BSVBTC trade ideas
Hey crypto fam this is just my opinion!I am watching on BSV/BTC because it has a history of break out with the massive volume spike in very short time, after being corrections for longer time and I think it is the right and earliest time for us to get in to it. Let me know your thoughts fam
BSV/ETHThis will be a fascinating chart to watch long term.
Will DEFI migrate to BSV over the next few years?
ETH fees are about to go to $50-$100-$500 this year.
I don't really see BSV being ready for DEFI this year.
Maybe next bull run.
But the fee discussion will become center stage.
All low fee chains will get some possible action.
I think this bull run could see the final top for ETH.
We have about 4 years for the next bull run.
ETH 2.0 will not be ready. And BSV will have it's chance in 4 years.
ETH tops this cycle maybe $5,000 - $10,000.
If ETH gets to $5000, can you imagine the DEFI fees?
ETH fee will be $100. DEFI will be $400-$4000
Too bad BSV is not ready right now.
But I think this is the lowest point for this BSV/ETH ratio possibly.
Reversal PatternThis is a reversal pattern.
Volume looking very good.
Possible to start an incredibly bullish impulse wave from these levels.
BSV Bottom????It looks like we could possibly have a bottom here.
Megaphone pattern?
Looking good so far.
Quick ReminderFor those of you that are worried about BSV / BTC price.
Just look at how it compares to the other big coins.
Since the beginning of the BSV chart:
The pump in January 2020 was so big, that we are still coming down from it.
We are still outperforming the majority of the top coins vs BTC.
It may look like it's dropping straight down, but that's only because it went straight up.
All the other coins just slowly crept down vs BTC. But it's the same result.
Altcoins will get their time in the sun soon.
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On June 22, 2020 @ 1:37:15 in the video.
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Merry Christmas
Unknown TerritoryThis could be going anywhere.
Let's hope not too low.
Only possible stop I see is this trend line.
Altcoins will rise soon. Might look scary before that time.
But BSV / USD looks great.
Straight sideways correction.
Done WaitingI bought BSV in April 2019 for $60
I sold in January 2020 for $290
I have been waiting 11 months to buy back in.
I made the mistake of not buying during the March pandemic.
I was a little too greedy wanting lower prices.
I am comfortable buying BSV now around $150-$180.
I am confident that BTC will continue higher.
I will be buying either today or within a few days I imagine.
BSV is at the bottom in price of BTC. It can break down lower like BCH.
But I am betting on this area holding.
Now is the time. I will post a new chart when I buy.
I will also post a year end statement next year.
Looks like I made about $265,000 this year.
I started with about 1600 BSV and it looks like I will end with the same amount.
So I moved my entry price from 60 to 170ish?
Looks like taxes are going to be around 90,000.
See you on the other side.
Out of TimeBTC did not do what we expected.
BSV/BTC did.
Price entries are off the table at this point.
BTC will have another pullback. But it seems like it will only be 15-20%.
There will be no more pullbacks over 20% until we hit the top.
This must be all the wallstreet people. They are not used to 30-40% pullbacks, so they go all in every 10-15% pullback.
BSV/BTC is at the bottom now. There is no more time to wait. I am going all in on the next pullback of BTC.
BSV has literally gone sideways this entire time, so I have not missed out on any gains.
BTC Target around $20,000
BSV Target around $160
BSV / BTC CalculationsOk let's begin our final calculations before entry.
I do expect to be entering next week. 7-14 days.
BSV / BTC looks perfect for a test of 0.00800000
Let's call that the final target for our next set of calculations.
We will next move to BTC / USD and see where it is headed.
BSV / BTC : 0.008
Retest LowsWatch for BSV/BTC to retest or break the lows in the next 7-14 days.
I don't really care what it does. I am watching BTC / USD now for $14,000 to $12,000
BSV / BTC BottomI am officially calling long on BSV / BTC
I see volume and resistance forming at the bottom here.
I think it is fairly safe to say BSV / BTC will hold here.
Maybe a week or 2 lower, but we are good to go so far.
Now I think we can focus on BSV / USD.
Because BSV / BTC will not be dropping a huge amount the BTC / USD price will start to move very very closely with BTC / USD.
BSV Red AlertI am days away from buying.
Everyone on deck.
BSV and most alts are at the bottom.
Here comes the pullback.
Be ready.
1,000,000 satoshisWe are at a million satoshis.
This is an important level.
BCH broke to all time lows.
We cannot expect BSV to hold at all time lows when 99% of the people think BCH is actually a better project than BSV.
