Ravencoin 550%? Can Be 2,000% Or More! (Remain Open)Ravencoin is a famous project and is one of the classics. People are always interested in knowing what is going on with the chart.
If you are one of those, I have great news for you.
➖ First: The bottom is in, more likely than not. We are looking at a true All-Time Low.
➖ Second: We will not aim for a new All-Time High here as this is the BTC pair. But Bitcoin in 2024/25 is many, many times more valuable than in 2021. Potential is still amazing. New ATHs likely possible on the USDT pair.
➖ Third: Great timing right now. Accumulation with a long-term bias can be life-changing.
Technical Analysis @AlanSantana
In 2021 Ravencoin (RVNBTC) grew 1,344%. The bottom was hit January 2021 at 36 satoshis (0.00000036). The top was hit in February 2021 at 520 sats (0.00000520). Total wave duration was 42 days; no time to think.
This bit of data is quite interesting. Some pairs grow for 500 days, 700 days and even 800 days, sometimes more. This pair produced the entire wave in just 42 days; big variations across the market.
This time the whole process can last 120 days or more, or it can go fast again. If the law of alternation applies, this time it should take longer than the previous time. So instead of 42 days, so at least 3-4 months. But I belief there will be one strong wave, a correction leading to a higher low and then another one, I can be wrong. In this scenario the whole process would last at least 6 months which gives us think to and act. But, there is no need to wait until things are happening we can think and act now.
The Cryptocurrency market tends to surprise, it tends to move and always exceeds all of our expectations. The market is much bigger now, we have trillions of market cap. and much more coming in the next 12 months. Instead of 500% or 700% as shown on the chart, this pair can grow 1,000% or even 2,000%. We can truly underestimate the market.
The most common mistake since I started writing here at TradingView has been to be too conservative. Always, without exception, the market moved beyond all targets. This can be seen by browsing through the thousands of published charts in the bull-market years.
We aim "low," but we remain open to see everything happen. Just keep that in mind.
We can have a super, mega cycle because the market is not the same today as it was 4, 6 or 8 years ago.
Right now Cryptocurrency is legal, in the past it was something "dark."
Right now Cryptocurrency is considered the best type of innovation since hot water and baked bread, so, whatever happens can be something we do not expect.
Imagine, if Crypto can grow when the entire world was against it, when we have the support of the most powerful country in the world; how good can it get?
Prepare to be surprised; prepare for profits; prepare for success; prepare yourself for growth.
If you are reading this now, you will do good regardless of how far up prices go.
The truth is that trading can be all about timing. If you get the right timing, the rest becomes easy.
This is the best time to be around, to buy and to join.
Because we are looking at the bottom... And once we hit bottom, the only place left to go is up.
Namaste.
