Looking just at the last 4 RSI cycles, the cycle lows have fallen just in place except for the 3rd, which was lifted back up on the news that Japan launching an exchange mid-May. The three lows were from SECs decision mid-March, Hard-fork mid-July and Jamie the most recent.
It looks the dip (or Price Correction in traders speak) is imminent for whatever reason (sx2 fork or no fork) until the market factors in the so-called ‘true’ value before rising high to reach the 9Ks by Christmas.
Please feel free to comment your view or even better ‘Like’ so I can get enough reputation to start chatting with y’all! xD
It looks the dip (or Price Correction in traders speak) is imminent for whatever reason (sx2 fork or no fork) until the market factors in the so-called ‘true’ value before rising high to reach the 9Ks by Christmas.
Please feel free to comment your view or even better ‘Like’ so I can get enough reputation to start chatting with y’all! xD
Notice the RSI cycle lows as predicted… Had to add the above link as the Play button does not move the RSI unfortunately.