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XMRBTC trade ideas

XMRBTC 4hr Binance - Breakout soon? SOS TA Friday April 10 2020XMRBTC 4hr Binance - consolidation breakout setup - Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend. - At the moment price is ranging between the 4hr support and resistance as it approaches the current trend. I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680 or alternatively a breakdown from 0.007889 targeting 0.007272. Current momentum is up so in my opinion the long will be the safer setup. However, if price approaches the 4hr resistance and gets an obvious rejection, it could present a good short opportunity if we can then break support as the 4hr resistance is close to the 61.8 Fibonacci retracement level. Therefore I will be waiting for an obvious break of a level as confirmation for this trade. Time frame: This trade could take 4 days to a week to play out once we get a break. ------------------------------------------------------------------------------------------------------------- Day trader, trading primarily crypto currency focusing on BitMex pairs. Want to learn to trade? Come join the best only trading community focusing on technical analysis and mindset! Send me a message on tradingview or discord (Jordan S#2373) Not signed up on BitMex? Use my link and save 10% on fees for 6 months. www.bitmex.com
X
by JordanSimmons
MoneroStock Symbol: XMRBTC Opportunity for long bull cycle on the monthly. Tight compression after huge amounts of downfall. Like I said previous on monero I'd be adding to this position.weekly is showing crossover to the upside. Let's walk with it. True privacy coins hold the most value. Monero is one of my top 5. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
XLong
by UnknownUnicorn2319099
XMRBTC Triple Bottom| Down Trend Broken| Support ConfluenceEvening Traders, Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance. Points to consider, - Daily trend change ( Triple bottom) - Local support confluences - Structural resistance respected - RSI testing support - Stochastics in upper regions - Declining volume nodes XMR has put in a probable triple bottom after breaking a strong lower high structure; the bottoming formation will ONLY be confirmed with consecutive higher lows above structural resistance. The structural resistance has been respected multiple times; XMR is likely to trade within the range between support and resistance. Local support has viable confluences indicating a true trade location. The .386 Fibonacci needs to hold true to establish a higher low on the daily. Local support and the 21 EMA being in confluence put a strong emphasis on the level being a strong support zone. The RSI is testing support, currently quite neutral whilst the stochastics trades in the upper regions. It can stay trading here for a while, however does have stored momentum to the downside. The volume nodes are below average; this again indicates that XMR is likely to trade within the support and resistance region before an impulsive move. Overall, in my opinion, XMR needs to break structural resistance in order to establish consecutive higher lows. This will confirm the daily trend change and the bottoming formation. Currently is may stay trading within this range for a while as volume continues to decline. What are your thoughts? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
X
by AzizKhanZamani
3
XMRBTC daily: accumulation 100%/200% gains (NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -15+ years real live trading experience -TOP Author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. XMRBTC daily: accumulation 100%/200% gains (NEW) IMPORTANT: this is a speculative setup, performance is not guaranteed, so please use a tight stop loss. XMRBTC looks like we are under heavy accumulation on daily price chart. This is a slow process and more time is required, however what I see on the chart looks good to me. I'd say 4-12 more weeks of accum and then get ready for solid pumps in Q3 2020. This is a setup for buy/hold traders, do not expect miracle/overnight casino gains from this setup. just put it on your watch list and as long as the bottom holds ground over 4-8 weeks be ready to load it up later in Q3 2020. good luck traders! get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
XLong
by ProjectSyndicate
7
MONERO (XMR) - QUARANTINE/COVID-19 THE 9/11 of the 2020sGovernments famously enacted privacy destroying legislation in response to 9/11 (e.g., Patriot's Act). We are already seeing a similar response by governments to Covid-19. For example, some countries are now tracking their citizens through their mobiles without having to obtain permission from any courts - all in the name of fighting coronavirus! With the rise of facial recognition and new surveillance technology, the coronavirus outbreak is the perfect excuse to ramp up the use of these privacy destroying technologies. Bitcoin, while the most popular and valuable cryptocurrency, is not fungible. Measures enacted by governments with respect to tracking their citizens using various methods (facial recognition, mobile GPS, and so on) could wake people up in that a private, fungibile currency is much more desirable in these testing times. If the situation escalates and government goes full-retard authoritarian, Monero will be an essential tool for a resistance movement. Three possible paths are indicated on the chart for XMR-BTC. I expect XMR to outperform BTC as our privacy is eroded even further. Stay safe out there, be mindful of the hidden agendas of the media/government and plan for the worst.
Long
by ZenTrader111
1
XMR/BTC TA Update (retest swing low?)XMR/BTC XMR is almost back to the mean or previous support where we had a strong rally up to 9000 sats area. XMR is currently formulating a potential bullish reversal pattern as the price approaches near the strong level of buy zone. The market is still uncertain about the future so if any bad news will appear online, XMR could still drop another 10% to resting swing low at 6000 sats area. I'm still not interested to enter the market as of now, but I'm already looking at low-risk high reward altcoins today.
XShort
by PolarHusk