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XMRBTC trade ideas

A New Hope For Monero XMRAfter holding the long term trend line, Monero BITFINEX:XMRBTC managed to show some strength. This move is a Long signal for me. On the positive side we have the fact that it tested 0.015 BTC resistance after the breakout and made it a support . On the negative side, we are in a bear market , we have strong resistances ahead and we have to be prepared for anything. Going back to 2016 levels is not unthinkable at this point. We have to watch these levels for reversal of this short term uptrend: 0.016841 0.018329 0.02 And as usual, let's have a Trailing Stop Loss . My initial level will be 0.013489 . Let's see how far this goes.
Long
by aydngur
Monero bounces off of the trend lineAfter creating a series of the lower lows, #XMRBTC has found a support in the familiar place - a major supporting trend line. For the fourth time in a year and a half, the coin bounced off of a supporting trend line. Currently, the coin is pushing higher and trying to clear the next resistance, a minor down slipping trend line connecting swing highs during the last four months. If it manages is to break and close above this trend line as well, look for a bigger move to the upside with a horizontal resistance (former support) and 38.2% Fibonacci being targeted as the next resistance levels. Moreover, the 100 DMA is approaching the horizontal resistance and IF Monero gets eventually there, we may have a confluence of two huge resistance players - horizontal line and 100 DMA, around 0.01770. If, on the other hand, Monero fails to rally and touches the major trend line again, the chances of a break are much higher as the coin failed to capitalize on the current move higher. If this scenario plays out, a quick trip to 0.01100 is on the cards as many stops are placed just below the major trend line.
by WhaleAgents
XMR/BTC Long Looks primed to pump or is it a trap... You decide!Here we have a long gain for XMR/BTC Buy area is .014 through .0122 range (Blue Box) We see support test that bottom trend line multiple times Also look at the similarities on the RSI (blue boxes) First major run up just barley touched the RSI level in Feb and then again in Aug…. Then we see a change in the indicator pattern in and around October where it goes below RSI and bounces and touches lows 3 times…and current RSI has broken below RSI and so far bounced 2 times with a 3rd on the way. I will be placing buys in and around the .014 range and lower maybe even a few below the trend line and wait while also setting stop loss. HOWEVER If you look at the whole chart it looks like a massive slightly wonky head and shoulders (not a perfect one but slightly you can make one out) …which if it is then we could see XMR dump well below .01 Good Luck Trade smart!
Long
by OffTheChainCrypto99
2
XMR/BTCBy far my favorite pick right now. Monero is one of the only fundamentally sound coins that anyone can say with any certainty will survive in the mid-long term. This has been an impressive shakeout by our market makers, considering the size of the Monero community and how many use it. Should be uptrend from here. Keep your eyes on the market though... If we begin to head back to oversold, there can be more blood. The algorithms don't stop selling until there's more buyers than panic sellers, margin calls and stop losses...
Long
by ovvnyou
MONERO: MARKET RECOVERY & LEDGER ADDS SUPPORT - PROFIT = 23.17%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018. Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 23.17% PROFIT!!! The increase in price may also be explained by positive developments including: June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.   June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.   June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the  Nano -2.13%  1.29% Ledger (cold storage cryptocurrency wallet).   June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.   June 7: Huobi lists Monero.   June 22: Edge Wallet adds support for Monero.   June 26: Ivan on Tech interviews Riccardo Spagni ( aka 1.55% . fluffypony)  June 28: Trezor announces Monero integration.  July 2: Nanex cryptocurrency exchange lists Monero.  July 3: BitBay (cryptocurrency exchange) lists Monero.  July 12: Monero CLI 0.12.3.0 "Lithium Luna" released  July 13: Abra CEO 1.24% notes "Abra enables purchases of bitcoin -3.83% , ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"  July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."  (NEW) August 9: Ledger Nano S adds support for Monero. The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above. ***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
X
by CryptoTradeSignals
Failed attempt #3.... possible correction or a H&S reversal?Seems that the descending Andrews Pitchfork has tested the lower level (1.0) @ point #3. Green lines would indicate a possible head and shoulder pattern for a reversal (right upper shoulder possibly at 23.6% @ 0.01646) Red would indicate a correction and a possible continuation in the downward pattern :( (Base-0.0% @ 0.01056 and possible strong support) I personally would like to see more volume with this last dip... But MACD and RSI so far have been honest as to where we have been trending. :( :( **The larger Andrews Pitchfork shows crossing at the midline and a possible change in direction... which would help possibly break out of the smaller pitchfork for a new upward trend.
by Jackmann82
Monero: Bounce at .014BTC, target .02BTCMonero is crazy. But it's also one of the few cryptos that people actually buy stuff with, and being ~#13 on the market cap, it's fundamentally one of the better cryptos to invest in. (If that's your thing). Reading the Monero chart is difficult, because its extremely volatile, even for a cryptocurrency, and it doesn't follow Fibonacci levels, which kind of makes sense because the people who use Monero are on drugs. However, several patterns do emerge: 1) A tendency to double bottom, 2) A general uptrend against Bitcoin, and 3) Huge profit potential. I'm looking for a bounce at .014 up to .02, and what happens after that depends on the crypto market as a whole. What do you think of XMR? Share your ideas below.
by mattkon
Monero breaks the triangle downMonero has broken out of the triangle after a consolidation period. The coin has pushed through the trend line support and closed below it. In a perfect manner, it returned back to support, now resistance, touched it and rotated back lower. In these scenarios, the price action usually goes and at least tests the previous swing low, but also prepares a ground for the new set of lows. The bias, in this case, is clearly bearish as traders are looking to sell any bounce, as it happened with the re-test of the trend line. If we continue lower, watch out for a test of the 161.8% support zone around 0.01500. If, on the other hand, we brake into the previous triangle again a test of the previous swing low around 0.01700, now resistance, coupled with the 200 MA, is highly likely.
X
by WhaleAgents