Scam BSV Coin operation. Cheating movements. Pivot points. Made deceitful movements. We have broken down the previous trend. The price has fixed above the line of the previous downtrend. They showed a trend reversal. Then the impulse raised the price by + 45% and began to draw a symmetrical triangle, which supposedly should have been a pennant, with the goal of + 45%. But note the volume at the price increase was not! In general, the trading volume is zero, this scam is not interesting to anyone except the creators themselves. Pulses of flags and pennants are always accompanied by a large volume in comparison with conventional trading.
A symmetrical triangle has been pierced down, now they will redraw it into the flag canvas (downward small channel). If in the fake flag canvas the support will not withstand the pressure of sellers, and the price will break this formation down. Then trade in a downtrend in a potential downtrend channel. I showed all pivot points on the chart.
It is also worth noting, given that there is no volume and this scam is not interesting to anyone, developers can draw anything, including bullish movements to attract people, due to poor liquidity and the lack of a large crowd presence. Here are two interesting potential entry points:
1) entry from the bottom of the potential downward channel upon confirmation of support, price zone 0.010-0.011 in the short term. Take the movement in the channel about + 30%.
2) the entrance is above the downtrend line (red line, the upper border of the downtrend) when the price has fixed above it. The price zone is 0.015 in the near future if there is a price return, or lower in the long term, the main thing is that the price fixes above the downtrend.
All potential targets and pivot points are shown on the chart.
SCAM
Crypto bull calls: A running gag. Part 2. PROVES BTC IS A PONZI.Hey Hey hey! Back already with another post to show you the HYPOCRISY of crypto authors on trading view and twitter, and crypto bulls in general.
The STUPIDITY , the BAD FAITH , the DISHONESTY , the LIES .
They only want 1 thing: and that is for you to buy their bags.
When I was actively shorting Bitcoin they said "don't listen, he has a conflict of interest".
When I quit BTC to be neutral they said "don't listen, if he really believed that he would be short with everything he has".
Disgusting liars.
You might know them for all the fractals to show the price would go up. I don't think I have to demonstrate that.
And when there is a big fractal that is impossible to miss showing the price will go down, do they post this? NEVER.
I have several post showing you the fraud that are the BTC promoters.
If Bitcoin is not a ponzi scheme, then I do not know what it is.
I warned you since early March 2018 BTC was a ponzi scheme, and not to get baited.
The price was $11,000 then. It fell down to 3000.
You had some upside, price went to 13900 (78.6% retrace), but that is one terrible risk reward.
I do not think you will get to see 11k or more ever again.
For short term speculators like me, if I were to trade this, it will be the exact same way I did back in April 2019:
About that 3 times faster, check other similar cases:
Sugar, went up quite fast, down a little slower.
Nokia, visually went up slow, down fast.
I will also show something, that I have now been showing for years. And I think this is very important.
Angles of the uptrends are getting weaker and weaker.
Angles of the downtrends remain the same.
You have 1 month, maybe 2, before the price returns to 3k. A final dead cat bounce, and then BTC will fall below 3k, and it will be over.
2019 Bubble is bursting. Your dreams of lambos are over. All BTC retail bulls have been doing is letting the promoters dump on them.
Bitcoin is a ponzi scheme. It's over.
MGI ......MoonGramInterplanetaryHYPE. buy long term options and hodl this beast. Index fund bubble expanding. Market and FANGS PUMPED by DUMBASS GIVE ME 3 % return money. There is no value investing. Please see Dr. Micheal Blurry's startling revaluation.