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XMRBTC trade ideas

XMRBTC: The Correction Is Finally Over The Correction Is Finally Over (or almost over ). 95% correction could be the perfect place for a trend reversal. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2
Monero undervalued against ETH and BTC: Accumulation time?Out of all the crypto currencies out there few things have a better use case than XMR. Unless you are some sort of bank robber all the fiat you spend is anonymous because you are not important enough to track serial numbers on. The $50 you got for a gift either in cash or a giftcard isn't tracked in some immutable ledger like bitcoin, it doesn't show up in you bank account, and you don't have to have people wondering why you bought certain things. Why did this guy buy rope all of a sudden? Why is he buying silver and gold? She bought cough syrup, is she really sick? This anonymous value is inherent in paper money and the same value keeps XMR hovering around the 15th position on coinmarketcap as other coins of the moment have meteoric rises to the top 10 and then peter out. Any piece of garbage can go to zero and the bollinger bands would be meaningless. But with something with a real world use case like Monero when something is out of the month or weekly bollinger band it it time to either accumulate or watch for the recovery if you want to be a value investor. This whole thing looks like a set up to a Wycoffian accumulation. So far we have a potential selling climax as well as an automatic reaction. From here value investors would be looking to slowly accumulate as to not pump the price too much and they will be buying the lower part of this formation. The chart below is the great dump bitcoin had in 2018. Price went below the weekly bollinger band and had a selling climax and automatic reaction( I haven't labeled every wycoffian event). One thing to notice is we didn't have a spring (or W pattern) on this time frame. On this chart there was one secondary test and that was it. Monero might have several secondary tests of the trading range and might even have a terminal shakeout. If you don't know what that means go here:https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method or run the risk of staying poor. Based on this I am looking to be a composite man. I will buy XMR when I see it against any of the bollinger bands on the chart below; Either ETH, BTC, or USD. Since I see eth beating btc over the course of the bull run I will use the ETH and USD charts more than I use the XMRBTC charts. There may or may not be a terminal shake out, I will just have to stick to the plan and accumulate. If history is any indicator when accumulation is done Monero will pump with a fury against both BTC and USD. The chart below shows the accumulation and when it broke resistance there was a massive one day gain in Monero. This chart also shows that Monero is testing previous resistance as support for XMRBTC. Last time it took a year for accumulation to occur for XMRBTC. This isn't a post for traders, this is a post for investors and people with the discipline to act like the composite man.
Long
by This_Guhy
2
Monero ChartMonero is creating a clear and stable structure with many bullish signs. The panic drop from the delisting news is almost fully recovered from. Monero fans will not give a damn about this because the fundamentals are the same. You can still make anonymous transactions no matter what exchange it's traded on. In its current structure, it is consistently finding higher highs and higher lows. High buying volume has occurred at supports and on excitement candles. Higher sell volume has either been recovered from or not moved the price significantly. In a recent break below a minor trend line, it still managed to form a higher low, and ist still trading above the next major downtrend line. The higher highs and higher lows indicate an uptrend, and since it it finding support at the 0.236 it means the sellers are letting up. If the buyers can take full control past the current resistances, we can expect a sustained move upward.
X
by StayHydrated1
XMRBTC now or never?The last weeks look like a symphony of destruction, but if anyone wants to buy XMR with BTC I think this is the place. 6 year ATL to ATH cycle back into the golden pocket, 2015/16 ATH and (as of yet) on top of a 1000 days long trendline. 3D RSI is at absolute record rock bottom, weekly not yet but do we REALLY have to get there? Come on bears lol. Might still do some nasty death wicks though...or just break through and die. Who knows, the bears have been very aggressive. But I think in hindsight this area will look like an obvious buy.
Long
by thisisfine
1
XMR/ BTC SymmetryA very volatile market, one day you have BTC engulfing the market with dominance raising fastly, another day you have alts catching up while BTC is also raising. This parabolic, now vertical BTC rally would most likely end is tears when it corrects. Looking at the altcoins, I couldn't help but notice this XMR symmetry. Currently sitting at support from a long time before. An ABC deadly correction. If we take the impulse before the correction, it ends at a previous high zone. I would enter a position here in XMR even though privacy coins are under scrutiny.
Long
by badbeatnuts