BCHSVBTC volatility has challenged my personal indicator wrangling skills -- almost as much as NMR (whatever the pairing) or YFIUSDT, and it's got me to thinking about whether such price movements as we've seen during this recent BTC resurgence are receiving the attractive support the market seeks to sustain value into the mid-term.
PAID will do the trick to keep...
0.91 regression downtrend on the 4hr chart, smaller time frames can be less reliable with regression analysis, in which i refrain from doing this often, however this is a strong trend. Red fractal indicates following of the trend and a small downward move to the 0 fib line.
This week BSV surpassed BTC for Daily Average Bitcoin Transactions Per Block by Network a key indicator of usage/utility.
Transaction fees are the lowest on BSV.
Mining profitability is the highest on BSV.
BSV has the highest Daily Average Bitcoin Block Size By Network and largest block size capability at 2GB.
zooming out weekly chart shows incoming rise to first target with prices of bitcoin core at over 10600 that would make bsv over $400 while bch still struggling to keep up its 0.30 btc fall from 0.066 bitcoin cash lost more than 50% of its value while bitcoin, sv gaining value
Hidden bearish divergence with LH and HH on RSI.
Bounce off the .5 retracement.
Looking for extension to 1.0 level of retracement (Target Level) which corresponds to downward resistance and accumulation zone.
*Not Financial Advice*
As you can see, I have never drawn on TV before, nevertheless, I've spotted a pattern and wanted to share it with you guys.
Clearly, BSV is an underdog and still very much undervalued in comparison to other coins.
So the pump you have witnessed recently was nothing but long expected adjustment. More to come.
Now, I am not saying this is true but rumour has it that...
We have a major trend line to POTENTIALLY test. But mainly, after a 5 wave move, you always take the entire range to find the retrace. the .618 level and the BTC range of .021 - .023 are probable and should be seen as a buying opportunity. .033 was a triple top in late 2018 and should provide some resistance. after that, the fib extensions on this first (of many...