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XMR - Thoughts, ideas, PotentialXMRUSDT has been on something of an uptick since the March collapse. Recent news of the IRS offering a half million dollar bounty to people who can crack XMR has no doubt been a source of recent bullish activity. I got to thinking, well what happens if someone cracks it? My answer is who knows! Short-term could lead to a brutal dump, long term could lead to it being better suited for regulation meaning $$? That's all speculation based on external factors, and i put emphasis on speculation . ---- A quick look at the history of XMR and we see that it follows the price moves of BTC, often mirroring it's movement but with more volatility. in the past months we've seen it stay consistently above EMA 21, with the recent drop springing back within the week. Sounds great right? Well, I predict further drops in the market overall before things are ready to run wild and free once more. XMR, then, will likely also see declines in price in the coming days before we get back on the run. RSI is on the downturn, MACD seems to be heading to cross into a downtrend after the brief uptrend it's been seeing. This would be the point in the silent comedy where the guy carrying the large object up the stairs from the second floor to the fourth, slips on a banana peel on floor 3 and falls back down to ground level. Likely while being distracted by an attractive neighbor. What will be most interesting, and has proven fruitful during the previous drop, is seeing how coins react to the overall market moves and their recovery speeds. Big moves in the market test large resistance areas across the board and can show us, with a fair degree of certainty, where the supports and resistances lie in a macro sense. These can be risky to buy into, the old "catching a falling knife" analogy, but often provide the information you can later use to set buy-in, TP, and SL points. BUYING IN? I wouldn't buy-in right this second. We might see some more gains post for the short term (im talking a couple days), but I anticipate price moving down to the previous hard resistance point if not lower. It really depends on what we see out of BTC. If the bears are strong enough to smash BTC's lower resistances, XMR will not pose a chance. Best course of action? Wait until we're nearing the previous resistance and make a move then. This is a slow mover, so don't worry about missing 40% gains by waiting a few days to confirm direction is back in the upwardly persuasion. Better than losing 20% because of a market shakeout this week. Potential for 60% gains from previous resistance level to previous ATH. But will be HODL'ing for a bit. That said if/when BTC decides to reach higher highs, expect XMR to be there with it for a tasty return on your pesos. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
X
by cryptosince1963
2
BTC LARGE DROP INC / SIMPLE CHARTHello everyone! Today we are focusing on the daily chart using the MACD we can see that a larger drop is still yet to play out or to come in the very near future. This looks like its would take us down to 8,000 - 7,000 levels before creating a giant sling shot of divergence which will then catapult us into our next big break out continuing the new bull market. Funny enough, if you look at the MACD the same pattern just played out and is looking to do it again. I drew on the chart where I think the MACD will end up. Choice is yours this is not financial information just a prediction!!!
COINBASE:BTCUSDShort
by Aru_of_Patriot_Crypto
BTCUSD SELL: Ready to give 1000$ DropHello traders! We can see triangle pattern and breakout to the upside but now its losing its strength before the resistance. I studied Bitcoin chart and try to put my formula but it did not worked in many ways, i must say Bitcoin chart is difficult to predict there should be new rules for analyzing Bitcoin perfectly. I have finally found a way to calculate bitcoin movement and derive the Target using my strategy. This formula is really making huge from commodities market and also from currency market. Now i am working on Bitcoin and Ethereum and Futures market. I wish i would have found this strategy early but Thanks to God its a God gifted strategy and has a ability to go correct 100% of the times. I am working hard to make this possible. GOOD LUCK!!
BITSTAMP:BTCUSDShort
by Aadil1000x
9
GOLD Drop comingXAU/USD analysis 11. July 2020: Gold is rising for a long time now without a big retracement. The overall bias is still bullish eyeing the current economic situation. But think about this: We've seen the current situation some times in the past. Think about the IT- bubble in 2000. Stocks where rising at a mind- blowing pace which wasn't healthy, retail traders jumped on the train (see Robinhood traders now). Sooner or later such bubbles have to burst. Currently the stock market is in the same phase right now. We're facing a recession, the FED's balance sheet is enormous and inflation is waiting around the corner. But as always, the humanity tries to save things, without considering the negative sequences that may come. So in my opinion the following is happening: Markets will inflate surpassing ATHs like OANDA:NAS100USD already did. At the same time gold will drop as investors don't see a risk if markets are rocketing. At a certain point, nobody knows when, this whole bubble is going to burst, catapulting the gold price to new ATHs, crushing the Stock market, to enter a deep depression. Same things keep repeating themselves over and over again... But for now, the drop in FOREXCOM:XAUUSD could happen already this week. Price reached a year old resistance at 1800-1818 and is currently consolidating towards the lower end of the rising wedge. We may see some attempts to push this further up but when it breaks this wedge we could be heading to the 1.618 FIB level to 1600 where the daily 200MA is currently sitting. Peace ✌️
OANDA:XAUUSD
by rehbock95
I HOPE EVERYONE ENJOYS FALLING OFF CLIFFS - SQUEEZE 1ST OR DOOM BTC is about to get it's volatility back! Daily close below 9k & bulls are in some serious trouble here. Good luck, and enjoy the rest of your week. My next post will be at the end of this week maybe end of the month. (my thought process behind this week) SPX goes up BTC goes up. SPX goes down BTC goes down..... If 8100 doesn’t hold we’re going to 6000 & if that doesn’t hold we’re going to 3k. After my few months of learning these markets I’ve came to the conclusion my bullish bias was false & in fact structural integrity tells me at least one of those levels, but hopefully see you at 6350. I was filled with bullish bias because I’ve started in April and we’ve only seen upwards action since then with little drops. I think it’s time I experience both sides so I can have a better understanding of the impact both sides can have and leave you blindsided. This is a good lessons & im excited for the next 6 months of trading after I take some time to clear my head. If not 2 will be needed for the next bull run. IMO #BTC see you guys in August, or late this week. & Good luck to everyone I love you all. Thanks for supporting every post and supporting my journey so far. It means a lot, and I appreciate it more then any of you know. <3
OANDA:SPX500USDShort
by Yurlo
1
BTC LOOKING BULLISH JUST AN IDEA BUT HEAR ME OUT...Hello I see that the MACD may say a downside is coming, however it also looks to be winding up for break out. It makes me wonder if this is the start to the bull run due to the altcoins pumping while BTC ranges which is what it does before a HUGE TARE!!! Also it would make sense because the price has been suppressed for SOOOOO LONNNNGGGG. The only part I see as a potential killer to the whole bull run is if USD TETHER FAILS. If the law's jaws <---- teehee clamp shut on them we could be setting up for a drop like BTC and ALTCOINS has ever seen. With all that said and out there... Trade carefully and responsibly, Aru Of Patriot Crypto Have a great DAY/NIGHT!!!
COINBASE:BTCUSD
by Aru_of_Patriot_Crypto
2
Why Is It Actually BETTER If You Missed The Drop -06/24/20 RECAPHi traders, SPY was dropping nicely thorough the day and although I took 2 nice shorts, I could've made much much more. BUT I think we shouldn't really be upset. Why? Because moves like these happen maybe once or twice a month on average. That means if you adjust your management style to these types of days, you'll be getting stopped out more often during more "normal" days in the market. It's just not worth it. If you are very advanced and can tell right from the open whether today's going to be a huge up or down day for the SPY, big thumbs up, and make sure to send me a message how you do it, I will pay you handsomely! :D Anyways, make sure to watch the video for more details and I'll talk to you soon! Trades: 1) CCL - SHORT @16.79, +1.55% 2) DAL - SHORT @27.99, +1% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +2.55% Total PnL for the week: +4.42% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
2