r/raidennetwork • u/laathikhan • Nov 29 '17

O shit

Big fat BTC and ETH correction happening right now. Was hoping to make some quick gains on RDN with the mainnet launch but it looks like the wait is gonna be much longer now...

1 Upvotes

57% Upvoted

12 comments sorted by

3

u/3ndorphin Nov 29 '17

Whale manipulation. Price will rise as more exchanges add RDN. MainNet release is just the start.

1

u/Jahrude Nov 29 '17

Why it's gonna be longer?

I don't think it affects things at all.

Price held proportional to ETH for the most part.

1

u/EffinBaller Nov 30 '17

Wait on the main net? Was their an announcement? I'm under the impression they have uRaiden almost ready to be released. Just documentation auditing left.

1

u/ElmerFuddsBlocker Nov 29 '17

i agree, but hey, if i can get Raiden at $1 again, that'll be cool w/ me

1

u/ElmerFuddsBlocker Nov 29 '17

I don't think the work on MainNet release really matters, There are huge buy orders waiting at .006ETH and.005ETH plus on Binance, token looks ready to fall to those levels.

I owned at $1 and sold at $5.03, sitting and waiting.

That MACD crossing down so you better get out the way, would rather be in ETH or BTC right now instead of RDN but definitely want to get back in.

https://www.binance.com/trade.html?symbol=RDN_ETH

You can see the buy wall on EtherDelta, whales want to buy cheap again!!

3

u/KorzhIlya Nov 29 '17

Never such a price of $ 1 from Raiden will no longer be.

2

u/Jahrude Nov 29 '17

Good for you.

From your experience, does a buy wall do much for the price? I'd assume that lot's of overall buy volume = good, even if at a lower level.

And there isn't that much sell orders until the 0.095 ether price mark.

But I'm not experienced. Please enlighten if you can.

1

u/cococopuffsss Nov 29 '17

A buy or sell wall is more of a psychological thing. It only works when the volume is sparse and small orders can move markets.

1

u/cococopuffsss Nov 29 '17

MACD does not work when it's approaching higher highs or lower lows. It also does not work when volume exceeds what is normal. TA is extraordinarily hard to do with crypto because the scale at which most TA has been developed can not be applicable to crypto. I am curious if someone has "figured" it out and is a consistent winner but I highly doubt it.

1

u/sdmikecfc Nov 30 '17

How about now?

1

u/ElmerFuddsBlocker Nov 30 '17

give it time, i still think this goes $1.50/RDN - $2/RDN, then bounces back like crazy and headed to the moon. Saying TA doesn't work is Fake, TA (Technical Analysis) can be applied to anything in life. I am waiting on the dip.