RVN/BTC TA Update (new accumulation phase?)RVN/BTC
RVN broke yearly long key support area at 270 sat level with this, a new market structure is going to be re-established.
The bullish side here is RVN is going to respect this huge descending channel which by technical should break to the upside in the future.
It is a long way to go as the market is full of fear and blood in the street.
But this is a good chance for long term investors to start looking for high quality and high reward altcoins.
RVNBTC trade ideas
RVN/BTC Reverted on important Support LevelHello Traders,
RVN/BTC important Support Level Reversal that held the price every time, we don't have much to analyze on this chart but we can say that everytimes the price reverted on this Support we have a big uptrend moviment.
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RVN Ready for a push up to 350 sats.RVN has been forming bearish structures in the short term. Now that it fell back to accumulation zone and retested two times for a perfect double bottom the top of previoous accumulation and brokeout of short term downtrend, it's ready to start another push upwards to higher short term targets. Enjoy!
RVN on SupportRVN on Support - This trade drove home the importance of getting a GREAT entry vs an immediate fill. When I first looked at this, price was sitting @ 300 sats but I saw near-term support on the 4hr extended down to .000002960. I decided "I need a clean entry more than I need a quick one!" This morning when I woke up I was in @ 2960! With the market a little unsure of its direction this was a good perspective and now I am long from a safe start. This will greatly improve the safety and profitability of this trade. Happy trading! Stop Loss @.00000280
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.
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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.
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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.