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Bitcoin SV (BSV) - June 12

BITFINEX:BSVUSD   BSV / Dollar
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( BSVUSD 1W Chart)
We need to see if we can move above the critical point of 193.680 and turn into an uptrend.

If it does not fall below the downtrend line, it is expected to rise.


(1D chart)
We will have to wait and see if we can find support at the 160.830 point and move up towards the 189.420-217.293 section.

In order to transition into an uptrend, it needs to rise above the 193.680 point and find support.

Although the flow is not good, if the BTC price rises above 40K, the price of the BTC brothers is likely to rise faster than any other coin, so it is a good move to show a sideways view as much as possible in the current price range.

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( BSVBTC 1W chart)
We need to see if it can move above the 0.00540060 point and break out of the downtrend line.

If you can't break out of the downtrend line, you should trade with caution as you are expected to move down from the 0.00351360 point.

(1D chart)
We will have to wait and see if we can find support in the 0.00421370-0.00453563 zone and move out of the downtrend line.

A breakout of the minimum downtrend line is required to transition into an uptrend.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

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