So for PSP, guys busy. Oh, my god, it is that good. Why is this not good yeah, because we are already through the skinny pimp line number 1. We have through the skinny pink line, yes yeah. Potentially, we could go lower but I'm already seeing a double bullish divergence over here and there is a lower low on the price. Yes, but a higher low under make D higher low on the RSI, which means that potentially there could be a bounce coming yeah. We could be rising, they could be a rally, it could be a bounce, so watch out for it it's just that things are still very, very bearish. If anything, this is a. I don't even know how to do this. This is a tree wave structure. You know we should bounce back up for a fourth and a fifth wave towards the downside right so 1. 2. 3. 4. 5. Potentially this would be a five wave structure yeah, but that is not I'm still, not entirely sure which you don't see it. Yet. Let me just join let's, join hands and sing along sing. What sing a song you raise me up, yeah and hopefully ESV Rises. So so I can stand on mountains. You raise me up yeah anyway um. I think this is a freeway structure. No, we might get a five way structure of us before we rise towards the mood, so at least amount of time. We'Re still not entirely sure we really unintelligible for bsv against BC.
I don't see any clear, a pittance, except you know this falling, which of sorts yeah, a channel which, which I think that eventually will probably break the support line. One fine day when I told you know one day: yes, okay, I really don't. We must do form a triple triple bullish, divergence, triple Q. You might get a triple Q first before we move towards the upside he'll, be greater if he could still drop a little bit lower, but in a controlled manner. Yeah. That would be great. But if we start dropping in an uncontrollable manner, then they'll be very bad yeah. This will probably form new all time lows for bsv against PTC, so be very careful about going into Bitcoin sv too soon, all right, let's, move on to b sv against USD, but before that, please give this video a like. If you enjoyed it subscribe to the channel, I mean no cheating about PSV in their comments, P know so, obviously, again coz. We have hit target one piece. You have target number two. Let me just let me just pull this out. One has really been it a hit for 1' point 510. You 9 point: 5 yeah we've been hit there's. Also another title here which is talking about to 117. I think. Eventually, we will drop 217, though there'll be another 30 more to go. Yeah, so be very careful. This actually looks very scary to me. Is there any mountain one mountain to mountain three Mountain? Well, you're gon na get mountain five, Oh God, we're gon na collapse even lower from here.
So things are not looking good for Bitcoin SV. However, however, however, we could see some positive movements here if the will we'll eat, we already retraced to the 0.6 on eight hold on retracement ratio, so which means that potentially this could be a rebound coming in right. We could start rising up from here. It goes, 0.618 is the golden retracement ratio, and we have really retraced to 0.618 it's, just that we still talkin umber two and we are still Edmunds that we will very likely be hitting target number two it's, just that and yeah. We might hang around and talk around here for a little while first before dropping down to one one seven. So there you go, but once we hit one one, seven then very likely this neckline is you're in danger of breaking and then once we break this neckline yeah danger of dropping to double digits right hundred and seventeen is very close to double digits, and so we Might drop to under 100 we might drop to how old are we gon na go yeah sixty iron? Oh, I just don't have the targets at least one of time, so the danger is there. The danger is real, so be very careful about going into a tree too soon. Alright, I guess, is it from my BSP technical analysis. Thank you very much for watching. I hope you enjoyed it.