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Xmrusd

XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke above the previous highs of 243.344 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 244.287. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 229.178, and my target @ 261.366. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDLong
by Matthew_Spositi
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDShort
by Matthew_Spositi
Monero back in the data sets already! LOLI just covered my long for -1% on my last XMR call and now we are back to having more positive data for big $ interest. Alas.. the life of a trader! lol... But, like so many other charts out there... (see my links for ETH and DOGE on this post for reference) there is no momo right here. Charts on all timreframes look to be in a slowdown and consolidate mode. This 1440 tick shows it well. Now, if you are long term bull thesis these are GREAT areas to accumulate. Finding the range and bidding in the lower areas can be a super good risk conscious way of building a position (lots of big funds do exactly that.) But, for us, we trade... and this isn't the pitch we are looking to swing at yet.... yet. :)
KRAKEN:XMRUSD
by HumbleFutures
Monero (XMR) to $380 before June? Never say never! Monero is a really interesting coin to me. I've been watching it for a while. It seems to be one of the few coins that is very-much anti-hype, and relies heavily on actual usage, community funding, and other measures of "organic growth". For a coin that has been battle-tested and around since 2014, you'd think it deserves a much higher price-tag! But where others see lackluster performance, I see one of the comfiest longs of all time. The risk/reward is insanely attractive. You can own >1/1millionth of the supply (until ~2040), today, for $4000-5000. This proportional network share is greater than or equal to (depending on when you compare, due to Monero's tail-emission) owning 21 bitcoins on the bitcoin network (currently worth more than $1,200,000). Locally I see a potential bull-flag. But on a longer time-frame, there is undeniable fundamental backing that makes it impossible for me to ignore Monero (XMR). Let's review some facts : 1) Monero is cheaper to use than Bitcoin. I have been looking at the stats from Monero.how to get accurate data on median transaction fee for the last 100 tx's on both monero and bitcoin. Consistently, monero is LOADS cheaper to broadcast. Currently, XMR median-fee is $0.0121 compared to BTC's median-fee of $28.6950 during the same time-frame. 2) Monero is faster than Bitcoin. XMR Average Block-time: 2 minutes! compare this to bitcoin's average block-time which has been only as low as 7.5 minutes in the past 3 years, and as high as 15.6 minutes, with the average 5-times as long as monero's around ~10-minutes. 3) Monero has faster proportional transaction-growth than bitcoin. Again, you can source this data from many sources but I choose to look at the stats on monero.how on a daily/weekly basis, personally. Take a look at the section in the middle titled Monthly transaction count . Monero has been doubling year after year while bitcoin's transaction count stagnates. Likely due to the bitcoin-maximalist narrative shifting from "A Peer-to-Peer Electronic Cash System" to a so-called "store of value" or "digital gold", instead; this narrative shift is likely fueled by the slow block-time and increasing fees pricing out most practical use. 4) Monero has built-in consumer protections. Monero is the only truly digital-cash crypto out there. It provides consumer protection so powerful that the IRS wants to crack it and the darknet is dropping Bitcoin entirely . Now, some people view monero's use in illicit activity as a bad thing. I would like to remind you that Bitcoin comes from the exact same background, with it being the only payment option on darknet-markets for years, and anybody who isn't buying Monero due to regulatory/illicit-use concerns will also have missed buying Bitcoin when it was worth <$1000 as during its early years the same exact regulatory concern existed. Furthermore, the corporate adoption of Bitcoin has not even been stopped by ugly, immutable facts (that people seldom like to discuss for obvious reasons) like this Sit back, and enjoy the ride, my friends. DeFi and NFT are the hype right now, but Monero is inevitable. The price has doubled even after the bittrex-nothing-burger delisting scare (seriously? we lost <0.1% of daily volume) because Grayscale has announced their potential monero trust All of this is going to look so obvious in hindsight. It just moves slowly. I think buying 1.87-18.7 Monero, at least, if you can afford it, will most likely lead to a fantastic return on a local timeframe for USD and almost certainly on a longer time-frame (yearly) as companies like Chainalysis continue to further control transparent blockchains and investors seek consumer protections like the privacy that monero offers. That being said: this is not financial advice; I am not a financial advisor. All investments are inherently risky and there is a possibility of losing all of your principal investment. I think that covers the legal bases ;)
BITFINEX:XMRUSDLong
by chickenboye
8
Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave. * Wave 2: Common retracement levels * 61.8%-78.6% of wave 1 (golden zone, most common) * May also be 23.6%, 38.2%, or 50% * Wave 3: Common extension levels * 161.8% extension of wave 1 (most common) * May also be 127.2%, 200%, 261.8%, 361.8% * Wave 4: Common retracement levels * 38.2%-50% of wave 3 * May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top) * Wave 5: Common extension levels * 50%-61.8% extension of waves 1-3 * 161% of wave 4 * Equal length of wave 1 (COPY AND PASTED TO CLEAR UP THINGS)
KRAKEN:XMRUSDShort
by dashingodds
9
Monero (XMRUSDT/XMRBTC) Potential Long Setup 2021/03/05Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $170, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
X
by cryptotraderog
1
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders! Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level. Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C. Invalidation level is at 288 highs. Bu humble and trade smart! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:XMRUSDShort
by ew-forecast
2