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Bitcoin SV (BSV) - September 28

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BITFINEX:BSVUSD   None
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It was supported by the uptrend line (1) and moved up, touching the downtrend line (4).

It remains to be seen if it can break above the downtrend line (4) and rise above the 172.910 point.

If you don't get above 172.910, you must get support and see if you're climbing around October 4th at 163.300.

If it falls below the downtrend line (4) after around October 4th, I think there is a high probability of falling below the uptrend line (1).

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I think it is a period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.

About October 28, when maximum volatility is expected to occur, is about a month left.
The most important thing is to generate revenue, so I think it's time to trade to earn money.

** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Comment:
(BSVUSD 1D chart)
If it falls, you need to make sure you get support at 163.300.
It remains to be seen if it can rise above the 172.910 point to amplify expectations for the upside.
We have to see if we can ascend to the important section, 214.210-237.390.
If it falls from 163.300, it is a short-term Stop Loss.
If you fall from the uptrend line (1), I think you need to trade to preserve profit and loss.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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