RVNBTC trade ideas
Raven Wake me up When Accumulation EndsThis coin is sitting on the accumulation zone far too long,
Trapped lots of buyer over the breakout zone.
I would be so bullish if a bear-trap occurs and we see given up buyers.
I'm waiting for that kinda situation to go long, also breakout's retest would be a long if R:R is good
The Color Map of The Chart
.................
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
.................
Possible Long on RVN/BTCRavencoin is currently in "accumulation zone" and bouncing between support and resistance. We are waiting for a potential pump as has happened before when it broke the resistance. Buying on support at around 280 would be a riskier trade since the pattern looks like a descending triangle, but we will buy if it breaks the resistance above.
rvnbtc cycles and next 70% bull run (NEW)before we kick start the update. your upvotes/subs are appreciated.
Why get subbed to to me on Tradingview?
-15+ years real live trading experience
-TOP Author on TradingView
-professional chart break downs
-key levels
-no junk on my charts
-frequent updates
-covering FX/crypto/US stocks
-24/7 uptime so constant updates
We are focused on full-time trading and running a small private group of
professional traders focused on FX/US stocks/crypto. We trade based on the system.
Details - see my profile and the signature section below.
So without further due. Keep it short/simple and to the point.
rvnbtc cycles and next 70% bull run (NEW)
Ok guys. Cut the BS and get straight to the point.
RVNBTC moves in cycles. 70 days from low until low/
Right now we are topped out. More losses likely next 4-6 weeks.
So right now, better prepare for the next bull cycle, which will likely
come end of March 2020. 70% bull run pending later.
good luck, traders!
some recent home runs by projectsyndicate click play
ZRXUSD +30% gains since update.
level-buy-sell-50-50-gains-NEW/
BTCUSD +750 USD since my update early this week.
update-target-10-000-usd/
BTCUSD +2500 USD since update highly accurate call.
update-by-projectsyndicate/
XTZUSD +100% since post.
to-buy-for-up-to-90-gains/
RVN \ BTC Repeat eventGood afternoon.
My view of this situation. You may have noticed a similar scenario, now the scale is larger.
1) look at the big red circles that I noted. They completely repeat each other.
(You can’t immediately say that they repeat each other, but because of interest in purchases, the time frame is different, so the schedule for the second circul is narrower.)
2) let's see how we bought the bottom - it was imperceptible when buying, but after all this we see how slowly we bought this bottom
3) After this, there was a sharp parabolic growth
Ravencoin - The legendary altcoin setupBear with me but I don't think I need to do much explaining on this as the chart explains itself for the most part. This coin will depend on the success of BTC, since BTC is doing good and trading above the 30 week MA it's a good sign for the altcoins. I included related ideas below. All hell should break loose in RVN and ENJ simply due to the psychology behind the big boomy trends. It appears like these 2 altcoins created a massive impulse wave followed by a stable support and there is a lot of room to play catchup now towards the upside. The MACD gave a buy signal on the weekly and it's trading close to the 30 week MA(Some people like to use the 200 day MA instead of 30 week MA, they're very similar) Don't overthink it, news means nothing on altcoins. The altcoin market WILL continue to go up and RVN will soon be in the top 15.
RVN ANALYSIS (WAIT FOR 340 SATS TO BREAK!)
RVN ANALYSIS:
RVN has shown major strength at its current support. After recently bouncing off the 290 support range, the 100MA has held as a short term support. A scam wick was quickly eaten up upon entering this point near 315 sats. I expect the 200MA now to be broken within the days to come, followed by a spike up to T1 at 370 sats. This will show the bullish momentum and bring in more buyers to accumulate pushing price up to a triple top beyond T2 at 405 sats and topping at 450 sats. I recommend to close position. By 450 sats, and wait to see how market reacts to this spot!
Possible Entries: 320-340 sats
RVNBTC big Breakout Coming Soon#RVNBTC Update:
Current price 390 Satoshi
#RVN After Retest Again try to another breakout upward.
If we successfully close above 410 then we can see next Target would be 590 satoshi.
Support: 350 Sat
Resistance: 590/895/1074 Sat
please like and follow me for latest crypto updates.
Thank you