". There is a possibility of temporary retracement to suggested support line (189.9400).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BitcoinSV/TetherUS is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a...
#BSV - Trade continues is this parallel channel, it is beautiful. Price of $BSV at accumulation mode for a very long time now. Get ready, got the feeling that $BSV will start showing some strong green candles 🚀
Multiple 1-2 1-2 1-2 patterns on the fore front. I believe this one is the cusp of something big. Too early to call Fib goals at this point, but not to early to put a small position or two for me. I know I will be watching this one with vigor. Not financial advice.
When we look at the Bitcoin SV monthly chart, we can clearly see that similar movements are repeated throughout the market cycle, as well as these movements are repetitive, they also show a temporal symmetry, and the similarity is quite surprising..
In my opinion, we will see again the same fractals that have occurred in BSV from past to present. I think...
When NVT (bottom graph) turns green in history it starts an upturn in the bitcoin cycle
we are not far from it.
4400 btc price is what I'm expecting to be the bottom as it hits the historical yope as it has with EVERY halving.
just my opinion of course but its been the same twice before,
btc price reaches the bottom of the yope channel around 4300
Because the move up slightly invalidated our previous pattern, I have created scenario two, this lines up with the Coingeek announcements slightly better.
Either way, we will drop from here.
A drop below 275 - 285 is expected for this scenario, although I cant rule out a drop to around 250 under this pattern.