XMRBTC
XMR/BTC 24h - Aggressive EntryXMR appears to be in a downward channel, but we could find a bit of support here at the .786, please remember to set your stop loss and good luck!
Monero succumbing to pressureIt is extremely difficult to find bullish signs in the #Monero chart on different timeframes. The coin is trading below 61.8% Fibonacci retracement, trend line support, horizontal support and both 100MA and 200 MA. It is currently bouncing off of the 78.6% retracement support and it is retesting the triangle support, now resistance, from the downside. If the price action rotates back lower from the current levels, 0.018460, then watch for the more bearish action to take place. In this case, the move through 78.6% is on the cards which will pave the way for the test of the ultimate, all-time, support around 0.01250.
If, on the other hand, the coin suddenly starts surging higher then look out for the test of the horizontal resistance around 0.01900, closely followed with the trend line resistance around 0.0200.
xmrusd quick longnot sure where this will reverse yet im wanna take a quick long at least to the last swing high and then go from there
MONERO: 2 situations..XMR has finished the second ABC correction and is now busy on the X wave or wave 1.
There are 2 situations:
Wave X:
XMR will gain 100%~ and will drop down further
until a lower low is hit; that will be $80~
Wave 1:
XMR will gain 100%~ and will drop 78.5% percent from wave 1 ($143~).
After that wave 3 will begin (Biggggg bull run)
Either way XMR will gain 100%~ from now. This is a great buy zone.
$XMR #MONERO - THE FLAG - at the end of a downtrendHello Lads and Ladies,
As promised, there is at least one TA per day here and today we are looking into XMRBTC - one hell of a clear picture.
To beginn with, we take a look at the previous structure, that was a very strong uptrend that XMRBTC was following after it hit a very strong support at 0.011 this uptrend continued all the way up to 0.034 which was basically a 3x gain.
Logically, we saw a pretty nice crash after it, breaking the uptrend obviously.
After the crash to the 50% fibs retracement, XMRBTC went sideways for quite a while after which it retested the very strong resistance at 0.030. It got rejected there and started a new, very well respected downtrend. This downtrend continued as expected towards the 61.8% fibs line at 0.021, where it was about to break out but this was exactly when the whole market was taking a sweet bloodbath, so very unfortunately this downtrend continued heading towards the 76.8% fibs line at 0.016.
A very remarkable aspect is that this downtrend is VERY steep so the charts naturally narrows when it is approaching the end of the downtrend. You can see this "phenomenon" even better when you look at all white lines indicated in the chart, which are forming a very clear FLAG. This type of flag is normally a very bullish sign and as soon at it is finding support and breaks the downtrend, the breakout is remarkable and humungous.
Since XMRBTC was supposed to change the trend at the 61.8% fibs line, it seems to be changing it at 78.6%. The first big move will be to the 61.8% fibs line, where it will show, if this trend would have been reversing or not, when it ws supposed to do so, but failed due to the whole market. At this point we will either XMRBTC continuing the uptrend towards the 0.030 line OR reading back down to the very crucial support at 0.0116.
Right now, I am very bullish on, especially with many other coins XMRBTC forming right now a bigger double bottom, I see it definitely breaking the harsh downtrend and continuing past the 61.8% fibs line.
Nevertheless, I will watch it closely and would expect it to go down to at least the 78.6% fibs line and see what it is doing there.
I would suggest getting a big bag of XMRBTC at UNDER 0.0175 to 0.016 - lets see what happens.
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MONERO: BULLETPROOF AUDIT & MARKET RECOVERY - PROFIT = 10.56% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 10.56% PROFIT!!!
The increase in price may also be explained by positive developments including:
June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.
June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.
June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the Nano 1.29% Ledger (cold storage cryptocurrency wallet).
June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.
June 7: Huobi lists Monero.
June 22: Edge Wallet adds support for Monero.
June 26: Ivan on Tech interviews Riccardo Spagni (aka. fluffypony)
June 28: Trezor announces Monero integration.
July 2: Nanex cryptocurrency exchange lists Monero.
July 3: BitBay (cryptocurrency exchange) lists Monero.
July 12: Monero CLI 0.12.3.0 "Lithium Luna" released
July 13: Abra CEO notes "Abra enables purchases of bitcoin, ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"
July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
Monero update85-150 usd channel to work with next few months.
I personally will be catching panic sellers.
Overall, good coin, low chances of going to zero.
Looking at XMR...... for potential breakout/reversal. Tons of falling wedge formations on both BTC and USD pairs combined with bullish divergence in MACD and RSI.
XMR/BTC hovers above supportPrice has found a temporary support at the lower median line (lml) of the ascending pitchfork. I've told you that a valid breakdown below the outside sliding line (sl1) will open the door for more drops, so you should still wait for a valid breakdown. The rate could try once again to breakout above the UML and to approach and reach the inside sliding line.
$XMR, Weekly Bullish Flag…
Weekly
Looking at our trend timeframe we see price has recently formed a lower high at 2.2 million satoshis, and is now looking to form a lower low near 1.6 million. Stochastic RSI showing momentum is looking to form a lower and and we should see price follow. A weekly reversal is ideal before taking an potions on XMR.
Daily
Shifting over to our pattern timeframe we see price forming a potential double bottom, stochastic rsi showing momentum is starting to head towards the upside. A daily close above 2million and we should see a run towards the upside, however if we close below 1.9 million expect a sell off towards 1.6million
XMR: ReversalXMR has bottomed out and will reverse soon. Usually ABC corrections will go until the 0.786% fibonacci level (wave 4)
Purple rectangle is a safe buy zone.
XMRBTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: 78%
Profit Factor: 6.9
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XMR double bottom then blast off?Expect XMR to hit resistance at the bottom of the daily ichi cloud. Touch down again around 18k sats, possible accumulation, then blast off.
This depends on btc remaining steady (as does every alt prediction).
MONEROFalling wedge - reversal pattern. Already break out resistance line of this wedge. Looking for next fibonacci levels. Just TA
Sophia Rising Through $Aeon #Aeon18700 bottom.
Sophia, with her guidance, she has bearing on the rising of cryptocurrency as a whole.
Will a historical pattern once again offer support for XMR?BITTREX:XMRBTC finds itself in a similar spot as the last few times it found a bottom (see clouds).
BITTREX:XMRBTC very rarely makes it to a completed "TD Buy Set UP" for the weekly time frame. In fact, it has historically bottomed in week 7 (which we're in currently) just as it makes a bearish fall beneath the 50MA.
The last 2 weekly 7s (had you bought the bottom) returned 200% and 250% respectively from top to bottom.
Below is a snapshot of the same chart for daily time frame. If you look closely...you'll see that each of the clouds (weekly 6/7 bottoms) contain completed daily TDBuy Set Ups. What did Monero just complete a couple days ago? A TDBuy Set Up.
www.tradethe9s.com
XMR/BTC struggling to stay higherPrice is fighting hard to increase and to reach the inside sliding line (sl) and the sliding line (SL) of the descending pitchfork. A failure to make a valid breakout above the sliding line (sl) will signal another drop. However, a drop towards the uptrend line will be confirmed only by a valid breakdown below the lower median line (lml) and below the outside sliding line (sl1).
