#BSV vs #BTCNot financial advice. I can see an inverted head & shoulder pattern here on this pair. When they do work, H&S patterns are really good to trade.
BSV
BSV Great Buy - BSVUSDA comparison idea for BSV
Showing (1) tight price accumulation area
(2) A dip below the major trendline
And (3) a 240% rise from the trendline, a comparable rise to that seen in the first scenario
BSV / BTC - Down 1300+ % from Top, Possible Double Bottom See targets on the chart, invalid if we significantly lower than the previous touch at proposed bottom. This would be an approx 180 day trade.
Why not use the left-side trading strategyInvestment has always been diversified, many people choose to bargain, low suction and high throw; some are on the right. The method is not good or bad, but for different markets, we should choose a suitable way, rather than mechanically mechanically.
Buffett is a typical left investment, many times he can hold for ten years or more, so everyone respect him as the god of shares. But that is the fundamental logic, there is the target of long-term investment value. But in the digital currency market, altcoin does not have solid fundamental support, so the left trading method may bring huge losses.
I made a simple count on the weekly chart, where most altcoin s have fallen over 70%, but is that the bottom? In the last bear market, altcoin mostly fell 90%. Regardless of the time cost you need to cover, that is, there is 20% in space. If your source of money is borrowing and using leverage, how much pressure will you bear? The reason why many people can not maintain a good attitude is not that they are naturally urgent, but under the pressure, can not maintain a good attitude.
Therefore, I have always suggested that you use the right trading standard, on the one hand, we can avoid the uncertain time cycle, many times, at the bottom will be sideways for a long time, even if you buy a low point, but can not make profits, that is, lose the opportunity to invest in other targets, will also let their doubts, resulting in the imbalance of mind.
Summary: For the lack of consensus, lack of fundamental support, lack of institutional funds, we should adopt the right-hand trading strategy.
BSV Analysis - Side ways action support and resistance levelsBSV right now is moving sideways which i love, more reason to accumulate in this phase.
Current support level is 150, resistance at 170
Prior to the 2021 bull run earlier this year BSV was stable at 180 support and 200 resistance and was in that range for the majority of last year.
I do believe we will not see price below 150 this year.
depending on BTC if there is another flash crash we may see BSV price go down to the $100 level.
Either way i will be accumulating more BSV at those prices, its a win win scenario regardless if you are a long term Hodler/Investor.
Have a great weekend.
Bitcoin aka BSV : Exponential vs Linear Growth Slowly but SurelyHello traders,
Exception to crypto pumping rule of thumb the bitcoin as its truest form, appears to want a stable growth rather than futile pumps.
The project is the long term fast and fontionning efficient scaling and needless to say original blockchain, which excludes from the
investors panel, investors that takes on crypto as a pokemon card trading game resulting in pumps and dumps the way pokemon
cards went to hyped fromsilent to pokemon go to silent again. Even pokemon cards are more legit imo since first editions are
collected for actually big sums.
I was myself awaiting for a pump because that's what i've been used to since i'm in the blockchain journey. I'm now switching vision
from speculative digital token representing the blockchain to a stable growing technology that don't need to make noise and will
slowly but surely grow linearly with possible exponentialperiods if it were to go mainstream on due day after actually having tested
its role and meet its expectations as a digital both ledger and cash.
The chart depiction of this linear model is as shown above reducing short term from around 2k in the exponential model, to less than
1k in this linear price growth. The timing and oblique range is hard to define and only is approx.
I wish you a safe investment in your crypto/blockchain journey.
VB.
BSV Lacking DirectionI expect a sharp move up (yellow) to climb out of the current fib ring within the circle, then a following advancement to the Lightning icon
Some direction and trends need to be established for BSV
Hopefully if this occurs it will lead to some
BSV / BTC - Potential HSi & TargetsPossible targets for completing a potential head and shoulders inverse.
BTC could totally ruin this setup, so keep an eye on it. We'll likely know the direction relatively soon with a new daily/weekly candle in ~1 hour, and a new monthly candle in ~25 hours - should know either very soon... or at the latest ..within a couple of weeks or so.
Did BSV die after losing the uptrend?AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$40
tp2=1.27 BC=$35
tp3=2 BC=$8
Almost time to BuyBlue bar has formed on the Daily. Wait to see if there is enough energy to turn it Green. Green means Buy.
Previous Green was a few days post the Covid Dump.
Beware for more downside and volatility as previously mentioned but in general long from here looks promising.
This is not financial advice.
I don’t hold btc. But it’s about to explode. I think BTC is about to explode. It’s sold a lot and many people sold. Now it’s going to skyrocket.
I hold bsv, xrp, and Ada. But I’m not blind to btc scam dominance in the crypto market.
BSV / USD - May Go Parabolic SoonNot my favorite crypto, at all... but still looks like a possible opportunity for a good short-to-mid-term swing trade.
I drew fibs based on weekly low and high, and the parallel channel drawn from daily log chart. Shown above is the weekly log chart.
- Targets: ~750-850 seem realistic, could even reach 1000+ (see three horizontal lines above)
Targets above based on fibs and center of fibs, with the daily log chart channel top for confluence. Volume seems to indicate its headed in this direction as well.
Big poppa is coming for your Bitcoin.The real Bitcoin is here to stay, its Satoshis true vision.
I have put 50% of my entire BTC stack into BSV.
This is a massive risk on my end considering I have been covering Bitcoin since 2016 on my channel and holding it even longer.
I could get so much hate for this (and I probably will) but I really don't care.
I see the future and follow the smell of victory.
.25 BTC Is my first target.
This is the path of winners.
Stay profitable.
#bitcoin dominance... how this decade could play out... what are your thoughts
this would actually be healthy
and support my longer term views of increasing adoption
#stablecoins
#defi
#doge
#ltc
#xrp
and many other #alts will continually chip away at the #godcoin
it still may reach insane #USD numbers including John McAfee's $1 million dollar prediction
But space is growing faster than Bitcoins inflation rate, lol ... and BTC can only get so many people excited.
What if #coinbase releases a token, apple and so on...
BSV Could Run Soon Against BTC. Waiting for Confirmation.DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
