I believe that the triangle I've drawn in orange illustrates this along with the fib time extension. Although, orange indicates I'm unsure on it. I don't believe the price will go above the top black curve or below the bottom black curve as these indicate big levels of resistance. I've tried to see what patterns lie since the big drop although I have no clue....
Bitcoin BSV rallied significantly since my last post and more upside is expected.
Price has rallied a lot and partial profit taking is taking place but we could see $600 as a final price target.
Bigger pullbacks are expected now that it is volatile but as long as you listened to my last post you are positioned very very well.
Let's go Ninja's! :)
#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...
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.