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RENBTC trade ideas

Ren Protocol: A Hidden Gem? Genius Only (Part 2)— 888% PotentialThe last time Ren Protocol produced a major low vs Bitcoin was in August 2018, more than six year ago, 2,177 days... Good afternoon my fellow Cryptocurrency trader, how are you feeling in this wonderful day? I remember when I first found this pair in 2018, it was a "hidden gem," but what about today? Today, it can't be better, we are looking at the lowest prices in six years and we have a signal that reveals what is about to happen here and likely all across the ALTS-BTC side of the Cryptocurrency market. Once we hit bottom... ➖ On the 5th of August, RENBTC hitted a new All-Time Low. This same day, the pair grew an astonishing 195%. This same weekly session closed green. This reveals one thing and one thing only; mega whale buying behind the scenes. Regardless of what one whale does, the market moves in cycles; a strong bear-market is balanced out by very strong bullish growth. I am again tempted to show you the linear chart for this pair, but I know that by now, I have your trust. Do it yourself, set this chart to linear and look at it long-term. Notice how low the current price is compared to the ATH. We have huge potential for growth, and we, as "bottom fishers," find this a great opportunity; very low risk with a huge potential for reward. This is one to keep an eye on. If somehow you miss it, because it is too early and you won't take action until everything starts to grow, the good news is that the next bullish wave is likely to last between 3-6 months, or more. So we can have an initial strong wave that is enough to catch your attention and confirm what I say, then a correction, and after this correction much more and much stronger growth. You will be surprised. This will be a positive surprise and the best you've seen since you started trading with us. Welcome back to the Cryptocurrency market. Everything is about to get wild and fun. Namaste.
RLong
by MasterAnanda
REN | 940%+ Bullish Wave MappedWe have mainly two signals here but we can work with these: 1) Falling wedge pattern 2) Rising vs decreasing volume The falling wedge pattern can stand on its own as a bullish signal. It denotes a major downtrend and when the action reaches the apex of the pattern, it can signal that a reversal is really close. As we get to the end of the pattern a new All-Time Low is hit; early January 2024. And this leads to a mixture of volume signals. We have rising bull-volume and very low bear-volume; which is double bullish. ➖ As a new low hits and volume drops, it means the bearish trend is losing strength. ➖ As a new low hits and buy volume increases, it can signal that the low/bottom is close or in. (Because the high buy volume indicates that market participants are buying.) Both volume signals support the falling wedge pattern as a bullish reversal pattern. Last week we have a full green candle with a big real body and this week is working as short-term consolidation; this is candlestick reading. With the low hit in January, this combination of signals are pointing to an upcoming change of trend. It can happen within 1-2 weeks just as it can happen within days. Good luck and great profits. Namaste.
RLong
by MasterAnanda
1
Ren Bullish Breakout, 100% Potential with TargetsRen has gone bullish vs Bitcoin, early signal. This is also true for the USDT pair which I will share after this one. Notice the strong volume today as prices move above EMA10. This is a very strong signal. Note: A negative close can negate this signal and that is why we always have a stop-loss and use a plan when we trade. The charts are always changing... Let's continue: Marked on the chart is also a higher low. The easy target is 30%+ at the 0.618 Fib. extension level. The main target if there is a follow up on the bulls side stands at 978 satoshis or 100% potential from the current price. You can find more details on the chart. Namaste.
RLong
by MasterAnanda
1
Ren Protocol Early Signals... "Early" As UsualI always jump in "early" because it is better to be early rather than late. Remember that it does not matter how many bullish signals are in place the charts can always change. Here I focus mainly on spotting the reversal, a good entry... Once you are in and prices start growing, the rest is easy. But if it drops one needs to either be prepared to wait long or close at a loss the trade. RENBTC has a bullish RSI and MACD. Volume breakout yesterday and close above EMA50. Look at the potential targets and the potential risks... You decide if for you this is good enough. Wishing you the best always... Truly. Thank you, thank you, thank you for the continued support... Mañana there will be more. Namaste.
RLong
by MasterAnanda
REN/BTC buy opportunityHi followers, RENBTC Formed great trading setup, after forming a rounding bottom, with higher lows and highs. The price broke above important resistance area, the retest of the breakout is a safe place to enter the trade. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
RLong
by FradkinXBT