BCHSV BSV BitcoinSV RSI Topped out, sold for now lookingBitcoin Cash SV looks overbought on the 15 minute. Good place to buy is around 0.031 sats.
Bchsv
BCHSVUSD Bchsv has tripled in value over the last week, while almost all other cryptos were falling.
With a bounce in the other currencies we can expect continued market outperformance.
Points to watch are the uppermost parallel line which has acted as resistance before.
If price breaks through this and it becomes support then beware . This could be a spike high with rapid retracement.
Take profit
Target 1 :121
Target 2: 156
BCHSV Possible Cup & Handle FormationBCHSV did a very strong pump and 3x in 3 days. Now it can do some correction and possible Cup & Handle Formation. Not a trade advice.
BCHSV !250% profit potential! PARABOLIC RUN to 0.030What's up everyone! and especially my Crypto Fam! over on Facebook you all know who you are as we will continue to trade this market like a savage regardless of what happens. If you haven't joined my Crypto trading community yet i highly suggest you do as we are making daily gains consistently over and over again, and if you have requested to join or have sent me a message and haven't gotten back to you yet, please don't worry you will be accepted into the group ASAP.
LIKE AND FOLLOW
Quick Price Analysis on BCHSV
As you can see below BCHSV went from roughly around $40 a week ago to now actively trading between the price ranges of $70 - $80 in a matter of a week while between crashed it still managed to go up roughly 70%!!! On the chart above you will find 2 key supports as well as your RESISTANCE/SELL ZONE. It should easily reach its OVERALL RESISTANCE/SELL ZONE within i would say a week at most. Remember when a coin has a TOTAL SUPPLY of "21 million" it takes far LESS BUYER'S to bring the price up.
OVERVIEW/WHAT YOU NEED TO KNOW!
Target's!
1. 0.022
2. 0.025
3. 0.027
4. 0.030
Upon reaching its last "SHORT TERM" target within a week at 0.030 expect RETRACE down to 0.025-0.027 to then attempt to retest 0.030 resistance. I will keep you all UPDATED on this after we retrace within the next few days.
BCHSV/USDT 33% Gain TRADING STRATEGIC
Chart Analysis: 15M-1H-4H-1D
I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction.
Trade Management:
Trade entry: 92.00
Stop Loss: 90.00
Risk/Reward Ratio: 14.48
Target:
I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it.
Target: 120.00
BCHSV Binance Target Reached + Elliot Wave and moreIt has been impossible to update my ideas trough snapshots, which was ideally for me, but Last night I did a trade that I think it is worth to share
BINANCE:BCHSVUSDT
I have been following the crash of BTC, Alt-coins and BCHSV during this couple of week, I applied Elliott Waves Theory to have a better understanding of the big picture of the market. Im not an expert but recently I have been dedicated to learn Elliot Theory and this was the out come.
Trading plan:
-
Entry: 40.15-41.55 (Corrective Wave 2)
Stop Loss: 36.50 (Under 1rst Impulsive Wave ((1))
Take Profit: 63.8 ( in My opinion It has over extended but I happy with the outcome of the trade, not feeling that I miss out an opportunity)
AS everyone know BCHSV has been making double red digits during all the week, It was quite interesting, because even tho it was nasty to HOLD a bag of BCHSCV, However, it was very profitable to do trades under 5 min time frames, swings could vary between 2 to 7 %. It was very risky so you needed to have a good plan and understand when you should be getting out, mean know what are you doing. (I dont recommend it unless you are confident of your trading skills in that case go for it mate)
Timing the bottom (Price 37.50):
Timing the bottom it is always hard and not recommended, but since I have been trading this asset from Birth and I been having the time to familiarize with it. We have a Massive drop on BCHSV at 140 per coin to 51 per coin, It happened because it couldn't managed to break resistance Also we had a bearish divergence and not to Mention BTC was crashing, All this translate in a major down momentum by this time I didn't know that we were dealing with a 3rd Elliott Wave, which is the strongest and longest . During this time I was waiting in the sidelines, and I would jump in and out if i see an opportunity. I took this chance to learn Elliott Waves and knowing that we are in a wave 3 give me the perspective and advantage to precisely time the bottom using Elliot theory and Fibonacci retracement Tool. I Got as FINAL target for wave 5, 38 per coin, funny tho, I bought at 38.50 and I did panic sell at around 37.85! And then and ended up buying at the Entry previously mentioned.
