I'm looking at the weekly candle. Wow does it look like it's getting ready for blast off. It made a lower wick during the beginning of the week now it looks like its going upwards.
I wonder What price to sell 20% of my holdings at, then to get back in on the new low.
Bitcoin SV is in the bearish trend for now, below the resistance level of $198.56. All technical indicators suggest a sell signal in Bitcoin SV coin price. If it breaks down the support level of $191.44, we can see another fall from here till the next support of $184.47.
Support: $191.44, $184.47
In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty...
Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess.
What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo...
Remember about a week ago, I drew those lines.
Like I always say be prepared for both scenarios. There are only two scenarios Up or Down. Find a management system that allows you to profit from both scenarios.
I bought at the dip and sold 25% at the current prices. I think It will retrace to 170$, I could be wrong but I am okay because my system allows me to...
I'd like to ask about the probability of this happening.
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...
I haven't been posting much because I've been busy with school.
Be careful, BSV might fake a downward breakout, then reverse and make a new high. Be ready. if you want to go in, I suggest using 30% of what ever you want to use, buy in with 30% then see what happens, if it goes lower drop the other 30% in and manage it. Keep your money safe. Only buy dips....
The fibonacci numbers that are supporting the current price of Bsv is very good, if the price lingers around here, it might drop down to $120-150. Which again I'll grab at the first exhaustion, then I'll grab some more Bsv at a second or third exhaustion.
Before you make any decisions regarding what I'm doing. Please do your own research and take care. Don't...