$OSTK tests cloud support prior to earnings.It looks like this could be the bottom of wave 2 of 5 in this impulse wave pattern.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter of 2018 are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this coming Monday having to do with the sale of the retail operation coupled with the high likelihood of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential.
Ravencoin
$RVN support $.03 next move after $.038, $.066 #Ravencoin $OSTKThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between $0.03 Sats can take the price all the way to $0.066. Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures operations could trigger the next surge in price.
The hash power on the Ravencoin network has risen meantime by 100%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
$RVN support 820-760 next move to 980-1430 sat #Ravencoin $OSTKThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between 820 and 760 Sats can take the price all the way to 1430 Sats. Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures operations could trigger the next surge in price.
The hash power on the Ravencoin network has risen meantime by 100%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
$RVN Cloud support around 610 sats E2E move $OSTK #tZERO #MakaraThe move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR. Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between 610 and 570 Sats can take the price all the way to 1492 Sats. It is likely that this move will be delayed by the due diligence process currently underway.
The hash power on the Ravencoin network has risen meantime by 50%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
RVN negative hourly divergence On RVN/BTC there's a very clear negative divergence forming on the hourly.
Price has run up virtually 100% in the last week, pretty much without stopping, and defying the rest of the market (moving in isolation).
Previous times we've seen isolated moves, the price has come back down again, and combined with the hourly negative divergence. I'm looking at shorting this (i.e. selling RVN back to BTC) at 550 sats, targeting low 400's.
Note: this only applies if you already have RVN, otherwise I wouldn't know how to short this pair.
#notfinancialadvice
RVNBTC 1D BINANCE up to 25FEB19 Trading Analysis (TA)RVNBTC Ravencoin / Bitcoin 1D BINANCE up to 25FEB19 Trading Analysis (TA)
1D Chart, Ravencoin (RVN) has been diving below the 100/200 MA signals, MACD Histogram and 50 RSI line since one month after its launch in October 2018, on January 22 2019 tested the 100 MA signal and the 60RSI Line but could not make it that time, bouncing down to the 30RSI line, where found support and made two kicks toward the 50RSI line, today the RSI line is slightletily twisting north in a rising price suggestion, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'". At this time the Market Cap is increasing up reaching the 137b. Good Luck!
1D Chart, Ravencoin (RVN) ha estado sumergiéndose por debajo de las señales 100/200 MA, el histograma MACD y la línea 50 RSI desde un mes después de su lanzamiento en octubre de 2018, el 22 de enero de 2019 probó la señal 100 MA y la línea 60RSI pero no pudo logre ese momento, rebotando hasta la línea 30RSI, donde encontró apoyo e hizo dos patadas hacia la línea 50RSI, hoy la línea RSI está girando ligeramente hacia el norte en una sugerencia de precios al alza, que es el enfoque optimista, pero recuerde "En este negocio, si es bueno, tiene razón seis veces sobre diez. Nunca tendrá razón nueve veces sobre diez. He descubierto que cuando el mercado baja y compro fondos sabiamente, en algún momento en el futuro se siente la felicidad. Pero para llegar a ese momento nunca leerá una señal que diga: "Ahora es el momento de comprar". En este momento el Market Cap esta aumentando su volumen llegando a los 137b. ¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
[RVNBTC](246% PP) Ravencoin Full LONG TradeRavencoin (RVN) Overview
Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another.
Ravencoin (RVNBTC) Chart Analysis
I've been looking at Ravencoin (RVNBTC) at the request of one of our supporters, waiting for some reversal signals. These signals that I was waiting for are now starting taking place.
Let's start by looking at Ravencoin super short-term, this is the 4H Time Frame:
Here you can see a strong downtrend, which I marked with a descending channel, followed by a big green candle.
Ravencoin (RVNBTC) has broken above EMA10 with strength and volume. Seeing that this has happened in the past and the price continued to retrace, one can ask: Why is this time different?
All the breakouts above EMA10/50 before late January were not supported by big volume.
January's breakout had massive volume, which was followed by a very strong crash. This is where all the weak hands and more are removed, in preparation for a strong move.
But the biggest signal of all is the bullish divergence marked on the MACD. (Considering the big increase in trading volume).
But this is short term, let's look at it long term and see if these signals still hold.
Daily chart:
Here we can see that RVNBTC is bouncing from its all time low, which was hit in October 2018. As soon as this price level was hit, we saw the early signals (above) for a change of trend.
You can spot strong bullish divergence as well. The MACD moves up while RVNBTC price goes down, this is marked with red lines on the chart.
RVNBTC removed as much as 73% of its value already, not much left to sell.
The last candle is a Doji, which is a reversal candlestick. I'll show you a close up. Chart:
Volume is starting to increase but still not enough. These are early signals.
Many altcoins are starting to move up. This is an important factor to take into consideration. The entire altcoins market is starting to move, so either there will be a strong change of trend or a corrective wave up, whichever it is, will be profit from.
Long term (weekly):
Here you can see that the momentum on the drop is leaving. You can see how the candles are starting to form a cup, and possible bottom.
When you look at the signals mentioned above and take into consideration market cycles, you can see change building up.
I believe that Ravencoin will soon move... For this reason, we should trade this coin.
So let's get started.
Ravencoin (RVNBTC) Trade Instructions by Alan Masters
Buy in: 0.00000280 - 0.00000320
Next support: 0.00000255
(If RVNBTC goes below buy in before changing trend, "Next support" is where it will find support next).
Targets:
(1) 0.00000360
(2) 0.00000420
(3) 0.00000500
(4) 0.00000570
(5) 0.00000640
(6) 0.00000750
(7) 0.00000930
(8) 0.00001040
Stop loss: Close weekly candle below 0.00000220.
(If RVNBTC goes down strong, this is where we stop this trade and close it at a loss).
(If RVNBTC starts to move up and hit our targets, the stop loss becomes irrelevant).
Note: As a basic rule, we raise stop loss above buy in level after we hit our first target. (This is optional of course if you are a long term holder/trader).
Capital allocation: <10%.
MOVE ON
Life has blessed me with new beliefs systems and ideas that I never considered before.
These come with lots of blessings, now I can laugh and be happy regardless of other peoples thoughts.
And as I grow and enjoy my life more every day, certain doubts creep up, old fears, they want me to go back to my old ways.
They show up in the form worries, arguments and even old friends that want to claim a part of my Soul.
But they no longer have any power over me, so I reply with just a few simple words...
"I AM LIFE. I AM HAPPY. I AM GROWING... I AM MOVING ON"
Namaste.