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BSVUSD

3-Day roller-coaster tripIt is a failed pump attempt that happened in Jan, where I am not surprised because the manipulator didn't follow the original fractal pattern by dropping BSV to the $100 zone first along with the BTC retracement and then making a single but huge pump. And now there are few things changed: 1. The upward breakout is valid, even if the pump attempt failed, which implies the $150 supporting line turns to long term, and the risk of going to $100 is very low; 2. The next high volatility time happening in April should bring an upward movement instead of downward, and similar in July; 3. The historical fractal pattern is no longer valid because it just made a lower spike high, so BSV would start to follow the alt-coin patterns instead of its own. This is actually good news to the long position holders because there is no way to repeat the time-wasting fractal pattern, so there would be multiple spikes happening this year. And the recommendation is to take long positions whenever the $150-$170 zone is touched again, as there is still plenty of room for BTC/ETH to retrace and drive down the market. Also, I just want to share my experience with drawing trend lines: 1. Only connecting the latest two high/low as the resistant/support line 2. Parallelism of the lines is very important. In my chart, the latest $325 high of the failed pump could be explained from parallelism 3. A triangle converge point always implies the next high volatility cycle, either a peak or a trough
BLong
by xiuluowan
16
BSV/USD Set For Take Off!?But how high will it go? I put three price targets that could be hit within this month. Based on BSV/USD past trend, I would see no reason why the minimum price target would not get hit. One of the questions I'm asking myself is, what happens IF we break trend going north? Could we see a $2,000 or $3,000 or maybe $5,000 BSV price this month or year? Technically speaking, it would be in price discovery mode. But this isn't the first time BSV has blasted through the ATH and only to find it trading much lower one year later. I think we could see higher prices than what many might think, and if we do see those price points, I still don't think the masses have started buying BSV. Seeing as how hard is to purchase BSV. Also, I think BSV has the potential to go much higher than many might think too. Have people considered all the BSV that hasn't been collected from the fork due to people either not caring about it or not knowing how to retrieve it from the fork? Same goes for BCH, and if they didn't collect their BCH, why would they collect their BSV? There's probably hundreds or thousands and potentially a million + of BSV that are either lost or people aren't going to ever collect due to them thinking it's a scam or they hate CSW and Calvin or whatever reason. Maybe they don't know how to collect their BSV from the fork? Anyway, who knows how high BSV can go and the time frame it can happen is anyone's guess. At the time of writing this, BSV is finding some support between $230 and $240 price and is trading between $250 and $260. Good Luck Everyone! Hope this helps and also makes sense, thanks for reading my thoughts : )
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by MrScalpers
12
Bitcoin SV (BSV) - January 11Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- You should watch for any movement that deviates from the 228.430-280.450 section. If you go down at 228.430, you need a short stop loss. If it falls from the 193.680 point, a Stop Loss is required to preserve profit and loss. A move above the 280.450 point and gaining support may lead to a move to break above the upward trend line (2). -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
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by readCrypto
2
$BSV Correction - It's Usually the 70.5% - Institutional TradingI normally wouldn't try to make a call on something like BSVUSD. But when the bearish order block just happens to align perfectly with the 70.5% retracement level, I have to say something about it. So don't get too excited, don't get the FOMO. Wait patiently for the correction to hit between 217 and 207 and that's when I would likely be entering the market. If it's institutional Money in the room they always give themselves a second chance at entering the market at a discounted price. and 70.5 is almost always the "go-to" discount. It also made near equal highs to the previous spike/swing high in 2020 of 325. (Chart here) Meaning when it reaches that point again there will be a lot of market liquidity, people shorting it or buy stops trying to run through it. It will run through it but only slightly to take out the shorters. Then a pull back just enough to take those that were putting in buy stops, expecting the bounce at the high, and it will go lower to take those retail traders out. Until we eventually hit another bullish order block and see the bull market continue. It will be funky, so be careful and know when to enter. Be dillligent as this evolves. Hopefully, this brings some insight into this price action. Be diligent and pay attention. Especially if you have an exchange that doesn't allow limit orders like Coinbase. Good Luck and Good Trading
BLong
by BodiesXWix
💡Don't miss the great buy opportunity in BSVUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (189.9400). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BitcoinSV/TetherUS is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 79. Take Profits: TP1= @ 258.9887 TP2= @ 293.8600 TP3= @ 323.9673 TP4= @ 379.5270 TP5= @ 448.7257 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLong
by ForecastCity_World
9
💡Don't miss the great buy opportunity in BSVUSDTTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (189.9400). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BitcoinSV/TetherUS is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 79. Take Profits: TP1= @ 258.9887 TP2= @ 293.8600 TP3= @ 323.9673 TP4= @ 379.5270 TP5= @ 448.7257 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BLong
by ForecastCity
7
Bitcoin SV (BSV) - January 6Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to make sure we can get support at 168.280 We have to watch for any flows that deviate from the downtrend line (4). If it falls from the 160.820 point, it is a short stop loss. To turn to an uptrend, you must deviate from the downtrend line (4). From the CCI-RC indicator, the CCI line is located below 0. You need to see if there is an upward break through 0 and an upward movement towards 100. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
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by readCrypto
Bitcoin SV (BSV) - December 28Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- With support at 168.280, it remains to be seen if it can break above the downtrend line (4). The rise is expected to begin as it breaks above the M-Signal line on the 1W chart. If it falls at the uptrend line (1) or at 160.820, it is a short-term Stop Loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
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by readCrypto
2
The most likely scenario about BSV next year The most volatile months could be April and July when the triangles are closing, but there is not enough time for BSV to pump twice historical-patterned retracement, as the entire crypto market bull run may end Dec'21. So I would expect a dump in Apr'21 and then a pump without big retracement starting Jul'21. I strongly believe the drop is the key to kill all bulls before the ultimate shooting up, but because of the timing limitation, I would lift my anticipation from 5.5x to 30x-50x ($3,000-$5,000). After reviewing altcoins' performance in 2017, I believe this is the most likely scenario.
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by xiuluowan
5
Bitcoin SV (BSV) - December 23Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if we can get support at the uptrend line (1) and break above the downtrend line (4). The volatility around December 24th (December 23-25) will have to watch for movements that deviate from the 160.820-193.680 range. If it falls from the uptrend line (1), it is a short-term Stop Loss. Along with BCH, this year it is one of the weaker coins. Coins that belong to the weaker side like this should make a box section to see if they move sideways. If the box section is formed to keep the sideways sideways steady, it can be said that there is a high possibility that good results will be obtained next year. However, you don't know when it will rise, so you need to set the ratio of your investment. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
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by readCrypto
1