XMR/BTC (weekly) Long
1) EMA 21 crossing EMA 55 and approaching EMA 100 on daily TF - early sign of an entry point
2) end of Great Consolidation (3 months) with establishing solid support at .0035 - trade invalidation level
3) rounding bottom (w/higher lows) after 2 selling attempts on high volume - 2nd entry signal and confirmation
4) PA at testing higher boundary of consolidation range at .0051-52 with a declining selling pressure and higher highs... - one more reason to jump on this train
Everything above gives us an idea of a good long-term "stacking sats" trade:
Entry zone - 0.00455-475 (+ good to see some PA-signs EMA 100 indicating exhausted selling)
TP 1 - .0108 btc
Target - .027-30 btc
Stop - .0035
R/R - 6:1
Duration: 4-8 months
btw, LTC/BTC is catching up: the same train but another wagon
2) end of Great Consolidation (3 months) with establishing solid support at .0035 - trade invalidation level
3) rounding bottom (w/higher lows) after 2 selling attempts on high volume - 2nd entry signal and confirmation
4) PA at testing higher boundary of consolidation range at .0051-52 with a declining selling pressure and higher highs... - one more reason to jump on this train
Everything above gives us an idea of a good long-term "stacking sats" trade:
Entry zone - 0.00455-475 (+ good to see some PA-signs EMA 100 indicating exhausted selling)
TP 1 - .0108 btc
Target - .027-30 btc
Stop - .0035
R/R - 6:1
Duration: 4-8 months
btw, LTC/BTC is catching up: the same train but another wagon
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.