XMRBTC trade ideas
XMR/BTC Cycle count 1W Monero has completed a X wave regular flat correction, will be looking for start of a new impulsive move on monero to new all time highs
XMR next large cap to move! XMR looks like it is the next to join the party. It has bounced off support so far but could see a brief dip down to trendline or even the lower support zone. Looking for entries in those areas could be a better R/R for the move higher!
Ascending wedge has formed as well with a break above that resistance adding fuel for a breakout higher!
Thanks guys!
Monero ascending triangleKeeping an eye on Monero and will wait for the retest if it breaks out of this ascending triangle on the 3D
BTCXMR Key Levels0.012545 is a key level for XMR, if it breaks that there could be a dump
Fib retracement reveals another key level at 0.0129
A trading opportunity to buy in XMRBTCMidterm forecast:
While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 0.01347 on 03/16/2019, so more losses to support(s) 0.01255 and minimum to Major Support (0.01185) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01255000)
Ending of entry zone (0.01185000)
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= @ 0.01580
TP2= @ 0.01710
TP3= @ 0.01900
TP4= @ 0.02040
TP5= @ 0.02300
TP6= @ 0.02565
TP7= @ 0.03420
TP8= Free
Path of least resistance - Monero AccumulationRight now Monero is near a point where there is a lot of resistance, while its support lower is weaker after being touched so many times. At the same time we have a clean accumulation zone.
For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of sense. Monero has pretty good fundamentals (some of the best I'd say among altcoins).
If you don't want to short straight away, wait for a confirmation candle as right now it is on a decent uptrend. My opinion is that we could see a wyckoff case where the price sweeps the lows and then breaks a lot higher
Monero Full Long Term Trade [XMRBTC](139% PP)Monero (XMR) Overview
Private Digital Currency
Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Monero (XMR) Chart Analysis
It is great to start by looking at the charts long term, gives you a better perspective and also helps you gauge the profits potential of an altcoin. Here is the long term chart for Monero (XMR):
I believe the upcoming cryptocurrency bull market will be less “parabolic” than last time. Meaning, it will go as high if not higher (this will take a long time of course) than in 2017 but it will do so gradually… Taking longer to reach high targets.
At least that is the feeling that I am getting from reading hundreds of charts and my general experience with these altcoins.
Now, looking at Monero (XMRBTC) closer, you can easily spot the increase in green volume, as well as the fact that XMRBTC is now trading above EMA10. Here is the chart:
Finally, easier to read is the weekly time frame chart:
Marked green is our demand zone/support. A strong close below this level makes XMRBTC bearish, so we close our trade if that happens.
Anything above this green zone we are positive and this is where we wait patiently for a breakout.
Remember, there are many different ways to trade. You can buy in with a tight stop-loss awaiting the breakout, or you can buy after the breakout. Normally we trade by buying and waiting patiently.
Note: This is a LONG TERM trade. Any trade can take days, weeks or months to fully develop.
All trades remain active unless the stop loss is activated.
We always raise stop loss above buy-in price after we hit our first target, regardless if it is mentioned, suggested or not. This is how you keep your trades profitable, cryptocurrencies are really volatile.
Let’s get started… Let’s start to trade!
Monero (XMRBTC) Trade Instructions by Alan Masters
Buy in: 0.0122 – 0.0129
Targets:
(1) 0.0139
(2) 0.0152
(3) 0.0165
(4) 0.0188
(5) 0.0209
(6) 0.0231
(7) 0.0266
(8) 0.0300
Stop loss: Close weekly candle below 0.0100.
Capital allocation: <15%.
I LIVE FOR THE DAY… AND THAT’S TODAY
Living in the moment can expand your awareness and helps with increasing the enjoyment of life.
Living in the moment might not be easy, but it is the way to win.
So start living in the moment, appreciate the moment, enjoy the moment, focus on NOW!
That’s today… The day for which I live!
Namaste.
LONG x3 leverage on kraken t1:0.0139xx that"s 7% x 3 =21% LONG x3 leverage on kraken t1:0.0139xx that"s 7% x 3 =21%
LOW RISK <<<<<<<<<<<<<<<<<<<<<
HIGH GAIN >>>>>>>>>>>>>>>>>>>>
40% bullrun for long MONERO $XMR ANALYSIS WITH VOULME PROFILE T1: 0.0135 SHORT
T2:0.0155 MID
T3:0.01711 MID
XMRBTCThe best coin there is in crypto, currently ranked down with IOTA and BCH SV...
This has also been the most resilient coin, to the pump and dump efforts.
A sharp increase in price is coming. When, I don't know. Long? Absolutely. Don't overextend yourself.
The powers that control this market can shake you out of any leveraged position.
Monero - Adam & Eve FormingAdam and Eve pattern possibly forming on the weekly.
Will take months to reach first pattern resistance level.
Monero is ready to take off*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
The chart is self-explanatory
Haven't seen clear setups like this in a long long time
There is a possibility for the beginning of an uptrend in XMRBTCMidterm forecast:
While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01255000)
Ending of entry zone (0.01185000)
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= @ 0.01395
TP2= @ 0.01580
TP3= @ 0.01710
TP4= @ 0.01900
TP5= @ 0.02040
TP6= @ 0.02300
TP7= @ 0.02565
TP8= @ 0.03420
TP9= Free
published new idea for XMR/BTC DailyPATTERN : Descending Wedge .
TOOLS : Andrews Pitchfork & Price Cluster.
TRIGGER :Breakout The BD Line .
Stop loss and targets are on the chart .
