i can see a opportunity for Bulls tonight! BSV is holding okay compare to the other coins , even btc.
if bulls can break the current level right now, we might go hit $280 instanly!
rsi are all good. Selling momentum are already going down.
This TA is Possible if we can go 265-270 within any minute up to 1-2 hour
Other coins BTC,ETH,ETC,BNB,HT which is bullish in the past few days and some of them are maintaining a good level and not droping hard like btc and eth. Most of market RSI,MACD are okay. lets just hope bulls are awaken and they should grab the oppurtunity.
if this TA fails, we may go down around $230 or even $200
$230 and below is actually what is represented, considering theres still "just enough" (I emphasize
"just enough") buying power in the market to sustain a peak of $280. That being said FUD will kick in, it's amazing how people react to money. Human emotions are predictable, the FOMO outweights the FUD in this Market (BSV). Theres is how ever, "just enough" for pull backs. Once we hit lower 200's BSV looks very appealing.
no way this will happen until the tulip trust stuff is ambiguous. if more details come out in the court case that shine a better light on CSW, then we will see this jump a level. until then i would expect that it slowly grinds down as the paid transactional uses likely are not there yet to sustain this valuation (maybe i'm wrong). in any case in the best case scenario if say the court were to order CSW (or the trust holding them) to move some of the coins into escrow and this was actually done then bsv could pump to perhaps .33 -.5 of btc and settle at say 0.25 (or about $2000), in order for it to surpass btc it would need to be then driven by actual adoption and use. its hard to say what will happen to btc post halving, but in this scenario assuming bsv development goes well and adoption follows most likely btc parity could be reached before 2023. if the keys are lost and CSW cannot be proven to be part of SN than one would have to hope that the court doesnt sanction him, as long as it doesn't and development continues there is a good chance that bsv btc parity could still occur but likely it would take this entire decade.
@Bulldragon, well if it could get above 375ish I would agree. Could just be a short term pump before the genesis switch over and that dumps. Guess we will find out!