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Monerobtc

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
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0153 to 0.0141). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0153) Ending of entry zone (0.0141) 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= @ 0.0167 TP2= @ 0.0180 TP3= @ 0.0191 TP4= @ 0.0200 TP5= @ 0.0211 TP6= @ 0.0220 TP7= @ 0.0232 TP8= @ 0.0249 TP9= @ 0.0262 TP10= @ 0.0273 TP11= @ 0.0304 TP12= @ 0.0320 TP13= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0153 to 0.0141). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0153) Ending of entry zone (0.0141) 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= @ 0.0167 TP2= @ 0.0180 TP3= @ 0.0191 TP4= @ 0.0200 TP5= @ 0.0211 TP6= @ 0.0220 TP7= @ 0.0232 TP8= @ 0.0249 TP9= @ 0.0262 TP10= @ 0.0273 TP11= @ 0.0304 TP12= @ 0.0320 TP13= Free
Long
by ForecastCity
Monero's correction is finishedAs correctly analyzed, Monero broke above the trend line resistance and corrected higher. We wrote on Aug 27 that "...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". As a result, the coin did exactly the same, moreover, it pushed even higher to 0.01930 and got almost to the second zone of resistance - 38.2% Fibonacci support. The coin created a shooting star candlestick formation which is a bearish sign. This formation prompted a retracement and the coin is now trading back below the 100 DMA and a horizontal resistance, which ultimately means that correction is finished and we are again looking to test the major support zone between 0.01300 - 0.014000. We are looking for a test of that zone once again, with a higher probability now to make a break. If this happens, look for a quick trip to the next support zone around 0.01100.
Short
by WhaleAgents
2
Monero Price Analysis: Feast or Famine VersionFor those that have been following Monero, you’ve probably noticed the extraordinarily bullish sentiment that has taken hold of the protocl in recent weeks. There are a few reasons for that: 1. On a technical trading level, Monero was looking delectable. Period. 2. There was a report that came out that valued Monero somewhere in the upper reaches around $40k at some point in the near future (which is a few hundred/thousand percent above where it is currently). 3. Monero is a solid project in general and things that are fundamentally solid in any market, with awareness and marketing behind it are never going to die. Now that we got those facts out of the way, let’s get to the actual price analysis itself. Monero Price Analysis From the chart, we can see a break above the baby-symmetric triangle (which resulted in a reversal), into a couple of bounces that eventually let the price start jumping out of the gym before touching back down to earth (where it is now). If the mini-uptrend on the daily chart holds, then one should expect that the price will be increasing for Monero at any point now. Below, is another illustration of the chart to help traders get a better visual of what’s going on: If the uptrend were to hold here, then the green arrow should symbolize where the price action will head to in the future. But we can not just take this at face value! This is crypto, and the price could just as easily break back down below the uptrend line. There are a slew of negative price signals on the daily Exponential Moving Averages Burnt Orange = EMA-26 Lime Yellow = EMA-12 Looks like the EMA-12 may be headed down below the EMA-26, which would be bearish and the price has already crossed below both EMA indicators, which is bearish in itself. So, this is something to watch for. However, it must be noted that the exponential moving averages are lagging indicators. Its a bit messy, but you should still be able to clearly see the bearish cross of the MACD as well as the negative Histogram just getting started and the current bar is bigger than the last, and it also looks like the bars have just started on the negative side too. So, it looks like there's no waning on that situation coming anytime soon. Bollinger’s Bands Price isn’t even at the bottom of the Bollinger’s Bands on the daily. No bounce in sight. (Continued on September 11th, 2018) Let’s Go to the 2 Hour As you can see in the photo above, the uptrend appears to be holding fairly and we can see a slight bounce off of the trendline at the end. The yellow squares that you see are indicative of the touches on the trendline (please note that this does not need to be an “exact” touch, just within the general realm/region). RSI(14) on the 2H Truthfully, the RSI is a bit iffy here, but it does appear to be on its way up. XMR’s fate will probably be decided, in large part, by the performance of the crypto market in general. If the crypto market s**** the bed at some point in time, then yeah, it’s most likely that the price of Monero is going to plummet with it. While it has been defying the market trend over the past month, it has not been entirely immune to downward moves. For the most part, Monero has been on the move while Bitcoin/crypto markets are moving sideways/going up. But when the market is headed downward, it has