Horizontal Triangle - Wave 4Hope you're all off to a great start to the week.
After staring at this dang chart 24/7 since this correction began, I believe BTC is consolidating in this HORIZONTAL TRIANGLE before one last move to the upside.
Typically, PARABOLIC moves out of BTC conclude with a blow off top.
The horizontal triangle is a pattern that consists of five sub-waves that form a 3-3-3-3-3 structure, labeled as A-B-C-D-E. Unlike the motive wave, which also has five waves, this pattern reflects a balance of forces and travels in a sideways pattern. The sub-waves are corrective and form patterns of threes.
One thing to remember about horizontal triangles is that they always appear in the position prior to the final move of the pattern, or as the final pattern in a combination (described below). This means that they will appear as Wave 4 in an impulse wave or as Wave B in a zigzag. This one fact can help alert an analyst to a change in trend.
Reserve
$RSR/BTC 1D (Binance Spot) Descending channel near breakoutReserve Rights bullish breakout incoming from symmetrical triangle and parallel channel...
Current Price= 0.00000116
Buy Entry= 0.00000116 - 0.00000106
Take Profit= 0.00000163 | 0.00000189 | 0.00000224
Stop Loss= 0.00000085
Risk/Reward= 1:2 | 1:3 | 1:4.35
Expected Profit= +28.57% | +57.14% | +76.79%
Possible Loss= -19.64%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1080h
$RSR/BTC 4h (Binance Spot) Descending triangle breakout#ReserveRights is looking ready for the next move up, let's grab a bag here.
Current Price= 0.00000101
Buy Entry= 0.00000102 - 0.00000098
Take Profit= 0.00000112 | 0.00000124 | 0.00000132
Stop Loss= 0.00000088
Risk/Reward= 1:1 | 1:2 | 1:2.67
Expected Profit= +12.00% | +24.00% | +32.00%
Possible Loss= -12.00%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Very important moment for BTC the coming daysDo we get a continuation of a bullish pattern or are we exhausted and ready to go lower?
Downside targets for BTC = 10500, 10k, 9600 GAP, ~6-8k macro triangle structure. Long term we are in a bull market but short term there are alot of news and fears around the world.
Leverage long with stoplosses!
Reserve Rights - RSRReserve Right - a good project with a very good idea, team, advisors. On which I did x3.6 from 3600 to 14000 satoshi
We are now near the trend line, usually in such situations there are small upward movements, but as a result, such formations end in the breaking of the trend line and reaching the largest horizontal levels.
Best regards EXCAVO
RSR on Huobi - Climbing stairs to ATH?Let's take a look at Reserve's RSR on Huobi!
Technical:
1. RSI looks a bit overbought but for this coin its been on a tear recently and doesn't seem to be effected in anyway.
2.MACD looks like magic up and away!
3. All other indicators seem to be about the same a bit over the top.
4. Although RSR sometimes dips it's usually followed up by a return to the original price.
Fundamental/Team:
Peter Thiel is also on the investor list so is a lot of other highly visible people in traditional fiance.
Green/Fear Index:
Major greed right now but its been that way for several weeks , is this due for a correction - no idea your guess is as good as mine.
What is your price target for RSR?
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RSR Reserve Rights Fib Retracement levels to watchRSR Reserve Rights have a dangerous low Circulating Supply of 6,849,999,000 RSR from a total supply of 100,000,000,000 RSR so do the math what will happen to the price when all the supply hits the market.
For short term my target is at Fib 0.618 (7395 satoshi) for RSR, but in time can go even lower.
If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Ugly Cup-and-Handfle with nice breakout?Now entering into the top 100 cryptos in both price and volume, we may be seeing a parabolic breakout after conformation of a cup-and-handle pattern. I expect some bags to be shaking out soon, with greater selling pressure occurring as positions realize 2X gains; which would be a healthy retrace, and then return to the upside. Or other drivers at play could continue to drive the price further upward. Very common entries are equal to one, or two ETH, likely due to means of acquisition. Not financial advice, only my thoughts.
Reserve Rights - RSROne of those coins I see growth potential and now I'll explain to you. Why? What's it?
Company reserve.org
Reserve is a flexible pool of stablecoins designed to reduce risk through diversification and decentralized governance.
The company has two tokens:
Reserve (RSV)
The stable cryptocurrency that is economically and legally robust at any scale. Decentralized, 100% asset-backed, and funded by top Silicon Valley investors.
