BSV/USD - FLY OR DIE?
Updated
Sell signal came in for BSV. Some say it's the future. Some say it's a scam.
I say that it is following the same path as BTC, wherever that will be. When BTC goes down, so does BSV. When BTC just made a small leg down, BSV followed.
Looking at this descending channel, we can see the previous leap up happened where the candles where slamming against the resistance, until it broke through with an epic rise.
Now, it's doing the same thing but in reverse. So while I've been cautious all day... it looks to me like this thing is going to eventually pop.
But, this market is probably 99% fake and volume is low. So be careful out there. There is still a likely pump at any time to the top of the channel, you know. Just because they can.
What's better than fiat currency that devalues when you print it over and over?
Cryptocurrency of course. Invent a coin and let the people fight to own it.
The bankers dream... All you need is a few people to blackmail and a back story... Money in the bag.
I say that it is following the same path as BTC, wherever that will be. When BTC goes down, so does BSV. When BTC just made a small leg down, BSV followed.
Looking at this descending channel, we can see the previous leap up happened where the candles where slamming against the resistance, until it broke through with an epic rise.
Now, it's doing the same thing but in reverse. So while I've been cautious all day... it looks to me like this thing is going to eventually pop.
But, this market is probably 99% fake and volume is low. So be careful out there. There is still a likely pump at any time to the top of the channel, you know. Just because they can.
What's better than fiat currency that devalues when you print it over and over?
Cryptocurrency of course. Invent a coin and let the people fight to own it.
The bankers dream... All you need is a few people to blackmail and a back story... Money in the bag.
Note
Possible fractal i'm seeing from December 2018:Note
Hit the top of both a downward channel and an upward channel (as indicated by the green and red trend lines).It's not probably going to hold here, but I expect some more upside over the next 2 or 3 days.
Note
Crazy prediction time. BSV had some fun. Next I'm looking at a huge dump back into the channel, and resume down trend. No TA to back this up, just looking at the market and where I think it is headed.
Note
Back in to the channel boys and girls
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