Rvncoin
Bittrex new alt breakout! looking for feedbacklooking to trade these new alts more effectively...
just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts
coin was added to bittrex on 10/24
1400 coins at .0429 or $60.12
not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better and we get more coins added I have a better idea how to trade these things...
risk is very clear lvl (purple horizontal)
risk reward on new alt adds if you get good entry prices are usually no lower than 5 to 1, a lot of times closer to 10 to 1. so is i can be successful only 20-40% of the time i can make amazing profits with very set and defined risk
if I can be right 3 out of 10 5to1 1 can increase my acct very quickly and if I can get my accuracy these trades can be life changing
ex $100 acct 10% risk 5 to 1 r/r 1 90 2 80 3 120 4 110 5 100 6 90 7 140 8 125 9 110 10 160
ex $100 acct 10% risk 10 to 1 r/r 1 90 2 80 3 70 4 140 5 125 6 110 7 220 8 440 9 400 10 360
$RVN Keep and eye on OBV, RSI, and MACD break of Supports This is an incredibly educational trade! It will either break above .786 fib level for the beginning of a third wave or the second wave will correct down to .618 or lower.! So far oscillators and on balance volume are holding up! Keep an eyes on those supports and resistances (.618 fib retrace level for support, .786 fib level for resistance)). As always....be disciplined. Luck doesn't exist.
$RVN Still Conforming to Triple Combo Elliot Wave PatternDespite all of the FUD chatter saying that $RVN would suffer a massive sell off upon the release of the tokenized asset feature of MainNet this coin is being incredibly resilient. I believe it is still conforming to the TRiple Combo Elliot Wave Pattern. I have made some minor adjustments to my original chart in order to state my case. I would really appreciate your feedback!
$RVN Real time adjustments to ABCDE TriangleIn case my previous chart may be off by a little bit on that Triangle ABCDE Wave. This is an alternative Triangle ABCDE wave count at the end of the triple combo.
One more leg up for Raven.Based on Elliott waves theory, there is still one more leg up for RVN (Ravencoin)
Target: ~1200-1500
RVN Elliot Wave maybe I literally have no idea what I am talking about, but enjoy the meme lines and BS TA.
Eliot wave started 10/20/18 at 519sats
Wave One 10/20/18 at 519sats (+98% in two days) 10/22/18 at 1026sats
Wave Two 10/22/18 at 1026sats (-33% in two days) 10/24/18 at 678sats
Wave Three 10/24/18 at 678sats (+196% in four days) 10/28/18 at 1328sats
Wave Four 10/28/18 at 1328sats (-33% in two days) 10/30/18 at 890sats
Wave Five 10/30/18 at 890sats (+98% in two days) 11/01/18 at 1762sats
As stated above I don't know what I am talking about
RVN ending its parabolic moveTLDR: SHORT now (880~1000 satoshis) until Line1. Buy above Line1 (just in case of great volume, then we can expect a bounce there). If Line1 breaks downwards, sell it and wait for Line2 be touched. Buy above Line2.
This analysis is just based on the chart. I don't know anything about RVN fundamentals.
As you can see, in just one week RVN had +400% gains. Obviously, most people will be selling here. If you missed the train and you really believe on RVN project, do not FOMO. Wait for retracement, then enter a long position. Every parabolic move has an end, and RVN already started its retracement. If you are in profit, just short all the way up from now (870~930 satoshis) to the next retracement levels.
As you can see on the chart, we have Line1 that will surely be touched on the next days. Maybe we can get a bounce there. This case is represented by the yellow arrows path. We must see this movement if we have a very very big volume on RVN/BTC next days. You can try to LONG next to the Line1, and put a stop-loss under the Line1, in case the market just rejects it.
If you see the Line1 being broken, wait for re-test. We're likely to see the green arrows path, re-testing the Line1, being rejected, and then going to the Line2. The good trader will be willing to buy right above the Line2, expecting the upwards movement that started on 15 october to continue. Remember, the good trader is not buying now at 900 satoshis.
RVN Inverse Head & Shoulders marking tread reversalI'm new to TA, but have been studying for awhile. What do you think?
