MrScalpers

MrScalpers

It been a while, BITW has crossed a major downward channel. The current NAV is sitting around $34.71 at the time of this post. Some would say it’s a good time to buy if the price of the shares are below the NAV price. I would say that’s not a bad plan if you want to buy and hold long term. I’m currently waiting for the crypto market to take a breath. I’m...

MrScalpers

The price action was kind of messy after the most recent peak. It’s currently shaping up to make another move higher, at least that’s what it looks like to me. I don’t follow the technology of ICP but I know it’s been extremely beaten down. My short term target is roughly $25 If it breaks through $25 and finds support on the downward facing channel, the move...

10:37

MrScalpers

Hope you guys enjoy the video! In the video I describe my thoughts on where NVTA is going in terms of price and why I think we could see a large bounce. I use price channels to find structure and typically only trade what I'm charting if price respects the channels. Let me know if you have any questions.

MrScalpers Updated 

But how high will it go? I put three price targets that could be hit within this month. Based on BSV/USD past trend, I would see no reason why the minimum price target would not get hit. One of the questions I'm asking myself is, what happens IF we break trend going north? Could we see a $2,000 or $3,000 or maybe $5,000 BSV price this month or...

MrScalpers

For the time being, it appears that BITW has bottom at around 35% above the NAV price. The last bottom was at around 23% above the NAV price. Perhaps the next bottom after this could be 45% above the NAV? Could we be seeing a trend here? Could the next top in BITW be when the NAV reaches $40?

MrScalpers

I wonder if this will drop down to +23% above the NAV? With the NAV gaining value every day and BITW losing value, we could see it happen! Happy New Year : )

MrScalpers

But don't worry, support and resistance is really a fallacy when it comes to BSV and some could argue many other assets. I honestly wasn't sure if we would ever hit this line but looks like we did, but is it a good thing? It is a good thing, maybe it's even better if it breaks lower depending on you perspective towards BSV. Actions: Accumulate and use...bet...

MrScalpers

I think it might be...ya know...because the NAV is telling us it's over valued. I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74. If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH). That's a $0.41 difference or almost a 2%...

MrScalpers

I previously posted a monthly chart of BSV with kind of a negative outlook. I have been dabbling around with line charts lately...you know...because they say don't use line charts in your trading! So maybe there's something to the line chart that most people are pointed away from? Anyway, this looks so beautiful to me! So clean. Don't you think so? I don't...

MrScalpers

Transparency: I own a decent amount of BSV! I use Twetch occasionally and looking forward to more things that will be built on this blockchain. The technical opinion is below the line in the post. I think it goes without saying that BSV/USD is not an asset that can be traded like other crypto assets. I am of the opinion that BSV was highly manipulated around...