BSV / BTC The main trend of this coin is upward. This makes for great money. They work on the pump / reset principle in the range of a huge ascending channel with a step of 380%. Coin "Black PR". Liquidity is acceptable for trading large amounts of money. Pay attention to the levels. It's all about the little things and the logic.
I would advise to open a long position not from the bottom of the channel, but on a breakout / pullback (it may not be) after the breakdown of the secondary trend line (purple). The reason is very simple, it is better to buy a little more expensive, but with a high degree of probability an uptrend will develop.
The previous idea for this coin gave a manipulation profit of + 1760%. But in a BSV / BTC pair. It is clear that I did not earn + 1760%. The last orders were sold in the + 300% zone from the entry point. I have previously described in the trading idea that this manipulation will occur, but I did not expect the momentum to be almost + 2000%!
+ 1760% All targets are closed, the last targets are + 300%
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From 11% reversal to triangle support. Low liquidity, even an average amount is hard to work with. An important reversal zone or continued downward movement. Short or long entry above the zone of uncertainty. Consequently, the% of the potential profit decreases. If, after a price reversal, it breaks through the downtrend of the secondary trend (pink) and the accumulation zone (yellow) - the trend reversal and Craig will sing fairy tales.
Trade closed: target reached
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The local target in short was achieved, exactly 13%. Reversal area
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+ 66% from the reversal zone. A potential symmetrical triangle is forming.
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The price on the dump has reached the specified zone, a large triangle is being formed. Potential reversal zone
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+ 103% from the breakout of the triangle resistance (indicated by arrows in the last update). At the moment, a rollback and resumption of local growth. The probability of a fractal repetition in an developing trend. Pay attention to the high volatility and manipulative nature of the instrument (ideal for making money), but even with their squeezes and drains after pumping at -95% of the growth, they still have to move the price in the trend in any other way. A breakout by the price below the main trend line or premature pumping above the resistance of the large channel (constant hope for a super pump) will all ruin the chart for the future game.
@jb4inkss, Yes the schedule is very interesting for making real money.
shahabnoor
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BSV is dead in this bull market. It will grow when CW steps down and sell out all his coins with no stake in BSV any further. This will be the single most bullish signal for the coin no matter what the fundamentals may be... My opinion
nrmr82
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not until the BTC bloodbath stops!
anonycoin
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BSV = Bullshit Vision
shahabnoor
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No matter what technicals illustrate, BSV is dommed if it does not rally back to previous highs, at least, with this bitcoin lead pump of 2020 and possibly 2021