Satoshi's Vision and the Bitcoin Cash 0.045 targetit all hinges on volume and fundamental events.... if coinbase unlocks their user base BSV and opens a market - - - all analysis here is out the window, because it can moon or collapse
BSV remains in a bullish cycle until the trend breaks
BSVBTC
BSV showing signs of future trend reversalIt will continue to drop some but we are closer to the end of this downtrend than to beginning. Wait for a consolidation and accumulation buying and a break of the channel to buy. I will let you know when its a good time to buy.
There won't be another Bull Run like in 2017. That was it folks The crypto market wont have another bull run like 2017, it will have a bull run but it won't be nearly as strong, then the lows will be worst, we are going to see lower highs and lower lows, until most shit coins including this one, bitcoin core which was ruined by blockstream and others, and is no longer bitcoin, will go to zero. Bitcoin Satoshi Vision is the only one that will have a massive bull run and grow and grow like the original bitcoin should have if they would have not fucked it up with segwit and now lightning both retarded solutions that were made to destroy bitcoin.
BSV LOOKING DUMPY!!
Bitcoin cash SV has been on a steady decline for a few weeks now
We are currently sitting at the bottom of the support OB and we need to see a bounce ASAP or we could dump down to the next demand zone
We are currently on a descending price channel and have been riding along the top with no break above.
EMAs have crossed over bearish and with BTC on the verge of breaking down from support, we could very well see a failure here and lower prices
Next level down is very important to hold or else we could see a drop back down to 0.0150
Bottom of the channel would put us below this OB indicating extremely bearish PA so something to watch as we approach this support zone
Thanks guys!
Examining previous BTC cycles From the 2011 BTC bottom, there was 24 months of growth until the January 2014 peak, followed by a 13 ½ month bear market correction, a length of time 43.75% shorter than the growth period. After it bottomed out, there was meager/slow growth for ten months, swinging may be $150 in price at most. January 2015 marked the steady increase in growth that ended in January 2018. From bottom to top, that took 37 months, at which 43.75% would mean 20 months correction period, which would mean a bottom would be in August, 2019. Measuring the short history of two cycles, there's not much data to speculate with.
However, only 2 ASIC miners are “profitable (if you don’t include the $2k+pricetag) at $3500, meaning BTC is primarily mined by large operations that have subsidized electricity, 2 phase liquid cooling units, or solar/wind/other power. Further price drops eliminate retail mining and threatens large operations with massive investments. It’s hard to believe that those interests and their investors wouldn’t step in to prop up the price; if they didn’t, BTC has no incentive for miners, and it’s steps to lower mining difficulty might never catch up with the falling price.
Also, the 2014-2015 correction was before mainstream media hype and the ICO hysteria. The growth until late 2016/early 2017 was hyped, scams were plenty, the earliest mainstream adopters came in (and got REKT). Unlike the previous cycle, there’s far too much mainstream money dumped into BTC for “whales” to afford BTC to cross the threshold of mining cost/profit ratio, even with the subsidized and alternative energy/cooling operations which need to cover many other costs. It’s sideways or up unless some miracle in mining difficulty reductions occur.
I also expect a huge war between nChain, which doesn't rely on miner consensus for direction and creating use case, and Bitcoin Core developers. Whatever you think of Craig Wright, he has a plan and patents to make Bitcoin SV a global yet state-free currency on which a new internet can be built, basically all of the sh*tcoin dapp and Internet of Things platforms built on Bitcoin. Core and miners might not be able to keep up if you prefer BTC or not.
Bullish on $BSVtenkan and kijun poised for convergence
->price will break above descending trendline and up into kumo cloud; kumo twist and bullish reversal
BSV/BTC Impulsive Elliott WaveBSV/BTC broke previous high on all exchanges, exept Binance. If support holds, an impulsive Elliott Wave has a good chance to play out.
This is my own opinion, not a financial advice
Feel free to comment any thoughts you may have. If you agree with this, give it a like
Naturex
BSV fibonacci targetsSome fib targets, if we can break 0.035 resistance. BSV is still in an uptrend on the hourly-daily charts, so there is a possibility.
This is not trade advice, just my own opinions.
Share your thoughts in the comments
Naturex
BCH BSV BAB Low volume and trianglesI actually did not want to make an analysis on these 2 but since many people have asked me to i will give it a try. The reasons i did not want to do it myself is very simple, there is not enough data to analyse these 2, only 3 weeks of data. But i will give it a try. My second reason is, i honestly do not even want to waste my time or energy on something that is being used like a little toy by an elite few who simply just do whatever they want and have been the catalyst for the dump the crypto market had the past weeks. I hope these people are very proud of themselves for proofing the world that crypto is not decentrale as it is on paper.
On the left we can see a triangle in the making where the volume is dropping as well. Usually this means we can see a break on the downside. But that blue circle shows a possible bear trap move, indicating some big players might be accumulating here in this triangle. So only if we break up with high volume, this story might be true. That red zone is a clear resistance level.
On the right we can see an inverse H&S brought the price to the current levels and from the looks of it we broke upwards from that triangle. But there is no volume at all there. That tells me this breakout will most probably fail. Unless it can stay above the 95ish and still make another move up this week with high volume. Otherwise i think it can test the 70ish zone again.
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What path will Bitcoin SV take? $BSV #BSVIt looks like decision time is fast approaching for Bitcoin SV.
You either get better or you get worse - you never stay the same (for long) so with that being said we see the levels at 0.02 - 0.031 - 0.039 accordingly.
Interesting times in the market indeed!
Stay cryptic yall,
BK
BCHSV/BTC ADAM EVE + CUP N HANDLE?The patterns are not textbook exactly but they certainly have the general shape. The handle is a little long for my liking and the A&E doesn't make a perfect double bottom as the second low is higher.
BSVBTC exploring Fib support/resistance levelsSee chart for targets. I'd look for a red volume spike to kick off a run.
Indicators are looking nice...let's see how she charts.