Time is getting closer.
Target is the bottomI am hoping that BSV / BTC breaks through this trend line to the downside.
If it slides along the trend line, it won't hit the bottom until June 2021.
I think I am shooting for a 0.00750000 target for BSV / BTC now.
Now this has really nothing to do with the BSV / USD price.
The reason for this is the price of BTC / USD is not constant.
I think the price of BTC / USD is irrelevant.
I think BSV / BTC has to go test the bottom.
I think no matter the price of BSV / USD. I will probably consider getting back in if BSV / BTC hits 0.00750000
Unless BTC / USD is in freefall at that point in time.
The one possibility is that BSV / BTC hits the bottom and holds. And at the same time BTC / USD is falling in a huge correction.
Then BSV / USD could be falling hard and BSV / BTC could go straight sideways. But that won't last very long. That will be a very short window.
I still expect the markets to continue down. It is Oct 30, 2020. Within 7 days there will be riots in the US.
100% chance of at least a few riots.
100% chance of people being shot by police / other rioters.
100% chance of people shooting police
100% chance we will not know who won the US election
100% chance there will be huge attempts at voter fraud
100% chance of more businesses being burnt down
0% chance of another stimulus being passed
0% chance of banks loaning out more money in the context of the above. Who the fuck would loan out money to people under these circumstances?
Some% chance of talk of succession of probably California, Oregon.
some crazy shit like that
While all this is going on, people are going to be spending their pay checks buying stocks, bitcoin? taking huge risks?
I don't see it happening.
Be patient. It's been like 10 months since I sold. BTC / USD has me slightly juicing. I've seen several bull runs, so I do feel the urge to be in.
And I am technically in. I still have 500 BSV I have never sold. I will continue holding USD with the rest hoping for a great opportunity.
What's another few months during the most chaotic presidential election in the history of the US? In a year of a global pandemic with police state lockdowns?
Still Waiting.
Put up or Shut Up for BSVThis chart shows a possible ending diagonal for BSVBTC. (or descending wedge for all you TA enthusiasts). What's more is we have a weekly (and monthly given today is the 1rst of November) closing candle below the lower trend line. Will there be follow through of a fake breakout. Ending diagonals usually end in fake break outs so this is a very low risk trade. One could buy here and get out if there is follow through. I posted a chart yesterday why I'm super bearish on BTC....could BSV actually flip BTC one day? This chart show the beginning of the flipening could be on its way soon. Trend is still down and only a break above 0.0180 (wave iv white) would be considered a change in trend.
Looks like a slow death hereEverything takes so much longer than you think.
I never thought we would go from march lows to all time highs in stock market.
This is dragging on until next year.
Chaos in the election.
Covid cases all time highs.
Possible panic lockdowns.
Uncertainty means volatility.
I actually think I may not buy until next year at this rate.
BTC is at a super high price. BSV hasn't moved an inch.
I still don't see BTC breaking 20k this year.
Unless we can get some nice riots going the first week of November.
Maybe that can take the market down faster. We will see.
BSV BreakingOk here we go. BTC $9000 scenario:
BTC is finally breaking it's trend. It is going to head to at least $9000 short term.
I see BSV/BTC moving to around 0.012, so lets say 0.013 to 0.012.
That will make BSVUSD worth about $117 to $99 in a week or two.
Get ready guys this is half the move I actually expect.
Tesla is breaking. Apple is breaking. The DXY is possibly reversing.
BTC $6000 scenario:
BSVBTC is an altcoin ratio. They always move with BTC so it will drop further.
Estimates currently for BSVBTC is the very bottom if BTC breaks to $6000.
So BSVBTC at 0.007 and BTC at $6000 makes BSVUSD worth about $42.
If you want to be a trader. You must have USD cash available to purchase at all of these levels.
You must always have USD and BSV. Never spend all of them. No matter the price you should be capable of buying or selling.
Think like a a commercial bank / hedge fund to become one. No matter where the market goes you will always have a move.
BSV whales are unable to dump .. nobody left to buy their bagsAccording to the BSV rich list 97.5% of all BSV wallet addresses hold less than 1 BSV, in total just 1.96% of BSV.
In plain English - few big accounts hold 98% of all BSV unable to dump it onto noobs. Because there are no noobs left willing to buy that scam coin.
BSV BreakingBSV did technically break the trend line, but I would like to see how the week ends.
If it's for real, this is just the beginning of the drop.
Let's wait for about 2 weeks to see if it goes back up or stays below.
