RVNBTC
Ravencoin RVN - potential double bottom on BTC pairHi,
this is my first Analysis on Tradingview, so forgive me if some parts are missing. I will keep it short and simple.
I've been trading for ~2.5 years now, relying on "waves" and "Indicators" etc.
But I've had the most success in my journey simply trading supports and resistances over the past weeks.
Sometimes the market gives you the opportunity to long a potential double bottom with low risk that can turn into a huge swing position.
RVNBTC is at this point right now. It may not seem like it at first glance because Binance does not provide full price history of Ravencoin (as it was listed on Oct. 12).
Fortunately, another website provides you with the full history of RVNBTC (see the link attached).
Bottom was 191 sats. We already had a decent bounce at 193 sats yesterday.
So everyone on Binance thinks there is a new ATL, when in fact RVN's lowest support is just under that magical 200 sats.
And I bet there were A LOT of stops under 200, selling right into the buy walls of traders that know the full history of RVN.
There was some Hype around the new mining Algo and people that jumped on the hype train got washed out by the latest move.
This entry right now has one of the best R/Rs in my opinion. Also bullish Divergence on Daily RSI supporting a potential LONG.
I am already in a bigger position from 198 sats and have orders split from 197 to 190 sats. Longing this on Binance margin, as I don't want to deal with Bitcoin's volatility.
I will get out of my position as soon as we get a daily close below 189 sats as there is NO support below that region.
Targets are simple:
T1: 275 (obvious)
T2: 325 (weekly resistance)
T3: 400 (weekly resistance and round number, can got to 407 but wouldn't count on it as the 100 numbers (100, 200, 300 etc) provide resistance because they are "easy" numbers and super close to target)
Hope this will age well :)
and if not, then there's always a next one in this market of nearly infinite opportunities!
Manage risk and this thing can do whatever it wants.
RVNBTC now At support Level Will it pump like ZRX..?#RVNBTC Profi update:
Current price of RVNBTC is 219 Satoshi.
and
#RVN is Now again drop at my entry Level.
and my entry was 220 Satoshi as I told you in our last post this is GEM. and its Pumped upto 20% and I also told you that time Short term trader you can take profit. if any drop dont regret,
so
Still I am waiting for big move.
I will buy more if more dip.
180 Satoshi is strong support for RVNBTC.
I can expect we can easily see 340 Satoshi within few days.
but if breakout 350 Satoshi I would be Strongly bullish on RVNBTC.
hope you enjoyed and still I AM very Bullish on #Ravencoin .
S: 200/180 Sat ( 180 Satoshi is Last support bellow this level I will bearish.)
R: 268/339/415/800 Sat
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RVN/BTC now 16% up and Still 300% potential For Me & am holding#RVNBTC Profi update:
Current price of RVNBTC is 256 Satoshi.
and
#RVN now 16% up from our entry.
Our entry was 220 Satoshi as I told you in our last post this is GEM.
Still I am waiting for big move.
I can expect we can easily see 340 Satoshi within few days.
So guys I am Holding and if You short term players then You can book profit because 16% within few days is not bad guys.
hope you enjoyed and still I AM very Bullish on #Ravencoin .
S: 200 Sat
R: 268/339/415/800 Sat
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RVN/BTC 12% up within 14 hours still 300% Potential RVN#RVNBTC Profit Update:
now current Price is 242 Satoshi and went up to 247 Satoshi.
#RVN 12% up from our Entry within 14 Hours.
Still I am holding for good Profit.
My eyes on chart and I am waiting for 340 sAtoshi.
I am Waiting for R1 Breakout and after I can expect 340 Sat.
if 270 Satoshi resistance break upward then we can see next stop would be 340 sAtoshi and if 340 also breakout upward then very Bullish for RVN/BTC.
After breakout you can see all Targets in my chart.
Now I ma bullish #RVB/BTC.
S: 200 Sat
R: 268/339/415 Sat
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#RVN/BTC Re-entry TRADE SETUP. 15%+ Potential ProfitHello guys welcome to this update.
BTC has been doing amazing lately and so are the alts.
RVN had a nice surge after it touvhed the 208 level.
I am expecting it to retrace a bit and than continue it's runup.
Here's the simple setup:
ENTRY: 235 TO 239
Target: 15% +
Stop Loss: 225
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#Peace
RVN/BTC 300% potential From here so I am Accumulating#RVN/BTC TA Update:
Current price of RVN is 223 Satoshi.
#RVN now #trading at Strong Support Level so I am buying some here and some placed bid between 210-220 sat
if price go down then I will buy more RVN/BTC.
but if any Bearish candle close bellow 200 Satoshi I will exit from this trade.
I can expect Its can give huge profit in long term.
if breakdown bellow support then I will exit.
This is very big Potential coin for long term.
S: 200 Sat
R: 268/339 Sat
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