Is RVNBTC ready to take the lead (again) ?
Hi,
RVNBTC is now in a consolidation and will break out probably after finishing the fifth wave inside the consolidation.
after completing the Bearish Bat Pattern, as shown in my recent post, we are now in the stage of profit-taking.
This comes at a perfect point, the last half of the month of june, the numbers will be given out in two weeks from now on and
new announcements can bring a significant change, especially in this volatile, young market.
However:
I expect RVNBTC to stop around the Green Support Linie, which represents the 0.78 of the recent move to the upside.
A bounce up will be likely since the Leader of the Sector BTCUSD refuses to show weakness in the past days.
Entry: Wait for a test of the yellow trendline and allow the price to turn around. Wait for a retest of a valit support zone
before entering the trade. Also watch for bullish chart patterns of the lower time-frames around the key-levels.
Use multiple timeframes method and a Top down strategy to enter the trade.
If you do not know what that is please check out George beaulieu on youtube.
With patience
Heish
RVNBTC is now in a consolidation and will break out probably after finishing the fifth wave inside the consolidation.
after completing the Bearish Bat Pattern, as shown in my recent post, we are now in the stage of profit-taking.
This comes at a perfect point, the last half of the month of june, the numbers will be given out in two weeks from now on and
new announcements can bring a significant change, especially in this volatile, young market.
However:
I expect RVNBTC to stop around the Green Support Linie, which represents the 0.78 of the recent move to the upside.
A bounce up will be likely since the Leader of the Sector BTCUSD refuses to show weakness in the past days.
Entry: Wait for a test of the yellow trendline and allow the price to turn around. Wait for a retest of a valit support zone
before entering the trade. Also watch for bullish chart patterns of the lower time-frames around the key-levels.
Use multiple timeframes method and a Top down strategy to enter the trade.
If you do not know what that is please check out George beaulieu on youtube.
With patience
Heish
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