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
XMREUR
Monero: prerequisite of a short-te Long position with 10% ProfitHello, Traders!
Monfex is at your service and today we overview XMR/USD .
XMR is suspiciously the most passive recent time, so there is a premonition that it will soon rise up at least 10% for a day.
Also Monero has a bullish divergence by RSI.
But we remember about money-risk management and limit ourselves of possible losses!
Active Trade Signal by XMR/USD
Buy near $ 52-50.7
Take profit ~ $ 57
Stop at $ 49.45
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed 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 trading assets. 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/USDT MONERO UPTREND DONT MISS IT EASY PROFIT !!!Hello guys.
Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals.
After Zcash it's a second best privacy coin made.
We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin coming days.
Lets rollback at the beginning.
Lowest low on XMR was 0.012 BTC/XMR in August, November and December last year.
Since than, as per technicals and either TA or FA analysis continually bullish as sidewalking, but keeping the trendline.
Judging as per technicals :
Weekly oversold, monthly oversold, yearly... :)
Stochastic RSI is uprising on weekly /(looking very sharp on daily basis), Daily Stoch RSI on very bottom in front of daily bullish cross.
MACD confirms bullish momentum.
When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time.
Speaking of that and having on mind XMR bulletproof fork which brought siginificant improvements as :
To hide the amounts of a transaction one needs to provide commitments to values instead of the values themselves. These commitments need to ensure certain properties, the most important of them being that the sum of the outputs is not larger than the sum of the inputs. In other words, if a transaction has two inputs A and B and two outputs X and Y, we need to show that A+B - (X+Y) >= 0 without revealing any of the values. This is not a very hard problem in principle, but it becomes hard when your system is susceptible to overflowing. This occurs when numbers are stored using a fixed amount of space, and means that if a number becomes too big it will simply disregard the most significant bit. Then, an attacker could choose very large values for X and Y, making A+B - (X+Y) >=0 because overflowing, while in reality A+B - (X+Y) is far less than 0.
To overcome the problem above people use range proofs, which basically prove that a commitment correspond to a number in a certain range, but without revealing the number. This way, an attacker cannot use very large numbers. Unfortunately, these range proofs require (if I understand correctly) a separate ring signature for every bit of the number, making them particularly heavy in terms of space.
Bulletproofs are a replacement for range proofs that use far less space. I do not have a good understanding of the internals of bulletproofs, so I cannot explain them and this comment
However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better).
Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions.
There is a rumor also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it.
I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories.
Biggest run of XMR was from 87 to 450$.
One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers.
XMR in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin .
That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 XMR current price), you would have 143$ worth of XMR since exponential growth and ratio change.
Now, after B is pretty much stable on 5000$ range +, expecting XMR to shoot up as it does making over 100$ per XMR (as making parabolic slope upwards) and makes huge gain.
If you find this TA and FA usefull, feel free to press like and follow.
Constructive comments are welcome, ideas and every type of criticism of course.
Don't hesitate to leave your comment in comment section.
Good luck and happy trading :)
XRPEUR - Mr. Gartley and dr. WolfeTwo bullish patterns can be spotted here. I'll try to enter when (if) price will pullback a little bit to previous candle low and aim for marked targets with drawn stop loss. If it won't come down again, I'll buy breakout out of channel.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XMREURWith possibility for XMR to stay in the channel and bullish divergence on 2H timeframe (see bellow), I'll risk 5% loss with this setup. Targets are temporary and can change a little bit, since Monero may not reach the current low level yet, but are good for start.
Bigger picture:
Bullish divergence on 2H:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
There is a possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
There is possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
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
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should buy or short the market. With Bitmex Cobra you are always in full control of your trading no matter how the market moves.
Check the List of Trades Tab as well to see past trades.
P.s. Bitmex Cobra is an invite only script with 2 day free access!
A Long-Term Trading Opportunity To Buy in Monero/Euro ...Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (132.0)
. Ending of entry zone (116.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 157.0
TP2= @ 188.0
TP3= @ 210.5
TP4= @ 243.3
TP5= @ 268.2
TP6= @ 304.1
TP7= @ 355.5
TP8= @ 420.6
TP9= Free
A Long-Term Trading Opportunity To Buy in Monero/Euro ...Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (132.0)
. Ending of entry zone (116.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 157.0
TP2= @ 188.0
TP3= @ 210.5
TP4= @ 243.3
TP5= @ 268.2
TP6= @ 304.1
TP7= @ 355.5
TP8= @ 420.6
TP9= Free
XMR long. fundamentally the strongest crypto now & technicals ++on a fundamental level, xmr / xmrusd Monero just finished a successful hard fork that kicked ASICs off the network and secured an uninterrupted future without DDOS or spam attacks.
background:
A) all (until recently) monero compatible ASICs are all from one company, bitmain, the shadiest bunch in the cryptosphere.
they put not just one, but 3 backdoors that we know of in their bitcoin mining equipment.
one had a straight up "brick this device" function that could not just shut down mining hardware, but break it permanently.
these people gaining 51% of the network would be catastrophic.
B) Monero's encryption is also symmetric, not asymmetric, meaning it is easy to use ASICs to mine fake blocks and spam the network as a hostile act of sabotage.
basically a way to DDOS the network. This is now impossible.
----------------------------------------------------------------------------------------
on a technical level,
Monero has also shown tremendous strength and still is the one top crypto that had lost least since all time high.
Most crypto is just for pump and dump schemes which are mostly only profitable for those with foreknowledge. Monero is different.
Monero is the second or 3rd most actually **used** crypto. it's the only thing used when anonymity is wanted, it's the only way to make bitcoin, litecoin, ethereum ... fungible, i.e. interrupt a trace from address to address
on a technical basis, Monero is in a falling wedge at the moment and bounced off the 200 day exponential
Monero: Why are you going down?In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.