BSVUSDT trade ideas
BSV Needs To Break ~$267 For the last couple of months ~$267 has proven to be a key level for BSV. The previous local tops in early April, mid-February, and early January all failed to close above that level and hold it. Over the last few days we've been increasingly pushing up against it but still, it fails to hold.
To break and stay above it will require a High Volatility Funnel (HVF) on a larger time frame. I think that's exactly what is happening right now. The price just tagged the 0.618 fib level at ~$254 and is going back up. I think we will likely see it temporarily break the blue line at $267 and come back down to the yellow trend line before decisively breaking out. However, it is possible it'll just break out from here.
I'll consider this idea invalidated if we break below the 0.65 fib level.
BSV MID TERM IDEAHello, we are still in the bullish trend, the trajectory of the move is not yet threatened, in my opinion you can confidently enter because another micro cycle has begun.
T1: 250-280
T2: 360-490
BSV Correction Then Moon Expecting BSV to fall between 0.618 and 0.65 fib levels as BTC does the same. I'd be a buyer between $203 and $207.
BSV High Volatility Funnel 15m BSV volatility decreasing since this morning. Expecting a major swing to the upside by tomorrow morning.
BSV Massive left shoulder BSV has been significantly underperforming most of the major alt coins and BTC for the last several months. High volatility funnel over the last couple of months and the geometry of the price action over the last year indicates to me that a major move up is imminent for BSV.
The shark scenario 3-4 wave=0.38 2-3 wave
4-5 wave=1.6 3-4 wave
AB=1.6 4-5 wave
BC=0.38 AB
CD=2.24 4-5 wave
Bitcoin SV// UpdateHowever not greatly surprised, the literal exact inverse of what I expected to happen....happened.
Price tested the long term uptrend as a result of the drop in BTC and is finding support around 200.
Price has found support on the midline of the butterfly formation. Didn't enter on the short, but I will look to catch the long.
Check comments for prev . analysis.
Bitcoin SV // Symmetrical TrianglePrice has currently showed us a symmetrical triangle with higher lows and lower highs. we've had a break of the triangle and now can monitor price action for an opportunity to continue the trend.
bvs setting up to me it looks like its about to breakout, in case it breaks down, rebuy at lower level;
Are you ready for a cruise?We swim forward slowly on the waves and reach three precious destinations. You have to be patient and enjoy the path.
BSVUSDAfter being stuck in this consolidation pattern for almost 2 years BSV attempting to breakout here and following BCH to break key weekly structure
short-sellers leave the position nowBSV delisted from many brokerages but the time is near that Craig Wright pumps it to the moon.
Awful fundamental but have the best technical
