XMRUSDT
XMR USD triangle breakoutWe have another potential
triangle breakout on XMR/USDT
I like the cryptos against fiat because
they don't need to compete with BTC
Monero: still going downI personally believe this coin is going down under, to 0.012-0.013 as I've stated in my previous posts. Fractal logic and fibs don't lie, so we'll be getting to that number at some point. I have improved the chart so let's see how this plays out in the upcoming weeks.
Weekly also looks set up for it:
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Bitcoin Bullish by BrexitBREAKING: BREXIT IS HAPPENING TOMORROW.
Well, at least it's starting. And as it happened the last time when the voting was in favour of Britain to leave the European Union, Bitcoin is going bullish. Again. Last year, news media reported Bitcoin gained a lot of validity as digital gold . Well, this time, it will gain even more validity, although this gain will be shared with Ethereum as I stated in my other post.
There is not much more to say about this. Brexit means euro goes down in value, so cryptos, commodities, etc, go up. I believe part of the money coming into Blockchain technology will spread mainly between Bitcoin and Ethereum, so this gain will be shared (be sure to check out the other two posts I have made of Ethereum and Monero today).
Even though the scaling debate and the division within the community will continue, and considering this is the reason why the earnings will be shared with Ethereum, I also believe that in the long term, this debate and this whole situation is a good thing. I agree what Andreas Antonopoulos said in one of his latest videos about it: youtu.be
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Good luck!
Song choice for the ride: Tchaikovsky Overture 1812 - The Final
Movie choice for the ride: V for Vendetta by James McTeigue
ETH to the Moon: London CallingRecently, some people have approached me in my country to ask me about this cryptocurrency they've heard of called Ethereum. They've read it is better than Bitcoin, and they've also heard it will REPLACE Bitcoin.
What? I mean, I always wonder, how do people come to these conclusions? I always end up stunned by how effective marketing is. I mean, something like this is posted in Mashable , it gets copy-pasted all over the internet in different languages, and then everyone suddenly believes it.
According to the article, Ethereum's daily volume is now almost as large as Bitcoin's. And this is true, and an important part of my analysis. It's also important to acknowledge Ethereum's hashing power has been steadily growing to all time highs in the recent weeks, followed by the price increase. But the main thing is, the mainstream media is hyping it and making it look like there is a new real competitor in the game. And it's true, and they are the propaganda part of it.
Scaling debate, Chinese influence both in the exchanges by the PBOC and also by miners with their hashing power, BTU, division, drama, soap opera, etc. Bitcoin has a lot of problems right now, or at least, it seems like it. Ethereum had them last year and it all ended up with two versions of it. But now that it has recovered and with the Brexit event happening tomorrow, Ethereum will continue going higher in price, higher in volume, and probably it's network effect will continue with a very steady and healthy growth.
So what's up with London? Well, if Brexit begins tomorrow , as it is expected to happen, this is going to be bullish for Bitcoin, but guess what, I think it will also be bullish for Ethereum . Why? because it is considered as a new real alternative cryptocurrency to Bitcoin by the media, not just another speculative alt-coin, but it is a hell of a coin backed by them! Same as Zcash, but that's for another post.
I have written more about Ethereum in my first ' ETH to the Moon ' chart. You can read it if you'd like by clicking here .
P.S.: By the way, it seems like the original title Mashable used for its article was ' Ethereum: The non-Bitcoin cryptocurrency that could help replace Uber ' but then they changed it to ' What is Ethereum and could it actually replace Bitcoin? '. Interesting...
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Good luck!
Song choice for the ride: The Clash - London Calling
Movie choice for the ride: 2001. A Space Odissey by Stanley Kubrick.
Xtremely Mega Rekt: The DownfallSo Monero went down a Head & Shoulders pattern as I expected in my last chart , although the size of the right shoulder was a bit higher and longer than I thought it would be.
There are some people who think we're going to bounce back, but these statements come out of nowhere and with no real evidence. I know this is one of the best coins out there, and one of my favourites, considering it's the most anonymous crypto and it certainly has the biggest network effect within all the anonymous coins. It also solves the fungibility problem which Bitcoin might never solve (although there is some speculation that MimbleWimble might be a good solution).
