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Re: Tkmoney1 post# 159935

Tuesday, 09/20/2022 11:09:59 AM

Tuesday, September 20, 2022 11:09:59 AM

Post# of 198788
TK - That RSI reset is what worries me. For the past 19+ months, the RSI reset has just provided [them] the padding they need for the next violent push down. They spend a day or two buying the cheapies with higher than usual volume, but they don't allow the pps to move up too far. They use the trip-ticks (0.0001 to 0.0009) to move it up, so when the RSI has inflated enough and they're ready to drop that artificial ceiling, they get the pps down to a new low, but instead of the RSI being oversold at the new low, it sits around the 40's+ with plenty of room to keep pushing.

For example, we're currently at a pps of .036 and RSI at 22.52. After they reset the RSI and push us back down to .036, the RSI would be at something like 39-45, leaving a ton of room to keep pushing down. At least this has been the pattern and/or what they've done over the past 19+ months. One would think that it has to end at some point, but not holding my breath for any time soon.

Looks like they're going to drop the artificial ceiling down to .035 today, then stack the ask under it, which will drive the RSI into the teens.

$ENZC


RSI needs to reset and we should see a bounce just off of that, is we have been oversold for awhile.

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