BINANCE:RVNBTC   Ravencoin / Bitcoin
Hello Friends,

Looking at the daily chart we can see that wave 4 has been completed and now we are beginning to ascend toward perspective targets.

Details on the chart.

This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.

Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.

If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!

CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.

Cheers!
Comment:
Trade active: Looking at the weekly, possible bounce off of the 10 SMA

Trade active: Last line of defence is the 0.786 Fib. Looks like a bounce.
Trade active: Here is an update for RVN on the weekly chart. It is looking like a good opportunity. Cheers!
Trade closed: stop reached
Any first immediate target
May be is @ 1600+

Reply
Thanks for update

Just think of this
When I told u load off and if u listened to me rather I listened to u
We would have been in the glory

Never mind

Let’s see how it plays
Reply
Should I buy? hehe 10 btc on RVN let's gooooo!
Reply
keifer devilninja777
@devilninja777, Nothing risked...Looks like we got a bounce from 0.786 (last line of defence). Although the EW count restarts as the 4 correction closed below the 1 wave, unless wave 3 is really wave 1 and 4 is 2? I will need to look at that. I will not mention stop loss as you already know. Good Luck! :)
Reply
keifer devilninja777
Reply
Can’t get worst than this :((((((
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ppl say and TAs show btc will dump to 46xx. If so then what will react rvn? up or down ? we all know rvn dont care about btc price but after binance most of rvn bots uses btc price.
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keifer Saphiretr
@Saphiretr, I empathize with you cuz I am in it. I am against FUD but fell into it. Anyways, on a positive note, IMO BTC is in an Elliot Wave and in the correction of wave 5. Best not to do any trading now until BTC consolidates. When BTC completes the ABC cycle, and begins cosolidation, that is when Alts will thrieve.

BTC has formed a cup and handle and is in the handle period. When the neckline is complete, we will see BTC approach HH and Alts will do better along the way. Be patient as I have to be, nothing can be done until this journey is completed.

Cheers!
Reply
keifer keifer
@keifer, *not FUD but FOMO LOL
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@keifer, For BTC Elliot Waves and ABC corrections never end. After ABC cycle ends new Elliot Wave begins.
And i dont agree with you that we btc is in the handle period. Cup top level is 6550 and still we have not reached that point yet. If there is a cup we are on the cup cycle now.
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