generally been consolidating as well (we can even observe this phenomenon on the charts now). However, the fact that the uptrend line has held so solidly is fairly indicative of the fact that it is proving to be a reliable point of support for the price. But, a break below this could lead to the same disastrous drop in price that we had seen before. The two pictures above show the inherent risk to traders if they are “wrong” about their long decision. Conclusion (Strategy Advocacy; Not Financial Advice) If it were left up to the author’s hands, and they were resolute on making some sort of play on Monero, then the best play would probably be to wait. The author is unsure about the liquidity of shorts on Bitfinex’s platform, but if the price does break down below the uptrend line that it is on, then Monero would be an excellent short. That’s something that most readers have probably gathered at this point. A price where this breakage below the uptrend would probably be most ‘apparent’, would be at $100. Or, one could wait until there is another massive decrease in the markets, and make sure to short a coin like Monero, because it is more than likely that it will finally depreciate like the rest of the market once it has finally broken its uptrend. Conversely, if this does not happen, then a tentative long position should be placed at the next resistance point that gets broken. It’s fair to assume that the next notable resistance point for Monero is hovering in the $108-$110 range. This resistance point was determined by looking at the top of the range that Monero is trading in. Thus, if the price breaks above the point where Monero is at currently, it would be most prudent to place a long position there and then place a S/L just below the resistance point. Placing a long where the price is at currently could be really risky, even if you have a solid S/L on the market because a dramatic reduction in price could lead to your S/L not being fulfilled at all. And such an event is much more likely to happen in the wake of a major sell off or decrease in price (which tends to happen when price breaks below a trendline). In either case, be safe trading!
BITFINEX:XMRUSD
by librehash
1
MONERO: INVESTMENT GROUP PREDICTS 38,381% GAIN -PROFIT = 44.83%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 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 44.83% 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 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 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 -5.88%   CEO notes "Abra enables purchases of  bitcoin, 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."   August 9: Ledger Nano S adds support for Monero.  August 31: Monero (XMR) Price Surges After Receiving Quantitative Prediction of $39,584. Monero has also been the subject of a very bold and optimistic prediction by ICO advisors Satis Group. The team have analyzed various coins and have predicted that Monero will grow 38,391% in the next ten years 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
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
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
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
MoneroBTC: 3 crucial info. to keep in mindThe 4 hour timeframe chart of Monero (XMRBTC) is shown in this analysis with commentary provided below based on the numbers marked on the chart. (1) Price action in Monero from April 20, 2018 to April 26, 2018 formed the right shoulder (rs) of a head and shoulder top pattern in Monero, which progressed into the bearish channel. The bear channel has contained price action ever since, and is therefore important to pay attention to for Monero (XMRBTC). Price closing outside of the channel is a great opportunity to enter long trades if confirmed by bullish momentum. Other less conservative approaches to going long (buy) would seek to buy XMRBTC prior to price action breaking to the upside of the channel. (2) Support region which is between ~0.01491 and 0.01175 is anticipated to provide an entry opportunity into a long (buy) position. The bottom of the current bear channel does coincide with the lower region of support i.e. 0.01175, which therefore increases the chance of price action finding support in the mentioned region above. (3) The relative strength index (RSI) currently has a downward slope, which indicates the chances of price continuing its path downwards to the support region. The conclusion therefore for this analysis is that Monero (XMRBTC) is in a downtrend (sellers market), and any long (buy) position requires patience for bullish momentum to resume.
by Coin_Analyst
2
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a downtrend 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 37. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0157 to 0.0147). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0157) Ending of entry zone (0.0147) 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= @ 0.0180 TP2= @ 0.0191 TP3= @ 0.0200 TP4= @ 0.0211 TP5= @ 0.0220 TP6= @ 0.0232 TP7= @ 0.0249 TP8= @ 0.0262 TP9= @ 0.0273 TP10= @ 0.0304 TP11= @ 0.0320 TP12= Free
Long
by ForecastCity