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RUNE / Bitcoin

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RUNEBTC trade ideas

RUNE looking amazing relative to bitcoinThis chart represents RUNE/BTC (thorchain dominance over bitcoin)a nd has been in this channel for quite a long time. Every time we touch support we have a massive run to the upside, and every time we touch resistance, we tank. You can see the RSI being a useful indicator here as it signaled the bottom for the previous two, recent major pumps. Current levels are around the same and we are just touching support on the channel. You guys think we will continue the trend and run upwards and potentially even breaking out of it as there is mainnet news this month? Or will we break down.
Long
by Neutralish
RUNE to outpace BTC by 6xLooking at RUNE/BTC on the daily we can see that since launch, RUNE has been steadily outpacing BTC through several upswings followed by minor correction and accumulation phases. These accumulation phases have lasted between ~100 and 150 days, the last three of which had RSI similar values before the next euphoric upswing. Today, RUNE sits at a similar RSI value and is around 140 days into its current accumulation phase and the MACD is turning bullish. RUNE is poised to explode! Judging by its fairly consistent previous rallies, this baby can do an 6x multiplier against BTC in the next months!
Long
by odyszeus
RUNE/BTC { THORCHAIN } - BULLISH SETUPANALYSIS 🔎 - This is an update of my previous analysis on the inverse head and shoulders pattern formation in RUNE/BTC. - RUNE/BTC is printing an ascending triangle pattern at the right side of the inverse head and shoulders pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00021499) - Limit entry: test of the ascending triangle's inclined support. TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
HUGE CUP&HANDLE JUST BEFORE LAUNCH BINANCE:RUNEBTC Coffee time! Hi guys! I don't have enough time to share some ideas. Just see another cup&handle (C&H) as we had LUNA recently, On the picture you can see huge C&HELLO already nicely formed and ready to launch to get you some $$$. Volume is rising and we are for the 3d time trying to get through strong mirror level which is right on 0.382 fib. Wait for breakout of pattern I will wait for 4h green dot on Market Cipher/Vumanchu. Then Look on short time frame how it reacts on the top of the C&H pattern. Target is sitting right on the 0.61fib extention from the whole move of RUNEBTC pair where is also spike on volume (VPVR indi). First stop should be around 0,5 fib extention where is big spike on volume also. If you find this useful then give like to this post and comment. Thanks! Good luck! M This is not any financial advise, always check the market before entering any position.
Long
by Muzaaa
RUNE/BTC { THORCHAIN } - BULLISH SETUPANALYSIS 🔎 - RUNE/BTC is printing the inversed head and shoulders pattern. - The inverse head and shoulders pattern is a bullish reversal pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the inverse head and shoulders neckline resistance (@0.00022119). - Limit entry: Retest of the right shoulder's horizontal support level . TARGETS 🎯 - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the right shoulder's horizontal suppor level (@0.00014537).
Long
by Chibuike_Odoh