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Xmr

Bitcoin has bearish monthly MACD and formationsThe monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is a complicated way of saying that, in this case, price was going up and now it is going sideways. Pattern traders, obviously, look for patterns. Continuation, consolidation, or reversal on price action or indicator signals and historic responses to price action. Bitcoin price action around the monthly MACD cross has been that of massive reversal, not continued consolidation or reversal. Even the most bullish of dump that we saw during the C19 dump of 2020 had a move of some 50% in one day. That is rough if you are a forced seller. The years of 2014 to 2015 saw a massive ABC correction that lead to the MACD crossing both the signal and zero line. 2018 had a beautiful ascending triangle. 2019 into 2020 was residual consolidation from the 2017 blow off top. All of these MACD crosses lead to loses of over 70%. When the MACD is viewed on a normal setting and zoomed in to more recent price action we can see that the MACD cross appears inevitable. It appeared inevitable in 2019 as well but there was some chop in the price action so the histogram flickered red, green, light green and red again. I don’t think that will happen in for the next move. The price action is to clearly within a head and shoulders on the right side of this double top for me to do anything other than take shorts or look to buy the dip. In other words, I see monthly weakness on the MACD and large scale chart formations so when I see any signs of weekly strength I will be looking for daily bearish patterns to put some margin shorts on. My Trades In a bear market the alts are going to move faster than bitcoin so if something looks bearish on TOKEN/USD, TOKEN/BTC, TOKEN/ETH and I have chart patterns on each I will fell confident taking a short on that. Right now I have a short on XMRUSD with a profitable stop. XMRUSD looks like it is in a massive double top and it MACD cross already happened. It took 10 months for XMR to go from $10.71 to $516 so it can just a easily go back down in the same amount of time, or quicker, given the fact that the downside to a double top is usually a bit quicker than the upside. If, for some reason it stops at a mere $50 or $25 in that time my entry is still around $210. I also have my eye on link for a short. Below is the HA chart, I hope to see it get a little closer to the triangle resistance and then see the HA candles get tight, turn red, and then I’ll look for a more precise entry. If the triangle breaks upward I short from higher up. I am not going to be taking leveraged longs unless I see a real long term chart pattern and I don’t expect crazy gains to the upside until we get past whatever resistance line we end up setting. The ABC correction resistance line is a key example of what I am talking about. Lots of sideways chop after the target was reached before price action broke out of the resistance line and retested it as resistance.
BNC:BLXShort
by This_Guhy
9
XMR/BTC following the fibs. Also macro bullishI expect XMR/BTC to touch the 0.618 fib at 0.004678btc within a couple of hours from now before bouncing and making a new high in a couple of days max. On the macro scale (the 1w) we can see that the resistance of 2015/2016 has flipped to support in 2021. We also have a huge double bottom that formed during the year 2021 and now a strong bounce. On the daily we can see that it has tested the 200d MA and rejected it. A retrace was to be expected here, but follow this fib and buy pretty much anything under 0.0048btc. First real target is at $315, after that it gets crazy and the sky is the limit. However insane it sounds, we could even see XMR at 0.05btc within a year, which would bring it over $4000 if Bitcoin is above $80k by that time.
XLong
by jariii
1
XMR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. XMR is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: XMR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, XMR would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
XLong
by TheSignalyst
7
Monero/Bitcoin, is this accumulation?I'm an absolute noob, so no idea what I'm doing but wanted to play with the wyckoff schematic. From the tutorials: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. Again, no idea, I was just looking at the schematic and it reminded me of xmr/btc a bit.
X
by TraderT33
1
XHVUSDT, a KuCoin GEM that is on its way to HAVEN! Fellow TradingViewers, Vegans & Haven CHADS. As you can see on my last idea, AVAX quadrupled, things have changed over time. But HERE I am with a new idea, XHV aka Haven Protocol is really on its way to Haven (ikr, it's heaven). As you can see, we are on a very critical point, we have double support, FIB's looking good. Very high chance that we are going up if BTC doesn't make any stupid moves. Between 6.00 and 6.20 is a very good buy. Last but not least, I will end this idea with a very important quote; “The problem is that humans have victimized animals to such a degree that they are not even considered victims. They are not even considered at all. They are commodities like TV sets and cell phones. We have actually turned animals into inanimate objects – sandwiches and shoes.” Gary Yourofsky Peace be upon you.
XLong
by FurkanE