BITCOIN SV - Weekly Only If 99% Of People Knew...

BSVUSDT is the dark horse of the 'crypto' market, with many calling it a scam, fraud and whatever else and this WILL be something I talk about in detail another time.

Today, due to it being the 1st ever BSVUSDT analysis, i will keep this one short, sharp and sweet so we all have targets to focus on this week.

Before i go into the intricacies of the multi-timeframe for BSVUSDT , it must be noted that whatever BTC1! does, the WHOLE market tends to follow through, including $OKX:BSVUSDT. The difference with BSVUSDT and BTC1! in terms of price action is whenever BTC1! pump in price, we do not see a sudden increase unlike cryptocurrencies like ETH1! $COINBASE:LTCUSD. It's tricky to spot but if you have been observing the scene for over one year religiously, you will notice that one of the Bitcoins will tend to frontrun the other, usually it being BTCUSD taking the lead.

From the beginning of 2023 to the ending of 2023 has been an absolute rollercoaster with continuous bearish prices until the low was formed on Saturday 10th June 2023 @ $15.70. Imagine how many Bitcoin's you could've bought for $15!!??

From when the low was created, we have been on a steady incline to the upside, running on daily highs in early July before two monstrous bullish candles clocking in at 53.73% and 19.61% candle wiped out most short term traders and this realllly got the party started!

Ever since then, we have witnessed a minor retracement (i meannn, in comparison of the 73% pump within 2 days) so the areas that i am looking out for is the bullish order block that is highlighted in red around the $90 region if BTC1! is to run to $50,0000 - $52,000. Area highlighted in gold is the monthly timeframe and represents the bullish fair value gap created, which is being respected and acknowledged.

If the lows of the monthly fair value gap is broken, there's a good chance the weekly fair value gap will be the next area short sellers are willing to draw on liquidity which is located between $35 - $44.

I won't lie, i hope it does get down to that level because i ain't done buying!

My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN

Comment:

If I zoom out a bit and observe the weekly timeframe, it's evident that the two price points that BSVUSDT will ping up and down in is $56.42 - $96.07 (candle body close). BSVUSDT Is highly manipulated and volatile meaning we could see 1 candle penetrate buyside or sellside so quickly, you could get wiped out if no stop loss is utilised; something like the daily bullish candle on the 27th Dec 23