If I used chart pattern techniques i probably would miss out this entries, I couldn't see a well define double bottom which is one of my favorites chart patterns, Yes we broke a major trend line but that does not mean that we bottom yet, you would need some sort of confirmation, however with Elliot wave + Fibonacci + Chart pattern and Candle Sticks formation. I could get a nice entry even tho I panic at the beginning. Guys Trust your trading plans.
Another quite interesting Pattern that I notice when I was counting Elliott wave for BTC was that every time we get a Double Bottom Pattern Elliott waves tend to change from corrective to impulsive waves (from 3 to 5) and it makes the whole sense now that i know but before it was quite a revelation.
Another Signal that I personally like to use to time the Bottom and tops was the Bullish and Bearish divergence, It shown as a yellow line, you can see that even tho we broke a new lows RSI did not follow to new lows and it same happen at what I considered Wave 5.
$BCHSV Parabolic movement idea - Quick tradeIve been watching BCHSV closely and I belive that if broken, a broken parabolic movement could lead to a 30%-80% fall, and by analyzing Fib retracement it would take to the yellow line zones. If the bull movement persists we might see a new high.
Nerd War One : BCHSV versus BCHABC for Blockchain's vision Fundamental and Technical Analysis on the Chart.
In addition visit BCHABC and look at the 4 hour RSI. 5 quick Elliot waves up, 5 quick Elliot waves coming down? These 2 are fighting over ownership of BCH many people forget that. Both chains do not matter they can afford a bubble pop.
Technical analysis suggest BCHSV would win the Hashwar.
(I don't give financial advice)
Very Interesting.... But Stupid
A discount on B-SV on Kraken...Some people might be interested... They seem to be doing things...
Giant blocks (the biggest ever) have been mined... They have made tests where they sent 2 GB blocks intercontinentaly too.
The SV camp does not look like they are going to stop the war till BCH is dead, they have been reorging lately I wonder what they are going to surprise us with next, and ABC of course was mostly mercenary hash and will die. I am sure one could short Bitcoin because if Bitmain joins the war they'll probably have to drop the price... Either that or SV wins I think.
So anyway, might be interesting to buy some while no one gives a crap / too dumb to comprehend what is going on.
Got some on Kraken where the price is 30% lower :D (You are welcome btw)
They only have a couple hundreds available thought, might be more later on.
Price might drop lower, ready to buy more if that happens...
High risk high reward. Reward outweight risk alot to 1.
BCHSV/USDT + TargetsBINANCE:BCHSVUSDT
TRADING PLAN
-METHODOLOGY/PSYCHOLOGY-
Chart Time frame: H1
Time frame: H4
Actions on -
A – Price rejection @ 54.00 or 48.00.
B – Beliefs: Market will be correcting itself toward 54.00 to 48.00 . This is due to a corrective wave after a complete 5 Elliott Waves(Related Idea), after that has formed a descending channel that would bounce until wave (E). I would be paying attention how it behaves around this levels.
C - Market Sentiment: Bearish.
D - Speculation: Very High on BCHSV, if you have been following BCH fork you know all the drama behind, I like that! Very Emotional Coin.
BCHSV
-TRADE MANAGEMENT-
Trade Entry:
Entry N1: @ 54.00
Stop Loss N2: @ 52.00
Or
Entry N2: @48.00
Stop Loss N2: @46.90
Target
Target 1: @63.17
Target 2: @67.94
Target 3: @75.35 Moon Shoot!
Risk/Reward Ration: 31.2
BCHSV possible correctionBCHSV has a beatiful resistance line and it did a 12345 elliot wave . if it break the resistance an ABC correction wave can be possible. It is very risky and not a trade advice.
BCHSV - Another 40-60% Capitulation Before the Bottom?Hey guys,
I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts:
Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy volatility. The BCH ticker will likely go, by default, to the BCHABC version. As a result, BCHSV will likely struggle to get widespread exchange access, and judging the current "influencers" behind the vision and mission of the asset, it will likely struggle to find many friends while getting relegated to the margins. That being said, this asset is being monopolized with relatively few significant market participants so anything can happen over the longer term.
From a technical perspective, we can see the fundamentals playing out on the chart and we now have a falling wedge pattern that has paved the way to capitulation. Currently we have strong support at $37, but if this breaks we could reach prices as low at $19.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
BCH fork action appended to pre-fork dataThe price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and meticulously lined up several key swing highs and swing lows so I could do some somewhat accurate analysis on the chart. In hindsight, I should have used a vertical line to make sure I didn't mess up the horizontal scale as I was adjusting the pre-fork data to fit correctly.
