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XMRBTC trade ideas

Monero (XMRBTC) analysis The 6 hour timeframe of XMRBTC (Monero) captures over a year and 2 months of price action. The sideways price movement is best described in this analysis as a symmetrical triangle, with extremes of the chart pattern i.e. support and resistance indicated by the dark blue lines. The most recent uptrend starting August 15, 2018 is described using a bullish channel that is tentative. A break below the channel, and also support at 0.015469 could result in price action reaching 0.013192 or lower. A break above the channel however at 0.022360 could see the price action test resistance at 0.032487.
by Coin_Analyst
Monero (XMR) major upgrade makes it officially “Bulletproof”Following past months of development, Monero was preparing for a major upgrade, which yesterday was successfully activated. So what is the upgrade all about? On the 18 October, Monero has implemented a Bulletproffs protocol, which is an advanced technology that makes any blockchain more efficient, cheaper, faster and more scalable. This method for sending private transactions, is considered to be the most effective, which can have a massive effect on Monero, now and in the long term future. It is time to look at the price action since the Bulletproffs protocol has been integrated … Clearly, market hasn’t reacted yet, as during the past few days it continues to trade near the 61.8% Fibonacci support level at btc 0.0015756. However, what should be noted, is that this level has been tested a number of times, and each time price rejected it. The important thing is that after upgrade, price hasn’t fell below the support, and today actually bounced off it cleanly. Not to mention the bounce off the uptrend trendline. So far the price action stays positive for Monero. As long as the support level is being respected, XMR/BTC will either consolidate or continue trending upwards. The consolidation should be confirmed upon the rejection of the btc 0.018600 resistance that is 61.8% Fibs. Upon the price breakout above this resistance, Monero is likely to travel further north, aiming at the key resistance area near btc 0.002 psychological round number. Namely; 78.6% Fibs at btc 0.020088 or 88.6% Fibs at btc 0.020977. Currently RSI oscillator remains below the downtrend trendline, which makes Monero buying opportunity very risky at this time; disregarding the fact that the support is holding. Perhaps more time is needed for XMR to reveal its’ price development plan. Talking about the risk, if the support will be penetrated, with a clean daily close below btc 0.015627, Monero might be forced to go lower, hitting either btc 0.014800 (78.6% Fibs) or btc 0.014230 (88.6% Fibs). Briefly, fundamental news are extremely positive for Monero, although investors didn’t react on it. Perhaps market is still digesting the news and as long as the support is holding, price is likely to rise. Support: 1. 0.015756 2. 0.014800 3. 0.014230 Resistance: 1. 0.018594 2. 0.020088 3. 0.020977
X
by CryptalDash
1
A trading opportunity to buy in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0160) Ending of entry zone (0.0151) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0172 TP2= @ 0.0180 TP3= @ 0.0191 TP4= @ 0.0211 TP5= @ 0.0220 TP6= @ 0.0232 TP7= @ 0.0249 TP8= @ 0.0262 TP9= @ 0.0296 TP10= @ 0.0320 TP11= @ 0.0341 TP12= Free
Long
by ForecastCity
A trading opportunity to buy in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0160) Ending of entry zone (0.0151) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0172 TP2= @ 0.0180 TP3= @ 0.0191 TP4= @ 0.0211 TP5= @ 0.0220 TP6= @ 0.0232 TP7= @ 0.0249 TP8= @ 0.0262 TP9= @ 0.0296 TP10= @ 0.0320 TP11= @ 0.0341 TP12= Free
Long
by ForecastCity
Multiple Bearish Signs for XMRBTCOur hopes for a breakout from that bull flag pattern last week were crushed on the 11th, when Monero broke down against BTC. We sliced through both the 100 day MA, and the 50 day MA as if they weren't there. The upper anchor to our Fibonacci levels provided little support, and currently we are lucky to find some support at the 0.786 Fibonacci at 15649. We are likely to seek relative lows at 13876 again at some point, because there really is no indication of a turnaround here. If so, XMRBTC needs to first penetrate several Fib levels along the way, including 15107, 14727 and 14346. If we are going to see any resistance to this precipitous decline, it will be at these levels. It is doubtful we will see any upside momentum outside of a short covering rally. The fact that we are under both the 100 and 50 day moving average is very ominous and these will provide significant resistance in the future. We'll also have to face the upper anchor of our Fibs again. What once provided support will now provide resistance at 16339. We'll see more resistance at subsequent levels at 17209, 18331, but it will be a Herculean effort for BTCXMR to make it back to 17209, let alone consider anything further.
