BSVUSD : Buy opportunity (daily support + falling wedge)Dear fellas, along with major cap coins (ex : TRX, BTC) the price action for BITFINEX:BSVUSD is currently consolidating just above a daily support (i.e. around 122.753). In a similar manner as for BITFINEX:BTCUSD , a falling wedge seems to be forming. This increases the likehood for a rebound before an upward movement. Nevertheless, traders should take into consideration that this trade (like any other ALT/USD pairs) is strongly bounded to the next BTC move.
Overview : since the strong upward moves of October, 24th-26th, the price action is making a retracement which would be a good sign for the continuation of the uptrend if key support levels (i.e. around 122.753) hold from there.
Traders have to take into consideration that if the daily support breaks, it would invalidate this idea. In that case, traders can expect a downward movement due to market pressure up to the next support (i.e. around 110.277)
Risk management : to anticipate a potential breach of the support level and the associated downward movement, a tight stop loss can be set around 118.206 which is slightly below the Nov, 15th low. Considering the actual entry price (i.e. 122.753) a first profit target can be set around the first daily resistance (i.e. 139.331). A second profit target can be set around the second daily resistance (i.e. 147.556). Considering the initial stop loss and the first profit target, this gives traders a good R/R ratio of about 3.91 .
My Trading Principles :
- Risk/Reward ratio : since it is difficult to predict every market movement, it is suggested for traders to only look for trades with a R/R ratio of at least 1:3.
- Stop loss : in addition of the initial stop loss, if the price actually goes as predicted, traders should keep a trailing stop to keep some profit.
- Position Sizing : it is suggested for traders to stick to their position sizing strategy. As a rule of thumb, most retail investors risk no more than 2% of their investment capital on any one trade.
"Remember, plan the trade, trade the plan. Build that discipline."
I will keep updating this trade according to the future price action.
Fellas, please support this idea with your likes, thanks.
Best regards,
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BSVUSD
BSV in Fib RT Golden Zone while Price is Boxed in?Title says it all - just look at price action, where it has stalled vs. upper trend, and take note of the Fibonacci zones inlaid. They line up a bit too nicely....although the top trendline is seeking that 3rd hit.
BITCOIN QUANTUM SUPERPOSITIONBitcoin has split off into parallel dimensions.
When will the waveform collapse?
BSV Bear Flagpole ScenarioThis could be a bear flag scenario and it could take us down to the all time lows..
BSV Long-term TrendlineVery simple trendline connecting 3 price reversals over time on the Daily chart for BSV (slide chart pattern side-to-side to see entire trendline)
BSV wait for a breakoutBSV is in interesting position, plus it's one of the top-10 coins that didn't surged yet.
WHO LIKES COFFEE? BITCOIN SV ANALYSIS $BSVUSDBitcoin SV will probaly build a cup pattern.
We have a strong support that has allready been rejected once.
Another rejection will give the buy signal.
Target is the 177-181 zone.
BSVUSD Look For Big Wave UpHello traders,
The down move we expected happened (Refer to previous forecast down below!).
Now I am anticipating a strong wave up to the 180-190 range which will complete a regular flat and after which we will have to wait for more price action to see whether or not we will consolidate to keep going or fall back down to make new lows.
Stay tuned for more!
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to follow, I will be posting forecasts & trade setups daily.
Thank you,
Good luck
BSv headed for record breaking dumpLower lows and lower highs = Lower price
BSv is proving once again to be a pump and dump scam coin. Surrounded by shady characters and plagued with bad news this project is going to go down in history as one of the greatest crypto scams ever to fool its followers.
Looking at the chart its obvious that the only thing floating this scam is BTC like most alts.
The difference is BSv is a fork of BCH which was a fork of BTC which means it has to prove its worth beyond that of regular ICO or airdropped garbage.
BSv has proven to be lacking Vision and seems to be nothing but BS. I would avoid trading this at all costs.
Trading Crypto. Toss out traditional TA. This is 100% PsychologyWhen it comes to trading crypto traditional TA is useless. You can find patterns no matter how you cut it. Up or down you can say history is repeating itself.
There has never been a market that fluctuates on the single fact that people are either buying or not buying.. This is psychological and there is simply nothing more to it. Either we love BTC (NOT BSV) or we dont.
Considering BSV is centralized and owned by 2 individuals with a history of questionable behavio its easy to assume the product they have created is probably shady to some degree. Giant blocks are cool and yes its programmable.. but for what you gain you sacrifice security. If crypto is going to be accepted (100% up to us) as a future world currency then Bitcoin will be insanely valuable and not likely used as day to day cash. Another crypto or offcahin solution can solve this.
For this reason I believe freezing btc was the absolute best decision imo. Rushing in to change it and upgrade it would be a mistake. Thats what forks and alts are for. Developmental platforms are great for experimenting. Btc is still what it was and will stay that way.. secure and unhackable. BSV would be a great platform if only it wasn't centralized and controlled by people with questionable incentives.
Trading to make a buck is one thing.. promoting it as a decent company or product is another.. in crypto the company and product are really all there is. BSv would be great if it wasn't trying to steal Bitcoins place while making outlandish and impossible claims. There are a many number of other coins that can do what BSv can do.. So I say Good riddens.
BSv and its owners are here for one reason and one reason only.. to take your BTC. Same as 90% of All other ALTS. If you truly understand BTC and how valuable it is.. you understand this fact.
BTC is going to decide which ALTs deserve a place on the cryptosphere. This has been a long time coming.
- A
BSV/USD - 190’s IN REACH??Hello traders,
BSV has just been in a typical slow correction pattern over the last month.
Look for it to just fall slightly and break the 124$ area before giving us a nice strong up move to the 190’s, after which we will have to wait and see what we get from there.
It will either correct and completely reverse to the upside or it will fall down once more.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow if you like what you see.
Thank you,
Good luck
Those that are most likely to grab BTC market share..I'ts clear...the winners are BNB, BSV and BCH, but BSH is the weakest of these three.
And the losers are ETH (plus ETH tokens) and XRP. The technical damage to these two may be difficult to overcome.
BSVUSD - limited price range?It appears there isn't much price range in the original Satoshi Vision.
BSV: 20% Profit Potential!From all the candidates that I'm looking at currently, BSV has the best shorting profit potential. We're currently upholding crucial $140 as bottom. If the bulls don't see a bounce going on from here, we will have the potential to break towards the previous lows, giving 20% profit potential.
If you're realizing unnecessary losses still, if you wanna become consistently profitable in your trading over 100 trades: We can help you! ;)
