BSV has been running at snails pace over the last few days while BTC have been having a small wave party... where we all got an invite. It was fun as now we can buy more BSV as it is just about to take off.
So breaking down the chart, BSV moved in triangle patterns, each and every chart develops it's own pattern and forms a pattern memory from the traders that buy and sell. So how BSV is tending to move, is triangle up, quick move up, triangle break down, form a flag, then we should get another move higher.
Tradition charting says the length of the flag pole from the first move will form the basis of the target for the next move. Ironically that takes us to target 2 from my previous BSV Chart.
BSV is a scalpers dream, it has moved all week in $10 movements allowing book end sells and buys!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
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BSV DIRECT HIT !!!!!!
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BSV DIRECT HIT!!!! NEXT TARGET
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BSV on Target to hit $274! Flag forming and looking strong
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BSV still holding strong in the flag, looks to be final stages before a move higher
@LisaNEdwards are we still on wave 4 coil or triangle of bigger elliot wave? and do you think target 3 is end of wave 5 on 1D chart. thanks lisa as always. you keep it simple. and simple is best .