On RVN/BTC there's a very clear negative divergence forming on the hourly.
Price has run up virtually 100% in the last week, pretty much without stopping, and defying the rest of the market (moving in isolation).
Previous times we've seen isolated moves, the price has come back down again, and combined with the hourly negative divergence. I'm looking at shorting this (i.e. selling RVN back to BTC) at 550 sats, targeting low 400's.
Note: this only applies if you already have RVN, otherwise I wouldn't know how to short this pair.
#notfinancialadvice
Price has run up virtually 100% in the last week, pretty much without stopping, and defying the rest of the market (moving in isolation).
Previous times we've seen isolated moves, the price has come back down again, and combined with the hourly negative divergence. I'm looking at shorting this (i.e. selling RVN back to BTC) at 550 sats, targeting low 400's.
Note: this only applies if you already have RVN, otherwise I wouldn't know how to short this pair.
#notfinancialadvice