Panjang
BSV looks similar to Apple
Technically, both show a similar structure with a leading diagonal, a long correction, an ugly rounding top and a struggle with the 0.618 retracement.
Apple also had a bad narrative in the nineties like BSV today. Microsoft were taking over, bankruptcy was on the verge and the products weren't very popular.
In my opinion, BSV is the riskiest bet in this market but one of the very few with an enormous risk/reward ratio. Obviously a breakout is not imminent and it could take years for reasonable prices. Only a catalyst from outside could move this crypto and we all know there is only one potential event that could make this coin break out.
Apple also had a bad narrative in the nineties like BSV today. Microsoft were taking over, bankruptcy was on the verge and the products weren't very popular.
In my opinion, BSV is the riskiest bet in this market but one of the very few with an enormous risk/reward ratio. Obviously a breakout is not imminent and it could take years for reasonable prices. Only a catalyst from outside could move this crypto and we all know there is only one potential event that could make this coin break out.
Penafian
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