BSV/USD what is it doing?Do you think it’s gonna go up or down.
I keep seeing it holding the support line, it tried to go lower but it didn’t. So I assume it’s going to go up from here. I’ve entered a strong long position at these numbers. I left a little of my funds on the sidelines incase it drops but it looks highly improbable to drop. So I’m considering to go all in at this price. If anyone thinks other wise please let me know or private message me.
I’ve also been reading the Craig Wright vs kleiman court case, it looks highly probable that Craig will win. It seems the court cause is a coop to set the precedent of the dealings with bitcoin ownership. questioning from both side of the case make Craig look like satoshi and make kleiman look like an idiot.
Satoshi
Farewell Generational Bottom #BTC $BTCUSD
Monthly
More than half way through the month of May, and our highest timeframe showing BTC is in uptrend. Starting on April 2017, with a 2nd bounce in January 2019, and finally a 3rd test in March 2020. Stochastic RSI showing bearish momentum is slowing down, let’s not forget indicators rely on price to get their data so we may already be in a bull market. The month of April left a bullish engulfing, and a close above $7,500 (major resistance) with no signs of slowing down. Things are about to get interesting really fast…$14,000….$16,000…..$20,000….$xxx,xxx
Weekly
Shifting over to our pattern timeframe we can see BTC is in a strong minor uptrend starting from $5,000 up to $10,000 with no signs of reversing. BTC has tried to close above $10,000 (3x) this month alone, although we may not being seeing a close above $10,000 this month we most likely will be seeing one in the near future. A weekly close above $9,700 is a good sign price will hold at this level and continue to the upside. A rejection from this level and we could see BTC fall as low $7,700, stochastic rsi showing momentum is in favor fo the bulls with no sign of reversal.
Daily
Finally looking at our trigger timeframe we get a better picture of BTC’s uptrend, also stochastic rsi showing momentum has bottomed out. A close below $9,400, and expecting a nice sell-off to the side, however if price holds above this level….enjoy the rewards :)
40 BTC Moved From Possible Satoshi Wallet Market Down*Inner Perspective (Daily Chart)
Bulls keep getting punished from their attack to 10k and this time a significant drop transpired more quickly to 9295’s. 6 hours ago 40 BTC was moved from a possible Satoshi owned wallet which is causing a stir, alas most will forget about this flection by the weekend and it will be imbedded in the history of the charts. See below for more detail of trading action
Area of Interest
The good news for strength, Bitcoin is hovering above the outer downward channel still and poised within the inner upward channel. This zone is getting a bit tedious with price action floating up and down with what looks like its struggle to punch through the ATH half way point and the whole number of 10k. A retrace from the possible reaction to 40 BTC satoshi move will see price open lower on the daily than its open. Bitcoin with the current dynamics is getting more space to move in the polygon depicted. Will keep an eye on P action through out the day if Bulls can’t gain some traction they are opening themselves up for more down side, especially if bears break the 9200 area. Must hold within this $800 range for a hope of posing the 10k mark within the week / by weekend.
Biggest Transaction story of the day:
🚨40 Bitcoin ($391,055 USD) transferred from possible SATOSHI owned wallet (dormant since 2009) to unknown wallet 🚨
These coins in this transaction were mined in the first month of Bitcoins existence.
📈Support & Resistance📉*
Support Levels
1st Support Zone: 9526.5
2nd Support Zone: 9115.9
3rd Support Zone: 8596.5
Resistance Levels:
1st Resistance Zone: 10013.6
2nd Resistance Zone: 10469.5
3rd Resistance Zone: 10974.1
Price Level Consideration
Approximate Days Until Halving: 1371 Days (Pending Timezone / Blocks Mined)
All Time High Half Way Point: 9942.5
Prominent High: 13767.4
Prominent Low: 3994.1
🐃 Bulls Verse Bears 🐻
🐃 Bullish Above: 10485.8
🐻 Bearish Below: 6474.1
Monthly & Weekly Opens
Monthly Open: 8629.2
Weekly Open: 9667.4
Current Price Zone: ACCUMULATION ZONE
Bitcoin to Date
Daily
Current Price: $9546.8 USD
Daily Change %: -2.28%
Market Cap: $175,729,639,480.51 USD
24 Hour Volume: $36,414,841,876 USD
Population of the World: ~7,785,800,000+ humans
Today’s Bitcoin Total / World Population: ~ 0.002360950448252 Satoshi’s / $22.53 USD per person
Overall
Approximate Bitcoin in Circulation: 18,381,888 BTC
Approximate Bitcoin Mined Last 24hr: ~ 900 BTC
Approximate Bitcoin Left to Mine: 2,618,113 BTC
Road to 21,000,000 Bitcoin Mined: 87.53%
Current Bitcoin Dominance: 67.93%
Bitcoin - Someone moved 11 year old coinsSomeone moved really OLD COINS (mined in Feb 2009) and market reacted - fell 4%.
