BSV/USD Looks So Good on a Line Chart!I previously posted a monthly chart of BSV with kind of a negative outlook. I have been dabbling around with line charts lately...you know...because they say don't use line charts in your trading!
So maybe there's something to the line chart that most people are pointed away from?
Anyway, this looks so beautiful to me! So clean. Don't you think so?
I don't need to do any explaining on this chart...that's the beauty of this.
For the long term traders out there, I want to encourage you to use line graphs to help see patterns and things that might keep you in a trade longer. Or take you out of a trade sooner.
I don't know if follows really matter on trading view but give me a follow, I'm on twitter too!
BSVUSD
Did BSV/USD Break Trend?Transparency: I own a decent amount of BSV! I use Twetch occasionally and looking forward to more things that will be built on this blockchain.
The technical opinion is below the line in the post.
I think it goes without saying that BSV/USD is not an asset that can be traded like other crypto assets. I am of the opinion that BSV was highly manipulated around the time that CoinGeek held their conferences, I'm not complaining, just something I notices.
But a pump didn't happen around the time of the last CoinGeek event, well, not a very big pump at least! Was it due to Covid? Perhaps, or maybe the pumpers didn't think it was worth pumping around that time because there wasn't going to be an audience at CoinGeek...who know.
So, what can we do with this crypto asset at the levels it's trading at now? Under performing what everyone that bought into the hype thought would be an amazing over performer.
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I'm showing a chart of the one month candle, which to me, cut's out all the irrelevant noise. Because, if you think about it, that's all it is, especially with this asset.
I pulled a line from the low of the first candle wick and connected it to the bottoms of the two rocket ship candles.
I know what you're thinking...why didn't I connect the line to all the low wicks? To show different perspective...that's all.
I notices that if the month of December's candle closes below this line, we may have broken a long term trend!
Does this really matter if the candle closes below this line...the more I think about it...the more I tell myself...no! To be honest, this is the one crypto I can't trade, even when it pumps hard.
To me, this is a fundamental play. So, since I saw value at $240, why wouldn't I see value at $150 or $130? Even after it breaks trend?
BSV isn't listed on many exchanges, Bitfinex, Bitrex, and Robinhood. There's probably a few more but that's not very many.
It can be manipulated pretty easily I'm sure!
I don't think BSV will start trading like a normal asset until they prove to the crypto world that they are what they say they are...Bitcoin.
What I find interesting though, is that Robinhood will allow BSV to be traded on their exchange. Can anyone leave a comment as to why that is?
I'm mean, BSV was branded as the "Scam Coin", why would robinhood allow a scam coin? Food for thought.
Leave a comment, let me know what you think.
This was a lot of rambling but I don't get to discus crypto with anyone so might as well talk to my keyboard : )
Don't miss the bsv buy opportunity at 172<You can buy the bsv on 172$ and sell it on near 200$ at least and the next target is 210 till 450!
BSV is approaching to short positionThe long term trend for BSV is moving down since Jan'20, and its most recent high is around 217, so the best short position for BSV is around 203-208 when it is about to touch the trend line again, targeting 155, just slightly above the supporting trendline.
BSV IdeaJust a quick TA about what I think is about to happen soon.
Sorry for "non-professional" TA but I've never used Tradingview before and I thought imma give it a quick try
BSV/BTC is at 0,008 mark and I am certain it won't stay there long and this move will be quick as hell like BSV used to do.
Target 750-820$
I think it will still happen in 2020 if btc remains stable for a little while.
Cheers.
P.S.
5,08$ and 5,94$ shouldn't have $ sign.
Bitcoin SV (BSV) - December 16Good morning?
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.
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We need to see if it can rise along the uptrend line (1).
You need to make sure you get support at 168.280.
If it can rise above the M-Signal line on the 1W chart, further gains are expected.
Breaking off the downtrend line (4), if it could rise above the 193.680 point, it is expected that the upside would begin to rise above the 280.450 point.
If you fall at the uptrend line (1) or at 160.820, you need a Stop Loss to preserve profit or loss.
However, if the price is maintained above the downtrend line (3), a rebound may occur, so careful trading is necessary.
