RVN/BTC Bullish action round 2That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly.
Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it!
Rvn
RVN/BTC - Long• Broke out of recent short term downtrend, using previous resistance/trendline as new support
• Broke through 50 MA which it's been following closely headed upwards for the first time since last bullish move
• Volume trending up steadily, similar to before previous run-up
• Forming a bullish flag on larger time frames
• Strong tech/fundamentals: Mainnet is launched and users are developers are saying very positive things on twitter/telegram
Summary:
• Aside from technicals, this coin is a good hold because Binance CEO and Overstock are large investors and will NOT let this project ride to zero. They will keep it up and more than likely try to push it higher. If not, and if it's actually not being manipulated, it's an even better hold because that means it is truly decentralized and this project is being valued at true, free market price. Either way, I'm a fan of the tech behind this coin and the chart looks great. All around very bullish.
RVN only starting to growI didn't take part in any of those magnificent 320% growth RVN showed lately. Just couldn't believe it will keep on growing. Now that it finished its retracement I'm ready to jump in. I already had my order set for 703, but that night it fell only till 707... only 4 satoshi and my f**king greed seperated me from 10% profit I would have by the time I woke up. Ok, there are still plenty of profits waiting ahead. Check out day chart below.
When you see an open range use fibonacci to estimate how far the price will go before the next stop. In this case I see pretty good possibility to see another 100% profit. Maybe even more. Surely it is not guaranteed yet, as the price has to lift above 800-830 resistance zone. It will be like exit of Earth gravitation and entering space with no gravitation at all. Once the price exit this resistance channel we will see it fly to the moon.
Right now I have buy orders around 766 zone which should be a bounce area. And my target is 1500 (= ~100% profit). Not less.
Remember - this forecast is valid only for the option when price gets over 800-830 zone. Otherwise RVN will bounce back to 700-730 zone.
Good luck with your trades. Push like if you like my work. It will help me a lot,
RVN/BTC Raven learning how to flyWe're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario).
If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance.
Upon successful retrace we should be targeting those red highs I've outlined. But one step at a time, first we need to break this resistance.
If we break below the last low we'll have to see how the situation unfolds then.
RavenCoin (RVNBTC) Does 328% (Gold Old Days) in 12 Days!The gold old days are here... RavenCoin (RVNBTC) has increased by 328% in price in only 12 days.
I had this coin in my list for the longest time ever, received some good information about it and wanted to share with you but didn't get to do it, here is the info I received from a friend:
Greetings Alan:
You know it was right when I sent you the note a few days ago on Ravencoin (RVN) well the coin is up 30% today and volume is up 7 x and counting.
Today is was announced that RVN it is to be listed on Binance.
Furthermore, the coin will release its 'Asset Layer' on the 31st Oct. Super smart timing by Binance to list now.
In summary:
- Anyone can make a asset token with 500 RVN in the wallet. This is massive. Plus the token can receive dividends, messaging and voting rights from the issuer. AND it follows the BTC standard. Fair distribution, NO ICO and completed decentralized network and code. Its up there with BTC LTC & XMR in quality.
- Top notch coin.I hope you will find time to bring some alanmasters magic to this coin by doing some T/A and letting more people see what IMHO is something that has the ability to be a long term HODL and enjoy solid gains.
- May the universe reward you much more than you ever dreamed.
Namaste.
If you enjoyed this post, please like, share, comment and follow.
Your support is appreciated.
Namaste.
RVN/BTC Raven learning how to flyWe're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario).
If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance.
Upon successful retrace we should be targeting those red highs I've outlined. But one step at a time, first we need to break this resistance.
If we break below the last low we'll have to see how the situation unfolds then.
Original idea by Svarog
$RVN Still Conforming to Triple Combo Elliot Wave PatternDespite all of the FUD chatter saying that $RVN would suffer a massive sell off upon the release of the tokenized asset feature of MainNet this coin is being incredibly resilient. I believe it is still conforming to the TRiple Combo Elliot Wave Pattern. I have made some minor adjustments to my original chart in order to state my case. I would really appreciate your feedback!
