Bitcoin Cash SV (BCHSVUSDT) Reversal Signals Is In (35% - 80% PP

6 feb 2019

Bitcoin Cash SV (BCHSVUSDT) is giving out a very clear reversal signal, so it is very likely to move up and generate some good profits.

• You can see the line I have marked on the chart as stop loss (brown dotted line).
  
• Price went below this line just to quickly bounce up, forming a Doji candlestick (marked light blue on the chart). When this candlestick shows up at the end of a trend, it is a clear reversal signal.
  
• Bitcoin Cash SV has been retracing since the 22nd December, and now you can consider this retrace complete.
  
• Volume increased significantly compared to past days.
  
• Profits potential on this bounce can range from 35 to 80%.
  
• Targets, stop loss and additional details marked on the chart.
  
• Condition for change: If BCHSVUSDT moves down and closes below $61. The above signals would be invalidated and a new analysis is needed.
  

A view on a shorter time frame:

- The signal here is different but it can be seen that a reversal is on its way.

Note: We use a manual stop loss:

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