charts inverted btw. be patient to find a good entry
Lets see if this plays out. Just guessing to see where the chart pattern goes
BSV right now is moving sideways which i love, more reason to accumulate in this phase. Current support level is 150, resistance at 170 Prior to the 2021 bull run earlier this year BSV was stable at 180 support and 200 resistance and was in that range for the majority of last year. I do believe we will not see price below 150 this year. depending on BTC if...
I see 3 possible scenarios Blue line Yellow line Red line We are definitely going to pass $300 easy it looks like its itching to get past it!.
a bit of technical analysis and upcoming catalysts.
As you know we suffered a huge bloody day on Sunday 18th April due to catalyst of Turkey banning crypto as well as institutions using crypto for money laundering. We have bottomed out and is now at $300 USD at the time of this post. We will rip harder and faster past $500 in the next couple weeks there will be alot of FOMO. Catalysts in the pipline in the next...
BSV has struggled to stay above key resistance level at 270. Here is my insight and my position i have taken
BSV Technical Analysis - Welcome to BitcoinSV I am BSV fan and I love the technology behind BitcoinSV
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BSV Pump - Support and Resistance
If you are not in a position I recommend to keep watch,
BSV will look to either climb steady to around 260 area while also moving sideways (accumulation phase) if the pump does not happen this weekend, I am pretty confident we will see a surge next week or the week after. Please let me know your thoughts.
This weekend I am looking forward for this pump BTC is setup primed for the next leg upwards BSV should follow. Chart looks primed Need to beat resistance $220 $260 $300 and support needs to hold $180 $160 Good R/R setup
Today we saw a surge from 190s to 210s I believe that is the smart money moving in for the real pump later this week.
we just tested $220 level and got rejected looking for another test and I believe we will surpass this level. which will become our new support. let me know your thoughts in the comments below
Key areas of resistance $220 $260 if we push through these levels will be up at $300 + again
BSV - will move sideways for a while and may go as low as $120 imo all depends on the price action of BTC. Watch key support and resistance levels.