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MONERO XMR 150$ PRICE TO WATCH? lets find out..BULL or BEAR?Monero (XMR-USD) : has been a long journey down the channel, since that peak on March, nothing has been green here..The anonymous coin that launched a new way to pay the black markets, has turned RED! Troubles over and ready to jump up to bullish territory? let's talk about it.. Why are we so interested on XMR? it has a reputation, many transaction are actually real payment between people and thats a huge must, is not just speculations, it is the real purpose of a coin, the coin is at the moment present on 93 Crypto exchanges (coinmarketcap.com) and that's quite interesting as well as makes it a very popular coin (ranked 10th) The technical analysis on the other side is not that great: Huge resistance at 150$ makes it almost impossible to jump out without expecting some battles at those levels, but the increase on Volume on 1st sept could be a possible Descending Triangle ends, that could allow Bulls to push till 150$, but then indicators as RSI shown already not too much steam (almost oversold) that's why we expect the resistance to act accordingly. After this touch there could be interesting opportunity on the recovery of this coin. Might take time, and we recommend to watch out possible support levels at 84$ level , if support work solid and Volume increase, could be a nice opportunity to jump on the Bull side and broke the 150$ resistance, otherwise if not supported by volume a possible crash to lower level is possible. Hope this will inspire some new ideas, don't forget to hit the like/follow button if you feel like this post was helpful, that's the best way to support us and our work. Happy trading days C-Monkeys
BITFINEX:XMRUSD
by CryptoMonkeys
1
AUDUSD back to 0.75 - Gann and Financial Astrology189-day Gann cycle, strong trend reversal. Tweezer bottom on daily. I'm not a big fundamental/news based guy (I don't believe it matters) - but the new Prime Minister, Scott Morrison, is apparently better for the markets than Mr. Turnbull was. Regardless of the reasons, the trend change was already identified a while ago and price is catching up with time. In this case, there will be violent rise higher from this zone. Not surprising that there are significant bullish Financial Astrological conditions here (I also posted these as an update to my Bitcoin Mirrored Foldback idea - ) August 7th - Sun Square Jupiter Red Vertical - August 23rd - Admetos Square Sun Blue Vertical - August 24th - Uranus AND Saturn Trine Sun Mars exits its retrograde cycle. There is a metric ton of things that all happen between August 23rd and August 26th. Because we are these swing lows, it’s important to notice the confluence of these cycles. The orange box represents the Mars Retrograde cycle it ends that cycle on 26th. There is a Full Moon on the 26th, Moon Apogee on the 23rd and the Sun enters Virgo on the 22nd. Two trine aspects of the Sun: Uranus Trine Sun, Saturn Trine Sun
Long
by itsjustanalysis
BITCONE GO WHERE [ENTRY PLANS]Previous short idea invalidated, time to move on. Good volume from 6.6 (rip new 6800 shorts and stops) and potential bullish catalysts (likely ETF approval) and explosive volatility after yearly lows are good news and should allow at least a small relief rally into the 8000s. R/R of btc at this current price ~7.5k for longs is absurd; If you closely examine the orderbook behaviors from 7.3 to 7.5 in the past few hours it appears ask side liquidity is often pulled and price is quickly being bought up on thin books. Given the lack of a retrace on this huge upmove after breaching 6.8 i'm expecting a retrace to at least 7.2; Planning to scale into longs at 7.2~7k with large scalp shorts at this level if we don't consolidate at the very least. Profit has been taken on longs and I'll let them ride with take profits/stops at 7k flat. Only concern for current shorts is we continue upwards like in april
BITMEX:BTCUSD.PLong
by TradePod
1,5 Month left till the next BIG altcoin run?XRP is in my opinion one of the best coins to measure the altcoin market cycles. As you can see, the baby-blue line, represents the waves. In the chart we can see a lot of similarities between the last cycle and the current cycle we are in right now. The waves are the same, only the price points are different. The next thing I did was measure the time between the start of the May 2017 bull-run and the top of that run witch is about 21 days. The time between the altcoin run of Januari 2018 low and high was about 25 days. Also i've measured out the time between the all-time highs of both cycles and put that data on the right side of the chart. Also notice the last wave (green line). I've put the same rectangle on both cycles. So we might see another drop in altcoins before we go into the next cycle. The good thing is that the levels of the last cycle are higher than the cycle before witch implifies we are able to reach new highs (in sats value at least). We've seen before that if bitcoin goes up, altcoins will lose sats value, but will gain usd value. So, to keep a long story short, we might get another sats drop on altcoins before we will see another altcoin cycle. Let me know your thoughts in the comments. Peace.
