RVNUSDT - RISK/REWARD 1:10 - HALVING

Ravencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved.

The current Ravencoin block reward is 5,000 RVN. After the halving in January 2022, the block reward will be halved from 5,000 RVN to 2,500 RVN.

We might be able to get good entry below 0.10$ during January and position ourselves for the halving which will happen around 12 of January.

Reclaiming 50/200 DEMA will be seen as bullish movement, and closing daily candle above 0.125xx will show a trend reversal to the upside.

Posting this without entering the market, but will keep this updated once an entry has been made.

Comment:

Entered 0.71 with 50% position

Comment:

So far we are getting good entries at current prices and a lot of time to accumulate a position due to fear in the market due to FED policies of inflation, fear of war between major countries and new COVID variants.

The halving event will happen in less than a month, and it's quite possible that we will have better market sentiment by than.

Using a SL might prove useful or disadvantage in this, since there is big volatility (Crypto baby) and the exchanges might decide to hunt key levels

Trade with caution and DYOR!

Comment:

Been a long month for me, sorry for not updating this constantly, but nothing much has occurred to show a reversal.
The current levels are perfect for entering a position, went in with a little bit more in the past few days and waiting.

Happy 2022!

Comment:

So far it has been crazy start of the year, bought a little bit more at 0.06 plan hasn't changed accumulating slowly and waiting.