i have no idea where this is going to go. causing me a lot of stress.
it needs to retrace - but does it? it already hit that previous high of 240-250 , so its retraced to there,
but it has just left this single green candle down to 202 and then 170 even. i cant seem to figure this out.
in my heart it should go down and retrace properly , but meh. it could go...
Priceline of Bitcoin SV / USD has formed a bullish gartley and entered in potential reversal zone.
We have a 50 simple moving average strong support within the potential reversal zone which will be helpful to push the price action to hit the sell targets soon insha Allah.
MACD is also turning bullish.
I have used Fibonacci sequence to set the targets:
BSV is showing strength in an otherwise down day in the market. snag.gy
The correction could get more complex but the potential move upward based on wave count suggests it needs to be a vertical wave 3. If not, that's likely the invalidation of this bullish count. Don't want to miss this upward move. Stops can be placed at the wave 2 low for a low risk trade.
Considering how deep the current correction is, it is most appropriate to consider the rise to $265 wave (1). If this is the case, upside potential is even greater!
In the meantime, Elliott Waves will look best with one more dip after this brief pop in wave ((iv)) of C.
$BCHSV hit the Golden Pocket (fibs btw 0.65 and 0.68 retracement) with great precision! Is the a conscience? Or could we see a big move to the upside? Place your bets now traders! I would put a stop loss at ~$120.00. For a more brave trader, or with smaller positions, $115 or $100 might look like a better stop area. With this coin not being as liquid as others, it...
Up to this point I was correct in my judgement that Bitcoin Cash (BCH ABC) would win out over Bitcoin Satoshi Vision (BCH SV).
As I come across more information, I believe it is plausible Craig Wright could prove himself to be one of the original co-creators of bitcoin i.e. Satoshi Nakamoto. Time and lawsuits will tell.
With that said,...