Longing $BSV till Kumo bottom then shorting for 1.68 fib This is a scalping trade I am taking on BSV
I would not put in more than $100. If both the long and the short trade comes out successful, then the potential profit is $5000. In other words, I am trying to convert $100 into $5kish.
There are two legs of this trade. One leg basically involves price rising till the top of the flat Kumo cloud. Then it gets rejected and dumps for 1.68 fibs.
BSVUSD trade ideas
Call Me Crazy, But I'm Buying HereHash rates may be bottoming here.
Obviously Craig Wrights court case is something to speculate on, but the case has been pushed out until mid this year ~June unless it is once again pushed out.
If evidence doesn't show that Craig is irrefutably Satoshi (Which is most likely the case) obviously that is bearish news.
However slight this chance may be, that he is Satoshi, i am willing to take that risk.
None the less if we stay in this channel the only direction is up from here.
Good Luck And Safe Trading.
BSV/USD: Can Bears Break the $170 Mark Until the End of the WeekOn the daily chart, sellers are also controlling the situation. The MACD is about to enter the bearish zone soon while will confirm the ongoing decline. The selling trading volume is also quite high and the closest stop may be the support of $150. Such a scenario is relevant until the end of summer 2020.
LONG - BSV - Trading OpportunityFTX:BSVPERP has yet to make a move, even with BTC's pump along with all the other perpetual contracts along with it. This MA50 seems like the perfect opportunity to get in before the ride.
Entry: 193.52
Target 1: 210
Target 2: 220
SL: 184.59
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