Bullish Divergence

I believe there are external factors that will create a bullish divergence for RLC and the crypto market in general.

1. Bitcoin Conference starting July 21. This will either be a net neutral or net positive event as Jack Dorsey and Musk are set to appear. Ark is a big investor in Tesla and Musk won’t be attending just to shit on Bitcoin.

2. EthCC is taking place this week with our fearless leader Gilles giving a talk on the main stage providing a demo of creating an oracle through the imminent Oracle Factory release.

3. Mostly a personal observation, but if this is still a pause on a larger cycle, we are near the bottom if not the bottom. The risk reward of selling/shorting is very low to the potential explosive upside. When crypto starts it’s run it’s usually violent and fast. Being a day or a week late could be missing out on multiples of potential return.