Getting CloseI think I am at a point here where I might have to make a decision soon.
If the ratio holds here, we can still see our drop and it will all align.
BTC could drop by 50% to $6000 area.
BSV could drop to $100 area.
BSV/BTC could hold here at this trend line.
These things could all happen.
BSVBTC trade ideas
NeutralI'm switching from bearish to neutral now.
Thinking about possibly getting back in.
Going to start looking at all the altcoin charts.
I don't think this is a long term move, but could be a big short term move.
All markets, gold, silver going to make new highs possibly.
Watching Line AgainNow we will see if this trend holds.
I believe this is our final down move if it comes hard.
Delayed by insane dumb poor people buying at the top.
BSV flippening of BCH soon?!Usually we see the BSV/BTC pair 'pump and dump'ing. - But we are witnessing a retest of a falling wedge right now. - It might be the beginning of an (long term) uptrend here. - Considering the positive news that Binance (better said: Users that use Binances mining pool) began to mine BSV quiet extensively. (~13% of all BSV hash rate as of today).
With Binances hash rate, BSV began to surpass BCH in the total amount hash rate.
There are 2 variables left for me to really flip BCH in today's metrics. - Amount of mining nodes and block length (BCH is only 220 Blocks ahead.)
Which means BSV is undervalued and a long position could be considered here.
Trend Line In DangerBTC is currently still around $9200 and going sideways.
Yet we are already at this trend line.
I have a feeling BSV is going much lower than anticipated.
I don't see this trend line holding if BTC drops in value.
That means BSV will be harder to guess.
Let's watch this trend line closely.
BSV/BTC 1D (KuCoin) Bounced on descending channel supportFA: Bitcoin Satoshi Vision is a hard fork of Bitcoin Cash, which is a hard fork of Bitcoin itself, all Proof of Work (POW) protocol.
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year and start looking like a bull-flag to me.
Few days ago it bounced on support which makes it a demand zone, and right now it looks oversold that's I'm expecting it will up.
Current Price= 0.017221
Buy Entry= 0.017250 - 0.016550
Take Profit= 0.021280 | 0.024520 | 0.028150
Stop Loss= 0.014710
Risk/Reward= 1:2 | 1:3.48 | 1:5.14
Expected Profit=25.92% | 45.09% | 66.57%
Possible Loss= -12.96%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
BSV no changeWe are headed in a straight line to the bottom.
You have about 30 days to prepare yourself.
I expect BTC and BSV to find a long term bottom around mid June.
BSV moving as expectedBSV is moving as predicted. Very strange. If it does not have a strong correction, we could possibly be targeting the trend line exactly on the BTC halving.
If BSV is your goal, you need to start preparing. This is coming within a month I think.
I am now expecting to be making my buys within 30 days.
Get your money ready. If I get the dump I am looking for, I will start charting more and more.
I will start moving to lower timeframes as my target prices approach.
I am starting to get a little juiced up here.
BTC possibly reversing. World markets possibly reversing.
One more down?
BSV is the objectiveI know I chart a lot of BTC, but the only coin worth buying is really BSV.
BTC hit a bottom at $3000 and started a move to $14000.
BSVUSD sat at $65 for a long time and barely went to $50 on the delist news.
BSVBTC was falling for most of the BTC rally.
I am preparing for this again. BSVBTC has still not corrected enough for me.
Even if BTC starts a rally from this point and breaks $8000 and $10,000 and keeps going,
I see BSVBTC possibly taking a hit down to trend line.
I'm seeing $80-$100 BSV as a great spot to buy if BTC does not retest $4000
If BTC breaks down, I expect BSV will go even lower $30-$50.
And as always, I still hold my emergency BSV just in case I am wrong.
I still have 25% to keep selling half at $600, $1200, $2400, $4800.
Not buying yetI feel sorry for those of you that held and didn't take profits at $300-400 or even worse for those of you that bought new positions.
BTC is making new lows. I am not buying any time soon. We need to see a flat bottom.
World markets are going to go lower than anyone thought possible. BTC could even go to $3000 or lower.
Don't try to make quick plays. Now is the time to wait for a nice flat bottom for a few weeks.
We may see a short term pop up in the markets. I will not be trying to play this move. Too dangerous.
I was prepared for BSV to hit $100 without this corona virus. And without BTC making a new low.
Now I am preparing for BSV to $50 or possibly $25. This is going to destroy countries. I'm not sure how crypto will do. Let's wait and see. Don't buy now.
HmmmmWould you look at that. It's not going straight to $1,000,000.
I'm confused. Everyone told me different.
Still WaitingI think BTC might top out around 10k. And we will see a huge drop in everything else including BSV.
Let's see what happens.
Don't ForgetLet's not forget what happened in June.
BSVBTC did not continue upward, but BSVUSD did.
I can see the same divergence starting right now.
Pay attention to BSVBTC. We cannot hit new highs if it does not follow.
Not TradingThis could easily go either way. The easy trades are done for now.
I'll sell if it rises and buy if it drops.
BSV pumped for the next 6 mths dumpIsn't it obvious ... they withheld 1 week's worth of newly mined coins, pumped it with wash trading ... ready to dump their bags over the next 6 months ...
Short term reversal, possible ascending triangleHigh weekly RSI
Resistance trendline at 0.024
The 4h chart shows lower RSI on the peak to 0.024 than on 0.020
The range of 0.010 to 0.015 has gone through a 6 month accumulation phase and is now turning into steady support
