Monerobtc
$XMR #MONERO - THE FLAG - at the end of a downtrendHello Lads and Ladies,
As promised, there is at least one TA per day here and today we are looking into XMRBTC - one hell of a clear picture.
To beginn with, we take a look at the previous structure, that was a very strong uptrend that XMRBTC was following after it hit a very strong support at 0.011 this uptrend continued all the way up to 0.034 which was basically a 3x gain.
Logically, we saw a pretty nice crash after it, breaking the uptrend obviously.
After the crash to the 50% fibs retracement, XMRBTC went sideways for quite a while after which it retested the very strong resistance at 0.030. It got rejected there and started a new, very well respected downtrend. This downtrend continued as expected towards the 61.8% fibs line at 0.021, where it was about to break out but this was exactly when the whole market was taking a sweet bloodbath, so very unfortunately this downtrend continued heading towards the 76.8% fibs line at 0.016.
A very remarkable aspect is that this downtrend is VERY steep so the charts naturally narrows when it is approaching the end of the downtrend. You can see this "phenomenon" even better when you look at all white lines indicated in the chart, which are forming a very clear FLAG. This type of flag is normally a very bullish sign and as soon at it is finding support and breaks the downtrend, the breakout is remarkable and humungous.
Since XMRBTC was supposed to change the trend at the 61.8% fibs line, it seems to be changing it at 78.6%. The first big move will be to the 61.8% fibs line, where it will show, if this trend would have been reversing or not, when it ws supposed to do so, but failed due to the whole market. At this point we will either XMRBTC continuing the uptrend towards the 0.030 line OR reading back down to the very crucial support at 0.0116.
Right now, I am very bullish on, especially with many other coins XMRBTC forming right now a bigger double bottom, I see it definitely breaking the harsh downtrend and continuing past the 61.8% fibs line.
Nevertheless, I will watch it closely and would expect it to go down to at least the 78.6% fibs line and see what it is doing there.
I would suggest getting a big bag of XMRBTC at UNDER 0.0175 to 0.016 - lets see what happens.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
MONERO: BULLETPROOF AUDIT & MARKET RECOVERY - PROFIT = 10.56% !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 10.56% 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 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. 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 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."
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)***
XMR double bottom then blast off?Expect XMR to hit resistance at the bottom of the daily ichi cloud. Touch down again around 18k sats, possible accumulation, then blast off.
This depends on btc remaining steady (as does every alt prediction).
MONEROFalling wedge - reversal pattern. Already break out resistance line of this wedge. Looking for next fibonacci levels. Just TA
XMR: Breakout Alert vs. USD and BTC!XMR, the top anonymity coin has sustained a breakout from its downward channel with USD and BTC.
We target a 50% fibonacci retracement from its end of April high. Use small leverage and capital. BTC is hovering along the edge zone of a downward channel, and a small movement in BTC could impact the price of XMR substantially.
Buy: 120-125
Target 1: 135 (11.25%/8%)
Target 2: 156 (30%/24.8%)
Target 3: 178 (48%/42.4%)
Target 4: 205 (70.8%/64%)
Stoploss: 105 (-12.5%/-16%)
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0181 to 0.0170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0181)
Ending of entry zone (0.0170)
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 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= @ 0.0200
TP2= @ 0.0211
TP3= @ 0.0224
TP4= @ 0.0232
TP5= @ 0.0249
TP6= @ 0.0262
TP7= @ 0.0273
TP8= @ 0.0304
TP9= @ 0.0320
TP10= Free
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0181 to 0.0170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0181)
Ending of entry zone (0.0170)
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 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= @ 0.0200
TP2= @ 0.0211
TP3= @ 0.0224
TP4= @ 0.0232
TP5= @ 0.0249
TP6= @ 0.0262
TP7= @ 0.0273
TP8= @ 0.0304
TP9= @ 0.0320
TP10= Free
$XMR MONERO coming down for a landing then QUICK BULL RUN!I've been predicting this formation for a while (see related post called "Hold off on Monero. It's a long way down"). Last week we saw a major dip (albeit momentary) that proved to be a sign of things to come. We're now headed in a relatively clean arc downward to touch the support line that's been consistent for the last year. Keep in mind, I LOVE Monero. Fantastic fundamentals and I do think it is presently undervalued - it's just that the market doesn't necessarily realize that yet and so I'm waiting to buy it when it's cheaper.
