XMRBTC Which way will we go???Monero/Bitcoin seems to be forming this massive long term pennant structure on the weekly log scale. XMR has been performing quite well this year compared to most of the crypto market, especially Ethereum. However I'm not entirely convinced it will hold support if it breaks out. I think bitcoin has a few more months of bear market to work itself through before this valuation really takes off. If we can hold the upper trendline as support after breaking out, however, I would like to see XMRBTC touch the .01 level. We haven't seen this since October of 2020.
If Bitcoin has another leg down for this bear market in the short term, I think we're going down to .004-.0045 and hopefully we can hold that to try again.
XMRBTC trade ideas
DO NOT FORGET THIS ONEwill we be lucky enough to get a retest??
hopefully yes..
buy and hold after retest
Monero Is Here To Save The Day! (Share your Altcoins - Comments)I sold all of my Altcoins and bought Monero...
I made one of those silly mistakes where you quit your position but quickly fixed it and jumped back in... A quick reminder how your personal/emotional life can directly affect your trading.
Anyway, this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop.
I will be looking at some charts/Altcoins that are in a similar spot as Monero... Altcoins that are bullish and growing while Bitcoin drops.
Do you have any in mind?
If you are looking at any pairs like Monero, let us know in the comments...
Thanks in advance.
Namaste.
✳️ Monero To The Rescue, Hits New Milestone, Next Target Mapped!Monero just hit a new high breaking its highest price since May 2021.
This is the highest price Monero hits vs Bitcoin in 1.66 years...
It isn't easy to say this but it looks ready to continue growing.
So, where is the next target?
As usual, we have different tools to extract resistance levels/targets.
The first one is the October 2020 peak, sitting at 0.011811, this level can definitely work as resistance on the way up.
Now, we prefer the Fibonacci tool to extract targets as it has higher accuracy... This is what we have:
1) 0.10356 for a humble 12.5%.
2) 0.012405 (golden ratio) for a nice 35%.
3) 0.014454 for a great 56%. This level would signify the highest prices since April 2019.
It can happen... It is all possible of course.
Fiat money is infinite.
The world is really big... And some altcoins exist just for the purpose to protect us when everything else is going wrong.
If you want to protect your crypto/bitcoin... Monero has proven to be the right call.
11-April-2022 | Monero Is Here To Save The Day!
"Anyway, this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop."
2-July-20220 | Monero Weekly (Long-Term)
"Monero is good to buy and hold long-term. | A good place to let some crypto-funds rest. "
Namaste.
privacy matters, and the market agrees. Monero has been in a 9-month+ up-trend against Bitcoin.
People are starting to realize L2 solutions are fundamentally flawed, and using Bitcoin is like shitting in a glass bathroom.
If we can close above the 200W SMA, expect to see some serious shit.
"If Bitcoin is a hedge against the dollar, Monero is a hedge against Bitcoin."
XMRBTC Broken Below Recent Rising ChannelAfter a really nice pump upward following on from a strong Buy signal over a month ago, we've now reached the point of return - a breakout on the down side of this rising channel, combined with a Sell signal from our Crypto Tipster v2 indicator would suggest a return to the next level of support.
There are two main levels of support below the current price, one at 5%, one at 15%, the price of XMRBTC should end up somewhere between these two levels. Keep your eyes on this one!
Monero vs Bitcoin Weekly | Still Bullish 8 Months Later...Back in April of this year we shared Monero vs Bitcoin for you...
"this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop."
Apr 11 | Monero Is Here To Save The Day!
And the chart continues to look good.
We have green after green after green candle closing weekly and all this happening above MA200, telling us that long-term growth is possible.
Patience is key.
Monero has more been growing regardless of what Bitcoin does.
Namaste.
Monero/BTC daily pivots - Elliott waves & Fibonacci extensionsHello, I am somewhat new to Elliott Waves, but what I currently see on the "XMRBTC" chart is as follows. We are currently in the 5th wave and we may have resistance at the 0.618 level or at the next Fibonacci touch level and then have 3 corrective ABC moves.
$XMR- watch listthis has been grinding on up 8014 looks to be flipped
dip there and looking to open a levered postion in anticipation of a short term reversal at the bare minimum
trading above the 200 move should happen by wed
XMR still in long term uptrend against DASH and ZECEven though XMR has shown short-term weakness against some coins in the privacy vertical they still have a way to go before they can challenge XMR's long-established upward channel against them.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue bands above or below should present a trading opportunity.
XMR - BTC Looking Strong Coming into the WeekendSaturday 19th November 2022
Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count.
XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR, seeing the weakness in BTC following the SBF FTX debacle.
