Raven Double Bottom

Hello,

Previous trade I closed at a loss (16% of total deposit). My money management sucks :) The good side of it is that it gave me a chance to practice cutting losses and to accept the fact of making a mistake. But the Market will always give a chance to make money. :P

I follow only RVN/MATIC/BAT so on RVN:

If we will be able to hold the support of 195-200 then we have a double bottom pattern.

Spike in volume (at 200-205) will confirm this. Otherwise REKT (if BTC will get down from current 10,210 or get higher).

BTC up ALTs down, BTC down ALTs down. Classic. So really hope BTC will start consolidation after correction from 10,210.

Please DYOR. My analyses never work out.


Kind regards,
Asky

Trade active:

Look at ADA/BTC chart. How the double bottom worked out.

Trade active:

Hammer candlestick on daily timeframe is being developed. Bullish signal. Watching.

Trade active:

Falling wedge on daily timeframe. Waiting for a breakout. Bullish pattern. BTC Dominance is deacreasing. Seems like we should expect a price increase.

However, it is too logical and makes sense. Therefore would do the opposite )))

Comment:

Ascending triangle on 4h timeframe. Bullish. I go long now from current prices.

Comment:

I think we are going to have several huge green candles soon and we will reach 476