Bitcoin SV Symmetrical TriangleBitcoin SV has formed a large symmetrical triangle that I previously overlooked, with multiple successful descending scallops, a break from this symmetrical triangle could turn this very bullish.
BSVBTC trade ideas
BSV looking ready to go!We can see BSV has had some bullish momentum, the momentum indicator is shooting nearly straight up. The daily looks like it will close in the cloud with a bullish candle with volume, not to mention the TK cross and Chikou are both bullish.
I would wait on this one to see if it breaks above the 0.618 before going into it, but it also would be safe to do so as if it does chikou will cross the kijun which is even more bullish for me.
This would be a nice 2.2R trade.
Chart, Educate, Learn, Repeat!
Coach K
Twitter: @coachkcrypto
Potential support BSV/BTCPotential support here for BSV/BTC. Very good Risk / Reward : 1 : 30. If you think the SL is too tight, you could just increase it, and still have a very good Risk : Reward.
Entry: 0.0215
SL: 0.0213
Exit: 0.0300
Set your Orders, and wait. Be patient.
Give me a like and you will receive updates from this trade, If our stop gets hit but structure isn't broken, I will post an update.
These are my shared opinions, and not financial advice.
Naturex
BSV/BTC Leveling Up 10%+BSV is showing signs of another strong vertical move upwards, continuing its "steps-up."
We just saw a falling wedge pattern retrace to the Golden Pocket, which is generally a bullish indicator.
There are indications that we are replaying a previous fractal, which was our last big move up. If this is the case, in the next few hours, we could see a big move upwards.
I'm preparing for a bullish scenario to play out and have a long in, but I've set my stop-loss tight to keep my current profits in tact.
Shitcoins are very tricky, and totally reliant on Bitcoin. When Bitcoin trades sideways, the shitcoins rise. But when Bitcoin makes a strong move in either direction, it usually kills the shitcoins.
Where this is great reward, there is great risk.
BSV/BTC Ready for the Next Level 20%+BSV is still testing its major price points compared to BTC.
We're formulating a bullish falling wedge pattern that should resolve in the next few hours.
The best way to play this is to play the breakout. Get ready for bullish/bearish breakout, with a bias towards a bullish breakout because of the falling wedge pattern.
Don't get greedy. BSV is definitely a shitcoin and is not to be used as a long term hold. Couple days maximum.
