RVNBTC jumps the gun

"On your mark! Get set!" ... [raven flies away - Caw! Caw!] ... "Hey! I didn't say go yet! Can someone shoot that thing down?"

The bear might miss the shot, and the raven could fly away, but the shot will be taken. Be aware. Markets are brutal. Hidden divergence builds in secret while everyone is staring at the RSI bottom.

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Sticking with my bear narrative for now. Started to drop a bit, then reversed up above the resistance line draw on my original chart. This resistance line has been converted to support (bullish), but we still have bearish divergence all over the place in RSI, in addition to an RSI wedge formation. I think it's due for a break to the downside that will likely occur simultaneously with a BTC dump down to the mid $8k zone.

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Nice

Trade closed: target reached

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I'm going to go out on a limb and say it's pretty safe to accumulate in this 300 zone. The likelihood of this turning into a losing swing trade is almost nil given the data that is available. That being said, it's an altcoin, so you never know what can happen. Don't get greedy!

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(wets thumb and sticks it in the air to check the direction of the wind). Eh... I'd sell a substantial position here in the 450 zone. +50% gain in 5 weeks is an *extraordinarily* good trade. Some bearish divergences lining up in mid to long term timeframes. If it's a real alt run, then the sky is the limit, but the likelihood of mega alt run is statistically lower than typical market chop. My advice is to not be greedy but look for new entry points.

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Do not be greedy

swilton

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swilton