Put up or Shut Up for BSV
This chart shows a possible ending diagonal for BSVBTC. (or descending wedge for all you TA enthusiasts). What's more is we have a weekly (and monthly given today is the 1rst of November) closing candle below the lower trend line. Will there be follow through of a fake breakout. Ending diagonals usually end in fake break outs so this is a very low risk trade. One could buy here and get out if there is follow through. I posted a chart yesterday why I'm super bearish on BTC....could BSV actually flip BTC one day? This chart show the beginning of the flipening could be on its way soon. Trend is still down and only a break above 0.0180 (wave iv white) would be considered a change in trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.