RSR/BTC: Correction to Golden Pocket Then Another Leg Up
A doji has appeared on the 1 day time frame indicating an early reversal may be in the works. On the 4 hour timeframe you can also find a head and shoulders pattern has developed. RSR has also strayed significantly above from its previously established trend line. Such powerful move up would suggest an equally powerful move to the down side in due time. Watch for the price to fall back towards the (61.8 golden pocket); RSR is in a confirmed bull run and should continue its price climb once it has undergone a healthy correction. From that point I am anticipating a large move to the upside. Inversely, price can continue to climb from this point; however, if it does, that is a ride I will politely pass on taking.
THIS IS NOT FINANCIAL ADVISE. ENTER INVESTMENT POSITIONS AT YOUR OWN RISK. CRYPTO IS HIGHLY VOLATILE.
THIS IS NOT FINANCIAL ADVISE. ENTER INVESTMENT POSITIONS AT YOUR OWN RISK. CRYPTO IS HIGHLY VOLATILE.
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