[XMYBTC][670% PP] Myriad LONG on Bittrex Myriad (XMY) Overview
Multi-Algorithm
Myriad is the first currency to support 5 algorithms, catering for ASIC, GPU and CPU mining. Currently, those algorithms consist of SHA256d, Scrypt, Myr-Groestl, Skein and Yescrypt.
Myriad’s multi algorithm approach offers exceptional 51% resistance because a range of different hardware is needed to find 51% of the blocks.
Distribution
Myriad was released to the wild on February 23, 2014 at 18:30 UTC. The first mined block came 4 minutes later, thus establishing that there was no premine.
Myriad Trade Analysis
Myriad (XMY) looks really good on the charts. This altcoin has been available for trading on Bittrex since 2014, this is a year after I started getting involved with Bitcoin. This is one of the crypto-relics (a few years is a long time in this market, the coins cycles are really fast compared to traditional markets). Let’s take a look at it and position ourselves…
Weekly chart:
Myriad found support on the 12th August when it touched the late 2017 price levels. After hitting this low point, this support hasn’t been tested again, a sign of strength since most altcoins had hit bottom twice before moving up.
The MACD is curving and turning up with changing volume; green to red.
RSI moving up slowly after it came out of oversold.
Stronger signals can be appreciated in shorter time frames.
Myriad Trade Instructions by Alan Masters
Buy in: Up to 54
Targets for XMYBTC:
(3) 66
(4) 75
(5) 84
(6) 97
(7) 114
(8) 132
(9) 143
(10) 161
(11) 191
(12) 212
(13) 238
(14) 315
(15) 364
--
Early targets.
(1) 49 – Reached 11-Dec. (+22%)
(2) 56 – Reached 17-Dec. (+40%)
Stop loss: Close weekly candle below 37.
Capital allocation: <5%.
BETTER TIMES
Things can be good for you.
Everything can be great.
Things can be going bad.
Everything can change.
Life is full of downs and ups.
Everything can go right or wrong.
I am always preaching…
Better times to come.
Namaste.
Myriad
XMYBTC taking flightFull retrace and double bottom holding at 37, looking to target 60 and 90 Initially.
Myriad VS Bitcoin Found The SupportThe Myriad has found the support at 73 satoshis, which is a very cheap price in relation to most coins out there. The support is confirmed by two Fibonacci retracement levels. Fist is 327.2% Fibs applied to the corrective wave up after the uptrend trendline breakout. And second is 78.6% retracement of the previous wave up.
Clearly the support has been rejected for two consecutive times and it could be rejected once again. The RSI Oscillator shows bullish divergence adding extra confidence to the potential trend reversal or a correction upwards.
Overall, price seems to be extremely attractive while XMY could substantially outperform the Bitcoin in the short, and medium term. But, break and daily close below the 70 satoshis low could invalidate bullish outlook and extend the consolidation.
Correction imminentStrong bearish divergence apparent, OBV looking weak. RSI flirting with oversold and been hovering for some time.
Expect to see a pullback in the short term. Strong support at 75sats if middle BB breaks - Middle BB currently at 77sats.
XMY/BTC % 447 POTENTIAL PROFIT Myriad is one of the underdog coins that I have been watching for a while. I think it shows some great potential. It is forming a big triangle on the daily chart which seems to be very near apex. Great potential.
Good Luck,
xmy/btc the breakout of the underdogxmy is one of those underdog coins which has the potential of a huge breakout.
the action that I showed with the purple round marking, i believe is going to repeat itself on a much bigger scale over the next few weeks.
That means huge profits for the investors. The thing I like with coins like this is, a small announcement like a new exchange listing (very possible)
makes a huge impact on the coins reputation and thus the price. I believe this coin is very good buy opportunity right now.
Good Luck,
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
Myriad VS Bitcoin Upcoming Wave UpThe Myriad has been trending upwards producing higher highs and higher lows since. The uptrend is clearly valid and is likely to continue. Currently Myriad has corrected from 364 satoshi down to 240 satoshi area where it found the support at 50% Fibonacci retracement.
240 sat support has been rejected multiple times and never went below the 200 Moving Average. XMY/BTC also broke above the 227.2% Fibonacci retracement level and should continue moving higher towards the nearest resistance at 327.2% Fibonacci at 438 satoshi.
XMY Update by Request - May Get SegWit BoostXMY is set to implement SegWit later today, but this may already be factored in .
Has shown strong consolidation up to this point on low volume, hopefully the SegWit news will bring Myriad some attention and we'll see a jump. Target 365 for now, if it breaks, 400+
XMY Mriad wedging out#XMY Myriad has a descending wedge ... Look for it to break wedge to positive or negative (I am thinking positive). Buy order was sent at less than 140 satoshi in premium channel.
-Alex
XMY looking to move higher in next 48/72hrsStrong consolidation in short, mid, and long term. When it moves, should aim to break resistance at 160 and consolidate 160-172. If it breaks 172, next target at 186. Strong support at 125, suggest setting a stop loss just below in case of a downturn.
Looking to build on previous push as illustrated in linked idea.
XMYBTC Myriad. Uptrend ContinuesSo, generally XMYBTC was on uptrend all this time and after BTC correction this coin also was influenced by it, now uptrend will continue and my sell targets are 300, 400, 600. Stop-loss at 130. Good Luck !
S-RoC indicator confirms uptrend by breaking lower border and price is also over 50 MA level.
XMY due to take off?Strong consolidation in both the long-term and short-term. Tomorrow could be the start of a strong upward run provided we see some volume.
XMY Breakout imminentTrading in triangle, looking good for bullish run in the next few hours. Possible resistance marked on the way up.
Double Top at .266Updated Website Released Today! When the Christmas Holiday is over, lets see how it takes off!
$XMYUSD Myriad Coin -- Long & StrongTeam has been developing algos (5 algo coin), website being updated, and roadmap in progress. Working on getting listed at major exchanges, with increased exposure, this cheapie will rock in 2018.
Myriadcoin, the MultiAlgo Originator!Multi Algo, i.e multiple PoW algorithms running in parallel on the same chain decentralizes hashing, avoiding mining centralization within single actors. It also makes a 51% attack considerably harder than it is on a single PoW blockchain.
