XMRBTC
Why volume is not always an indicator of valueAs you can see in XMRBTC the volume has been increasing steadily over the years, (possibly fake volume), this leads people to the conclusion that a lot of buyers are present when in reality price is steadily declining and care should be taken when choosing to invest. My conclusion is that volume has little to no correlation to price action, and analysis should be made using various other TI (linear regression, Fibonacci zones for example). First educational post feedback is nice.
Is it the beginning of the end or the end of the beginning? #10Bear markets create strong cryptocurrencies.
Strong cryptocurrencies create bull markets.
Bull markets create shit coins.
And, shit coins create bear markets...
Since January 2018, It has been almost 2 years bear market! I know so many people has been keeping their zombie bags from 2017. Is there any hope? Yes, but not for most of them.
If you are still really thinking that You can get quick rich by only learning trading methodology, buying all the altcoins, You will be regret here. There is no easy money in crypto…
it’s all about working hard and trading smart. Knowing your win-rate is also the key!
What about BitMonero or Monero?
Due to its privacy features, Monero experienced rapid growth in market capitalization and transaction volume during the year 2016, faster and bigger than any other cryptocurrency that year. This growth was driven by its uptake in the darknet market,
In the first half of 2018, Monero was used in 44% of cryptocurrency ransomware attacks!
2019 - 2020 ?
I am not a Fundamental Analysis ( FA ) expert but I can easily say that It looks awful on technical analysis ( TA )
Strongly believe that I can find many coins on better risk & reward ratio. As long as XMR is below 0.01 BTC , it is not worth to keep for a long term.
In the meantime, I already put over 14 $BTC buy order on alt-coins ( You already know it if you are following me on twitter . If you haven't yet, You should do it right away to catch great tips to make so much crypto profit ) . It has been the best time to accumulate right coins! It reminds me between Nov 2016 - February 2017.
( Around 0.005 BTC, i put my first buy order for it tho - At that time, I will be watching closely)
PROTIP:
Let me tell you the secret of crypto !!!
If you want to get a lambo, trading/holding is not the only way! Not happy with results, Change your mindset!
So,what should you do?
-Be a part of coin projects
-Be a part of exchange projects
-Give crypto workshops
-Follow me on twitter
-Run a BTC ATM
XMR and XMRBTC various views
A turn in XMR seems to be in. Both the XMRUSD and XMRBTC are signalling a bottom.
Multi year support seems to be holding. (fake break below got bought up)
Tapped low end of VPVR. Movign back to 1.09B High volume node, and has unfinished business up until 1.5b mark.
Has been following fractal since early sept perfectly.
DeMark 1D: Perfected 9 and S13 triggered.
More DeMark analysis folllowing in posts below
DeMark on 2W timeframe XMRUSD:
2W Perfected 9 buy signal (the perfect 9 sell worked beautifully 18 weeks ago).
DeMark on 2W timeframe XMRBTC
Cluster of A13, C13, and S13.
DeMark on 1W timeframe XMRBTC
Perfected 9 triggered, on green 4 out of 9 currently.
Also really clean break and retest out of falling wedge. (see daily as well)
DeMark on 1D timeframe XMRBTC
Cluster of A, C and S13's triggered and active.
Move to 0.008 High volume node likely. Break and convert that, move to 0.011 next.
MONERO - $XMR - Developing impulse of Third-wave!Allowing for higher in a developing impulse!
Either a pair of ones and twos have unfolded, or wave ii remains incomplete and is tracing out a flat. There's no change to that view. A break of 55.47 would be needed to dismiss the pair of ones and twos. If it is breached, 50.83 would become critical support for the bullish case.
Key Levels: 38.50, 50.83, 55.47, 78.34
Buy at the trendline - approx $62. Looking to break $75. If ALTSEASON is upon us, then $100 might be in the picture long term. For now, we have a rejection at the lower trendline. If the trendline holds, and it should, we can see price hit the $75 mark.
Buy at $63; Stop Loss at $61.
TP = $75
TP2 = $100
XMRBTC Ride The Channel All The Way To 0.1 BTC and BeyondPrivacy is paramount. No other project compares to Monero in that realm.
XMR is easily one of the most undervalued projects leading into 2020.
Look at this chart compared to most altcoins. This is not a pump and dump. This looks beautiful.
All is rainbows and ponies until we fall below the channel.
Let's see this thing bounce hard in the coming months. Q4 2019 - Q1 2020
Network upgrade later this month (Nov 2019). Changing PoW to RandomX.
XMR/BTCKeep 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 investment at the final zone 3. My reason for this is because there is a good chance both the first and second green box do not hold as strong support and we see XMR hit the final green box before going back up. When you ladder you orders in this way you are averaging down the price in which you pay for XMR. I also see the final green box as very good support from previous price action, and that is the reason i would have most of my longs in this range. With a tight stop below the box.
