BSVUSDT trade ideas
BSVUSDT falling wedgeHi, everyone! Today we’ll take a look at BSVUSDT!
As you can see from the chart, the price has formed a falling wedge and is currently being traded at the edge of the resistance line in preparation for a breakout. I’m expecting a slight fall, followed by breakout and impulse growth. This is my personal opinion, not a call to action!
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BSV Up then down.Expecting a short pop up to break the recent highs, grab the liquidity for a push back down towards 152.
BSV Target $605 - $840i like the way that BSV has been moving within this fib trading range
last pump went to 1.382 extension of the range
presently holding above the 61.8 level
if the next pump went to 1.618 that would be $630
various fib projections which have produced the target area
wedge slowly closing, expected break to the upside due to:
Court cases
- Case involving 1,100,000 BTC BCH BSV likely to be dropped as the plaintiff Ira Kleiman does not have the grounds to sue on behalf of the trust.
coingeek.com
- 'Faketoshi' case, defendant Peter McCormack's lawyers have signalled he has given up after seeing evidence produced in discovery
coingeek.com
Fundamentals
- Teranode coming 2021, bringing terabyte-sized blocks and 50,000 TPS ending the scaling debate
- Enterprise deployment on-chain - Geospock and EHR Data
- Block TX fees bringing more income for miners than block reward in Q1 2021 as hinted by a large publicly listed miner Taal at the Coingeek conference
Fundamental news can easily change the behavior of charts:At this point in the Bitcoin SV currency chart, there should have been a divergence like in the previous period, but the bad fundamental news changed the trend and caused prices to fall, which we also saw in gold and oil prices, and the main reason is probably the re-outbreak of the Corona virus. Was.
✳️BitcoinSV/USDT (26/10) #BSV $BSV #BSVUSDTBSV has being gone sideways for almost 2 months and the 140-180$ range has been consolidating. Today BSV had a break out of this zone but was quickly denied back below 180$, however the selling pressure is quite weak so we can believe that BSV will continue to rise in the next few days.
The heading target is the 220$ zone. This zone is quite special since it is easy to form a right shoulder of a Head & Shoulders pattern and fall back to 140$ so I think we will sell out BSV in this zone.
Currently, we should buy as close to 165-170$ as possible and can buy more in the 140-150$ zone if a bad situation arises.
Stoploss if BSV falls out of the 140$ zone.
Note: the 190$ zone can be a hurdle that BSV will be quite difficult to overcome for the time being.
BSVBSV about to make a move to the $500 dollar region or more by December, we can see it making similar patterns in graph
BSV Price: +80% by the end of this year?Bitcoin SV seems to be recovering with the rest of the market. I expect the asset to hit $258 by the end of this year.
BSV Trend is still in playLast 4 times RSI bottomed out at 40 there was an explosion of price
298%, 70%, and 51% Bullish
Bullish divergence on the MFI
Bullish cross about to happen on Stoch RSI
Bullish 10 is over the 20 wma
Bearish price is below all moving averages
Bullish price has not made a lower low
Bullish trend is still in play, higher lows with a higher high printed this year
Bullish potential double bottom
BSV - BitcoinSV Triangl weekly patternThis ascending triangl is a bullish pattern, which is great - on the other side, weekly RSI is broken - that is bearish.
I would buy above 260 level, or you can try to catch a bottom with this ascending trend-line on the triangl. That is around 130 USD. But only investing, not recommended margin trading yet on this coin, it needs to develop a bullish trend first - currently, we are still ranging in this consolidation .
Is Craig Wright satoshi? As he said, he was part of the creation. And his knowledge about bitcoin is on tremendous level.
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Update Reversal trend downtrend of BSV in FibonacciIf you liked this idea please
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BSV for the future : Gann Daysi put this Gann on months ago and while it works nicely on the hour chart i thought it could be interesting to see how things pattern into the future
#BSV
