Raven
Raven Might Give Huge ProfitHi everybody.
The price of Raven coin is extremely tight on the long-term and medium-term chart.
Raven s strongest support from the bottom is around 270 satoshi.
This is close to the strongest support from the bottom, and the price tightening at the current price gives him a great potential to rise.
With the falling trend breaking through volume, the raven coin can rise comfortably.
2020 could be a nice upswing for the raven coin.
Let's watch what the raven coin does.
RVN BUYZONE is here!Hello, since a lot of people were asking I decided to start posting on Tradingview and see how this goes.
Don't expect lenghty posts explaining every single thing, my time is limited, but I'll do my best to get my point accross.
Vertical blue lines on the chart represent the time at which I was streaming and gave out the call (I review about 50 coins per day so it helps me to organize and see what I said about certain coins)
Green boxes/horizontal lines: If it says Scalp, you use it once. If it says buy zone, it's an accumulation area.
Red boxes/horizontal lines: If it says Scalp, you use it once. If it says sell, you sell it there or put a stop and trail it.
For now you'll see charts with notes from the past (I've been streaming since 2017), but I'll make sure to update them often here. I play alts and bitcoin .
I do EVERYTHING on video, there's not a single box there that I touch while offline, this is verifiable on my Youtube Streams. Streams are free, go in, ask stuff, just be respectful, that all I ask.
As always, I'm posting ideas, it's up to you to take them or not. You click the buttons, this is not financial advice.
--
As given on Stream @ 19 December, (verify it on youtube if you dont believe it) we've reached our buyzone.
Buys are in @ 280s satoshis.
The play is to sell it after a bitcoin dump, simple.
Cheers.
RVN preparing to launch for a 70% move (part two)RVN looks really good for a bounce in the coming days/weeks.
Bullish divergences, slowing selling momentum, volume showing signs of accumulation, all indicating a bounce is just around the corner.
Entries in the 327-320 area.
Targeting:
1. 409 for a 25% move in the near term
2. 559 for a 70% move in the medium term
Daily candle close below 290 or any kind of new low from here would invalidate the trade.
Previous 50% move on RVN:
RVN ready to launch for a 50% moveIt's not pumping like the majors yet, but this looks really nice for a bounce in the coming days.
The fact that it hasn't started the move up yet is why I entered.
Bullish divergences, shortening of the thrust, and slowing selling momentum all indicating a bounce is just around the corner.
Targeting 450 for a 50% move.
Ravencoin/Bitcoin Repeating Falling Wedge.Ravencoin has a fairly predictable pattern of creating sharp falling wedge and then breaking out of them violently. There was even another one that is not reflected on this graph as it happened before the coin was added to Binance.
I don't have time for a very long analysis but as a long time miner and holder of RVN it seems from my experience we are due for a recovery. Mining RVN at an average electricity cost of $0.10/kWh nets you a pretty fat operating loss of -$0.11-14/day per GPU (1070-1080Ti) while competing coins like BTG and Beam on Nicehash or even ETH can net you $0.10-$0.25/day in profit after energy. Ravencoin holds a fairly large and fundamentally sound community with a pretty solid development team backing it. I know there are quite a few Ravencoin miners out there who are taking advantage of this low difficulty to scoop up and accumulate coins on the cheap for the eventual rebound. I know because I used to be one of them.
Before Bitcoin recovered in mid 2019 RVN had experienced a surge like many other alt-coins. I mined and held RVN on and off all through the fall and winter of 2018 into Spring of 2019. It went from the 200-300 range after breaking out of it's loOoOoOoOong falling wedge pattern up to peaks in the 1400-1600 satoshi range. I imagine now that bitcoin has reached a much higher level in terms of fiat we will see a similar pattern although at a smaller scale (less satoshis). My targets are split somewhere between the 0.236, 0.5, and 0.618 Fibonacci retracement levels.
Raven Gearing up for Another 250% move?Time will only tell, but as you can see, we have a repeating fractal pattern very similar to the previous pumps, and alignment with the Bitcoin price that could easily see us with a 250% move.
The descending wedge here also lead us down to around 280 satoshis, so we are not technically near the end of this triangle, but we are at a critical point with two top down resitance lines forming right at our current position, breaking above the first is a great sign!
Now for any of you that follows us and are in the private bear den, you already know the importance of charting BTC and our other assets at the same time.
If you are charting in USD- You fail
If you are not looking at BTC current positions vs your trade strategy, you also fail.
HAWK EYE!
Get ready to rumble Raven!Raven $RVN getting setup in a descending wedge. Historically these have been explosive for this coin. The last large growth also happened in the midst of the bear season of 2019.
At this moment bitcoin just broke below 10k after a parabolic rise. Hopefully we get to lose some of that steam, and move sideways for alts like Raven to get the oxygen they need.
- I will also be looking for confluence with indicators. Last time we had bullish RSI divergence and growing volume. Would love to see the same this time around too.
$Rvn is a coin I love fundamentally, can't wait to see what happens when we have the halving, in a few years.
RVNUSD - Corrected long-term trend channelOn my previous Raven USD idea I took a guess of where the long-trend channel was and during the BTC panic sell-off that just completed, Raven form a slightly lower channel and so, this is a corrected chart with a slightly revised channel upwards. Great BUY in my opinion.
Checkout my latest BTC idea below.