Reserve Rights (RSR)
The fluctuating protocol token that plays a role in stabilizing RSV and confers the cryptographic right to purchase excess Reserve tokens as the network grows.
As is well known, there are already we've about two dozen stable coins, but this's a project with a decentralized stablecoin that won't allow the team to conduct unlimited emission as the Tether company does;
The second - is the team;
The third is the initial investor Coinbase, co-founders of PayPal and others;
You can see on the site all the major investors.
Speaking of technical analysis, we've now broken through a long-term resistance line and this's a signal for many investors to enter a position.
Please, let us know what you think about it in the comment section.
Regards EXCAVO
The greatest PONZI scheme in historyNever in human history have so many been plundered by so few. And the crowd cheers...
"Paper is poverty. It is only the ghost of money, and not money itself." - Thomas Jefferson
"In no country of Europe," a delegate noted, "is paper money legal tender, but only gold and silver coin."
US constitution section 10 article 1:
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
They try to make those that say it is in the constitution that FIAT isn't legally money look like idiots, they call them conspiracy theorists.
Isn't that what this article says? Either way, the ponzi scheme - which the US government accounting agency has called unsustainable for decades (every year they publish a report where they say the same thing) - is about to collapse.
The scam has been made complex enough so very very few will understand it, and the few that do understand it can be dismissed as "weirdos" and "pariahs", which luckily for the banks is already the case since the smartest people in the world, the 1 in a million are by definition alone misunderstood and appear weird to common folks.
I can't explain this perfectly, and the greatest obstacle, the reason why this ponzi scheme has kept running so long is because people are too dumb to understand it, and don't care but they don't care because they don't understand how hard they get scammed.
I posted this several times but it's never super clear.
I found a clean video where it gets explained quite well, and on top of that he manages to resist the urge to get arrogant or insult the public, which is completely impossible for me.
"The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4" by MIKE MALONEY.
And not just for novices, I recommend this to every one that hasn't watched it yet.
We really have to get rid of our bank overlords.
Here is a list of some countries spending to GDP. France is at the very top of the list of course, they almost make the USA look reasonable.
tradingeconomics.com
There is a bigger list on wikipedia.
Capitalist countries steal the most from their population to "redistribute" (redistribute to the public what they stole from the public one way or another).
Socialist countries steal the least from their population to "redistribute".
Biggest scam I have ever seen in history.
Haha France is the biggest spender but the shithole with the largest deficit is... tada! Venezuela!
In 2020 I expect the USA to steal the top spot in both categories from France & Venezuela.
The USA have not just robbed their own people, but also the whole world (because the USD is the reserve currency), so that scam is going to collapse too...
They have taxed the world for decades, and when that falls alot of indirect income is gone. Which will make the depression much tougher for them. And interest rates are already at zero.
It's an absolute catastrophy for this country, they have no way out. It's going to go boom!
Total Fed Balance Sheet and GDPSince 2003 the USA's GDP has grown about ~100% (roughly)
Since 2003 the USA Federal Reserve's Total Assets on Balance Sheet has grown ~800% (Roughly)
Interesting... What are your thoughts? Does this matter in the new 'debt' economy we live in?
If people own your debt as treasury bonds / securitized debt, don't they have a bias to see you succeed long enough to pay back that debt?
Much Love
xoxo
snoop
RSR - Potential for growthJust one more short altcoin review.
RSR - a cryptocurrency used to facilitate the stability of the Reserve token, i.e some kind of shares for RSV (stable coin).
Doesn't look too stable lol, but max drawdown if just buy and hold is moderate - only 67%, far from the worst result among altcoins. And looking to the chart it can be noticed that it pumped with btc.
So, if btc will pump soon (due to halvening mb) there're good chances RSR will do 1.5x-2x.
Ofc it's not a good idea to buy it now at resistance. Better to decide when BTCUSD goes up.
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Information is just for educational purposes, never financial advice. Always do your own research.
bullish pattern in a bear marketHey,
So the 4hr is showing hidden bullish divergence on the macd, rsi, and mfi
Everything is saying number go up
We're kind of dependent on what bitcoin does here.
Cheers
Reserve looking for a reversalHey guys,
Looking at Reserve’s Rights (RSR) token today. Seems like it wants to fall and test 21 sats again or finally fall for its listing low of 14 sats. Macd has yet to cross it’s lines to suggest a positive trend change and the rsi has never been sub 20. At least on Huobi.
Might be worth considering the mfi has been sub 20 for the past couple days.
Cheers