it is funny to see that monero pumped like this in the same way like last year and it was also the same month.
both trades are interesting so choose your side wisely
both trades are interesting so choose your side wisely
Trade active
i am entering long gradually in 5 positions sizes stop loss 0.025Note
closed my position with very little profit.
reasons:
1. first trend line broken
2. MACD bearish
3. Volume very low
4. Bitcoin is bullish
re-enter on strong channel bounce or other bullish signal.
XMR Fiat chart also does not look so good.
If the daily changes to green with good volume i might reenter
Note
bounced near the channel looks like sideways
breakout on xmr fiat might provide a valid bull signal - waiting for it
Note
XMR channel bounce and supported on the fiat chart.adding back a smaller position
Note
Monero looks like shit.holding it till tomorrow maybe it will go at least sideways
Note
Monero FIAT bounced on the daily EMA. There is at least a chance that it will consolidate for a further move up
the bearish waves are rather weak and typical for EW 4
You can see that the impulse is loosing strenght on the MACD
Total coin market cap decreased by -13 billion USD short term but i think this is the bottom
The Bitcoin panic dump was more or less random and was rejected by the Daily EMA
Note
Dumped to buy more ETC
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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.