BSVUSDT trade ideas
BSVUSDT is moving inside a descending wedgeBSVUSDT is clearly in a trading range as it touched an important support zone in weekly timeframe it started a bullish movement.
Now in daily timeframe it is moving inside a descending wedge and it is close to resistence trendline. if BSV breaks out the wedge it can continue its bullish movement at least up to 190 and even more, otherwise we can expect another low as there are two resistences around 100 dollar first is daily bearish trendline and the second is weekly resistence level around 105 dollar. So there is a sell opportunity for BSV in this price (100$) without a good risk/reward, I'm looking for a breakout to go long and if it doesn't breaks I won't take the sell. wait for the confirmation bullish candle with average volume then enter in a pullback.
BSV pamp itwhy not?
BSV is heavily shorted, when the pressure is released (or overcome) there are wild spikes to the upside. I think the next one breaks thru the final resistance red line and hits the 1.0 maybe even extending to the 1.618 fib extension before being obnce again hammered down possibly even below the wave 1
BSV to $8,000.00I think these large shorts are suppressing BSV price discovery and invalidating wave counts.
Ive just followed long-standing lines of support and sketched a possible path along lines of confluence with the fibs.
I believe that all the suppressive action over the last few years will have an equal and opposite reaction to the upside when the positions shorting BSV unwind and a real short-squeeze begins
Other bullish news is that Robinhood recently allowed users to trade BSV which is a huge on-ramp
Coupled with my belief of IMMINENT altszn BSV could decouple and pull this off.
The timings of marketdips in the upcoming bear market seem reasonable. Also BSV as a fork of BTC could outperform DRAMATICALLY (along with BCH) as a constant and ever-growing threat to (BTC's grip on) SHA-256 miners
BSV has constant 90%+ short/long ratio in some exchanges which I see represented by the very unnatural wave patterns which so often play out
Just trying out some ideas.BSV has gained significant amounts of entrepreneurship within the ecosystem. I don't expect the market to realise the limitations that many of the other blockchains have currently. The crypto space is short sighted, ignorant, lacking expertise, parroting narratives and tend to argue in bad faith given thier vested interest.
That said, it is ideal to keep an eye out on tokens that can be considered a 'dark horse' within the space. I believe the technological design of BSV is way ahead of its time and could take years to a decade to fully mature and demonstrate its capabilites.
There are many entities that don't want this token to succeed. It is well known that BSV is one of the most shorted tokens in the space. The question is, could market forces and utility override such underhanded tactics.
(not financial advice)
BSV on the verge of supportBSV is close to the previous support, which has bounced back multiple times when the support is broken, could bring the price down to around $ 64. The first resistance, however, is $ 107.88. In the coming days, it is possible to try to exit the downward trend, but a lot depends on the behavior of BTC.
Entry Opportunity for BSVUSDT_Outlier in a bearish market?BSV opportunity is one of the stand outs in this bearish market.
Another similar setup like COMP and accumulation started since Jun'21.
BSV has been making higher lower and the recent price meltdown to $83+ level caused by covid scare did not last very long and was quickly pushed up with buying pressure.
Long term hold (more than 6 months)
Entry: Below $140
Target: $230
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I may do charting upon request
Let's short squeeze them to hellGuys everyone pussied out and alot of skeptics out here along with fear
This is a major opportunity in my eyes
Buy the fear don't be afraid
Price will explode from here and the fomo will be on another level when they soon realize come to acceptance that Satoshi is the true vision
Thanks