But it's not the moment for Monero, and I'm afraid my fundamentals and my technical analysis are showing me we're entering a bear market that might last for some weeks.
Now, when I start to think about the context in which Monero is right now, I just see Bitcoin and Ethereum getting all the attention. I don't mean by you, the part time-investor, the college student, the "I want to make some easy bucks out of cryptos" people who know everything about ICN and lurk online every single day to look for the next great ICO.
I mean the rest of the people. People who still think that Bitcoin is a new thing but are not so sure of its real world use wouldn't even consider putting money into Monero. At least not yet.
What would make them do so? Positive feedback and good marketing. Is Monero getting it right now? Well, no. Actually, it's a coin which is still related to the deep web, drugs, illegal guns, etc. You know, problems people don't want to be related to.
Ethereum is the only alt-coin which is getting good mainstream media attention, and I explain why in the other chart I just posted.
Considering I believe Bitcoin and Ethereum will be going to the moon tomorrow, I think Monero will sadly collapse to the low levels portrayed in this chart. But hey, you know what, you can margin short it in POLO and make good profits as well.
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and Google. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
Good luck! See you at the bottom.
- Song choice for the ride: Gorillaz - Saturnz Barz
- Movie choice for the ride: Der Untergang by Oliver Hirschbiegel
Xtreme Mega RektThis is your last chance to SHORT. This H&S will play out as it happened in September 2016 and we'll go all the way down to 0.011. Don't make the mistake I did at that time. I bought at 0.023 in September and became a bagholder until this month. I finally sold at 0.024 and took a very small profit. I did learn TA meanwhile so bagholding was definitely worth it, but very tough. So if you're ready to take that chance and baghold until the next comeback, I wish you good luck in that endeavour.
Comments are more than welcome!
LISK possible targetsI have no idea about LISK, so this is just based on Technical Analysis. If this works out in the end and you made profits, please let me know in the comments why do you think LISK is a good investment. I'd like to know more about the fundamentals but I'm not so interested into researching it myself.
Stop-loss at 0.0002.
Good luck!
Bitcoin back to 1160I know it sounds crazy at this moment of capitulation, but I think we'll be going back to 1160 next week. Short term we're going to hit the lowest support level at 840-870. It's the lowest red line in the chart. We haven't visited that support level since August 2nd, 2016. After we bounce back, I expect the descending tightening wedge to break up and take us to 1160. There is a strong FIB resistance at that level.
If you would like to know why I think it will break up on March 29th, please visit my other chart (it failed but the explanation still matters).
If we break down 840, we'll be going into a BEAR MARKET, so watch out!
Good luck!
BTC vs BTU = Sideways until 'Hard Brexit'Bulls and bears are on a draw and fractal logic suggests we're going to be sideways until March 29th. Bulls are going to wake up big time that day. The narrative suggests it will be related to the triggering of the Article 50 by the United Kingdom, in order to do a "Hard Brexit". That means Britain should officially leave the EU no later than April 2019. That also means the Euro will go plunging, so we'll see a lot of volume in Kraken those days and the perfect opportunity to LONG Bitcoin.
Alts will suffer due to this, so I would recommend getting ready to SHORT some, specially XMR. I'm not sure if ETH will plunge with the rest so I'll be updating the other chart I posted earlier today.
Thanks for reading!
XMR Monero short Looks like we had a pin bar reversal candle on the 19th with lower highes and my non repainting buy sell indicator setting was set to sensitive to detect and confirm a downward trend. We have a support level at 0.018000 this is where we will put our take profit
Monero's path to 20 USDTI find XMRUSDT chart more important than XMRBTC. Long until next resistance level around 16 USDT, short and buy back around 15 USDT. Then long again to retest ATH at 18.5 USDT. I expect a bit of consolidation for about two weeks at that level and then test new highs at 20 USDT with a dump all the way down to 15 USDT in March or even 9-10 USDT around April. See chart for details.
Of course, we could also pump all the way up again and breakout to 40 USDT, although I see it less likely within the next three months.
XMRUSDT - OutlookAfter btc washing by China and India. It seems btc washing will be continuous. Then xmr price will reach 15.
