The price movement approaching the resistance area with decreasing liquidity indicates a reduced enthusiasm of market participants to buy. This is also supported by the decreased concerns caused by the Silicon Valley Bank & Signature Bank incident. Therefore, it can be concluded to prepare for a selling position.
If the trend changes from here, expect an inverse and a long bull market in the making for this one Thanks and take care
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BSV was extremely volatile between 2019 - 2021. But starting in June of 2021 until today, volume and volatility really dwindled throughout the bear market. However over the past 6-8 months, volume has picked up and the price is slowly breaking out of an 18month falling wedge. Cue volatility! One piece of news that you cannot see in this chart is that Robinhood...
If this breaks to the upside hold on to your horses. It could also crash so trade with cautious
If we can reclaim the range low here. Do I see the possibility to suck up Range EQ
previews chart BSV/USDT short Entry Range: $44.50 - 46 Price Target 1: $41 Price Target 2: $38 Price Target 3: $35 Stop Loss: $51
Looking really beautiful folks i’m smelling a short squeeze here and an epic rally and possibly a new shift trend for BSV Could go to unexpected levels so trade cautiously Thanks and take care
We know how the whole Bitcoin Cash is going to take over Bitcoin sage ended... We don't know who owns what, whos winning or whos losing. We support cryptocurrency, we like the concept, the idea, the innovation, the freedom it gives and also the alternative that it is. More cryptocurrencies is better for us. More Altcoins is good for us, for the end-user, those...
If the selling pressure increases, the price reduction can continue until the previous floor is 36.4 to 37.9 dollars. If Bitcoin misses its previous low in the $15,500 range, BSV could break its support to at least the midline of the main descending channel, the $32-$30 range. It's minor resistance in the range of $40.4 to $41.4.
We have a stop-loss hunt event on the BSVUSDT (BCHSV) chart. This can also be called a fake breakdown. The market manipulators move the price to where most of the stop-loss are placed. After the stop-loss are activated a fast recovery take place. That's why we use a manual stop-loss. To avoid being caught in this type of move. The cryptocurrency market is...
I am very bullish on BitcoinSV. (True Bitcoin) I see a very similar situation as GameStop before a huge pump! GameStop had a great deal of short sellers so buyers took advantage of this and pumped the market. BitcoinSV has exactly the same market condition's as GameStop before the pump. I see Prices going far above its ATH when this pump occurs. A whole bear...
Do not trust these bear rallies. BCH is on a heavy decline and isn’t being used as people like Rog may make you believe. Target is 16$ then eventually 2$ Thanks and take care
BSV chart won’t exist in the future imo. There will be a rebrand “Bitcoin” ruled by a court order and a fresh chart for it. Price discovery will happen obviously at launch. Number could be anywhere from $5000 to $40,000 depending on the fomo and the craze behind it. Thanks for playing.
A long term pattern (rounded top) on BSV has emerged This pattern breaks to the upside once completed which I have indicated with the double curve pushing past the past ATH Price right now is near its ATL
Inverted Cup and Handle can viewed as a possible bearish view This will lead to further downward movement for BSV
Legally we already know that Dr. Craig Wright is the creator of Bitcoin but the cryptocurrency market is o BITFINEX:BSVUSD n denial stage, when BTC falls to 14k the full potential of Nakamoto's Vision will be unlocked. It will only be the first wave of adoption, I feel like 2010.
Bitcoin SV (BSVBTC) is likely to have completed its correction based on the volume profile. We can see high volume on the "B wave" while volume is much lower on "C wave". The fact that BSVBTC dropped by 97% and there is a strong long-term bullish divergence with the RSI also supports our statement above... Only time wil tell of course. We have a short-term...