Long
by cryptojamey
1
Oh the agony. The lack of humanity. You betrayed us bitcoin!So for about 6 months now we have not seen exponential growth. Call it what you will. I think I will call it a "bitcoin recession." For two quarters we have not seen the kind of positive growth we have come to expect, however, compare what we have now to this time last year and you should still be a very happy camper. If you've been HODLing of course and even if you've been trading, as long as you have more coins you are in a very good position. This brings me to my first point. We tend to have a very short memory and those poor souls that bought into BTC with out doing research just didn't see that this is perfectly normal. We have already had a drawback of approximately 70% which is slightly better than the two or three worst ever. The average cost of a bitcoin through mining, depending on country is somewhere between $531 and $26,170 so let's round and say the spread is $500 to $26000. Therefore we have a whopping grand total average of $13250. Now, if you don't think that is a baseline of where we should be I'm quite sorry. With weighted averages we might say that it's a bit lower, for instance if China is in the dominant position of mining, let's say 75%, then the average with these two numbers is quite a bit lower. If the cost in China was $500 and let's say the U.S. is $26000 then we are looking at a weighted average of $1025. Oh no, that's a dismal price for Bitcoin! Luckily, those aren't the respective prices. It's interesting that bears have pegged a downside price at around $4,000. The cost of mining in the U.S. just happens to be about $4758. Hmmm!?!? Fascinating. The problem is that at this point we know that the average cost of mining a BTC is actually around $6500 so what will cause BTC to fall below this? For reference, this was established in the first two months of the year when the cost to profit was 1:1 ratio. I haven't seen any electric bills anywhere in the world go down. When an electric corporation finds a more efficient way of producing they hold the price stable longer, but they certainly don't drop it. Same for ASIC miners and graphics cards. Demand went up and so did the price. Even though production went up the demand was simply too high. Here's what I'm trying to point out. The top chart shows the overall logarithmic growth of BTC and the bottom shows linear increasing bottoms since late 2017. Despite our current recession we are still growing positive. When I read other peoples views, I concentrate specifically on counter arguments because that's the only way to find something that I've missed. I have yet to read a reason for BTC to plummet. Let's start with Fibonacci retracements. These are potential turning points or high likely-hood of reversal points both on the low and high side. They are not the reason that something rises or falls. If they were, then we would always and forever oscillate. Pennants, flags, cups, H &S, inverse H & S are indicators again, not reasons. That's why they are only correct part of the time. I want a reason on the macro or micro-level, or a well detailed mathematical explanation of why BTC is going lower. Please keep it educational, but also please comment below.
