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XMRBTC

XMR - Thoughts, ideas, PotentialXMRUSDT has been on something of an uptick since the March collapse. Recent news of the IRS offering a half million dollar bounty to people who can crack XMR has no doubt been a source of recent bullish activity. I got to thinking, well what happens if someone cracks it? My answer is who knows! Short-term could lead to a brutal dump, long term could lead to it being better suited for regulation meaning $$? That's all speculation based on external factors, and i put emphasis on speculation . ---- A quick look at the history of XMR and we see that it follows the price moves of BTC, often mirroring it's movement but with more volatility. in the past months we've seen it stay consistently above EMA 21, with the recent drop springing back within the week. Sounds great right? Well, I predict further drops in the market overall before things are ready to run wild and free once more. XMR, then, will likely also see declines in price in the coming days before we get back on the run. RSI is on the downturn, MACD seems to be heading to cross into a downtrend after the brief uptrend it's been seeing. This would be the point in the silent comedy where the guy carrying the large object up the stairs from the second floor to the fourth, slips on a banana peel on floor 3 and falls back down to ground level. Likely while being distracted by an attractive neighbor. What will be most interesting, and has proven fruitful during the previous drop, is seeing how coins react to the overall market moves and their recovery speeds. Big moves in the market test large resistance areas across the board and can show us, with a fair degree of certainty, where the supports and resistances lie in a macro sense. These can be risky to buy into, the old "catching a falling knife" analogy, but often provide the information you can later use to set buy-in, TP, and SL points. BUYING IN? I wouldn't buy-in right this second. We might see some more gains post for the short term (im talking a couple days), but I anticipate price moving down to the previous hard resistance point if not lower. It really depends on what we see out of BTC. If the bears are strong enough to smash BTC's lower resistances, XMR will not pose a chance. Best course of action? Wait until we're nearing the previous resistance and make a move then. This is a slow mover, so don't worry about missing 40% gains by waiting a few days to confirm direction is back in the upwardly persuasion. Better than losing 20% because of a market shakeout this week. Potential for 60% gains from previous resistance level to previous ATH. But will be HODL'ing for a bit. That said if/when BTC decides to reach higher highs, expect XMR to be there with it for a tasty return on your pesos. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
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by cryptosince1963
2
XMR looks to breakout 110+ usd - a breakout expecting!Depending on new chart study looks that the privacy coin Monero (XMR) About to breakout above 110+ I did follow the trend of Monero, and have seen also by BTC down trend, it was stable, and it was looking for new breakout. depending on my expecting its possible the xmr will breakout above 110+ soon. The update are not an advice, do always your study before enter any market. Have good time all(: For more updates follow Thank you
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by Protixder
1
Monero (XMR) Looking Strong (400%+ Targets)Monero (XMRBTC) is looking strong right now... Let's have a look at the chart. First, we are looking at the weekly timeframe. We have the full chart for Monero vs Bitcoin on Binance and the signals here are really strong due to the timeframe. Any altcoin trading pair moving above EMA10 and EMA50 daily is considered a strong bullish signal, when this happens weekly (W), we can say the bulls are in full control. Additional growth can easily happen here for Monero. The MACD is basically flat/consolidation above zero (bullish zone). The RSI is very, very strong sitting at 61+. We would consider the RSI to be strong/bullish on the weekly timeframe just above 40... So 60+ is very strong. Prices are trading above the 0.236 Fib. extension level... This level can work as support and is marked by a red rectangle and a blue dashed line. - Above this level, we stay strongly bullish while aiming for the next target. - If XMRBTC moves below it, we can expect some retrace before the next bullish jump. In general, Monero is looking pretty good and is getting ready to grow. Remember to hit LIKE if you want to see more. Namaste.
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by AlanSantana
4
XMRBTC D1: BEST LEVEL / SHORT IT 20% gains possible(SL/TP)(NEW) Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Premiun content -not just random lines on the chart -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates XMRBTC D1: BEST LEVEL / SHORT IT 20% gains possible(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: XMRBTC daily chart review/outlook ::: hit solid overhead resistance ::: distribution in progress ::: topped out now ::: BEARS will take over from that level ::: get ready to short it and get paid ::: TP1 bears is 6800 TP2 bears is 6500 ::: chart currently transitioning into BEAR ::: mode so just adopt to new strategy ::: let's take it one step at a time though ::: recommended strategy: SHORT IT AT MARKET ::: TP1 18% gains TP2 24% gains ::: SHORT/HOLD setup / swing trade setup ::: for patient traders only / no fast gains here ::: re-test of 6800 required now to complete ::: the sequence for the BEARS ::: Just SHORT IT and you will get paid, period ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment outlook short-term: BULLS/RANGE
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by ProjectSyndicate
7
XMR/BTC (Testing Major Resistance)BINANCE: XMRBTC -Monero still on an uptrend as the price recovers back above 8200 sat -It is now testing major resistance area since July 2019 -Last August 21, it had a failed breakout and many Bulls got stopped out -We need to be more cautious this time as the market is still not stable -XMR needs to hold above 8300 for a couple of days to avoid fakeouts -If we can see acceptance above the resistance area -The chances we will see upside continuation will increase -The targets are up to 10k sat or higher ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
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by PolarHusk
23
Run to 13k - 14k with support at 10500Let's see if this plays out. Run likely not over. Consolidation from 10500 - 11500 then we head north in the triangle until we fall out and once again test 10500. Unfortunately I see us spending time back down to 8k and 9k for another accumulation phase, while BTC alt pairs make their runs, but they don't necessarily reflect USD appreciation until next BTC bull market spanning across the mid 2020's decade. Check out my long term XMRBTC chart and ETHBTC chart below. Both playing out. Show some love thank you! All for the speculation of the uncertainty, not financial advise.
COINBASE:BTCUSD
by BackDownBear
Dash- Undervalued sleeperDash was one of the first few Altcoins bursted onto the scene in 2014 and the second most famous anon coin in terms of transaction volume and active address behind Monero (XMR) even though strictly speaking it is semi-anon because its PrivateSend feature is optional. Dash is one one the few fundamentally sound coins in the top 50 coins in terms of marketcap that has performed relatively poor against BTC in the past few months and remains criminally undervalued because it is still about 95% down from its ATH. I would scale in slowly now and build up the position through the dip even though the current price lvl is literally right underneath the major resistance. The upside is tremendous and Dash will likely boom when the public attention switches to Anon coins.
Long
by Libratus