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lindsaytradingview
Nov 4, 2020 11:32 PM

BSV Target $605 - $840 

Bitcoin SV / Tether USDHTX

Description

i like the way that BSV has been moving within this fib trading range

last pump went to 1.382 extension of the range

presently holding above the 61.8 level

if the next pump went to 1.618 that would be $630

various fib projections which have produced the target area

wedge slowly closing, expected break to the upside due to:

Court cases

- Case involving 1,100,000 BTC BCH BSV likely to be dropped as the plaintiff Ira Kleiman does not have the grounds to sue on behalf of the trust.
coingeek.com/lynn-wright-files-urgent-petition-to-declare-ira-kleiman-barred-from-suing-craig-wright/

- 'Faketoshi' case, defendant Peter McCormack's lawyers have signalled he has given up after seeing evidence produced in discovery
coingeek.com/wright-victorious-peter-mccormack-abandons-libel-defence/

Fundamentals

- Teranode coming 2021, bringing terabyte-sized blocks and 50,000 TPS ending the scaling debate
- Enterprise deployment on-chain - Geospock and EHR Data
- Block TX fees bringing more income for miners than block reward in Q1 2021 as hinted by a large publicly listed miner Taal at the Coingeek conference

Comment

if 1.382 was hit on the latest trading range that would be $880
Comments
destin2008
I like your vision, I really do. BSV is bitcoin but until Craig gives us more proof he is Satoshi, no bull run will make this coin go over $300 certainly not $800
We all remember what was the real catalyst for the last two major pumps.
If Craig moved 1 sat today, BSV would be $800 tomorrow and $2000 EOM
Other than that, no fundamentals will pump bitcoin price as fast as you are predicting.
In my opinion, we will continue to see 140/30O sideways coming months.
lindsaytradingview
that target range goes up to may...
i think kleiman case goes to trial april - if its not thrown out
mccormack trial is set may 4th...
so I think its possible...

funny thing is once this is all out... even the 800 target is stupidly low really

once that narrative shifts, that he is not a fraud, but the inventor... loooooots of money coming into this market
Aeon93
mikroland
Looks like it's trying to break out of your triangle. Any updates on your thoughts of this trade?
lindsaytradingview
not really, i see it as a sure thing, Craig winning his cases.. they are set to go to trial in april and may 2021... so just chill until then
basically, the best way to play this is long term hold really.. like 5 - 20 years
but I used a fair amount of debt on this trade so.... i need that paid back lol... and need to get married too.. lol.. fiance cant wait forever for this trade LOL
Aeon93
Any updated thoughts? 👋🏻
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