BSV/USD Bearish

BSV/USD still has more bearish momentum than bullish. RSI is slightly bullish, but the overall pattern is a long, descending triangle, and the weekly looks to be close to closing red coming into resistance. BTC/USD is also bearish with longs still above previous ATH, so a rational margin trader would be short on USD pairs.

A conservative trader would be largely in a stable position. The other thing to consider is that weekends *tend* to be lower volume, and so do holiday weeks, so stagnation or bearish movement is more likely than usual too, given all the variables.

I drew out bear case in red, and bull case in green just to keep note of possibilities.

In the longer term, a bearish move now sets up a nice bullish divergence and potential for a bullish move for late January or early February which lines up nicely with the launch of Genesis and the CoinGeek Conference in London to celebrate the first blockchain without a hard-coded block size limit.