Double Bottom and Breakout/Retest.Buying the bottom in the green box worked out very well, and BSV is outperforming BTC slightly in this run over the last 2 weeks. Bullish breakouts continue. The only concern is daily RSI is higher than it's been in a year, so we may be nearing the top of a local push. There will likely be a refueling buy opportunity over the next 2 weeks, and then we see whether this was a bull trap, or the buy opportunity of a lifetime at $76.00
Time will tell.
BSV
WHY I DOUBLED DOWN ON BSVBSV is one of the only (if not THE only) blockchains in the world with a globally scalable technology !
BSV has more than 1000 devs working on it.
BSV has a working product that attracts multiple businesses.
Some people state that BSV is the real Bitcoin (though the opinion is very unpopular to say the least).
ON A TECHNICAL SIDE BSV TOKEN IS VERY ATTRACTIVE !!
1 Clear, strong divergeance on the RSI.
2 Historic Volatility contracting into a funnel ... this must resolve soon !!
3 My guess is the price will go to the upside
4 False break down out of the 3 year long bullish descending wedge - price has already jumped back into the wedge and is to soon break out on the other side !!
5 Bullish around the apex move !!
6 Altseason is starting - could favour tokens over Bitcoin
This has yet to be confirmed ! Not financial advice ! I only share the reason WHY I DOUBLED DOWN ON BSV !!
BSV is now my 3rd biggest position after XRP and XLM.
#bsv is aliveNot sure who is buying bsv and on what exchange. Not much exchanges trading BSV. Nevertheless, price seems to be breaking out.
Bitcoin BSV - Wyckoff AccumulationBitcoin BSV looks like an Accumulation schematic.
Volume looks good, supply is getting absorbed.
It could go still a bit higher, especially with all the stuff going on in the world right now...
I do expect a wyckoff Spring type of action soon.
BSV USDT LONG SWING | BSVUSDT | LONG @ 86 - 88 | TP @ 89, 90, 91, 92, 93 | SL @ 79 | PATTERN = HAMMER | BITFINEX |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
BSV - looking bearish on usdEven if on the BTC pair it is looking quite bullish,
It looks terrible on the usd pair.
Break-down.
Backtest complete.
Sinking like a rock !!
Please do not shoot the messanger.
BSV - i t i s a l m o s t t i m e !The MACD indicator is crossing bullish on the Monthly Time Frame !!
We are at the apex of the bullish descending wedge !!
The next 15 to 30 days will be interesting !!
B U L L I S H ! ! !
BSV looks similar to AppleTechnically, both show a similar structure with a leading diagonal, a long correction, an ugly rounding top and a struggle with the 0.618 retracement.
Apple also had a bad narrative in the nineties like BSV today. Microsoft were taking over, bankruptcy was on the verge and the products weren't very popular.
In my opinion, BSV is the riskiest bet in this market but one of the very few with an enormous risk/reward ratio. Obviously a breakout is not imminent and it could take years for reasonable prices. Only a catalyst from outside could move this crypto and we all know there is only one potential event that could make this coin break out.
BSV on the verge of supportBSV is close to the previous support, which has bounced back multiple times when the support is broken, could bring the price down to around $ 64. The first resistance, however, is $ 107.88. In the coming days, it is possible to try to exit the downward trend, but a lot depends on the behavior of BTC.
The Black Swan they dream byNO INVESTMENT ADVICE!
It could be more fast, or it cant even happen at all lol
happy trading.
BSVUSDT is the best choice to open a position todaymost of the tokens are going somehow exactly as bitcoin is going, so I analyse BTCUSDT chart first then I choose the token with more movement (based on the percent it has gone up or down) so today BSV is the best choice for higher gains
everything is on the chart, if the price comes below 146 I will open a short position after a pullback and if the price goes above 155 I will open a long position after a pullback.
My Bet is On the Downward movement based on my analyses.
BSVUSD Staggered Fib ExtensionsAn idea and observation for BSVUSD
Showing the peaks consistently moving up as per each fib level going from 1 -> 1.618 -> 2.618 and finally the predicted 3.618
50MA is beautifully structured and is just waiting to break out of this stability that price is in
Decoupling of Garbage Coins- Zooko Time to Shine?!With ZK Rollups being the hot-topic of ETH hopium discussions, ZK Snarks should be in discussions as well. That, along side the recent volume and strong technicals on HTF for both the USD and BTC pair for ZEC is my reasoning on being bullish. Unless Zooko increases the founders reward to buy some more groceries, NGU.
#BSV Bitcoin SV LOG Chart- 5X potentialI always wonder why BSV is offered on Robinhood and not on Coinbase. :P
I put together a Log chart on a 1D and looking at history to assume where this is going.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins