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BSVUSDT trade ideas

BSV ANALYSIS There has been a sharp upward movement and this movement has ended from where we entered start on the chart and the correction has started from this point. It seems that our movement is a diametric. We have identified the first serious supply on the chart and it is expected that wave d will end in this range and then we will enter wave e. We specified the targets on the chart. We specified the invalidation level on the chart. Closing 1 daily candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
BITCOIN SV - Weekly Only If 99% Of People Knew...OKX:BSVUSDT is the dark horse of the 'crypto' market, with many calling it a scam, fraud and whatever else and this WILL be something I talk about in detail another time. Today, due to it being the 1st ever OKX:BSVUSDT analysis, i will keep this one short, sharp and sweet so we all have targets to focus on this week. Before i go into the intricacies of the multi-timeframe for OKX:BSVUSDT , it must be noted that whatever CME:BTC1! does, the WHOLE market tends to follow through, including $OKX:BSVUSDT. The difference with OKX:BSVUSDT and CME:BTC1! in terms of price action is whenever CME:BTC1! pump in price, we do not see a sudden increase unlike cryptocurrencies like CME:ETH1! $COINBASE:LTCUSD. It's tricky to spot but if you have been observing the scene for over one year religiously, you will notice that one of the Bitcoins will tend to frontrun the other, usually it being BITSTAMP:BTCUSD taking the lead. From the beginning of 2023 to the ending of 2023 has been an absolute rollercoaster with continuous bearish prices until the low was formed on Saturday 10th June 2023 @ $15.70. Imagine how many Bitcoin's you could've bought for $15!!?? From when the low was created, we have been on a steady incline to the upside, running on daily highs in early July before two monstrous bullish candles clocking in at 53.73% and 19.61% candle wiped out most short term traders and this realllly got the party started! Ever since then, we have witnessed a minor retracement (i meannn, in comparison of the 73% pump within 2 days) so the areas that i am looking out for is the bullish order block that is highlighted in red around the $90 region if CME:BTC1! is to run to $50,0000 - $52,000. Area highlighted in gold is the monthly timeframe and represents the bullish fair value gap created, which is being respected and acknowledged. If the lows of the monthly fair value gap is broken, there's a good chance the weekly fair value gap will be the next area short sellers are willing to draw on liquidity which is located between $35 - $44. I won't lie, i hope it does get down to that level because i ain't done buying! My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
by LegendSince
3
BSV Delisting Spurs Controversy and a Surprising BSV Price SurgeCoinbase Global Inc. has officially cut ties with Bitcoin SV ( AMEX:BSV ), announcing the immediate deprecation of support for the controversial cryptocurrency. The decision comes after months of warnings to users, urging them to withdraw their AMEX:BSV holdings. This move adds Coinbase to the growing list of cryptocurrency exchanges delisting underperforming or controversial tokens, a trend that has significantly impacted the industry in recent years. The Coinbase-BSV Saga: Coinbase's decision to sever its relationship with AMEX:BSV dates back to 2021 when the exchange delisted the token due to multiple protocol attacks and controversies surrounding Craig Wright, one of the self-proclaimed inventors of Bitcoin. However, the recent move is more than just a delisting; it's a complete withdrawal of support, leaving Coinbase users unable to access, withdraw, or deposit AMEX:BSV on the platform. Liquidation Concerns and Market Impact: The announcement has raised concerns among Coinbase users who failed to heed the earlier warnings. Any AMEX:BSV holdings that remained on the exchange after the cutoff date have been liquidated and converted to the market equivalent of another supported cryptocurrency. While users will receive the value of the new crypto, minus transaction costs, the unexpected conversion has sparked worries about potential taxation implications for those caught off guard. Delisting Trend in the Crypto Industry: The decision to delist struggling tokens is becoming a prominent trend in the cryptocurrency industry. Similar instances, such as the delisting of Ripple-associated coin XRP over three years ago, occurred due to regulatory hurdles against the coin. In XRP's case, the United States Securities and Exchange Commission (SEC) brought an enforcement action, labeling XRP as an unregistered security. This move triggered a domino effect as several major exchanges, including Coinbase and Binance, decided to remove XRP from their platforms. AMEX:BSV 's Resilience Amidst Delisting: Despite the delisting news, Bitcoin SV has shown unexpected resilience in the market, experiencing a 2.7% surge at the time of writing, reaching $72.74. This surprising price movement suggests that the delisting may not have a uniformly negative impact on AMEX:BSV 's community and market sentiment. Impact on Coinbase's User Base: The delisting of AMEX:BSV raises questions about the potential impact on Coinbase's user base. Some users may choose to migrate to other platforms where AMEX:BSV is still supported, potentially affecting Coinbase's market share. This move prompts a broader discussion about the delicate balance that cryptocurrency exchanges must maintain between ensuring user safety and navigating the volatile landscape of digital assets. Conclusion: Coinbase's bold decision to officially pull support for Bitcoin SV adds another chapter to the ongoing narrative of exchanges delisting underperforming or controversial tokens. The unexpected resilience of BSV's price amidst the delisting raises intriguing questions about the dynamics of community sentiment and market reactions.
Long
by DEXWireNews
Price Correction• Recently, BSV has formed a triangular pattern and successfully breached the upper edge. • Following a pullback, it has resumed growth, reaching a major resistance area, which coincides with the supply zone. • At present, we anticipate a price decline in the form of a correction, potentially extending to the bottom of the ascending trend line. • Subsequently, with the emergence of bullish patterns, we expect the primary trend to recommence. • The $43 price level serves as a significant major support. Should the price close below this threshold, the trend would likely turn bearish on a weekly timeframe. (All analyses will be updated) This analysis is informational, not financial advice.
by MonoCoinSignal
BSV Another Wave is ready. And awe Try to ride it**Fundamentals of Bitcoin SV (BSV)** Bitcoin SV (BSV) is a cryptocurrency that emerged from a hard fork of the Bitcoin Cash (BCH) blockchain in 2018. It is designed to adhere to the original vision of Bitcoin, as outlined in Satoshi Nakamoto's white paper, emphasizing scalability, stability, and data storage capabilities. **Key Features:** * **Scalability:** BSV utilizes a larger block size limit, allowing for more transactions to be processed per block, enhancing transaction throughput. * **Stability:** BSV maintains a relatively low transaction fees, ensuring affordability and stability for everyday transactions. * **Data Storage:** BSV's large block sizes can store more data, enabling applications that require significant data storage, such as e-commerce, supply chain management, and social media platforms. **Recent News:** * **Bitcoin SV Infrastructure Project:** BSV Infrastructure Foundation announced a project to develop a suite of decentralized applications and tools that leverage BSV's scalability and data storage capabilities. * **Blockchain-Powered Healthcare Solutions:** A healthcare provider in Singapore adopted BSV to develop a patient data management system, aiming to enhance data security and efficiency. * **BSV Adoption in Africa:** Businesses in Africa are exploring BSV for its potential to facilitate cross-border payments and support financial inclusion. **Disclaimer:** Investing in cryptocurrencies carries inherent risks. Cryptocurrency prices are volatile and subject to market fluctuations. Investors should conduct thorough research and carefully evaluate their risk tolerance before investing in any cryptocurrency, including BSV.
Long
by MoonTradingForecast
BSV, a little gem that could be worth a ton in the future!BSV is a hardfork of BTC worth looking at based on fundamentals and real-world use. BSV is the native cryptocurrency of Bitcoin Satoshi's Vision (BSV), sometimes called Bitcoin SV: a blockchain created in 2018 after a hard fork from the Bitcoin Cash blockchain, which in turn was a hard fork of the original Bitcoin blockchain. Bitcoin networks can only process transactions. Whereas the Bitcoin SV supports advanced applications like smart contracts and NFTs as well. Bitcoin's block size is 1MB whereas Bitcoin SV's block size is 1GB. Thus, Bitcoin SV can store more data in a block. Based on recent technicals, BSV is still at bargain levels from a couple of years ago. I have a strong feeling this will be a 4-digit coin soon when BTC becomes too overvalued that the market will seek out "valuable discounted" forks for growth. BSV will be at the frontline when that season comes. BSV registered its highest net positive volume this month -- first time since May 2021. A hint that a trend shift is about to materialize with significant price growth ahead. Spotted at 46.00 TAYOR. Safeguard funds always.
Long
by JSAL
1
Why Is Bitcoin SV (BSV) Price Soaring Today?The Bitcoin SV price has recovered by over 270% from its all-time low of $23.30 recorded in June this year. Bitcoin SV (BSV), a hard fork of the Bitcoin Cash (BCH) blockchain, has been extending unprecedented gains. The crypto witnessed a spike in price by over 65% at the time of writing. The surge could be a result of the overall positive market sentiment, however, there is still more to it. South Korean Traders Fuel Bitcoin SV Demand The Bitcoin SV price has been propelled by its unwavering demand in the crypto space. In the last 24 hours, the BSV trade volume skyrocketed by a whopping 615.98%, clocking trades worth over $612.40 million. However, the most notable development was that the demand was mostly fuelled by South Korean traders. According to CoinGecko statistics, Upbit, a leading crypto exchange in South Korea, accounted for $513.81 million worth of BSV trades in the past 24 hours. It holds a massive share of 67.25% in the trade volume. This implies that BSV has caught the interest of South Korean investors. Recently, South Korea decided to devise a crypto regulation framework to curb illegal activities in the domain. In addition, in a December 27 update, it was revealed that the country made it compulsory for public officials to report their crypto assets, making a significant move towards regulating the domain. These developments could have attracted investors’ attention since a regulated domain provides a sense of security. Bitcoin SV Price Today At press time, the BSV price had spiked by 65.97% as the crypto traded at $89.32 on Thursday, December 28, 2023. Furthermore, the AMEX:BSV market cap increased by 65.73% to $1.7 billion. The digital asset attained a new 52-week peak after attaining a high of $89.50 during today’s trading session. Moreover, the recent surge is noteworthy since the crypto has rebounded significantly from its all-time low of $23.30 recorded on June 10, 2013. Since then, the BSV price has surged by over 271%. In addition, the crypto locked in impressive 1-month returns, soaring over 120%. However, the current price is still quite lower than its all-time high achieved in 2021. The digital currency’s ATH was recorded at $491.64 in April 2021. This suggests that the crypto has lost over 82% in value after hitting the peak.
Long
by DEXWireNews