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** 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.
** 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.)
Bitcoin SV (BSV) - December 12Hello?
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.
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You need to see if you can get support at 160.820 or at the uptrend line (1).
If supported in section A, it is expected that there will be a move to climb above 193.680 points.
However, if it goes down, you can touch 106.420 points, so you need to trade carefully.
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** 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.)
BSV Breakout, LONGMACD (12, 26), Momentum (10), RSI , and Moving Averages indicate a nice go at it! Strong-buy.
Bitcoin SV (BSV) - December 7Hello?
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.
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We must see if we can ascend above 193.680 points.
If it falls from the 146.0 point, a Stop Loss is needed to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** 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.)
The Wright Bitcoin !-Are you a believer ? -
Sure
BSV is the true bitcoin...
.
. Cycle
. Coin
.Becareful its dumping fast
.
If we going to 745$
ps : Log chart
BSV Heads and Shouldersmore bearish patterns than bullish. Heads and Shoulders inside a descending triangle. Pray for the hodlers for an upward breakout.
Bitcoin SV (BSV) - November 15Hello?
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 it can rise along the uptrend line (1).
You also need to see if you can rise above the 160.820 point and break off the downtrend line (3).
If it is supported at 160.820, it is expected to rise above 193.680.
If it falls from the uptrend line (1), it is a short-term Stop Loss.
-------------------------------------------------- -------------------------------------------
** 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 must trade from a short-term investment perspective.)
BSV / BTC Main trend. Channel. Fractal. Past idea + 1760%BSV / BTC The main trend of this coin is upward. This makes for great money. They work on the pump / reset principle in the range of a huge ascending channel with a step of 380%. Coin "Black PR". Liquidity is acceptable for trading large amounts of money. Pay attention to the levels. It's all about the little things and the logic.
I would advise to open a long position not from the bottom of the channel, but on a breakout / pullback (it may not be) after the breakdown of the secondary trend line (purple). The reason is very simple, it is better to buy a little more expensive, but with a high degree of probability an uptrend will develop.
The previous idea for this coin gave a manipulation profit of + 1760%. But in a BSV / BTC pair.
It is clear that I did not earn + 1760%. The last orders were sold in the + 300% zone from the entry point.
I have previously described in the trading idea that this manipulation will occur, but I did not expect the momentum to be almost + 2000%!
BSV Coin operation. Cheating movements. Pivot points.
+ 1760%
All targets are closed, the last targets are + 300%
BSVUSDBSVUSD
Purchase in the area 175.5 - 162
1 - 189
2 - 203
3 - 222
Stop, fixing below 157
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Waiting for your comment, what do you think about this?
#BSVUSD 12hrs Chart#BSV - Trade continues is this parallel channel, it is beautiful. Price of $BSV at accumulation mode for a very long time now. Get ready, got the feeling that $BSV will start showing some strong green candles 🚀
BitcoinSV (BSV) Range and Breakout ASAPBSV is setting up for its 3rd major breakout and will reach new all time highs before settling back within the range. BitcoinSV is the original Bitcoin and Bitcoin Core and Bitcoin Cash are forks.
Breakout Brewing for Bitcoin SV!BITFINEX:BSVUSD
As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC.
This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these.
Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov 2018 - May 2019, the second June 2019 - Dec 2019 and the third Feb 2020- Oct 2020.
After every downtrend in BSV , a breakout of + 350% followed, in both cases with a duration of 60 days and marking a maximum in historical volatility (HV) as seen in the graph.
Currently we are in exactly the same conditions as in the base of the previous explosions, both in chart patterns and in volatility and trend indices, the cyclical trend of the currency being quite self explanatory.
I would not recommend entering long right away from the bottom of the channel, but long from the break of downward strtucture plotted as a blue descending line. The reason is to minimize risk in order to use leverage or greater position size, instead of hoping for the best by seting a -20% SL. It just makes more sense.
Movements of this magnitude could be catalyzed by the movements of other coins such as Litecoin and Etherum, which in the past have already shown to have a greater correlation with this pair than the giant Bitcoin ( BTC ).
Trade at your own risk. This is not financial advice.