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RSR / TetherUS

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RSRUSDT trade ideas

Successful short leads to RSR Long to 0.0027 and 0.004I came close to registering the fist loss of 2023 by shorting the first wave too soon. Instead I held off and waited for the dip to 0.002169 to accumulate again. My rule for 2023 was simple. Only close winning trades or break evens. This is a perfect gold fish sequence in the daily time frame; 1: The orange line the "gold fish" was broken 2: the price was trapped shortly after. 3: We pushed into the upper range to find the distribution zone The next thing we will see is a break of the upper moving averages to the last blue line first TP. Following this move we will turn the last blue line into the new support and all the moving averages will compress. Depending on market wide conditions this could lead to a 6 - 12 month up-trend but I am still cautious. In my strategy both longs are short are equally important and play their role in exposing me to opportunities and protecting my capital. Hold, share, educate.
Long
by ASX1X
The short I was looking for! RSRI genuinely believed RSR had begun the "gold fish" sequence at 0.0022 but people rushing in with the fear of missing out pushed it higher. White line is placed at the "trap". The best place to execute a trade. Red line is where I went short believing the rally was over. Blue Line is where I have my bids set on the exchange. It is possible that RSR continues climbing higher but my chart is showing that the odds are in favour of a downtrend towards 0.0021 and 0.0020. I started this year with the mindset of only closing winning trades. I.e I am willing to hold positions that are negative in equity until I can close them at break-even or at a win. Currently this is the only position where the potential to close at a loss is real! This would be the first loss of 2023. Perspective is important, and closing a single losing trade was not part of my plan but on the bright-side It is starting to look like we are at the beginning of a new macro rally in the digital asset market. The tell-tale sign is that people are just piling in to purchase at very high prices.
Short
by ASX1X
✴️ Reserve Rights Begins Recovery (1,2,3,4 Steps Pattern)When we see a strong drop, we can expect to a strong recovery. The SEC bad news caused tons of fear and uncertainty, people started to doubt. This is the perfect opportunity for the market makers to remove the weak hands and thus we end up with a lower low compared to January 2023. The stronger, bigger Altcoins produced a higher low as #3, the weaker ones a lower low... This is immaterial, what really matters is #4, the new bullish wave. The weak and the stronger pairs will grow. Bitcoin and the Altcoins, the entire Cryptocurrency market will grow as whole. Namaste.
Long
by AlanSantana
Let's find some better bids! RSR on the one hour chart.Brilliant move on RSR and good extension in the one hour chart. I am taking a short here as I believe the trap has been sprung. I distributed and shorted at 0.002228 and set my bids at 0.002130 As usual I am using the "Gold Fish Strategy". I am really enjoying taking shorts on the one hour chart and longs on the daily charts. Please check out my previous posts to learn more about my strategies and I welcome you to design your own and challenge or improve the gold fish strategy!. As always, keep a positive mind set and be kind to your self. Win, hold, share, educate.
Short
by ASX1X
2
RSR – High Risk High RewardFirst, I would like to say that I don’t know anything about the fundamentals of this project. This is a chart analysis only. If you’re a fan of the project, don’t take it personally. RSR’s chart shows a lifetime downtrend. RSR pumped hard between October 2020 to April 2021 and since then it is in a downtrend. I can’t see a reversal sign on the chart. Since April 2022 RSR is forming a falling wedge. You can see on the chart that it is respecting the support and resistance lines very well. Hypothetically, should the bull market return and if RSR performs well, it could go back to its ATH. If it does, it’s almost a 50X. From my POV, it’s a complete Degen play but, I might try it. If anyone knows something about this project, please put it down in the comments. NFA Feedback will be appreciated. Best wishes to all.
by NewThoughtCrypto
6
RSR Finds the Pivot and gets "trapped". TP 0.004 First play in the sequence took place and the price got trapped at .002030 I was expecting this move to take place so I distributed my position around .002090 and set my bids accordingly. The result is that I have added to my long term position through this quick swing as the profits have been used to buy discounted RSR. Next play I am looking for is a bit of froth depending on Market conditions. If the market is eager for a rally then there will be no froth and we will see a sharp move towards .0029 If the market is on edge we will get a drawn out range and this could push RSR back to 0.0015 before continuing the trend. If the market decides this is not the end of accumulation phases I could see RSR going 50% lower from it's current price So far I am happy with my bids and the fact that the gold fish sequence is once again playing out. I know some of you won't like to hear the potential for RSR to go lower again but it's a reality I would rather start planning for now than later. I wish you a prosperous week ahead.
Long
by ASX1X
Learning when to Short will change your life; RSR Inverted chartI have dedicated most of time in trading to learning how to short and developing a system that works for me. If I can't find a level to take profit; I invert the chart and go into a lower time frame. Now it is as clear as day. First thing I am looking for is a "trap" or "pivot" around 0.002020 - 0.002038. If the trap works this level will "trap" the price and a quickly move towards 0.0029. I this sequence takes place I will start setting up TP around the 0.0035 to 0.0042 Check my previous post to learn about my "Gold fish strategy". It is a combination of Wyckoff Accumulation patterns and moving averages with the odd indicator. Very basic maths & price action. All the targets are literally printed on the screen. Win count for 2023 39 W - 0 L
Long
by ASX1X
Ascending PVT on RSR goes un-noticed. Bids filled.Entering an accumulation period on RSR after seeing a consistent Price Volume Trend. Price Volume Trend or PVT for short is in my opinion far more insightful than Volume during accumulation periods. PVT shows a continuing up- trend in price -volume & trend despite market sellers pushing the price down. Hence it being so insightful. In fact what the PVT is doing is registering the buying & selling activity as part of the increasing trend or shall we say "active trading" From my own experience, chart patterns such as; channels and wedges form in the PVT and can be easily traded as normal chart patterns. RSR is currently testing the previous PVT + Price ATH ; ie. the trading activity has remained as high as it was at the ATH. High trading activity shows that there is still the same level of interest in the project as there was at ATH. I hope learning about PVT has been useful for you and I would encourage you to research it further and create your own unique perspective around this powerful indicator.
Long
by ASX1X
3