RDD buy in Targets before it moons
Actualizado
I am seeing two possible buy in targets for RDD; they are both circled.
1. would take place sometime near 05/17 22:00 UTC (8PM EDT UTC-4)
RDD/USD near .0067 USD
RDD/BTC near 86 Satoshi
BTC ~ 7770 USD ~ .618 retrace
2. would take place sometime near 05/21
RDD/USD near 0.048 USD
RDD/BTC near 66 Satoshi
BTC near 7200 ~ .786 retrace
The first higher buy in target I think has a higher probability than the lower buy in target. Here is what I am thinking on both targets.
Target 1:
Evidence of this taking place would be seeing the bottom drop out from the market today 05/17 and then seeing a sharp trend reversal after bottoming out. I am using a combination trends and patterns in both BTC and RDD to make this estimate. BTC would tag near its gold ratio retrace at a bottom support trend line at the time mentioned above.
This pattern would make the C wave in RDD much more like wave A. In wave A we saw it following a trajectory of hitting the .618 retrace on 05/14 (this trajectory in wave A is marked with a trend line on the chart), but then it sharply dipped below this trend line. We have here wave C doing the same thing and then hitting very close to the same bottom value as wave A.
RDD/USD Wave C is 2:1 (50%) with wave A; wave 2 near .618 fib retrace of wave 1
RDD/BTC 86 Satoshi; C wave zig zag, wave C of C is 1:1 with wave A of C; wave 2 50% retrace with wave 1
BTC = 7770 USD ~ .618 retrace
Target 2:
This lower target is ultimately where the projected waves are showing the cleanest numbers; and RDD/USD is hugging its trajectory perfectly so far. Evidence of moving towards this target would be less sudden moves in the market where is stays hugging close to the norm line. Even though the numbers are preferring this lower target, it is not the highest probability based on the length of time it would take to get to this lower target. Market trends are showing a trend reversal sooner than 05/21 - 05/22.
RDD/USD near 0.048 USD; Wave C is 1:1 with wave A; Wave C is flat where wave C of C is 1.414 wave A of C; wave 2 just below .786 fib retrace of wave 1
RDD/BTC near 66 Satoshi; near .786 retrace
BTC near 7200 USD ~ .786 retrace
After the market finds its bottom the highest probability is that the market will take off like a rocket, moving with BTC as BTC moves towards 11700 USD near mid June. Using fractals I am seeing RDD as having one of the best % return values as the market takes off. If the lower target is hit, I am seeing upwards to 1000% profit potential in less than a month's time.
This post is related to my previous RDD post:
Ultimately RDD is following BTCs lead here. Here are few great recommended posts/charts of BTC projections
steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-an-alternate-longer-term-pattern
1. would take place sometime near 05/17 22:00 UTC (8PM EDT UTC-4)
RDD/USD near .0067 USD
RDD/BTC near 86 Satoshi
BTC ~ 7770 USD ~ .618 retrace
2. would take place sometime near 05/21
RDD/USD near 0.048 USD
RDD/BTC near 66 Satoshi
BTC near 7200 ~ .786 retrace
The first higher buy in target I think has a higher probability than the lower buy in target. Here is what I am thinking on both targets.
Target 1:
Evidence of this taking place would be seeing the bottom drop out from the market today 05/17 and then seeing a sharp trend reversal after bottoming out. I am using a combination trends and patterns in both BTC and RDD to make this estimate. BTC would tag near its gold ratio retrace at a bottom support trend line at the time mentioned above.
This pattern would make the C wave in RDD much more like wave A. In wave A we saw it following a trajectory of hitting the .618 retrace on 05/14 (this trajectory in wave A is marked with a trend line on the chart), but then it sharply dipped below this trend line. We have here wave C doing the same thing and then hitting very close to the same bottom value as wave A.
RDD/USD Wave C is 2:1 (50%) with wave A; wave 2 near .618 fib retrace of wave 1
RDD/BTC 86 Satoshi; C wave zig zag, wave C of C is 1:1 with wave A of C; wave 2 50% retrace with wave 1
BTC = 7770 USD ~ .618 retrace
Target 2:
This lower target is ultimately where the projected waves are showing the cleanest numbers; and RDD/USD is hugging its trajectory perfectly so far. Evidence of moving towards this target would be less sudden moves in the market where is stays hugging close to the norm line. Even though the numbers are preferring this lower target, it is not the highest probability based on the length of time it would take to get to this lower target. Market trends are showing a trend reversal sooner than 05/21 - 05/22.
RDD/USD near 0.048 USD; Wave C is 1:1 with wave A; Wave C is flat where wave C of C is 1.414 wave A of C; wave 2 just below .786 fib retrace of wave 1
RDD/BTC near 66 Satoshi; near .786 retrace
BTC near 7200 USD ~ .786 retrace
After the market finds its bottom the highest probability is that the market will take off like a rocket, moving with BTC as BTC moves towards 11700 USD near mid June. Using fractals I am seeing RDD as having one of the best % return values as the market takes off. If the lower target is hit, I am seeing upwards to 1000% profit potential in less than a month's time.
This post is related to my previous RDD post:
Ultimately RDD is following BTCs lead here. Here are few great recommended posts/charts of BTC projections
steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-an-alternate-longer-term-pattern
Nota
RDD is following BTC. Here is another great post on BTC expectations over the next couple days. steemit.com/test/@haejin/test'You see on this chart that BTC is projected to find its bottom sometime near 05/19 with a value near 7500 USD, which is directly between the dates on the two target points I have shown for RDD. It would be wise to set up a buy in ladder in the range between the two target regions mentioned; I see the target regions as an upper and lower range for a bottom.
Nota
While target 2 is still possible, the highest probability is that the correction is over; ending near target 1, and RDD is in a very weak start of a soon to be intense impulse upwards. Rdd/usd came in the range of target 1 and has since miandered above and away from the trend towards target 2.
See here for details on recent BTC patterns I will discuss. steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-a-bullish-wedge-embedded-within-a-bull-flag
Meanwhile BTC has breached upwards through the resistance of the downward column bullflag and also busted out of the embedded downward wedge at point D; this is a very bullish sign.
Id like to see much more volume and a decisive breach on the btc downward column. Once that happens RDD should make itself very clear that it has finished correcting.
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