BSV has been in in a brutal bear market for almost 2 years now !!
It is on of the (if not the) worst performing assets during this time !!
From a RSI (relative resistance) and from a sentiment perspective it has bottomed on the 4th of January 2021.
Price wise there has been nothing but sideways action for almost 10 months !!
My take is when this thing turns...
We have a clear break out now - and BSV is up around 12.2% relative to Bitcoin in a matter of days.
RECOVER WILL BE SLOW AND GRADUAL - FOMO will come later on !
However the rise is slow (it will not be explosive) since the FUD and the AGRESSION on this coin has been unprecedented !!
I am used to receive much hate !! I have been holding XRP for 4 years now !! So...
Since the low on the RSI indicator in the beginning of January 2021, price has continued going down.
Everybody and his sister is screaming that "BSV is a shitcoin" and "Craigh Wright is a SCAM" and "BSV has been 51% attacked" and so on ...
However if we take a look to the RSI indicator relative to price, a strong hidden divergence is building up during the last...
Steeve Fragnière has asked me my opinion on the BSV USD chart.
At first glance it looked awful.
However if you flip it to a regular (non log scale) it looks quite interesting !
Price is moving inside a broadening (megaphone) wedge pattern.
If BSV flips to bullish mode, which I think it will do, a reasonable short term price objective would be 700 USD.
There is...
BITCOIN (ORIGINAL) SATOSHI VISION has been in a bear market for ALMOST 2 YEARS now !!
At the beginning of January 2020 (last year) Bitcoin Satoshi Vision shoot up to a 1/15th of a Bitcoin !
Its bottoming process is ongoing for almost a year: 276 DAYS !!
Today BSV is worth a little over 1/300th of a Bitcoin !!
Since BSV's tech is superior (similar protocol but...
What I forcasted (see my previous posts) is finally HAPPENING !!
We had a crash capitulation low.
We had a bullish around-the-apex move.
We consolidated in an ascending channel (gearing energy for the move)
We had a break out and a successful back test.
Now it is MOON time for the real bitcoin !
We could be in for a big surprise !
BSV is the most hated and...
Why I think Tesla didn’t buy BTC at all. PsyOP.
Yeah, i know this is controversial thesis, but I’ll take you on a journey I’ve been on myself for a few days.
The below references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
So how did it get started?
In the...
Last month Bit Pay unveiled support for card top-ups using the Bitcoin rival, Bitcoin CASH. At the time, it was my hope that adoption of BCH transactions would boost support for the community....unfortunately when looking over the charts from the last couple of weeks, things do not look as good as I'd hoped. Since March 3rd price action for BCH vs BTC has dropped...