I'm scalp long here. R:R isn't great, but I think it's just a panic.
Who is curious, transaction ID: cb1440c787d8a46977886405a34da89939e1b04907f567bf182ef27ce53a8d71
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
BSV, were the odds in our favor? Time to allocate a little bit.Bsv finally took a dive down. Now we can enter some positions if we like or we can wait for it to go lower. If I didn't already have positons in at $180, I would get in right now. With my current positions at $180, I think it would be good for me to accumulate, I did sell some of my positions at $215, it wasn't much but still accumulation. You're gonna win so much you're gonna get tired of winning, but not really.**
There is a possibility that BSV can go lower.
I wish Bsv can go back down to $150 but I'm not sure what's gonna happen next. In this case I'll enter 25% of my available funds into this price, if it goes lower I'll add another 25%. Eventually I'll be all in and hopefully I'll be at the bottom. I'll share and post what I do on here.
I hope you're all safe during this drop, waiting like a predator for their prey.
Happy trading all. I'll do a in depth analysis tomorrow.
Please do your own research and analysis before risking your money. To minimize risk always wait for a dip before deciding to invest or not.
Cheers ))
XRP descending trianglexrp was the worst investment in the last 2 years and i'm affraid this is going to continue because there is a big chance for bitcoin to surge really higher duo to halving and massive quantitative easing. with this triangle that is been plotted by xrp on XRPBTC chart it is likely that xrp will eventually break this level of support to the target of 1000 satoshies. but may be it is not going to, or the USD value of the coin will be around 20 cents and bitcoin will fly to moon causing XRPBTC pair to collapse. either way if XRPBTC breaks 2377 sats level it is better to move investments that are in XRP to Bitcoin. i believe XRP will moon eventually but after bitcoin, this cycle is likely will take more time than expected.
in conclusion i suggest to watch this level. some aggressive trader may like to risk some 5% of their capital to buy right now and put a stop loss below the support. anyhow it is obvious that XRP will not move in this region it should break this level to the up or down. between, is undecided.
LONG - BSV - Trading OpportunityFTX:BSVPERP has yet to make a move, even with BTC's pump along with all the other perpetual contracts along with it. This MA50 seems like the perfect opportunity to get in before the ride.
Entry: 193.52
Target 1: 210
Target 2: 220
SL: 184.59
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BTC/USDT POTENTIAL LONG ENTRY Price has broken through a key level resistance which is now support if held!
Current price is being held on the top trend line on the 4hr if it respects and does not get rejected by the weekly order block we could possibly miss this long opportunity for this entry.
- If we get rejected, $7076 is a entry point will be looking to get into a trade as we are still currently making structure and this will create a HL but price will still be in this wedge and i will be looking to possibly take profit at the bottom of the weekly order block if there is signs on rejection.
So we wait.
Classical chart pattern spotted on bitcoinThis is a massive high quality squeeze chart pattern. Given what is going on currently in the economy there is a high change bitcoin will do very well in 2020 and 2021. I do not know the exact length of wave E but lets hope its a big one :)
Thanks everyone!
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet
BITCOIN IS AT A CRITICAL POINT RIGHT NOW!Bears have the chance to show their strength and push the bulls off the cliff to $4800 levels. If bears fail, then this is very bullish and will likely send prices past $7600 and start the bull run. Either could play out in the short term.
My personal take is that the economy of which bitcoin is closely tied with is not doing so hot right now. The USA is the largest economy and it's in big trouble with the virus. So ya I'm bearish, but don't trade off this. I'm pretty high.