A third wick formed just below the bullish descending wedge.
On balance volume holding up strong.
Price also despite weakening volume in general - this can be seen as bullish.
I maintain my bullish stance on BSV and my target 0.25 BTC for one Bitcoin.
That's almost a 15x in BTC terms and implies a price of about 1500 to 2000 USD for Bitcoin SV.
Let's see if it...
FA: Bitcoin Satoshi Vision is a hard fork of Bitcoin Cash, which is a hard fork of Bitcoin itself, all Proof of Work (POW) protocol.
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year...
BTC is currently still around $9200 and going sideways.
Yet we are already at this trend line.
I have a feeling BSV is going much lower than anticipated.
I don't see this trend line holding if BTC drops in value.
That means BSV will be harder to guess.
Let's watch this trend line closely.
Not a financial advice. Just share My opinion.
There’s huge bullish divergence on 1D TF.
And at the end of falling wedge pattern + bounce nicely on support trend.
Might be a good chance to long.
Hoping the january scenario will repeat! :3
Usually we see the BSV/BTC pair 'pump and dump'ing. - But we are witnessing a retest of a falling wedge right now. - It might be the beginning of an (long term) uptrend here. - Considering the positive news that Binance (better said: Users that use Binances mining pool) began to mine BSV quiet extensively. (~13% of all BSV hash rate as of today).
Investing in this coin would not have procured you a bigger loss compared to investing in BTC. Except TA now are weak. We can see that BSV trades in ranges. Currently it is sitting on the support of the upper range and clearly following the ichimoku cloud to the twist. RSI and MACD are bearish. Volume is dropping. If I was a financial advisor, which definitely I...
I was taking a look at this earlier. It looks as if this is the bottom. I’m curious to what it could mean. I mean is this the lowest price we will ever get to convert btc bags into bsv. There is divergence and there is a strong negative slope which usually signifies a reversal. I like hearing your idea, let me know if I’m missing anything.
I suspect we will soon have a strong breakout in BSV ...
This one could be spectacular since BSV is overperforming Bitcoin by leaps and the breakout of the second bullish wedge would clearly attract attention of the crypto space.
There could be a strong FOMO leading to our procected medium term target of a 1/4 of a Bitcoin !
Not financial advice - I could be wrong...
Read chart and you will see this is post cross prediction.
I do not have anything in bsv but my first indicator has activated if I get the second I will let you know if I have entered.
"Never try to catch reversal just catch trend"
Not advice follow your own chart or read mine.
+like and follow if you agree. :D
Beautiful positive divergeance at the right time.
BSV sets up for an around the apex of the bullish wedge.
This is very bullish when it happens !
Expect massive overperformance relative to Bitcoin in the short to medium term.