BSV has been significantly underperforming most of the major alt coins and BTC for the last several months. High volatility funnel over the last couple of months and the geometry of the price action over the last year indicates to me that a major move up is imminent for BSV.
3-4 wave=0.38 2-3 wave 4-5 wave=1.6 3-4 wave AB=1.6 4-5 wave BC=0.38 AB CD=2.24 4-5 wave
However not greatly surprised, the literal exact inverse of what I expected to happen....happened. Price tested the long term uptrend as a result of the drop in BTC and is finding support around 200. Price has found support on the midline of the butterfly formation. Didn't enter on the short, but I will look to catch the long. Check comments for prev . analysis.
Price has currently showed us a symmetrical triangle with higher lows and lower highs. we've had a break of the triangle and now can monitor price action for an opportunity to continue the trend.
to me it looks like its about to breakout, in case it breaks down, rebuy at lower level;
We swim forward slowly on the waves and reach three precious destinations. You have to be patient and enjoy the path.
Are you ready for hope?
Bitcoin SV (BSV) TP-1: 640 TP-2: 950 TP-3: 1200
BSV delisted from many brokerages but the time is near that Craig Wright pumps it to the moon. Awful fundamental but have the best technical