0-100% rating system.
1. What is the probability that BSV will shoot lower, move sideways and then shoot up?
2. What is the probability BSV move sideways and then shoots up?
3. What is the probability of this being a fake out, and tomorrow will shoot up?
Looking at the history of BSV and how it moves gives us a chance to see BSV personality.
1. What is the probability that history patterns repeat in similar ways?
Once we can think of this, I think that the price will hold here a little while or drop more, I'll give it a week to see what it does.
Looking at the weekly chart, its a candle without a High wick, this is powerful considering crypto doesnt rest on weekends. The weekly looks strong, so there is a possibility of buyers keeping the price where it is, or there is a possibility buyers want a lower price to get in.
Unless major news or utility kicks in I don't ssee the price skyrocketing this week.
As I always say, I already have positions in, I've managed my account where I'm a certain percent in with a comfortable unrealized loss %, at the same time I have some ammunition(money) waiting to be placed in at lower prices or current prices, depending on what happens this week. Either way I'm set in any direction it moves.
Cheers, Happy trading.