RVNBTC trade ideas
T1 reached !If the price goes higher T2 at 2.618 Fibo extension!
Sure it should happen after smaller or bigger correction!
RVN - CAUTIOUSThis last 4h candle on RVN isn't looking that bullish. RVN is also overbought and has the possibility of a pullback.
Buy & sell positions in our crypto signal scanner (comment).
#Ravencoin $RVN likely support 1210 to 1150 Sat by TuesdayThe cycles are accelerating as the pattern becomes more obvious to ever-larger numbers of crypto traders. This will continue until it breaks down due to a FOMO driven event which drives the valuation sky high followed by a crash. This has not happened yet. The movements in price are still relatively orderly despite a very high appreciation rate.
From a fundamental perspective, things look great. New assets are being registered daily in the namespace and as the valuation grows so does the security of the network. This is due to the profitability of mining driving ever higher hash rates, now surpassing Etherium Classic (ETC).
Ravencoin is quickly graduating beyond the level where 51% attacks are feasible partly due to the X16R algorithm keeping ASICs at bay and making it possible for any GPU on any gaming PC to mine profitably. The biggest issue currently observable is that 31% of the hashing power resides with one pool, this will likely not be a problem especially if the valuation continues to grow. At the moment I expect the market cap to reach somewhere in the neighborhood of $500MM in the next few months.
In the long term (a decade or so), I expect that the market cap could go as high as $36B if it is adopted for use in listing shares of publicly traded companies and REITs, another real estate shares. One $RVN would be worth $2 in today's US dollars at that point.
In the near future (within this year) I expect the valuation of 1 RVN to reach above and then stabilize around $0.13 to $0.15.
RVNBTCRVNBTC
Entonnoir : W/D/H4 (swing)
Je viens de TP 90% de ma position sur un ralentissement H4. Vu qu'on en est à la 3ème impulsion daily (découpage jaune), je pense qu'on ira pas beaucoup plus haut.
Il me reste 10% dans le game avec SL à 1360 aka le dernier creux H4.
—————
Funnel : W/D/H4 (swing)
I've just closed 90% of my position on a slowdown on H4. Seeing that it is already the 3rd daily impulsion wave (yellow drawing), I don't think we'll go further.
I still have 10% of my position in the game with my SL at 1360 aka the last bottom on H4.
Little $RVN piggies get slaughtered. Take profits #RavencoinRising wedge, falling volume, MACD topped out.
RVN/BTC just hit Dangerous 9.618 extension: Raven to pullback ?Raven has been flying beyond all resistances.
Calling the top on this beast will be near impossible
But it has just hit a 9.618, often a move ending event.
Lets see how this goes... am still holding some bags.
If this pulls back some, maybe it will give me clues.
We need a controleld retrace, or a crash is impending.
I can imagine a "blow off top" that spikes above the 9.618 then collapses.....
RVNBTCRVNBTC
Entonnoir : W/D/H4 (swing)
Je suis rentré sur la sortie de compression H4 cette nuit comme prévu. SL large à 650 en-dessous du dernier creux daily.
—————
Funnel : W/D/H4 (swing)
I went long on the compression breakout on H4 as per planned. SL set to 650 right under my last daily top.
Look for #Ravencoin $RVN support around 1210 sat then next waveThe MACD indicates that this move is topping out. On the 15 min chart cloud support is now lining up with the last high around 1210 sats.
RAVEN in Elliott wave 3??After Raven made new highs, I was expecting it would retest that previous resistance.
Right now it seems like RVN is not stopping yet, and could possibly be in wave 3 of the Elliott Wave theory.
$RVN wedge, likely continuation even on low volume #RavencoinThis wedge is very similar to one that formed in the previous parabolic move. That wedge also broke to the upside on low volume and continued the parabolic move.
$RVN Early Predictor of whats to comeThese random Alt runs were an early predictor of the last Halving run and now it has begun again. Start accumulating your favorite alts and prepare to hodl, as last year the overall anticipated involvement in Crypto was .006% of the world's population actually bought crypto, this year that number is expected to climb to a full 1% doubling and even tripling the money flow into the crypto market.
RVN/BTC near term Update: Ravencoin starting ABC pullback ?Quick update to my ongoing Raven analysis versus Bitcoin.
Pullback thus far was a perfect 4.236 extension in the form of 5 waves.
That could be a 'wave A' of and 'ABC' correction in progress it seems.
My RVN analysis started with the last 'top' which did retrace a bit
While it was retracing, I was looking for support zones to buy back in
My last analysis thinking we were at or very near a top
RVN/BTC ever gonna stop? Raven Coin keeps going but 9.618 loomsRaven just keep on flying past all resistances.
And it is teaching me a lesson in "picking the top".
Sooner or later it will stop and Band 8 or 9 have a shot.
Band 8 often compresses to the .382-618 zone for some reason, and it has proven true already.
Band 9 is a common Move-Ender, with the 9.236 being first strong reistance and 9.618 the killer.
Here is one such example:
RavenCoin [RVNBTC] pottential good entry for long!Here we can see subwave 4 of wave 5 in progress.
Long Entry will be good at my targets for wave 4 also that will give to us pretty good setup.
With Risk Reward Ration above 6!
Which is pretty good pottential ROI!
