FibMarketWatch
Long

BitcoinSV - The Flippening - Part 6 - Decentralization

BITFINEX:BSVUSD   BSV / Dollar
BITFINEX:BSVUSD : Strong Buy

Analysis Method: Fibonacci & Wave Theory

Near-Term Target: $1,400

Time-Frame: 30 Days

Bitcoin SV is the original Bitcoin

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: https://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: https://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.

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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.

https://www.cnbc.com/2018/05/05/warren-b...
Comment: Jamie Dimon says if you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day
https://www.cnbc.com/2017/10/13/jamie-di...
Comment: BlackRock's Fink Says Clients Have Zero Interest in Crypto

https://www.bloomberg.com/news/articles/...
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.

https://finance.yahoo.com/news/investmen...
Comment:
Comment: 1 Minute Count:

Comment:
Comment: Hash Wars:
https://snipboard.io/NAqV0H.jpg
Comment:
Comment: Should be a Major Squeeze here...
Comment:
Comment:
Comment: The Fight: BCHABC v. BSV

https://snipboard.io/vDE1OC.jpg
Comment:
Comment: Warning for any BCHABC holders...

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...
Fibonacci Technical Analysis

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Educational Purpose, thoughts and analysis are NOT recommendations. Consult a FInancial Advisor

Comments

@FibMarketWatch Thanks for continuing the thread! Looking forward to seeing how this plays out!
+2 Reply
@mikroland should be a good movie.
+2 Reply
ejuarezo93 FibMarketWatch
@FibMarketWatch, I got my popcorn. 😆

That sure backfired huh....😉
Reply
ejuarezo93 mikroland
@mikroland, hope you didn't buy more like this dude be tripping!! Yea he calls freebies here and there. However he's also just unloading his bags on people with the LONGING BULL CRAP. Just watch the CCI, that tells you when to buy and sell. Its "KISS" Keep.It.Short.Simple.

No need for complex analysis. Lmao
Reply
@ejuarezo93 technical indicators are garbage unless applied with Fib and Wave.
Reply
Keep up the good work!!!
+1 Reply
@indaKate thank you, it’s interesting, my reputation keeps going up but followers down. 🤔
Reply
My dude here been Longing BSV since its arise in January. Lmao watch out for people like this. Remember, others always have a personal agenda.
+1 Reply
FibMarketWatch ejuarezo93
@ejuarezo93 if you followed my recommendation in January when BSV was $80 you would have over a 200% gain. Not bad.
+1 Reply
FibMarketWatch ejuarezo93
@ejuarezo93 my only motive is to make people money in short periods of time and to stay ahead of Wall St.
+2 Reply
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