Short
by Crypto_Terminal_Daniel
I just want to know what everyone thinks of my range linesMy range lines are GREEN, my Targets are Red. I am trying to learn proper placement of S&R and it seems like every crypto is consolidating right now, perfect time to make sure im seeing this right ? EDIT: My top GREEN Resistance line defiantly crosses some candles, but my idea behind this is it looks like it acts as valid Support to Past Price while being Resistance to the Current Price. After I posted this I started to think maybe my Target Lines would have been better S&R Lines but I dont know? Any comments are GREATLY APPRECIATED !!!!
by fiattobtc
1
13 oct -> Trendreversal incoming! Will XMR finally rise?!So you’ve seen that there was a small uptrend in the whole crypto market. Now if you take a look on the daily chart, you see that the price of XMR is retracing, according to the Fibonacci lines the price is still above the 0.5 and 0.618, which means that the uptrend is still going on. Now if you take a look on the 1-hour chart, you see that there is a trend reversal forming. This one is yet not completed, but it will be soon! The possible trading plan you can setup would look as follow: - Now you might step in when the candlestick closes above the neckline, which is the blue line. - Your stop loss would be around 0.016337 - Your first target would be around 0.017321 I already have stepped in at 0.016147, but I am going to add more to my position if the candlestick closes above the blue line. If you want to know more about how I do this, give me a DM! DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!
Long
by RB-30
Victory!! XMRBTC Analysis SPOT ON!!Cryptos took a major hit across the board, as did stocks. The difference between stocks and cryptos is that followers of this account were well prepared for the bloodbath. See for example this article , this one , this one , and this one . Here, we follow up on another successful prediction . We predicted that Monero would break down against Bitcoin as persistent weakness wreaks havoc on this coin. In particular, we called out the level 16339, which is exactly where XMRBTC found support. Although we have crossed quite an expanse of a vacuum zone, we still may see more fallout. Though some consolidation or a relief rally should be expected. When bear momentum picks up again, we turn to levels cited in the attached article in the 15000 handle, specifically, 15649 and 15107. We know we're wrong, at least for the moment, if we can break through levels from above and stabilize at the 18000 handle, at the 1.618 Fibonacci Extension level. Thanks for checking out my follow up post and bonus points if you read the original post where we made this prediction in the first place! Please show some love and give a like if you feel you've benefitted from this analysis. Subscribe to me if you want more insights and technical analysis!
Short
by Crypto_Terminal_Daniel
XMRBTC on the Verge of a BreakoutAs we can see, Monero has been consolidating against BTC over the past several days. Momentum has nearly dropped to zero, and volatility is broken down to new lows, as measured by the ATR. When volatility consolidates to such extremes, this implies an explosive move is on the horizon. We have what appears to be a bull flag pattern on 4 hour charts, though the momentum in the very long term is negative. We could see an explosive move either way, but judging by the way altcoins have been moving against BTC, we fear XMRBTC may break down to lower levels. The current price is finding support at a major level as of the time of this writing at 17096. If we break down from here, watch for levels from below to provide support at 16339, the upper anchor of our Fibonacci retracement levels. Further, we will see support at the Fibonacci retracement levels: 15649, 15107, and 14727. If XMRBTC manages to breakout to the upside we will first face resistance at a Fibonacci Extension level at 18331, followed by a strong level of support at 19292, then another Fibonacci extension level at 21555. Indeed, there do seem to be vacuum zones from above and below, so an explosive move in either direction has a lot of room to fill.
Short
by Crypto_Terminal_Daniel
4