RSR needs to hold key support. lots of supporters but FOMO can only last so long while the alts take a bit of the market back from #bitcoin RSR needs a bit of fomo to keep momentum Not sure the whole project can provide good FOMO for a while at least Telegram group very quiet and social media. SO!! i hear you say.... but its important in crypto as you all know
THEY NEED TO BE FILLED, ideal would be the pink line as it would fill 8500 then break the downward trend line to fill the higer one, the other one would be a night mare for #bitcoin
Im not sugesting this will happen but theres a chance it could descending triangles dont lie, while your watching over the next weeks we need to break through the descending line hard and high and set a good support, if not you need to keep an eye on it still futures gap at 8500
regardless of btc price, RSR is looking weak great project but like all the rest its become a fomo v fud war. candles are bearish.
two gaps still to be filled, not finical advice obviously but id be stunned if that 8500 is not filled, even by a big wick!!
we need to follow the blue channel, if not we are in a bit of poo poo. showing that it bounced on the support of 9400 or there about might sugest we could follow blue, rsi not giving anything away but its not over sold, not under sold, i would wait for confermation
if we break that black trend line, ooooooooops!!
long term pattern forming. Ive never been one for 100k, million, zillion BTC by 2020. halving needs new money coming in, show me proof the institutions are buying? beware of shillers, most run funds that use other peoples money so they will try to influence the world to get into bitcoin. thats why i avoid twitter and youtube
RSR should increase slowly. In a solid bull run x10 could possibley happen i have seen people shouting x100 x200 dont be foookin silly! have you learnt nothing from 2017 slow- secure- gains
will it be this week????????? in my opnion there one hell of a move coming. im shorting but thats just me!! theres no rules 14k or 8k .... exciting stuff
in my humble opinion we could see a big break down! NVT needs to break that trend line upwards to take us to 13k but who knows, its a case of keep an eye on it, theres 2 futures gaps still to be filled at 8500 and 10800
possible cup and handle OR bull trap. great local run, possible cup and handle on the 4hr BUT RSI topping out on 4 hr also 1 hr rsi really has nothing to say, daily rsi also. im waiting to see out come, bitcoin is a long project why rush !!
the bottom channel on log seems to be its mos safe trade long term
WEEKLY #BITCOIN chart looks bearish similer to the last run, IMO i think mid 7k COULD be a target for the bears.
Bitcoin could recover in august. this last mini bull run was far to steep for shuch a short time. that 8500 gap needs to be filled where it could meet the EMA, and level the rsi
imo #bitcoin correction is nearly done. when maximalists on twitter have said many times " you wont get btc for under 10 k again " for the last few months i put in a short , what ever Ran says do the opposite
RSR broke its recent support uptrend line. depending on BTC obviously , RSR might take a while to regain some uptrend. brilliant prospect RSR conflicting messages from the RSR team are not helping to be fair and most holders are confused to how it works, RSR really need to remember that not all holders understand economics and crypto.
past bull markets have have far more volume, i think the whales will drop their BTC and start accumulating at 8k bringing in others to have a solid volume base,before we rise on to the bull market fully