✴️ Bitcoin SV Ending Diagonal | The Intuitive Signal

8 giu 2023

Is this an ending diagonal or a triangle?

Bitcoin SV just hit a new All-Time Low which is a major development and also a great signal for us "bottom fishers"... You know the saying, "once you hit bottom, the only place left to go is up".

My intuition recently alerted me saying something like this, in a whisper... "Hey Alan, check BSV"... Well, not really, it was more like, "Look at Decentraland and BSV" on a bland tone while at the same time pictures of the charts were coming up in my minds eye.

As you can see from the chart above, BSVUSD has been crashing since April 2021 with no major bullish or reversal signals.

The pattern I mention at the start is true and the ATL... Oh wait, there is more.

One classic and quite accurate signal comes in the form of divergence and these work great to alert about potential reversals.

First, the chart | BSVUSD Weekly RSI


As you can see, the RSI bottomed November 2022 and started to go up, while BSV continued down so this is a strong divergence, coupled up with the pattern, 8-May sessions Doji, the ATL and my intuition...

Low risk (tight stop-loss) vs a very, very strong potential for rewards.

Thank you for reading.
This is not financial advice.

I love you!

Namaste.