naynay447

DOT - How to make predictions with less data

The difficulty here comes when one considers that we do not have the type of data that we have at our disposal with other cryptocurrencies that have charts going back years. So, to say to what extent DOT is bound to the move(s) of the market is difficult. To say what direction the RSI will turn next is also difficult, but I put forth the idea that the RSI (at the moment) is low, and may start to rise again; I dare to also state that the fundamentals of this one will take over. This is fundamentally sound, has great opportunities for headlines, but beyond that -- I believe it will play out it's RSI ups/downs faster and more aggressively -- seeing that it is being put through the early stages of testing the sentiment the community has for it. I was swing-trading it a few weeks ago, and that is where I caught a glimpse of how aggressively it was moving within the bollinger bands. What would have otherwise been a few candles (touching the bottom band) were - instead - singular wicks that flashed down. It slowly started to behave more-so like what we are used to, and I see this as confirmation that the (speculative) sentiment is positive. So, I was a little surprised to see this dip come in and last this long, but also ... we don't have the data, so I believe its moves will just be faster and more aggressive. Long-term and short-term bullish, but I also do not think it is going to the moon (yet).
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