I have been keeping this chart for 8 years. Very interesting to see how it treats the longterm red trend line.
Big ooof, boys... BTC has never had a yearly bearish engulfing candle. And, it's not the only nearish indicator. Of course, it's also right around very strong support, so the bottom is either in for a long U-shaped recovery, or we are about to enter YEARS of bearish trend.
Buying the bottom in the green box worked out very well, and BSV is outperforming BTC slightly in this run over the last 2 weeks. Bullish breakouts continue. The only concern is daily RSI is higher than it's been in a year, so we may be nearing the top of a local push. There will likely be a refueling buy opportunity over the next 2 weeks, and then we see whether...
This trend has been strong since the beginning of BSV's liberation from BCH. Keep an eye on the bottom of the trend. Called this as a signal on 8/28 at Crypto Traders Pro 8/28/2020 Symbol: BSV/USD :BSV: Exchange: Bitfinex or wherever trades the pair Position: LONG Audience: @everyone ACTION Buy Between: $160-$180 Stop Loss: Daily Close Under $150 Target 1:...
05/08/2020 Symbol: BSV/BTC Exchange: Bitfinex Position: LONG Audience: @everyone Action BUY: .018 - .021 Stop loss - A daily close below .018 Risk - Depends on entry average Target: .024, .027, .029 At the halvening, we normally see a quick dip on BTC for a few days. Right now, that probably means miners switching to BSV and BCH for profitability, at least for...
Orders along the green trend line are the opportunity to go long. The entry is $280-$305. I like the trend, and the clean reset of the RSI which confirmed a perfect hidden bullish divergence on high time frames. On higher time frames, we are still keeping trend too. A healthy reset before the potential for a "CoinGeek pump" going into next week's...
Tips: moneybutton.com/@kurt Handcash: $Kurt Buy - between $240-$255 Stop Loss - A Daily candle close below $240 Target - wicks at $270-$280 Risk - ~5% NOTE: Signal is for a 1-4 day bounce play, and subject to reevaluation. Elliot Wavers are looking to touch the parabola and take off to $700, but horizontal support and resistance demands a bounce play off of...
Eyes open! Bull flag & descending triangle at breakout zone if it's gonna happen. Plus this just hit: finance.yahoo.com This is another article begging you to really read what's being said. It's public keys, but Muh FOMO is also real. Just pay attention if you're still in a long position, because this move would likely breakout aggressively. If it breaks down,...
Anyone in the BSV/USD(t) trade needs to take a look at the chart and reassess. I had sells between $145 and $150, and I'll be looking to refill based on what happens over the next 24-48 hours. With such a strong move up, and plenty of room to breathe on RSI, I'll be looking for another big pump before we start the real trickle down. Next resistance is around...
For two weeks, I've been under the assumption that the descending triangle would act as resistance and cause a break down. While the price action broke out past the diagonal resistance line, the horizontal resistance line acted as a perfect little resistance spot. Having gone long around $80, I had a target of $100 for the trade where I was considering going...
BSV/USD still has more bearish momentum than bullish. RSI is slightly bullish, but the overall pattern is a long, descending triangle, and the weekly looks to be close to closing red coming into resistance. BTC/USD is also bearish with longs still above previous ATH, so a rational margin trader would be short on USD pairs. A conservative trader would be largely...
BSV is in a descending triangle pattern on the weekly chart. The coin tends to respect basic, horizontal support and resistance, so I intend to swing trade this chart for accumulation over the next several months. A margin trader might be looking to short on any bounce up coming into the end of the descending triangle pattern. The other thing to consider is...