FA: Bitcoin Satoshi Vision is a hard fork of Bitcoin Cash, which is a hard fork of Bitcoin itself, all Proof of Work (POW) protocol.
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year and start looking like a bull-flag to me.
Few days ago it bounced on support which makes it a demand zone, and right now it looks oversold that's I'm expecting it will up.
Current Price= 0.017221
Buy Entry= 0.017250 - 0.016550
Take Profit= 0.021280 | 0.024520 | 0.028150
Stop Loss= 0.014710
Risk/Reward= 1:2 | 1:3.48 | 1:5.14
Expected Profit=25.92% | 45.09% | 66.57%
Possible Loss= -12.96%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year and start looking like a bull-flag to me.
Few days ago it bounced on support which makes it a demand zone, and right now it looks oversold that's I'm expecting it will up.
Current Price= 0.017221
Buy Entry= 0.017250 - 0.016550
Take Profit= 0.021280 | 0.024520 | 0.028150
Stop Loss= 0.014710
Risk/Reward= 1:2 | 1:3.48 | 1:5.14
Expected Profit=25.92% | 45.09% | 66.57%
Possible Loss= -12.96%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h
Trade active
All entries filled!Trade closed: target reached
TP1 was missed by 0.000002 BTC but I think we can count that as a success with +25.90% from average entry (129.50% using 5x margin leverage)I took some nice profit and will wait for higher targets!
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Related publications
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.