RVN/BTC - 15m - Great Entry For Quick ProfitMainNet release on 31th October - there is still much room to grow according to the bigger time frames. Today, we're focusing on making at least 10% in 24 hours.
Information about Ravencoin (RVN):
Coinmarketcap: coinmarketcap.com
Top Volume Exchange: www.binance.com
Social Media Statistics: www.coingecko.com
Return Of Investment past 7 days: +186%
Return Of Investment past 30 days: +255%
Return Of Investment past 60 days: +207%
How i trade Ravencoin (RVN):
Buy: 0.00000775
Sell: 0.00001090
Stop Loss: 0.00000690
Leave a thumbs up if you like my idea and let me know what think!
This will keep me motivated :-)
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only.
RVN/BTC - Short• Broke through strong support of 665 with speed
• Continuation of bearish trend currently, consistently closing under 200 MA
• Short-Term Outlook: Bearish to 520-580
• Long-Term Outlook: Mainnet launch tomorrow, market cap back under 100 million (down almost 40% from ATH), could be a solid entry for a long-term investment while technology develops (4-6 months)
• Swing opportunity: Stochastics on the floor, RSI oversold, have seen bounces in the past with similar setups. A bullish divergence of stochastics on 30 minute or 2 hour chart could result in 5-10% bounce
Ravencoin to the moon - bullish pennanthuge bullish pennant, yuuuuuuuge
long ravencoin
watch out for a "sell the news" dip when main net goes live ~Oct 31st
but could just as easily moonshot out of the pennant
no ICO, no premine, no bs marketing, good humble bird coin
trade this kind of stuff instead of bankster scams like XRP ;)
RVN / BTC: Trying to rebuy the raven “Deep into that darkness peering, long I stood there, wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before.”
Blue lines are levels that bids are set to rebuy some RVN here. Bullish on this one long term and it has seen some great new momentum recently, run is not finished in my opinion.
Ravencoin RVN - Is it about to pop?It's possible that due to the incoming asset layer launch on 31 October 2018 we could see another move higher with RVN, especially if it ends up following a 3 ascending trendline pattern.
This could put it somewhere in the vicinity of 1300-1500 sats, possibly in as little as a week from posting this.
Disclaimer: not financial advice
RVN ending its parabolic moveTLDR: SHORT now (880~1000 satoshis) until Line1. Buy above Line1 (just in case of great volume, then we can expect a bounce there). If Line1 breaks downwards, sell it and wait for Line2 be touched. Buy above Line2.
This analysis is just based on the chart. I don't know anything about RVN fundamentals.
As you can see, in just one week RVN had +400% gains. Obviously, most people will be selling here. If you missed the train and you really believe on RVN project, do not FOMO. Wait for retracement, then enter a long position. Every parabolic move has an end, and RVN already started its retracement. If you are in profit, just short all the way up from now (870~930 satoshis) to the next retracement levels.
As you can see on the chart, we have Line1 that will surely be touched on the next days. Maybe we can get a bounce there. This case is represented by the yellow arrows path. We must see this movement if we have a very very big volume on RVN/BTC next days. You can try to LONG next to the Line1, and put a stop-loss under the Line1, in case the market just rejects it.
If you see the Line1 being broken, wait for re-test. We're likely to see the green arrows path, re-testing the Line1, being rejected, and then going to the Line2. The good trader will be willing to buy right above the Line2, expecting the upwards movement that started on 15 october to continue. Remember, the good trader is not buying now at 900 satoshis.
RVN key support areasJust a quick chart to show some of the support areas for RVN.
Some thoughts
- 530 Sats is the only area that was tested twice
- 530 Sats is also at the 68 retracement range
- 4 hour MACD has crossed bearish
- Daily RSI will be out (14 bars) in a day or two so if it does manage to stay at current levels or moves up from there it will be severely overbought
- 4 hour RSI has fallen below the trend line although not very established since it just got listed