After BSV successfully reached all of my previous targets, I have been waiting for the dust to settle before updating you all again.
Right now BSV is in a period of consolidation, and it is possible to trend sideways within the squiggles I have drawn, BUT this may not happen either, as we all know well that BSV is the Crypto Honey Badger and may just decide to reach for upper targets without much of a correction, and right now is holding strong against BTC being one of the only coins to be in the green today, at the time of writing this BSV has a 3.51% gain compared to BTC 2.41% Loss.
Right now I see BSV heading to retest the high before a minor correction and then should attempt TARGET 7 before a possible deeper correction within the squiggles. Corrections are needed and just add fuel to reaching upper targets. I do not recommend shorting BSV as the movements are never clearly defined. And often due to the support of the BSV community all dips are bought as quickly as they happen.
My other recommendation if you are margin trading do not over margin and only use low leverage due to the flash crash we saw on our last high. Whales are watching and will be only too eager to steal your hard earned profits. BSV is probably one of the only coins that you can leverage, that I would recommend NOT leveraging at all.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Major Support in the highlighted region
BSV just busted straight out of Compton... (resistance) and upper Targets looking good! Would love to see the wedge turn into support <3