BSVUSDT trade ideas
Bitcoin SV (BSV) Price Prediction 2022Bitcoin SV ( BSV ) Price Prediction 2022
Bitcoin SV ( BSV ) holds the 52nd position on CoinGecko right now. BSV price prediction 2022 is explained below with a weekly time frame
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
Currently, Bitcoin SV ( BSV ) is at $62.532 .If the pattern continues, the price of BSV might reach the resistance level of $68.397, and $100.075. If the trend reverses, then the price of BSV may fall to $57.188, & $47.457.
Bitcoin SV ( BSV ) Support and Resistance Levels
Resistance Level 1 $67.021
Resistance Level 2 $101.562
Resistance Level 3 $154.682
Resistance Level 4 $208.755
Support Level $46.983
The charts show that BSV has performed a bullish trend over the past month. If this trend continues, BSV might run along with the bulls overtaking its resistance level at $208.755.
Accordingly, if the investors turn against the crypto, the price of the BSV might plummet to almost $46.983, a bearish signal.
💡Don't miss the great buy opportunity in BSVUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59.673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BSVUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 70.961
TP2= @ 75.153
TP3= @ 79.218
TP4= @ 83.474
TP5= @ 87.645
SL= Break below S2
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💡Don't miss the great buy opportunity in BSVUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59.673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BSVUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 70.961
TP2= @ 75.153
TP3= @ 79.218
TP4= @ 83.474
TP5= @ 87.645
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bullish Set UpWaiting for an impulsive move around these levels.
If 50$ doesn't hold and BTC nukes cause of the bearish sentiment going around it then we could be in for a longer accumulation phase and lower lows here.
Opportunies are massive at these levels non-the-less.
Hope all is well.
Patience is key.
The worst thing to do during a bear market is to become disinterested and stop paying attention. It feels like the time of least opportunity but it’s the time of maximum opportunity.
Give me a like.
Thanks and take care.
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.