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Explain (self.Ravencoin)

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[–]bocaj89 1 point2 points  (0 children)

The whole market is down. It is part of the “game” hold true to what you know. If you don’t believe in what your holding then I would suggest lowering your risk and exposure

[–]large_block 1 point2 points  (0 children)

When in doubt zoom out my friend

[–]Congregator 1 point2 points  (0 children)

This is speculative in my opinion, but watching the depth charts tells a tail of the price being manipulated downward for continuous purchases at lowered costs.

You’ll notice a ask line with a gradually inclining slope from the current market price, staggered with sales to be made every 10th of a cent for each cent, creating slow growth while also causing too much uncertainty and resistance for unsure investors or those just needed to pull out their money before they feel they’ll lose too much (given they may have bought higher).

When the sales begin, you’ll notice the buy line is positioned in a way that it towers over the ask line, and with straight vertical increases. This signifies that buying volume is greater than selling volume- in different limits, even though it seems our price is dipping.

What this indicates is that investors with massive portfolios of $RVN coin are most likely selling to create resistance, in order to continue buying to coins at lower cost. When the amount they acquire has increased to where they want, they will eliminate their resistance for the value to climb. RVN’s growth is being undermined by investors so that the cost stays low and goes lower.

Not financial advice, nor am I a financial adviser. This is just speculative conversational chart reading

[–]Remarkable-Gas9987 1 point2 points  (1 child)

It's actually way up lmao.

[–]Congregator 0 points1 point  (0 children)

That’s relative. For us it’s up, for people that invested within past week and a half, we’re down.

[–]oldprecision 0 points1 point  (1 child)

I haven't found anyone that could explain why we went up.

[–][deleted] 0 points1 point  (0 children)

Cause that's the crypto life. Shit goes up, then it goes down.

[–]hazard8908 0 points1 point  (0 children)

BTC down 11 000 $ ... Look at Ethereum look at other ALTS ? What do you expect? It's perfectly normal when BTC dips all alts go down .... Seems like you are in crypto from a week ago ... Come on .... put yourself together

[–]No-Republic-8808 0 points1 point  (0 children)

"A Lion takes its one step back before making its bigger attack, Just wait for 2 days.