$XMR : Back in the game ?Ascending triangle
Looking strong when $BTC move
Due to BTC volatility, we just play the break
Not a financial Advice
XMRBTC trade ideas
$XMR first and second target depending on BB and fibonacci levelLower bollinger band tested a few times on $XMRBTC and last bar might be representing signs of recover. Good RR ratio and two essential targets are available.
XMR/BTCWelcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms have found that threshold, where there's more buyers than sellers.
Bottom is in, where alts vs BTC is concerned.
I'll cover 10ish major cryptos that are worth trading, then I'll leave you guys alone for a while.
They are worth trading for the following reasons:
Fundamentals - Niche/target market, competitor comparison, development, necessity, use-case/potential demand, age, etc
Longevity - they've survived attacks on the technical and financial fronts (pump and dumps) - the longer an asset or species or coin is able to remain dominant, the more likely it is to remain dominant
(obviously, there's diminishing returns to that theory, post-adoption curve)
Liquidity - trading on margin invites additional market makers for both support and resistance - falling knives stop when big buyers have orders up, ready to buy cheaper
List of pairs I will be trading:
XRP/BTC - Real Time Gross Settlement - Proof of Correctness
XLM/BTC - Real Time Gross Settlement - Stellar Consensus Protocol - Jeb has always been about the people, which is why he left Ripple. More likely to gain traction, if run correctly.
ETC/BTC - Smart Contracts - Potential testnet for Ethereum/replacement, should FUD arrive again. Never forget, Ethereum lost the right to claim immutability. Good hedge to Ethereum bet.
IOTA/BTC - "Tangle is better than blockchain" - People love to FOMO this shitcoin. The fact is that Tangle will theoretically be better than blockchain, but that's probably way down the road, after IOTA dies. It'll pump HARD though.
ETH/BTC - Smart Contracts (Demand should grow globally)
LTC/BTC - Silver to Bitcoin and trustworthy testnet that can deploy innovation, without as rigid scrutiny s as BTC .
XMR/BTC - Anonymous (Ring CT )
BCH/BTC - Only potential Bitcoin competitor. Roger Ver is doing a fantastic job with this, by the way. I know, he gets emotional, but he's light-years ahead of 99% of people in this space.
EOS/BTC - Ethereum on Steroids. Expected to fail, as Ethereum will be the hardest thing in crypto to dethrone. It pumps like nuts when there's FOMO though.
NEO/BTC - Smart Contracts (Demand should grow from China)
ZEC/BTC - Anonymous (Zero Knowledge Proofs)
Based on Poloniex's moves with TRX in recent past, and the belief that the market alpha owns Polo, with that "Circle acquires Poloniex" news from forever ago (which we can get into another time), it appears to me than there are a lot of plans for Tron.
Although Justin Sun struck me as malleable, under-experienced and deceptive, this project has everything it could need, to go global. As a commodity/investment, or, as a patsy...
The TRX/BTC pair may be added to my list, if it meets my criteria in the coming months.
Regards
XMRBTC Monero BTC pairMy first look at XMRBTC and like it's USD pair it is in trouble. In a longterm descending widening wedge, sitting on a 9 month old support line, having formed a clear Heads and shoulders and was rejected by the ichi cloud and the wedge resistance.
Only redeeming features is that the daily RSI is oversold and there are bullish divergences on the 4H RSI, which can mean a bounce.
XMR/BTC, MASSIVE BULLISH SHARK (MONTHLY), BULLISH BUTTERFLYWe have a smaller bullish butterfly going into completing a Massive bullish shark pattern. My speculation is that upon completion, XMR goes bull mode!
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
XMR/XBT is repelled by a flat support for the second timeEarlier this morning at 06:00 EDT, KRAKEN:XMRXBT bounced off of a flat support line at around 0.00702 XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). As such, it is reasonable to expect that the current drop in the exchange rate of bitcoin to fiat to be short lived. Historically speaking, the time prior to a block reward halving has (at least in the case of bitcoin) seen a run up in the exchange rate for the month prior to the often-over-reported event.
Typically, when one of the high cap cryptocurrencies undergoes a dramatic upward move, the alternative coin markets decline (as both traders and algorithms around the world sell other assets to rush in and experience the thrill of the FOMO). This is the very force that has driven the exchange rates of assets like XMR down in recent days. All of this having been said, however, these larger trends inevitably take occasional breaks for a natural consolidation period (which is what we are seeing right now with XMR). It is in this moment that traders can snatch up a couple percent from the (short-lived) recovery before bitcoin resumes it's march ever higher toward the next halving.
Monero Stablizing? (XMR)Been updating on this one specifically based on the fact it's one of the best privacy coins out with a more serious market cap.
Monthly still holding the potential compression for a return to the upside.
Long term hold I like it.
We need the Crossover to the upside next for next long term confirmation.
Cryptocurrency is brewing up a storm.
XMRBTC flips resistance to supportXMRBTC compressed for 9 days under the resistance, and now broke it and it flips into support.
Could start the third sub-wave of 3 main Elliot's wave with nice Risk Reward.
Beautiful Trade Opportunities for Monero in Ascending ChannelMonero is in a beautiful ascending channel here. We can see the price oscillating very heavily at the moment. Such volatility is fantastic for traders who want to get several or more scalps in.
You can trade a long position every time the price gets near the bottom support line, which will give you a great risk reward given the overall bullish trend of this channel.
On each trade you can aim to get around 1-1.5% profit, and repeat as often as you can until the pattern gets invalidated.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
XMR - More upside coming?One of the few crypto projects I like and I think doesn't look bad on HTF.
XMRUSD pair laying on the support trying to move higher - XMRBTC pair formed some sort of rounded bottom on monthly (I'd prefer to long this pair if to choose out of 2).
But before trade this, I'd like to see that it will be able to reclaim resistance (red area) first.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Golden ratio for the golden crossMonero fibonacci spiral, looks like a buy
Golden cross can be seen
Price can be seen in green box to climb the fib spiral
XMRBTC Descending Channel BreakoutAs we can see, XMRBTC formed a Descending Channel and is just about to breakout. It can however bounce off the bottom line once again before breaking out.
Monero heavy resistance- Daily resistance @8054 satoshi was hit
- Weekly resistance (since 04/2018) also hit @8054
- Possible Head and Shoulder pattern forming
Targets:
1. 7179 (daily)
2. 6266 (weekly)
Support and Resistance Based Trade Set-Up for XMR/BTCHey all, here’s another entry on my tradingview series called 'Quick Updates'.
In the chart you can find a nice and clean trade set-up based on support and resistance
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
If you want to learn more about how to place your limit orders including entry, stop-loss and take-profit, check out:
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
S & R - XMRBTC - 4 Hour - Short?After drawing up my S & R's, I noticed that my 4 hour support could be placed higher. As I placed it higher, I could see a bearish triangle and had placed a downwards trend line to wear the support would be. Depending on where the next set of candles would be, would determine if it would be a good short entry point or the direction of the market would be ranging.
Note - Please don't follow my TA. This is for learning purposes :)
XMRBTC tecnicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 XMRBTC technicaly based idea, we can see price is bounce from FIBO 0.6 which is in many cases strong support, candels formation good bearish, exepcting hihger bearish market continuation possible till last trend line will update with time.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