]The orange boxes are where I would take profit as they are ranges of resistance. I normally take 10-20% out of my trade in these areas.
Short term I will be bearish until I see these green boxes hit and held as support.
$XMR, Just crossed and now retesting ~708k sats resistance level$XMR
Just crossed and now retesting ~708k sats resistance level..
Volume is decreasing, so wait for confirmation on a potential flip as an entry for a new leg up..
UCTS indicator Buy signals on the 1D and lower TFs
RSI also at bullish levels
#XMR
Salient indication and evidence for a massive rally: XMR/MoneroBINANCE:XMRBTC
Finding chart patterns in the QRsi candles and combining those signals with Heffae Clouds trading rules results in a highly successful trading strategy. See my prior published ideas for examples of these patterns in use.
You can see prior HnS / IHnS formations on XMR/BTC playing out on the QRsi candles, with one epic failure to rally after the clear reversal signal.
In that failure instance, the price was below daily cloud resistance which made the rejection very harsh taking out that volume node. This breakdown becomes the target for current position.
Unlike the prior IHnS patterns, the current reversal pattern is much larger in scale. Stretching to over 160+ days from shoulder to shoulder, the chart seems to represent the possibility for a larger and longer impulsive move to the upside for this asset.
The current daily candle is at horizontal and trend QRsi resistance, but it is also making an attempt to close above the Daily Cloud, which would be the 2nd cloud rule confirmation of an imminent long-trending reversal.
Consolidation following such reversal signals can take some time, with impulsive moves to the downside expected while big players push index around in order to grab liquidity and fill bags for the coming move.
XMR/USD is a safe bet, but in my case I am blending 3parts BTC pair to 1 part USD pair in order to have a position proportional to R/R estimates, and the USD pair shows less likelihood of a straight-shot move up where I can spend the least amount of time in a position to target.
I will try and keep this updated, feel free to post or message me with any questions.
XMRBTC - Decent Chance of Reversal XMRBTC may reverse it's downtrend. I am supposed to be scaling in, but I just went in at 0.0069 with entire position. Oops.
If my idea fails and the isolated support level breaks, then next stop for XMRBTC is 0.004 (I'll double check on this). I do not think that will happen though.
$XMR, Flipped reclaimed level into support at ~665k sats$XMR
Flipped reclaimed level into support at ~665k sats and now its pushing up with increasing volume..
Crossing above EMA50 (green)
UCTS buy signals active on the 12H & 1D
~705k sats as immediate target
#XMR
Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience.
I have to do a few clicks and everything is managed automatically by the platform..
Thanks
(XMR) Monero could be a good Call!Hi, Traders ! Monfex is on the air !
BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform.
* The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also use it as collateral.
* In general terms, Monero is regarded as a privacy coin because of its untraceable and private nature. A prompt comparison among the privacy featured coins shows that XMR takes the first place by market cap, total fees, and GitHub activity.
* In terms of pricing, Monero is far off (down appox. 90%) from its ATH of $500, registered in December 2017.
* XMR's market cap is now estimated at $965 million, while its trading volume averages at around $26 million, which ranks XMR 14th on the Brave New Coin market cap table.
* Technically, Monero stays within a wedge and is currently closer to its upper band. At the same time, XMR's price is located between the two Fibonacci time zones, so we expect to see a significant (local) top (or bottom) by the end of the year.
* Directionally, we incline more toward a Long shot with the price target area at $85 - $95 level.
Mid-term trade signal
Buy @ $50 - $60.
Target: $85 - $95.
Stop-loss: $48.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
(XMR) Monero could be a good Call!Hi, Traders ! Monfex is on the air !
BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform.
* The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also use it as collateral.
* In general terms, Monero is regarded as a privacy coin because of its untraceable and private nature. A prompt comparison among the privacy featured coins shows that XMR takes the first place by market cap, total fees, and GitHub activity.
* In terms of pricing, Monero is far off (down appox. 90%) from its ATH of $500, registered in December 2017.
* XMR's market cap is now estimated at $965 million, while its trading volume averages at around $26 million, which ranks XMR 14th on the Brave New Coin market cap table.
* Technically, Monero stays within a wedge and is currently closer to its upper band. At the same time, XMR's price is located between the two Fibonacci time zones, so we expect to see a significant (local) top (or bottom) by the end of the year.
* Directionally, we incline more toward a Long shot with the price target area at $85 - $95 level.
Mid-term trade signal
Buy @ $50 - $60.
Target: $85 - $95.
Stop-loss: $48.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.