short to mid term RSR prediction ! Bullish version 50% +plus.

Price heavily rejected from 0.009 area mainly due to BTC's weak stance and most importantly price action showed that we have huge buy pressure around 0.0075-0.008 zone. I drew multiple triangles to figure out most desirable possible price action. If Btc doesn't fail the whole market, there should be an attempt to 0.01 zone once more. I don't anticipate breaking upper end of of triangle right away but nobody can be sure. More likely we will try 0.010 and fail then check back to 0.007-0.008 level then hit 0.012+ range. If Btc fails, $0.0075 level should hold otherwise 0.0062-0.0065 will have to be the last stronghold! Anything under chart can not help us and not a good place to stay in the trade. Will be mostly random price action up and down.

Note

We went as far as we could I guess $0.0073(was expecting .0075 but little extra wouldn't hurt). Panic sellers giving easy time for whales to accumulate before this push.10% discount because bitcoin hit from 20100 to 19990. I would say this is an opportunity. I feel sorry for people who sells their coins because btc touches 19900 every time. They will continually lose money this way. Btc quite stable around 20k region while accumulation happening little up and downs perfectly normal. Now we should be able to attempt 0.01 to 0.012. if this works more than 55% will be in the bag!

Trade active

Trade got triggered @0.0075!!

Note

Added more to my position @ 0.0066 . Overall average 0.0068 so far. This correction allowed new opportunities for sure. We are touching the bottom of the triangle first instead of the top. This was also expected and better outcome. That is why I only bought 15% of the intended bag first. Reversal can happen anytime now. We are waiting for BTC to calm down. Shouldn't take too long. It looks like bears are exhausted @18.8k-19.0k range and they are surely overly trying with higher leverages. Over-leveraged positions in both direction can blow up anytime... This is the name of the game. I am only recommending spot positions at this time.

Note

Current bounce to 0.0072 region was great but Btc still not showing any strength yet. If btc revisits 17.5k-18k region we may briefly touch 0.006 area .Nothing to worry about it because it is probably going to be short lived. However If btc drops to new lows ,sub17k levels, things could get pretty messy or not. But the chances of Btc visiting sub17k is little slim. We may try double bottom attempt on Btc or not. Only time will tell. Overall RSR looks strong!

Note

As I was saying touch of 0.006 are was short lived but it was scary a bit. Now we get back on to our target. RSR performing great. We should reach our target soonish!

Trade closed manually

I overlooked at the crucial info about RSR coin release schedule. It really scared me. Since I am up 5% , I will close my position and watch the developments next few weeks. Please be aware!

Note

This is what I have seen so I am sharing with you at the moment. Because this could be bad for unexpected traders.
The summary below shows the details of each unlocking schedule, as well as an estimation of what % of locked RSR holders chose each option.

Option 1
This is the new option that was proposed to all locked RSR holders in Dec 2021. Here is a short summary of what this new option entails (please see the video above for all the details):

Instead of RSR tokens unlocking upon mainnet launch, tokens will begin unlocking linearly in January 2022 over the course of 6 months.
But... these tokens won’t really be unlocked, since they will still be in Reserve’s custody.
If RSR holders wish to sell any of their RSR tokens, they can submit their request, and can only sell tokens through one connected OTC desk.
This OTC desk will match sell orders with OTC buys and will limit selling on exchanges to about 3% of the real daily trading volume, in order to limit impact on the price of RSR.
After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell.
Here's a breakdown of the amount of RSR held by locked RSR holders that have chosen to unlock their tokens via option 1:

Reserve team members: 12.6b RSR (99.7% of this group)
Advisors, Contractors and Partners: 5.0b RSR (94.4% of this group)
Investors: 10.3b RSR (77.7% of this group)
Current circulated coins:18.45B
126B+5B+10.3B=27.9B
27.9B+18.45B= 46.3B coins could be circulating. It is 3x the current circulated supply. SO BE CAREFULL. 6 Months already passed! Because it says "After six months, the RSR holders who choose to go for this option will then directly receive all tokens they did not decide to sell."

SpaceCatZ

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