I have been watching RDD for the past month as it has been slowly moving down this falling wedge. I observed that around the 3-5 sat range sell offs started to slow down. The bid:ask ratio has been very against buys right now, until today we almost have reached a 1:1 ratio of bids:asks. I saw a huge influx of buys today (0.5 BTC+ orders) and have been slowly filling my bag at 3 sats. I think this is the lowest we will go until we take off again, the inevitable cycle of RDD. We can see some bullish divergence on the 1D chart, as the RSI and MA has been moving up significantly while the price has gone down to 3/4 sats. This is a great opportunity to attempt and buy in for some large returns. If we break 4 sats, there are small ask walls that will barely hold the market back. I can see us hitting 8, 14, 18, and even 20+ sats in the near future. This may take a few weeks but it will be well worth it!
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We hit our first target of 8 sats, I sold most of my position here and will wait for another opportunity. 166% gains, not bad folks!
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Wow I really did not expect it to hit that fast
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We hit our next profit target of 12 sats!
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Amazing, we hit 17 sats just 1 shy away from our THIRD target. Let's see if we hit 20 sats :) Happy gains everyone!
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