If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break. What do you think? Will the XMR 5...
Keep it simple! For XMR I have allocated three three green boxes where I would look to long XMR. These levels are based on the previous highs to the retracement levels. As it is hard to time the exact bottom for XMR I would ladder in at the three zones 1,2 and 3. For zone 1 and 2 I Would allocate 20% on my trade for each, and then have the remaining 60% of the...
Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 - $8,500 on Bitfinex, and is trading...
A move above resistance at $8,500 would provide confirmation bitcoin's bear market has ended, the technical charts indicate. Over the weekend, the cryptocurrency clocked a three-week high of $8,458 on Bitfinex, adding credence to the short-term bull reversal confirmed last Thursday. Further, the 30 percent rally from $6,425 (April 1 low) proved that the...
Investor: Adoption of Cryptocurrency as P2P Cash is Key For Next Bull Market Ari Paul, CIO and managing partner of cryptocurrency hedge fund BlockTower Capital, took to Twitter to share his thoughts on what might drive the next bull market: adoption as P2P cash, institutional portfolios, privacy, and marketing. the crypto influencer argued that Bitcoin will find...
Elevator Pitch Monero is a cryptocurrency that specializes in anonymity. The coin cloaks transactions and their amounts. Monero also hides all previous transaction history of a coin, which is much different from coins like Bitcoin that have an open ledger for all to see. This matters because it makes the coin fungible- any particular coin can be exchanged for...
Reminder for maximalist Bitcoin HODLers One great reason to HODL Monero too is that Monero's codebase is 100% independent of Bitcoin's codebase If someone finds a huge bug in bitcoins code, it could affect a lot of other coins. But since Monero is a Cryptonote coin, it would not be affected. And while one might say that Monero is more risky because the code...
5 Exciting Monero Developments to Look Forward to in 2018 A lot of top cryptocurrencies will roll out some major features in the coming weeks and months. In the case of Monero, a lot of exciting developments are on the horizon for 2018. Although there is no official timeline for some of these developments, certain features and integrations have been in...
XMR has broken the downtrending center line of the previous moves Gann Fann. It attempted to break above this line several times, being denied each attempt and falling further downward. I finally broke above and has since fallen back to the center line and confirmed support, bouncing off of it. I think this shows a bullish sign for XMR for a potential %50 swing
BTC/XMR has been moving around the .02 level with several instances of resistance. After a strong move up and through, a quick turnaround brought it back down into trend where it has squeezed upwards to retest the .02 level. After a stable push through .02 and a small selling round that couldnt push it below new found support, it appears XMR is ready to make a...
Continuing with the downwards trend after the PBoC market intervention on the Chinese exchanges at the beginning of the month and followed by the elimination of the no-fee policy by the three major exchanges in China, I think bitcoin will continue to go down to around 4750 CNY considering it's bullish tendency is at pause. Bears are in control again but not for...