BUY-IN: .0125-.0130 BTC
The reason being, after buying in (notice the GREEN ARROWS), there always seems to be a sudden ROCKET MOON SHOT up. Great for quick gains.
I'll continue to follow $XMR and $XMRBTC and I'll continue to update this post, so follow me for the updates.
MONERO: HUOBI LISTING & NANO LEDGER SUPPORT - PROFIT = 15.63%!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of June 2018 .
Using this buy in point and selling at today's peak price as identified by our N EW "Crypto Peak" Trade Indicator , you would have expected to net 15.63% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
(NEW) June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.
(NEW) June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.
(NEW) June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the Nano Ledger (cold storage cryptocurrency wallet).
(NEW) June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.
(NEW) June 7: Huobi lists Monero.
(NEW) June 22: Edge Wallet adds support for Monero.
It is believed that a surge in volume is driven by Ontology's the developments listed above and broader recovery in the crypto markets.
***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)***
Monero heading towards key support zone Monero has been retracing for a couple of weeks now. The coin has created two lower highs near the top of the daily chart and it has since continued to retrace. The push lower was has been accelerated after the Monero broke the horizontal support at 0.02300. The break prompted the coin to advance its losses as we currently trade around 0.01850.
Technical picture is quite clear and it points towards lower levels i.e. 0.01600 which is 78.6% retracement, and more importantly zone between 0.01300 and 0.01400 which represents a confluence of a trend line, horizontal support line and 88.6% Fibonacci zone. A bounce from this zone is to be expected. A stop loss can be placed below previous swing lows around 0.01100 while profits should me taken in the 0.020-0.022 zone - previous support and now resistance.
Entry: 0.01350
SL: 0.01050
TP1: 0.02000
TP2: 0.02250
A trading opportunity to buy in Monero ...Technical analysis:
. MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0210 to 0.0200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0210)
Ending of entry zone (0.0200)
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0224
TP2= @ 0.0232
TP3= @ 0.0249
TP4= @ 0.0262
TP5= @ 0.0273
TP6= @ 0.0304
TP7= @ 0.0320
TP8= @ 0.0356
TP9= Free
A trading opportunity to buy in Monero ...Technical analysis:
. MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0210 to 0.0200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0210)
Ending of entry zone (0.0200)
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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0224
TP2= @ 0.0232
TP3= @ 0.0249
TP4= @ 0.0262
TP5= @ 0.0273
TP6= @ 0.0304
TP7= @ 0.0320
TP8= @ 0.0356
TP9= Free
MONERO TO $1,464 - PRICE PREDICTIONS FOR 2018 - CryptoManiac101Monero is a great privacy coin with around 2X - 10X possibility this year
We are leaning more towards 8X - 10X however due to numerous privacy coins entering larger market, we might see slower price growth
In all this is a great investment for long term
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
MONERO PREDICTION $700 by July 4th With the price of XMR on the bottom of the channel and moving into an uptrend channel this week with a MACD bullish crossing I thought it would be a good time to give my sense for the coming months in XMR.
Our prediction is $700USD / XMR by July this year
1) Monero has placed itself in a class of its own becoming ASIC resistant. Investors currently seeking to diversify their holdings will place some holdings in this newly defined class to hedge against systemic failures in the world of ASIC coins such as the ANTBLEED BUG found earlier this year.
2) Trezor has announced that XMR will be included in the wallet in upcoming updates. Many investors have been intimidated by Monero and will get in once support is added to their favorite hardware wallet.
3) Tari will become the ETH killer built on Monero something that will draw enormous capital flow without tying up the network with bloat that is currently affecting ETH by employing use of sidechains. I expect to see huge jumps in XMR as the go to solution for ICOs, tickets, equity crowd funding and most of the unregulated securities we see today will trasfer over to these more secure private alternatives to protect themselves against unwarranted strict regulations in some areas of the world.
