BITFINEX:BSVUSD: Strong Buy
Analysis Method: Fibonacci & Wave Theory
Near-Term Target: $1,400
Time-Frame: 30 Days
BITFINEX:BSVUSD is the original
BTCUSD
It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System.
Link to Whitepaper: bitcoinsv.io/bitcoin.pdf
Latest News:
The Bitcoin SV Scaling Test Network (STN) is often the place where records are made, and where Bitcoin SV (BSV) continues to prove how the original vision of Satoshi Nakamoto allows for unlimited scaling. On May 6, the STN was the place where two new world records were set.
We came upon the world records when Twitter account Global Bitcoin Watchdog noticed an STN block with over 9 million transactions. Shortly after, that record was smashed by another block, with over 13 million transactions.
nChain CTO Steve Shadders noted:
The STN is a tool for testing extreme limits of the Bitcoin network. Whilst this block wasn’t made under network conditions typical of the production network, it tested specific elements of extreme load scenarios. We are pleased to confirm that the Bitcoin software, in a globally deployed scenario, was able to handle this test with no noticeable service degradation.
STN Website: bitcoinscaling.io/
Previous Analysis: BSV - The Flippening - Part 5
Link:
Pick-up form previous analysis...
High Wave Analysis:
- ABC Correction Sequence (Building a base)
- Correction Sequence was in 5 Waves (Strong Support)
Daily Chart:
-Primary Wave 1
-Added Fib-Time
-29 Days till Fib-Time Marker 5
Lower Wave Count:
-Primary Wave
Primary Wave 3 Trigger: $383
Primary Wave 3 Target Area: $300-$383
Will update.
Find more on FibMarketWatch.com
Analysis Method: Fibonacci & Wave Theory
Near-Term Target: $1,400
Time-Frame: 30 Days
BITFINEX:BSVUSD is the original
BTCUSD
It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System.
Link to Whitepaper: bitcoinsv.io/bitcoin.pdf
Latest News:
The Bitcoin SV Scaling Test Network (STN) is often the place where records are made, and where Bitcoin SV (BSV) continues to prove how the original vision of Satoshi Nakamoto allows for unlimited scaling. On May 6, the STN was the place where two new world records were set.
We came upon the world records when Twitter account Global Bitcoin Watchdog noticed an STN block with over 9 million transactions. Shortly after, that record was smashed by another block, with over 13 million transactions.
nChain CTO Steve Shadders noted:
The STN is a tool for testing extreme limits of the Bitcoin network. Whilst this block wasn’t made under network conditions typical of the production network, it tested specific elements of extreme load scenarios. We are pleased to confirm that the Bitcoin software, in a globally deployed scenario, was able to handle this test with no noticeable service degradation.
STN Website: bitcoinscaling.io/
Previous Analysis: BSV - The Flippening - Part 5
Link:
Pick-up form previous analysis...
High Wave Analysis:
- ABC Correction Sequence (Building a base)
- Correction Sequence was in 5 Waves (Strong Support)
Daily Chart:
-Primary Wave 1
-Added Fib-Time
-29 Days till Fib-Time Marker 5
Lower Wave Count:
-Primary Wave
Primary Wave 3 Trigger: $383
Primary Wave 3 Target Area: $300-$383
Will update.
Find more on FibMarketWatch.com
Comment:
Micro-Wave Count:
Comment:
Breakout Alert!
Comment:
Comment:
Daily Chart Update.
Comment:
The technology adoption lifecycle is a sociological model that describes the adoption or acceptance of a new product or innovation, according to the demographic and psychological characteristics of defined adopter groups. The process of adoption over time is typically illustrated as a classical normal distribution or "bell curve". The model indicates that the first group of people to use a new product is called "innovators", followed by "early adopters". Next come the early majority and late majority, and the last group to eventually adopt a product are called "Laggards" or "phobics." For example, a phobic may only use a cloud service when it is the only remaining method of performing a required task, but the phobic may not have an in-depth technical knowledge of how to use the service.
Comment:
Who have the "phobics" been?
Comment:
Past Phobics: The 'Smartest Investors'
The billionaire chairman and CEO of Berkshire Hathaway, Warren Buffett, has again hit out at bitcoin, this time comparing it with rat poison.
www.cnbc.com/2018/05...-poison-squared.html
The billionaire chairman and CEO of Berkshire Hathaway, Warren Buffett, has again hit out at bitcoin, this time comparing it with rat poison.
www.cnbc.com/2018/05...-poison-squared.html
Comment:
Jamie Dimon says if you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day
www.cnbc.com/2017/10...coin-are-stupid.html
www.cnbc.com/2017/10...coin-are-stupid.html
Comment:
BlackRock's Fink Says Clients Have Zero Interest in Crypto
www.bloomberg.com/ne...o-interest-in-crypto
www.bloomberg.com/ne...o-interest-in-crypto
Comment:
Cryptocurrencies, on the other hand, only encourage criminal activities, according to Schwarzman. “The idea that you can transact without anybody knowing anything, you could have a lot of criminal behavior — dirty money, drug money — running all over the world. It only encourages that kind of activity,” he said.
finance.yahoo.com/ne...isses-070010733.html
finance.yahoo.com/ne...isses-070010733.html
Comment:
Comment:
1 Minute Count:
Comment:
Comment:
Hash Wars:
snipboard.io/NAqV0H.jpg
snipboard.io/NAqV0H.jpg
Comment:
Comment:
Comment:
Should be a Major Squeeze here...
Comment:
Comment:
Comment:
Comment:
Comment:
Warning for any BCHABC holders...
Fake Hash (Economically Unstable)
Fake Hash (Economically Unstable)
Comment:
Comment:
Daily Chart Update:
Comment:
Daily BSV v. BCHABC
Comment:
Tracker Link: Daily BSV v. BCHABC
Comment:
SP500 V. BSV
Comment:
Should be seeing a major squeeze to begin to the upside...
Comment:
Comment:
Technical Indicator is the Ultimate Oscillator
Comment:
Comment:
Comment:
Daily Chart Update:
Comment:
Comment:
Comment:
Breakouts usually occur between 70-80 degrees...
