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...
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.
Quick BSV update.
Im still expecting the move up to break 328 before we drop to the 235 (maybe below) level. Nothing has changed just the current smaller corrective pattern.
It actually looks a little clearer now. I am also doing video updates on Streamanity. but I need to check with the TV guys if I can post.
It looks like we are painting an extended C wave now due to the corrective nature of the smaller move.
Expect a pop up to break the top of the A wave followed by our expected drop to complete the correction