HUGE BSV MOVE COMING - LONG $500.00+THIS IS NOT FINANCIAL ADVICE
BLACK LINES are support.
RED LINES are resistance.
BLUE LINES are trends.
TRADE IDEA:
BSV is now above the resistance at $350.00; sitting ontop of the ascending triangle it was trading in for awhile. It now is gaining momentum against USD, BTC, and ETH. From my analysis, I will depict $500.00 as the major technical breakout point and psychological breakout point as well. We pinbarred from 490 weeks back, but now BSV is gaining technical and social traction.
FUNDAMENTALLY
Some claim BSV is the actually BTC . I am not here to tell you whether it is or isn't. I have no opinion on that. I buy what works well and what has liquidity or future liquidity.
PAST BSV IDEA
Bsvbch
BSVUSD updateAfter the impulse a flag appeared, it did not work out; nevertheless, it helped to avoid a rapid rollback down. Now, the probability of a collapse to $ 180 has significantly decreased, although the Power balance indicator signals a decline. Most likely, the rate will drop to $ 200 and stay in a flat by the end of the weekend. Starting from Monday, the volatility should increase. It should be noted that the 38.2% Fib correction cannot be completely ruled out.
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BSV could give a good entry point very soonBSVXBT could give a very good entry point in the short term if the market turns bullish again. We are at the lowest support level but long term support is still holding for now. The RSI of yesterday's dip has been the lowest EVER which could indicate a long term bottom.
On the fundamental side we have a lot of innovation going on in the BSV ecosystem and also a few records of scaling reached since the beginning of 2019.
Keep an eye on BSV