Personally, I'm bullish on BCHABC and bearish on BCHSV. If one considers the possibility of BCH technically being the original chain of bitcoin as NIST claims, in my opinion it's easy to understand why this fork was so important and why it seemed to have had such an impact on the crypto market as a whole. My bullishness on BTC in the short-term is currently somewhat dependent on BCHABC continuing to win the battle. To make the chart a lot more interesting, I've overlaid the individual prices of BCHABC and BCHSV. It will be quite interesting(to me) to see BCHABC at binance react to the TA from this chart...
Bitcoin's latest bear trap hit the downtrend line on my falling wedge perfectly, currently bouncing right off(see the related "personalized bitcoin index" chart and press play)...
Note: As with my related chart I just mentioned, in this version, I sacrifice accuracy of the volume indicator to get a slightly more accurate price reading, correcting the average price against any movement of USDT/USD at Kraken. In a couple weeks or so after Coinbase finally stops holding the coins hostage and the dust settles, I'll follow it up with another one with a more accurate volume indicator that will either disregard USDT pairs altogether or otherwise not worry about what happens with USDT.
Current formula: (BINANCE:BCHABCUSDT*KRAKEN:USDTUSD+BITFINEX:BABUSD+POLONIEX:BCHABCUSDC+BITSTAMP:BCHUSD)/4+(BITFINEX:BSVUSD+BINANCE:BCHSVUSDT*KRAKEN:USDTUSD+POLONIEX:BCHSVUSDC)/3
BCHSV - HOLDBINANCE:BCHSVUSDT
BCHSV Wave:
Wave 1 Extended
Wave 3 Normal
Wave 5 Normal
Lower Degree Failed Waves:
Fib Ext. on Higher Degree Wave:
Fib Time on Higher Degree Wave:
BCHSV - HOLD
-Watch for Higher Degree Wave Failure (<$78)
Target $207
Will update.
-AB
BTC selloff funding Hash War? This isn't really analysis, because all you can see is a dramatic selloff for no logical trading purpose. This is right after Dr. Wright, "Satoshi" or "Fake Satoshi," said he was going to fund his hash war against BCHABC by selling BTC for USD.
I see people look at the hashrate, then look at the market, and they say "HA! BCH ABC has already won." Wrong. BCH is using forced hash, borrowing hashing power from BTC.com (Miners mining Bitcoin). They are reliant on "forced hash," in which miners trust pool operators to direct mining to what's profitable, yet the pool miners are directing the hashpower to mining BCHABC which is mining at a loss. This means BCHABC is manipulating the market and stealing from miners. SOUNDS LIKE A SOLID LONG TERM PLAN.
Dr. Wright, of BCH SV, knows full well that his hashpower is mining at a loss, hence the "having to fund with BTC." His goal is to kill BCH ABC and make Bitmain, the near-monopoly on ASIC miners, bleed money trying to prop up the hashrate on BTCABC.
Advice? Short everything or get the hell out of the market until the hash war is over. If you think ADA or BAT or something else is cheap now, if BTC falls to $1000 or lower, Altcoins are going to be a bloodbath.
Or, this selloff has nothing to do with the Hash War and our kids are about to have a bad Xmas regardless.
The fall is not going to stop for nowWhether it is influenced by the hash war or the general market shakedown, BCH doesn't seem to have dealt with the changing situation successfully. The hash wars have depressed the BCH market price with it going ore than 28% down in the past week. Exchanges are adding to the confusion by granting BCHABC the BCH ticker. Just as prices are dropping, those holding BCH are uncertain of withdrawals, as well as whether they own the right type of asset. At this point, the hashrate competition, in which both chains produce regular 10-minute blocks, does not determine which network is valid or valuable. More on the topic here: cryptovest.com
BCHABC - Wave FailureBINANCE:BCHABCUSDT
BINANCE:BCHSVUSDT
ABC vs. SV since fork:
BCHABC:
BCHABC Failed Wave:
BCHABC Wave Down:
BCHABC - SELL
Target: $175-$140
Will update.
-AB
BCHABC & BCHSV, the first hoursHi guys !
As you know, yesteray there was the Bitoin Cash's Hardfork Now, tehre is two new coin, BCHABC and BCHSV.
For BCHABC, i'm seeing a potential cup and handle, let's see during the next hours is teh price break the resistance level or not.
For BCHSV, the price is now trading above MA 10 & 20, but i'm seing nothing really interesting at this time.
Let's watch the next days !