BSVUSDT trade ideas
What LuckI just realized something here.
BCH forked off of BSV nearly at the very bottom.
BSV might have the purest chart out of any major coin.
We started our chart at the very bottom of a gigantic bull run.
There is absolutely no limit to how high we can go.
We can barely go 2x from here and we will nearly break the ATH for the BSV chart.
BCH for example has that $5000 mark hanging above it's head.
So many people got burned on that move.
BSV has no move that burned people.
If you bought at $400, you didn't watch your account go down 95%
BSV is in a game of it's own this bull run.
There is nothing to compare it to.
No one will have any idea how to price it.
This is going to be wild.
BSVUSDT Trading Sideways but Slightly Bearish, Chart MappedI was asked to look at BSVUSDT, here is the chart.
This pair has been range-trading for a while, it is going sideways.
The yellow space keeps things sideways.
Above the first dashed magenta line, the bulls gain full control and additional bullish action is possible.
Below the first blue dashed low, the bears have the upper hand.
Right now prices are trading below all EMAs, including EMA10 and we also have a bearish candle yesterday, signaling that the bears are trying to jump in.
For the outlook to change from bearish to bullish, we would need to see BSVUSDT move above all the moving average lines, that would be the first strong signal... As long as prices remain below these (EMA10, EMA21, EMA50, MA200, etc.), we look for lower prices.
This is not financial advice.
Thanks a lot for reading.
Namaste.
BSV & changing my mind ! Hey traders,
since it doesn't have a clear motive wave since the development of the price...this scenario might suggest a current development of higher degree impulsive wave which the price now can explode at any time to make its wave 3.
breaking the support line might weaken this view.
good luck
BSVUSDT falling wedgeHi, everyone! Today we’ll take a look at BSVUSDT!
As you can see from the chart, the price has formed a falling wedge and is currently being traded at the edge of the resistance line in preparation for a breakout. I’m expecting a slight fall, followed by breakout and impulse growth. This is my personal opinion, not a call to action!
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