Please allow me a few minutes to analyze this altcoin chart with you all...
- We can see that Bitcoin SV hit a low on the 24-Sept., together with many other altcoins that also hit a low on this day.
- After the low a new wave took place and prices went almost straight up until they hit EMA300 (gray line).
- BSVBTC tried to break EMA300 without luck and had to retrace to remove weak hands and gain more strength.
- The retrace for BSVBTC ended on the 25th Dec. and a new attempt to break EMA300 is taking place.
Now, last time it didn't work but I believe this time the bulls will be successful in breaking and conquering this barrier...
Bitcoin SV Signals & Indicators
- is still low, really low for the type of action that we are seeing, meaning that the 'real' action is yet to start.
- The is super strong.
- The is now on the side and trending towards the bulls. The way it is positioned allows for a massive jump in prices anytime.
- Consolidation can happen after EMA300 is conquered.
Note: If EMA300 can't be conquered, prices are likely to move lower just to gain more strength on the next try.
If EMA300 is broken, we are likely to see BSVBTC grow by at least 90%+ in a matter of just a few short weeks. Within months, we can see up to 175% or maybe even more.
Thanks a lot for reading.
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This is Alan Masters.
The Altcoins KING!
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