4) Bulletproofs will make the Monero block chain much more manageable in size by reducing blockchain bloat making scaling less of an issue
#Monero intraday setup #XMRBTC #cryptoIn the last 3-4 days monero has been dropping significantly without much retracements
We are seeing Divergences in RSI and MACD & last 1H candle was a dragonfly candle.
Intraday setup for monero:
Open: 0.02297
SL- 0.02293, Risk- 0.47%
Target1: 0.0234
Target2:0.0236
R:R=4.31
$XMR BUY ZONE IS COMING SOONHello Lads and Ladies,
Monero is since the beginning of the year in a channel between 0.024 and 0.030750. Looking back we see that as soon as XMR breaks the 0.024 support it bounces back up to 0.031 after a short move sideways pretty soon. As we are looking at the chart right now, XMR has just hit the crucial support line and either makes now the sideway move, or breaks down to the 61.8% fibs line at 0.021 from where it would bounce back up pretty fast. Therefore the BUY ZONE is allocated between the 50% fibs and 61.8% fibs lines. Since Bollinger Bands were just crossed at their top, there is a good chance we see it coming down to 61.8% fibs.
Short term, look for buying opportunities under 0.022
Long term, chill and sell a good chunk at 0.030
If you are already in, you can gamble with 25%-50% that it goes down to 0.021 and re-buy at the buy zone.
As a JOKE we are testing the rocket formation theory.
Cheers, Tomas
MONERO/BTC (XMR) An Ugly Trend-less Market until?MONERO/BTC (XMR token/BITCOIN) 720 minute/12 hour semi log scale, candlestick wicks removed.
5/19/18, 9:20 PM EST, by Michael Mansfield.
Hi trader friends! Monero, a privacy token/digital currency, is looking trendless and quite ugly! But let's give this a shot anyway since we've had a request
for an opion.
90 DAY OUTLOOK: Sorry, more uglines. ;-)
Seriously, without a trend, the outlook is likely flat to a "bit" higher until three of the shown cycles peak then head down after either June 2-3, June 7, or June 13th. To make it simple, more weakness is likely after early June. Then, we are likely to see lower prices until either July 13-15th, July 23, or possibly August 12, 2018 as the longer cycles bottom and turn up on those dates. I would expect a trend to develop one way or the other in July or August (perhaps up) and continue into October or longer.
If we get an acceleration up or down after the cycle turning point dates above, then we may finally be out of this larger flat pattern
CYCLES: MIXED
There are four shown cycle sine waves shown and two vertical cycle lines separate from the sine wave cycles.
Until we get more data, it is unclear what the larger trend cycle up or down is. For now it is a trendless market.
TRADER TIPS:
Balance Point Line (BPL) is the horizontal dashed medium blue line. It basically splits the observed price history in half, but
without the candlestick wicks this time. Note how the price resists or finds support around the BPL.
VOLUME: WEAK
Volume keeps drying up contributing to the endless trend-less sideways move. Watch out after the June cycle tops...
BOTTOM LINE:
Look for breaks below the Balance Point line (more likely), or possibly above the 38% retracement line (orange, less likely) that is also highlighted in black horizontal line around where the prices are now and until a cycle breakout time-frames, then possibly up. I am not a fan of this coin at this time. Let's see what the market says over the next 90 days.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
A good opportunity to buy in Monero, let's hunt it togetherTechnical analysis:
. MONERO/BITCOIN is in a Range Bound and 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 (0.0235 to 0.0224). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0235)
. Ending of entry zone (0.0224)
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 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= @ 0.0250
TP2= @ 0.0260
TP3= @ 0.0273
TP4= @ 0.0304
TP5= @ 0.0320
TP6= @ 0.0356
TP7= Free
A good opportunity to buy in Monero, let's hunt it togetherTechnical analysis:
. MONERO/BITCOIN is in a Range Bound and 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 (0.0235 to 0.0224). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0235)
. Ending of entry zone (0.0224)
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 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= @ 0.0250
TP2= @ 0.0260
TP3= @ 0.0273
TP4= @ 0.0304
TP5= @ 0.0320
TP6= @ 0.0356
TP7= Free
Watching for XMR bottomBullish divergence starting to hint at possible bottom for XMR. Wait for breakout of falling wedge and MACD flip to positive for confirmation of reversal.