COINBASE:BTCUSDLong
by whiprush3
Basics Part II: Break the spring or make it stronger.In economics courses a lot of professors take the approach of telling stories. For instance, why does a supply or demand curve shift. Country X makes dingle fops, the main material used is copper; but country Y now makes whirly jigs so now copper costs more. Supply cost goes up. Demand stays the same but the supply of materials changes, so now the cost goes up because the supply can't meet the demand. You get the idea. In the next couple of days we meet a long term trend crossroads. Where the converging lines meet something is going to happen. I will be the first to admit, I am not the greatest in analyzing charts. I am not sure whether or not the price is going down or up. I don't even know at what rate this change is going to happen. But what I am good at is looking at a big picture and connecting the dots. So let me tell you two stories. Story one: A stronger spring. Bitcoin is still being mined hence the supply keeps increasing. However, unlike a normal commodity the supply is being halved over a longer period of time. So over time you could say the supply is decreasing. The demand for Bitcoin comes in waves however so there is a fluctuation in the price. (As we see every day with rising and falling prices) Low volume means that coins aren't being bought or sold as fast, but as long as people keep buying the price due to demand can't fall below a certain point. With a value added product, the price also keeps increasing. With each improvement, value is added to the coin, but only when people find it useful. Since Bitcoin was created, very few people have found it less valuable than before. Also we see exponential growth of new funds entering the space. Therefore we have always seen an overall upward trend in the cost. Story two: Break the spring. Bitcoin is still being mined and despite the cost miners are okay with losing money. The supply keeps increasing but the demand goes down. People lose interest so weak hands sell first, strong hands stay the course for a bit, tried and true HODLers also lose faith and take their money out of the equation last or lose it completely. Now there are hundreds of thousands of mining rigs that have no purpose and all the while supply keeps growing but the demand drops completely off the charts. In this case, this is how we see a fall way way down the rabbit hole and never recovers. Now in both cases there are obvious reasons that bitcoin could go up or down. What then becomes more likely? The supply now is created much slower than during the first years of inception. Secondly, institutional money is ever on the cusp of entering the market. My speculation is that they are doing it on the down low as to get the best prices possible. So other than market sentiment what would possibly drive bitcoin down to a new low? Answer this mathematically for yourself and you'll have your proof of what bears say. Now you can also on the other hand look at when you think the next flood of money will come into the space and plan your exit point at the end of the run. Now what are the dots? Money supply, time, mentality, growth, adoption, sentiment, use case, supply, demand, and added value. Arrange correctly and at your own risk because you might not like what you find.
COINBASE:BTCUSDLong
by whiprush3
For all the EOS LoversHi all, getting straight into it. Of late, EOS has seen a nice retracement back to the 50% fibonacci level, coinciding with the 50MA, bouncing straight off it, and retesting the 78% fib. Projections, Expecting EOS to see another retracement to the 50MA. This would be generally healthy for EOS as it seems to be hugging the 50MA more closely. With the crazy run-up like the one we saw in April, its unsustainable to only keep charging upward with no foundation of support levels. My mid term expectation is for EOS to form a double topping pattern and start descending back down. The ideal scenario would have been to go long at 0.0014 (or the 50% fib level). However, at this point in time, there is a sub-optimum risk-reward ratio. Another thing to note is that volume seems to be descending, and this may have just been an exit pump. So.... bulls err on the side of caution :) *not financial advice :)*
by gingerbre4d
MOMO Flat top Breakout in the WorksMOMO which recently had earnings and a nice reaction to it has consolidated for a couple days right at its yearly highs. Today we are breaking a key level that has been holding all year. MOMO has a lot of things going for it. Chinese Stock- Tons of momentum in this sector. HUYA, IQ and many others are really ramping this past month . the whole sector is on fire. Great Daily range. - MOMO can move 5-7% a day it moves quick and can be explosive Very liquid with VOLUME EXPANSION. The last week you have seen volume expand out of its normal range. We should see a nice run in this maybe to 60 over the next couple weeks.
NASDAQ:MOMOLong
by kunal00
Candle Cal Navigates SPX Trends (again)Candle Cal takes another crack at navigating SPX trends. This time he stops to consider whether rock climbing is in the cards. Target: ~2360 SL: 2770 Cal is one of those down to earth people. He realizes, well, it's pretty darn hard to break a 9 year trend. And since that smaller upward channel is already showing weakness, why not hop down a few hundred to consolidate? Originally, Cal thought this correction would come by August. Not so! It began early, and thus the second leg of our journey must begin early as well. Cal is expecting the next leg of the downtrend to begin within a week. He wonders, perhaps Monday, May 28th? Some things to take note of: The chart has a triangle formation beginning in January. The long-term "floor" goes all the way back to the bottom established in 2009. This will be the fourth time the floor gets tested, but economic conditions are not sufficient to break support. Rather than the resistance facing a breakout on its third test, this latest blip is a dead cat bounce which has established a longer-term trend's upper bound.
SShort
by Mekronid