Would You Short This Chart?If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August 13th.
What do you think? BTC reigns supreme? We go sideways a bit more? Full on breakdown?
Thanks for taking a look, and don't forget to hedge your bets!
XMRBTC
XMRBTC DIVEAfter out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
XMR is looking super bullishOpening Long on XMR with Stop loss below 130, three targets are profit taking zones. Stop loss should be manual not automatic wait for 4 hourly candle to close below 130 to trigger stop loss. this trade will give 160% profit
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also really strong while trending higher.
The trading volume is stil low...
But as the chart is bullish, this is a continuation signal rather than a bearish one.
A 90%+ target easily accessible on the chart.
Thanks again.
If you read through all the articles you are a genius...
Namaste.
alt for alt swaptime has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this could be an interesting ride. finally if btc ever decides to implement mweb, this could be a great reason for governments and financial institutions to tighten checks where fiat to crypto or vice versa exchange is involved, since bitcoin would allow more private transactions. past year, many european countries have received eu directives to forbid legal entities to trade with privacy coins such as monero, zcash and other. if btc gains this privacy solution some time in following years, governments could make legal entities to require documents upon any crypto exchange. at this time we could expect higher p2p trading and new p2p exchanges to allow people advertise and exchange without any 3rd parties. unless cbdc decides to destroy bitcoin core and reinvent the wheel. stay safe, hard times could be coming.
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.
We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.
We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.
We also have a cup & handle pattern starting around August 2021.
And last week prices closed above EMA50.
The RSI at 56 is really good on the weekly.
Monero is good to buy and hold long-term.
A good place to let some crypto-funds rest.
This is not financial advice.
Thanks a lot for the continued support.
Namaste.
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event.
A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace.
This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048.
Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
BTCXMR Fractal?
There's a nice and ominous fractal on the XMRBTC chart from way back in the beginning of it's price history in 2014... Let's see if i jinxed it!
Monero (XMR) - June 16hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XMRUSDT 1W Chart)
121.8 or less is likely to be a mid- to long-term investment area.
Therefore, the key issue is whether it can rise above 121.8 and receive support.
(1D chart)
If it fails to rise above 121.8, there is a possibility that it may decline to around 61.5-84.6, so careful trading is required.
I think that the volume profile section formed over the section 61.5-84.6 is the source of the power that supports XMR.
Therefore, if you see support in the 61.5-84.6 section or higher, you can start buying from a mid- to long-term perspective.
However, if it fails to rise above the 121.8 point, we will have to increase the number of coins corresponding to profits through short-term trading.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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XMRMONERO looks like has been in a long term falling wedge (bull flag) and now is few weeks holding above the resistance and Im expecting another leg to the upside to about $900
XMR US draft bill to eliminate anonymous crypto projectsMonero's (XMR) is popular due to its ability to help anonymize users.
The transactions are much more difficult to trace because they use stealth addresses.
But that is not what regulators want for the crypto space.
A leaked copy of US draft bill proposes to eliminate anonymous crypto projects.
DAOs, DeFi and exchanges will be required to legally register in the US!
After XMR hit the $200 resistance, i think it will drop to $137.
Looking forward to read your opinion about it.
Reverse Head and Shoulders for MoneroA little reverse head a shoulders action for Monero... (jeez, I come back stateside and the whole neighborhood is gone. It's going to be okay everybody!)
XMR - I am bullish on privacy !!The recent crypto melt down has not changed my call on Monero relative to BTC.
I have been shaken out of my position and I already regret it.
The long term outperformance of XMR relative to bitcoin is still valid.
The downturn only provided a strong backtest of the breakout.
PRESENTLY THIS IS A NO BRAINER !
Monero (XMR) - May 23hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XMRUSDT 1W Chart)
Resistance: around 218.2
Support: 125-156
It is important to be able to walk sideways in the 156-218.2 section.
125.0 and below are likely to enter the mid- to long-term investment area.
(1D chart)
Primary resistance: around 190.0
Secondary resistance: around 218.2
1st support: 156.0-170.6
2nd support: around 125.0
If it fails to move above 190.0, we should see if there is support above 170.6.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
No such thing as a privacy coin lol this ones gonna pull a LunaTo Zero, Strong sell this Target is $1.50. Not financial advice
XMR Monero LongXMRUSDT had consolidation on H1 TF, After that price had breakdown to liquidate buyers. buyers are already dead now it's time for a little uptrend to kill shorters from previous consolidation. Approximately it is $250-255.
$XMR 1HR Range$XMR performing well against the market today, but looks to be ranging after seeing resistance at former highs. RSI following the same range, with MACD looking to roll over to bear momentum for now.
Has performed substantially well all things considered.
I personally hold $XMR long term, just want to disclose that whenever I look at a coin I hold.
Top pick 2/3 - XMRThe reasons because I took a decent position in Monero are the following:
1 never before in history has privacy been under attack globally
2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o)
3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable
4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it
5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them
As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly.
(since my last post a month ago XMR is already up 50 USD (or 30%).
MACD is turning positive on the monthly time frame.
Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side.
MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance).
The pattern is very similar...
...and if history rhymes this should meen a 11 x against Bitcoin alone.
That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.
King is Coming Back...👑Monroe has broken a long-term trend in its weekly chart and is recording a pullback to it. If the upward trend of the downtrend is stabilized and reversed, good growth is expected.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
$XMR Pullback LevelsSimple levels here for $XMR. Nuts run this past month or two, harsh pullback, but expected at some point.
Short idea XMR/BTC Following this move upside now trading the downside. Setup is pretty simple, as detailed in the chart, and straightforward. You can short now or wait for a rebound which isn't really garantueed to happen, and close at the previous highs of the previous pumps waiting for a potential rebound (to short again, check ZECBTC recent for a better picture). GL
XMR going strong💪Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful.
ENTRY : local high @ 282
STOPLOSS (SL) : local low @ 248.9
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372
REWARD RISK RATIO (RRR) : 4.3
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XMRBTC will formed a Harmonic PatternXMRBTC will form a Harmonic Pattern will continue price in the trend
