Bitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap. The token network is now worth about $1.35 billion and is likely to increase is worth in the coming months. Bitcoin SV, Bitcoin Satoshi Version, is a hard-fork of the Bitcoin Cash blockchain that is giving its parent a run for its money. The BSV is meant to embody ...
Bitcoin Cash SV (BSVUSD) Seems to have completed its retrace.
You can see the support/demand zone in yellow. This area can be used as support if price breaks down.
If this area holds as support, you can expect a bounce up, but if it breaks you can expect the price to continue going down. For this reason, we use a candlestick close below this area as our stop ...
One of our great supporters asked me to take a look at the BSVUSD chart.
We already have an analysis with targets for BCHSVBTC. You can find it here:
BSVUSD Chart Analysis
We are looking at the 4H Time Frame, which means that each candlestick represents ...
It broke the support line a few days ago, but it has not really dropped since. On the right we can also see a bullish wedge. But what sticks out, is the high volume the past few hours. Like some are accumulating at this level. There is a zone between the green and red area. Assuming the wedge is real and we break up, the target is around the yellow ...
Some people might be interested... They seem to be doing things...
Giant blocks (the biggest ever) have been mined... They have made tests where they sent 2 GB blocks intercontinentaly too.
The SV camp does not look like they are going to stop the war till BCH is dead, they have been reorging lately I wonder what they are going to surprise us with next, and ABC of ...
Falling wedge is generally a bullish pattern signaling that we will likely see the price break upwards through the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Target 1 and 2 marked.
THE LINES IN BLACK SUGGEST A GIANT RISING WEDGE!
WHO SAYS YOU CANNOT GO LONG JUST A LITTLE BIT?
TAKING A SMALL TRADE ENTRY @$95. STOP 83 AND TARGET TOWARDS $119 AND $135 (HALF AND HALF).
P.S. WE ARE STILL IN A BEAR MARKET. BE CAUTIOUS.
Finally we are seeing some very bullish volume in BSV, BTC is looking bullish as well. If I Was going to enter I would just wait a bit and see if it pierces this support or does a nice bounce of it to enter.