Monero trade opportunities: Don't miss this.XMRBTC is in a ranging market about to break, It will first break the range upward then break it downward before the bull run. This analysis is based on the possible pattern that is forming. I will keep updating this chart. Comment, like follow for more accurate ideas. Thank you
XMRBTC trade ideas
XMR/BTC Bull Flag Pattern - Possible breakout upcomingBINANCE:XMRBTC
1st price target around 0.006383
Monero is looking strong and undervalued right now. Fundamentals also point to a higher price.
Monero undervalued against ETH and BTC: Accumulation time?Out of all the crypto currencies out there few things have a better use case than XMR. Unless you are some sort of bank robber all the fiat you spend is anonymous because you are not important enough to track serial numbers on. The $50 you got for a gift either in cash or a giftcard isn't tracked in some immutable ledger like bitcoin, it doesn't show up in you bank account, and you don't have to have people wondering why you bought certain things. Why did this guy buy rope all of a sudden? Why is he buying silver and gold? She bought cough syrup, is she really sick?
This anonymous value is inherent in paper money and the same value keeps XMR hovering around the 15th position on coinmarketcap as other coins of the moment have meteoric rises to the top 10 and then peter out. Any piece of garbage can go to zero and the bollinger bands would be meaningless. But with something with a real world use case like Monero when something is out of the month or weekly bollinger band it it time to either accumulate or watch for the recovery if you want to be a value investor.
This whole thing looks like a set up to a Wycoffian accumulation. So far we have a potential selling climax as well as an automatic reaction. From here value investors would be looking to slowly accumulate as to not pump the price too much and they will be buying the lower part of this formation. The chart below is the great dump bitcoin had in 2018. Price went below the weekly bollinger band and had a selling climax and automatic reaction( I haven't labeled every wycoffian event). One thing to notice is we didn't have a spring (or W pattern) on this time frame. On this chart there was one secondary test and that was it. Monero might have several secondary tests of the trading range and might even have a terminal shakeout. If you don't know what that means go here:https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method or run the risk of staying poor.
Based on this I am looking to be a composite man. I will buy XMR when I see it against any of the bollinger bands on the chart below; Either ETH, BTC, or USD. Since I see eth beating btc over the course of the bull run I will use the ETH and USD charts more than I use the XMRBTC charts. There may or may not be a terminal shake out, I will just have to stick to the plan and accumulate.
If history is any indicator when accumulation is done Monero will pump with a fury against both BTC and USD. The chart below shows the accumulation and when it broke resistance there was a massive one day gain in Monero. This chart also shows that Monero is testing previous resistance as support for XMRBTC. Last time it took a year for accumulation to occur for XMRBTC. This isn't a post for traders, this is a post for investors and people with the discipline to act like the composite man.
CPM Crucial Price Memory Monero 111 MinuteTesting hybrid drawing/indicator model with Gann fans aligned to Bonfire math. Hide and unhide fans as needed.
Bonfire
VWAP
Equilibrium
Dynamic Linear VWAP
Mean
SEE ORIGINAL
XMRBTC is it ready to moon?a clean break above 4300 sat is needed. Most probably will double bottom first creating a local bullish divergence. A potential 5x relative to BTC.
XMR Possible Arbitrage TradeXMR pumping via bot
Up signal on Poloniex (www.cryptoping.tech)
+529%, buy vol. incr. by 13.81 BTC
+1.07%, price: 0.00473341 BTC / $162.7346
Signals: 3/7d
Market Cap: $2,857,449,491
Possible arbitrage after tp
XMR in the ArcXmr 240 candles need to escape from the arc pair resistance without crossing down thru the red 1x1 ascending fib ray - The whole movement is i a similar position caught between the 2 major downtrends above the gann square - a breakout from the arc pair and downtrends would open Xmr up to meeting strong resistance around 0.0064
XMR/BTC Long after sell offAfter bad news hitts the XMR token we saw a drop down not seen since prior 2016.
I get a good feeling that this will regain its BTC vaule shotly... either through the pull back of BTC/USD price or the basic undervaluing in XMR btc pair. Looking at at leas t .008 range for targets.
XMR/BTC long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
Monero ChartMonero is creating a clear and stable structure with many bullish signs.
The panic drop from the delisting news is almost fully recovered from.
Monero fans will not give a damn about this because the fundamentals are the same.
You can still make anonymous transactions no matter what exchange it's traded on.
In its current structure, it is consistently finding higher highs and higher lows.
High buying volume has occurred at supports and on excitement candles.
Higher sell volume has either been recovered from or not moved the price significantly.
In a recent break below a minor trend line, it still managed to form a higher low,
and ist still trading above the next major downtrend line.
The higher highs and higher lows indicate an uptrend, and since it it finding support at the 0.236 it means the sellers
are letting up. If the buyers can take full control past the current resistances, we can expect a sustained
move upward.
Monero long-term pivot pointPossible head and shoulders on monero long term
Looking for a v-shape snap back to confirm
MONERO - longMonero is in a long term downtrend vs BTC. It's become sharper as BTC reaches new ATH, it could continue.
The bounce back could be aggressive, but won't reach previous ATH.
When BTC reaches $100k, XMR could represent 2% of that value or $2k per XMR.
Seller exhaustion on XMRBTC with Engulfingh daily candleSeller exhaustion on XMRBTC with Engulfingh daily candle
XMRBTC recoveredDropped below key support, xmr looked doomed. Bullish divs on the 12H saved it, creating a fakeout which will surely send xmrbtc further up. entry at the support retest. I think xmrbtc bottomed and people are moving their BTC and alts into xmr and zec for private transfers.
XMRBTC Sitting on 4 Supports. Will it hold?1) Downsloping channel support
2) .618 Fib Support
3 & 4) Candle High Closes on the Weekly (Blue Circle)
XMRBTC now or never?The last weeks look like a symphony of destruction, but if anyone wants to buy XMR with BTC I think this is the place.
6 year ATL to ATH cycle back into the golden pocket, 2015/16 ATH and (as of yet) on top of a 1000 days long trendline.
3D RSI is at absolute record rock bottom, weekly not yet but do we REALLY have to get there? Come on bears lol.
Might still do some nasty death wicks though...or just break through and die. Who knows, the bears have been very aggressive.
But I think in hindsight this area will look like an obvious buy.
XMRBTC RSI 79 to 21 in 80 Days -Know A Good Deal When You See ItXMRBTC RSI 79 to 21 in 80 Days -Know A Good Deal When You See It!
Follow this thread and take notes! bUy hIGh sElL lOw
XMR/ BTC SymmetryA very volatile market, one day you have BTC engulfing the market with dominance raising fastly, another day you have alts catching up while BTC is also raising. This parabolic, now vertical BTC rally would most likely end is tears when it corrects. Looking at the altcoins, I couldn't help but notice this XMR symmetry. Currently sitting at support from a long time before. An ABC deadly correction. If we take the impulse before the correction, it ends at a previous high zone. I would enter a position here in XMR even though privacy coins are under scrutiny.
MONERO - Most undervalued cryptocurrency on the Planet.Time to back up the truck for the biggest long of our lives!!
Monero on the Yearly! Transactional #privacy in #crypto can't be stressed enough! Ridiculously undervalued In my opinion.
Check back on this in the future. You missed your chance at cheap Monero!!!
XMRBTC dropXMR usd pair has done really well, but the BTC pair now looks in trouble. Weekly bullish engulfing candle with rejection of the RSI trendline. A fall under support of 6384 will send to 5230 followed by 4000.
