Ready to Go!Just bottomed out right on the golden pocket. Great retracement for a major wave 1. Could this next phase be Wave 3 where the largest gains are typically made?... one can only hope, and read the charts.
I will say that I'm not sure what fundamental reason could spur this, but the price is in a nice area of support so risk/reward is low.
I will be especially bullish if we can reclaim the 240-250 region and bounce off current levels again.
Other than that, things look good to buy at these levels.
BSV
Bitcoin SV - Triple Three Correction.We could be seeing some form of a triple three correction here, if so Im expecting a rise to around 240ish before the drop continues.
Possible rally up to $330Craig Wright, the creator of BSV and probably also Bitcoin is going to start a legal fight for copyrights to the BTC and BCH database. Craig believes that these designs are based on the original Bitcoin without authorization. It is likely that Wright will seek a court order that BTC should not use the Bitcoin name and be listed as Segwit Coin on the exchanges.
If you want to see the truth about Bitoin, see my blog:
steemit.com
Watch for a bounceCurrently sitting on a .382 fib line, which could result in a nice bounce for all those that have been bleeding in the crypto markets.
No doubt that it's possible that we could continue to the .618-.65 fib region, although this might be a nice swing trade.
Bitcoin SV - Looks like the corrective C wave hadn't completedPrice continued to drop which brought me to re- evaluate the chart, we are still expecting the larger impulse, but it looks like we need to wait for this current corrective C wave to finish.
IF WE SEE A BREAK OF 235 I will go with my alternative count, which I will post if it happens.
Either way, the large impulse is imminent.
second jun pattern deja vuehigh 313/324/330
stop lose 274/277
low under 200 / 175ish
next down 120/ 109 ish
then back up to new ATH
LONG - BSV - Trading OpportunityHoping this bullish divergence breaks us out from this downtrend line, and after hopefully a quick pump back to previous highs.
Entry: 278
Target 1: 309
Target 2: 318
SL: 271.49
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BitCoin SV LONG IDEA - UpdatedThat was quite a good correction, presenting buy opportunities in the fire sale.
We will see a move towards $1000+.
Big announcements at CoinGeek London in four days.
Look for the decoupling.
Short #BSV for $155 with stop loss at $422This looks simple
Short at current price with stop loss at ATR+ and target at BB-
i.e.
target: $155
Stop loss: $422
Entry: current price
BSV(Bitcoin Sh#t Version) 1st analysis on a true sh%t coinNo idea why anyone in the world would believe in this coin but it is crypto after all and so many sheep to pull the wool over their eyes it ain't funny.
As you can tell I am not a fan of pathological liars caught out so many times that they require a new lie to overcome the last one. That is the point of no return where you will defend your lies to the death or for money.
Anyway, sentiment aside let's talk pure analysis on Bitcoin SV(sh#t version).
As you can see there is a clear definition of resistance/support on the lime green trend lines shown. The lime green trend lines shows major support or resistance.
The 2 different Fibonacci retracement indicators shown are a larger and a smaller indicator. The larger fib level indicator at 0.618 shown by the red down arrow was hit and the market reacted to a downwards movement indicating a bearish movement.
BSV then bounced off the EMA 55 in yellow but is still currently trading under the EMA 10 in blue and MA 21 in orange on the daily chart shown by the green down arrow.
BSV needs to break the smaller Fibonacci retracement indicator level of 0.618 @ $332.86 to gain a bullish sentiment. BSV would also need to break the EMA 10 and the MA 21 it is currently trading under. If BSV breaks these it would then need to break the larger Fibonacci retracement level @ $368.63 to regain a move back to the $450 region.
The purple trend line is an indication of whether BSV will hold this smaller uptrend to regain traction. If BSV falls below this trendline then expect BSV to drop to the larger lime green trendline. If BSV breaks this level expect it to move further down to the EMA 55 in yellow and if BSV breaks this level a further drop to the red horizontal resistance level @ $175.00
Hopefully it drops to what it is worth.....1 cent, but more than likely it will move back up with the rest of the markets as there is a bullish sentiment throughout crypto currently.
Happy trading legends!
HTBB
Follow me on twitter or facebook if you like.
Whats next for Bitcoin?We should now be in an impulsive move up on the way to break the ATH.
As we know nothing moves in a straight line, so Im expecting a smallish correction in and around the marked zone on the chart.
Once the impulse that breaks the ATH completes Ill be expecting a larger correction and a potential short trade, but for now, longs only please.
Logarithmic BSV channelAn amazing upward trend channel is created! Here is my forecast for the next year using the current chart. In this year possible $1000. In 2021 possible $10 000!
This is real Bitcoin! Over time, more people will understand this. When hashrate BSV breaks BTC, then everyone has the right to call BSV real Bitcoin. As Sathosi wrote, the dominant chain is real.
This is not an investment tip. This is my private opinion.
Still correcting from January?I was counting this most recent upmove as a wave 1 of the final 5th wave, but this is an alternate count just in case.
Watch crypto markets today, and if we keep seeing little stairway action up and elevator rides down, I plan to dollar cost average and honestly buy the dips. I bought the bottoms of both dips yesterday and today, and think we should get an upward corrective move today with the RSI divergence building .
I hope this count is wrong but I hope this offers a frame of reference to those that have no idea what's going on. I will say that IF this hits $200, buy that shit. cause my 5 of 5 target is ~ $560.
BSVUSD Long OpportunityOrders along the green trend line are the opportunity to go long. The entry is $280-$305.
I like the trend, and the clean reset of the RSI which confirmed a perfect hidden bullish divergence on high time frames.
On higher time frames, we are still keeping trend too.
A healthy reset before the potential for a "CoinGeek pump" going into next week's conference is also a bit of significant FA.
Tips Appreciated: $Kurt
400/1200 patterna same pattern emerging from jan shows a possible jump to 400 then 1200 not sure yet still waiting for a fallen wedge
BitCoin SV LONG IDEA BitCoin SV is the real Bitcoin.
You can see a strong trend-line that has been supporting the price since the beginning of 2020.
This is a very lucrative trade opportunity. The fundamentals look good. BSV can scale. Craig Wright taking his database rights battle to the illegal Bitcoin forks.
You're in or you're out of what could possibly be the best investment of the decade.
BitcoinMore and more people come to the truth. We can achieve prices like BTC by the end of the year.
Pullback? Pssshh who needs a pullbackTotally thought we were gonna retrace a little more but I guess we're going? Currently looking for a good place to buy.