Let her rip I say.
Money flow is still above the zero line. Volume and Price Oscilllator from Neobutane is creeping higher, but has flashed an overbought signal. But I don't think it will begin to pull back until the purple price oscillator line gets in to the orange band, so things are looking up at this stage. Let's see how the Sunday weekly close play out.
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
Monero Outperforms BitcoinMonero/Bitcoin BITFINEX:XMRBTC made a new high for the year. Over the last year's bear market Monero has outperformed Bitcoin by almost 100%.
Monero is proving itself to be a greater "store of value" during this cycle than the past champion of Bitcoin. Monero is a cryptocurrency that has been around since 2014 and is based on "privacy by default." It is my thesis that increasingly more actual transactions are being done online using Monero due to its privacy advantage and lower fees than Bitcoin.
Dragon Breakout - $XMR Double Your BTC Stack PRIVATELY150+ Day Supply Line Resistance. Falling Wedge. Looking For Breakout & Upside
Time For Up In $BTC, Down In $USD.
In Time, Will Equate To Strong $XMRUSD. Especially Mid Summer to End of Year 2021.
Let's Roll!
$XMR The King
XMR - Monero / BTC 27th October 2022
a red 2 candle has been painted on the weekly. Let's see where it closes at the end of the week.
But this could be the beginning of the pull back.If this does get perfected, there could be another 7 weeks of downside.
So, I am anticipating a bottom developing around the 12th December 2022, which is where the Ichimoku Cloud has flipped from red to green. And right at that point is the 0.005590 Satoshi's which is the area in which I will be placing my bids.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
XMR - Monero / BTC Pull back may be on the cards?7th August 2022
XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115
The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green.
The TK cross turned positive on the 9th July and is still looking good so it looks like there is still some upside ahead for the time being.
Money flow is still positive and green, and the volume and price oscillator is still showing an overbought status. The pull back zones are at the MA of 0.006144 0.005402 and 0.005164 Lets see what happens.
Saturday 22nd October 2022
Well it appears XMR/BTC may be coming to the end of its run.
There is still big green could ahead, but price has flattened out, but an impressive run, with 9 weeks above the 0.007 satoshi range, despite all the weakness in BTC and other crypto alts.
The Neobutane VZO PZO oscillator has been signalling over bought since July but consecutively in August.
XMR/BTC has been on a tear since the Ichimoku yellow arrow up signal in April, so I feel a pull back could be on the cards.
Why you ask? The CMF has topped out and has flipped red, and heading south sharply.
Where could it go? We have another golden cross of the green 33 day and yellow 147 day MA.
So we may not get a big pull back, but that intersection could be a spot of interest around the 0.006360 and the kinjun line of 0.006227.
Another area of interest is Fibonacci OTE between 0.005962 and 0.005404. The red 88 day MA is smack bang in the middle of it at 0.005704.
Or will there be a black swan?
Happy sailing Privacy Pirates!
Best regards,
Snake Plissken
Higher Lows Since FebruaryXMR running higher against BTC since February.
Long string of higher lows disrupted in one spot slightly, but still on track!
Cup and Handle Pattern - CompleteCup and Handle Pattern is Developing on the XMRBTC chart
Not perfect alignment but lots of pressure to the upside
Lets see this breakout beyond expectations
XMR has the street cred and the fundamentals to regain the top 5 from current 29
Privacy is undervalued.
Breakout of Monero v BitcoinThis chart shows a breakout of the XMR Monero price relative to the Bitcoin price from a long run bear trend. The relative price now is also above the 21 month EMA. This is not an XMR buy signal necessarily but a clue as to relative strength.
Would You Short This Chart?If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August 13th.
What do you think? BTC reigns supreme? We go sideways a bit more? Full on breakdown?
Thanks for taking a look, and don't forget to hedge your bets!
XMRBTC Bars Pattern IdeaIf we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.
What do you think? Will the XMR 5 year bear trend continue or will we get a breakout?
Thanks for taking a look. Good luck and don't forget to hedge your bets!
XMRBTC DIVEAfter out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also really strong while trending higher.
The trading volume is stil low...
But as the chart is bullish, this is a continuation signal rather than a bearish one.
A 90%+ target easily accessible on the chart.
Thanks again.
If you read through all the articles you are a genius...
Namaste.
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.
We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.
We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.
We also have a cup & handle pattern starting around August 2021.
And last week prices closed above EMA50.
The RSI at 56 is really good on the weekly.
Monero is good to buy and hold long-term.
A good place to let some crypto-funds rest.
This is not financial advice.
Thanks a lot for the continued support.
Namaste.
