First chart was pretty much right on the target but unfortunately volume was not there to break through $100 level. Key element for Bsv is to hold $80 level.This level is very important for traders at this point and medium risk positions can be opened within the blue box area(hoping for black or green line continuation). If this figure does not hold and goes under the blue box, Bsv could be in for a roller coaster ride into uncharted territories(red line). Anything can happen under this level.
I can predict 3 different continuation patterns but I personally do not recommend opening large entry positions below $80 .Since this is fairly new coin, key important indicator is to see larger volume at this point.
I can predict 3 different continuation patterns but I personally do not recommend opening large entry positions below $80 .Since this is fairly new coin, key important indicator is to see larger volume at this point.
Comment:
So far super boring. No seller no buyers.Very unlikely that investors without significant accumulation(thats why selling part is important too) will push this trough unless they already invested in large sum. Any significant break through from triangle(up or down) with ---> ****LARGE VOLUME *****(6k-20K bsv units per 15min chart or over 20k bsv unit as per hourly chart)will be significant at this point. Seems like double bottom forming but I am not convinced at all. It looks like BSv getting piggy back ride from BTC and this is not a good sign.I would not rely on this sign considering alone BTC itself is super unreliable nowadays.
Comment:
It looks like double bottom forming nicely. Lets hope that this works out. I truly want BSV to do well.
Comment:
Our week link is the Bsv-Btc conversation.We almost need a strong buyers for that section. Otherwise they will make Bsv bleed along with BTC. I just cant see the point converting bsv for btc right now.
Now we are officially in the blue box area as per chart. Lets hope that $80 mark holds!Fingers crossed.
Now we are officially in the blue box area as per chart. Lets hope that $80 mark holds!Fingers crossed.
Comment:
We have bounced off perfectly off the danger zone. Now is more important ever. If this momentum stops.. very bad news .IF we do keep this momentum we can reach new heights.we are at 84.30 atm.
Comment:
Our problem is still flaky Btc people. When they think Btc going up. They abandon the ship(BSV in this case) and sink it.They are in for quick $$ they don't care about which coin and so forth.We are up to 84.90 but unfortunately in the hand of BTC lovers therefore I am not going to join in this trade at this moment. We need more stability and confidence. Trusting BTC lovers are the worst thing ever. However If Btc holders sees temporarily gains they will stay in wait new BTC rally. So this could still go up to new heights. I just don't trust them personally.
Comment:
Volume seems to be back. Great sign for hodlers. Btc is back alive as well. If this momentum protected along with large volume BSV may see $100 figures once more. But don't jump on the train right away wait for for local pullback then make your own judgement.