Ravencoin - ridiculous move soon

3rd attempt at publishing this idea since the original on September 9th. PineCoders don’t want any of my publications using script I created to be seen on public ideas despite that being the situation for the last 5 years of content published by myself. As such I'm unable to present all the reasons for being bullish on this trade. Such as shame.

The idea has returned 100% so far since the original idea.

On the above weekly chart price action has corrected over 90% since the sell signal. A number of reasons now exist to be bullish , including:

1) The ‘incredible buy’ signal, which has now hidden from public view.

2) The breakouts of Price action, RSI , and Money Flow ( MFI ) resistance.

3) Dragonfly DOJI and Bullish engulfing weekly candles. Fantastic. Was long on this one January last year when the sentiment was fantastically bearish . History is repeating perfectly.

4) On the BTC pair price action recently bounced off the golden pocket. Following that price action recovered the 21-week EMA bull market support band with bullish engulfing candle. (See weekly chart below).

5) On 'what if' list. Easily so.

Is it possible price action falls further? Sure.

Is it probable? No and no.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: weeks
Return: 500% until resistance. Will review after that.

1-week BTC pair

1-week golden pocket bounce + bullish engulfing

Komentarz:

** swing trade opportunity **

There's a strong sell signal at this time. Go long again at 4 cents.

Komentarz:

Zlecenie aktywne:

Boom! Thank you sellers ;) Safe to close swing trade now.