possible deeper correction within the squiggles. Corrections are needed and just add fuel to reaching upper targets. I do not recommend shorting BSV as the movements are never clearly defined. And often due to the support of the BSV community all dips are bought as quickly as they happen.
My other recommendation if you are margin trading do not over margin and only use low leverage due to the flash crash we saw on our last high. Whales are watching and will be only too eager to steal your hard earned profits. BSV is probably one of the only coins that you can leverage, that I would recommend NOT leveraging at all.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
BSV - HOW WE GET TO TARGET 2!Hey Everyone,
BSV has been running at snails pace over the last few days while BTC have been having a small wave party... where we all got an invite.
It was fun as now we can buy more BSV as it is just about to take off.
So breaking down the chart, BSV moved in triangle patterns, each and every chart develops it's own pattern and forms a pattern memory from the traders that buy and sell. So how BSV is tending to move, is triangle up, quick move up, triangle break down, form a flag, then we should get another move higher.
Tradition charting says the length of the flag pole from the first move will form the basis of the target for the next move. Ironically that takes us to target 2 from my previous BSV Chart.
BSV is a scalpers dream, it has moved all week in $10 movements allowing book end sells and buys!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3