I think I am at a point here where I might have to make a decision soon.
If the ratio holds here, we can still see our drop and it will all align.
BTC could drop by 50% to $6000 area.
BSV could drop to $100 area.
BSV/BTC could hold here at this trend line.
These things could all happen.
I'm switching from bearish to neutral now.
Thinking about possibly getting back in.
Going to start looking at all the altcoin charts.
I don't think this is a long term move, but could be a big short term move.
All markets, gold, silver going to make new highs possibly.
Usually we see the BSV/BTC pair 'pump and dump'ing. - But we are witnessing a retest of a falling wedge right now. - It might be the beginning of an (long term) uptrend here. - Considering the positive news that Binance (better said: Users that use Binances mining pool) began to mine BSV quiet extensively. (~13% of all BSV hash rate as of today).
With Binances...
BTC is currently still around $9200 and going sideways.
Yet we are already at this trend line.
I have a feeling BSV is going much lower than anticipated.
I don't see this trend line holding if BTC drops in value.
That means BSV will be harder to guess.
Let's watch this trend line closely.
FA: Bitcoin Satoshi Vision is a hard fork of Bitcoin Cash, which is a hard fork of Bitcoin itself, all Proof of Work (POW) protocol.
Those 3 coins dominate the crypto market as they are in Top 5 market cap (excluding USDT) and they all halved their mining rewards few months ago.
TA: BSV (also known as BCHSV) is in that parallel channel since beginning of the year...
We are headed in a straight line to the bottom.
You have about 30 days to prepare yourself.
I expect BTC and BSV to find a long term bottom around mid June.
BSV is moving as predicted. Very strange. If it does not have a strong correction, we could possibly be targeting the trend line exactly on the BTC halving.
If BSV is your goal, you need to start preparing. This is coming within a month I think.
I am now expecting to be making my buys within 30 days.
Get your money ready. If I get the dump I am looking for, I...
I know I chart a lot of BTC, but the only coin worth buying is really BSV.
BTC hit a bottom at $3000 and started a move to $14000.
BSVUSD sat at $65 for a long time and barely went to $50 on the delist news.
BSVBTC was falling for most of the BTC rally.
I am preparing for this again. BSVBTC has still not corrected enough for me.
Even if BTC starts a rally from...
I feel sorry for those of you that held and didn't take profits at $300-400 or even worse for those of you that bought new positions.
BTC is making new lows. I am not buying any time soon. We need to see a flat bottom.
World markets are going to go lower than anyone thought possible. BTC could even go to $3000 or lower.
Don't try to make quick plays. Now is the...
