BSV

Hey Traders, in today's trading session we are monitoring BSV/USDT for a buying opportunity around 36.10 zone, BSV/USDT was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 36.10 zone.Trade safe, Joe.Entry hit!

BSV has formed a triangle pattern where the price has been bouncing in from one side to another, preparing itself for a breakout from this pattern. We are looking for further movement in the sideways channel, where at one point we will be looking for a breakout from the triangle pattern, where then we will be looking for slight upward movement. But keep in mind, if we see the price break the local support zone, then we might be seeing a steep movement to $30.50.Swallow Academy

Since we placed the green arrow on the chart, it seems that the BSV correction has started. This correction was a butterfly diametric pattern that has now completed.From the point where we placed the green arrow, the bullish phase of BSV appears to have begun, which should have at least 3 waves. It seems the first wave is complete, and we are currently in the second corrective wave.We are looking for buy/long positions around the green zone to form wave C of the new bullish phase.A daily candle closing below the invalidation level will invalidate this analysis.For risk management, please don't forget stop loss and capital managementWhen we reach the first target, save some profit and then change the stop to entryComment if you have any questionsThank You

Bitcoin Satoshi Vision is pulling back to 100EMA daily support where it seems likely to bounce and resume bullish, mid-term.BSVUSDT.P

Bitcoin SV (BSV) has seen various price predictions, but reaching 38,000,000 seems highly unlikely based on current predictions. Analysts predict BSV could reach $168 by December 2024, $265 by 2028, and possibly $374 by 2030. Other sources suggest a more conservative outlook, with BSV potentially ranging between $36.73 and $38.30 in 2025.

هدف و حد ضرر مشخص شده است. bsv خرید لانگ انجام دادم و به حد ضررم پایبند بود.

Bsv just completed a corrective move after an impulsive move and could be a sign to another incoming impulsive move

BSV is following BTC algo but with a lag, where BSV has done correction of initial impulse from the bottom and is now ready for next impulse up leading to test of ATH range where likely some consolidation before breaking up into new ATH and finishing bigger impulse. After that expect deep correction...

It is seen that the trend that has completed its rise is broken.

The price of Bitcoin forked token called Bitcoin SV ticker name (BSV), saw a notable uptick of about 38% today amidst breaking out of a falling wedge with current market metrics hinting at another leg up. What Is BSV?Bitcoin SV (BSV) emerged following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which had in turn forked from the BTC blockchain a year earlier following the blocksize wars.BSV claims to fulfill the original vision of the Bitcoin protocol and design as described in Satoshi Nakamoto’s white paper, early Bitcoin client software and known Satoshi writings. BSV aims to offer scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, as well as deliver a distributed data network that can support enterprise-level advanced blockchain applications.Technical OutlookSince April high of 2021, that saw the asset deliver a stunning 826% in gains, the asset quickly retraced losing about 94% of market value for over 4 years now. The rise in price today is integral for BSV in order to bring back life to the project as the altcoin has been mute lately with no on chain development or ecosystem growth. However, present market metrics shows we might experience a brief respite before another leg-up as the asset is oversold as hinted by the RSI at 92. Our next support is the $40- $37 zone.