S & R - XMRBTC - 4 Hour - Short?After drawing up my S & R's, I noticed that my 4 hour support could be placed higher. As I placed it higher, I could see a bearish triangle and had placed a downwards trend line to wear the support would be. Depending on where the next set of candles would be, would determine if it would be a good short entry point or the direction of the market would be ranging.
Note - Please don't follow my TA. This is for learning purposes :)
XMRBTC trade ideas
XMRBTC tecnicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 XMRBTC technicaly based idea, we can see price is bounce from FIBO 0.6 which is in many cases strong support, candels formation good bearish, exepcting hihger bearish market continuation possible till last trend line will update with time.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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$XMR, Expecting some retrace here as Sell signal appeared...$XMR
Expecting some retrace here as Sell signal appeared on the 12H as rejection of the 796k sats level..
Ascending wedge may be breaking down aswell..
OBV bearish divergence on the daily aswell
Expecting a retest of ~746k sats as 1st target
#XMR
MONERO Inverse Cup and HandleMonero
Bullish continuation pattern
Looks like Mickey D's M doesn't it?
Seems to be breaking down..
XMRBTC 4hr Binance - Breakout soon? SOS TA Friday April 10 2020XMRBTC 4hr Binance - consolidation breakout setup
- Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend.
- At the moment price is ranging between the 4hr support and resistance as it approaches the current trend.
I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680
or alternatively a breakdown from 0.007889 targeting 0.007272.
Current momentum is up so in my opinion the long will be the safer setup. However, if price approaches the 4hr resistance and gets an obvious rejection,
it could present a good short opportunity if we can then break support as the 4hr resistance is close to the 61.8 Fibonacci retracement level.
Therefore I will be waiting for an obvious break of a level as confirmation for this trade.
Time frame: This trade could take 4 days to a week to play out once we get a break.
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MoneroStock Symbol: XMRBTC
Opportunity for long bull cycle on the monthly. Tight compression after huge amounts of downfall. Like I said previous on monero I'd be adding to this position.weekly is showing crossover to the upside. Let's walk with it. True privacy coins hold the most value. Monero is one of my top 5.
Diversify and use 5% stoploss
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xmr - bottom formation on weekly chartthis candlestick pattern appears all over crypto as a common bottom formation.
XMRBTCProbability of profit in the short term
personal opinion
Buy and sell with more research
If you buy, stick to stopping the loss
XMR/BTC - Bullish formation on 1M-Higher low on monthly.
-Bullish div / higher low on monthly.
-1st target 200ma on 1W ~ 0.0145.
-Possible retest with bull div again and breakout.
-Very strong fundamentals , end of regular mining period 18.4 million by May 2022.
-No asic mining.
-Keep an eye on this one.
XMR/BTC - divergence indicator...from the upper edge of the rebound from height channel .
Divergence on the AO indicator.
target movement testing the middle of the channel boundary.
Friends, thanks for your likes and comments!
Good luck with trading!
XMR/BTC (Bull break?: up to 30% profit)XMR/BTC
XMR broke both 100MA & 200MA on the daily chart including the trendline resistance a few days ago.
The priority now is going up to challenge the swing high at 9500 sats area.
Stop-loss is placed under the 200MA.
XMRBTC Triple Bottom| Down Trend Broken| Support ConfluenceEvening Traders,
Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance.
Points to consider,
- Daily trend change ( Triple bottom)
- Local support confluences
- Structural resistance respected
- RSI testing support
- Stochastics in upper regions
- Declining volume nodes
XMR has put in a probable triple bottom after breaking a strong lower high structure; the bottoming formation will ONLY be confirmed with consecutive higher lows above structural resistance.
The structural resistance has been respected multiple times; XMR is likely to trade within the range between support and resistance. Local support has viable confluences indicating a true trade location. The .386 Fibonacci needs to hold true to establish a higher low on the daily. Local support and the 21 EMA being in confluence put a strong emphasis on the level being a strong support zone.
The RSI is testing support, currently quite neutral whilst the stochastics trades in the upper regions. It can stay trading here for a while, however does have stored momentum to the downside.
The volume nodes are below average; this again indicates that XMR is likely to trade within the support and resistance region before an impulsive move.
Overall, in my opinion, XMR needs to break structural resistance in order to establish consecutive higher lows. This will confirm the daily trend change and the bottoming formation. Currently is may stay trading within this range for a while as volume continues to decline.
What are your thoughts?
Please leave a like and comment,
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
Monero Still a beautiful fresh breathe of air when you hear about monero. This coin is super undervalued. Probably one of my top favs. Obviously I'm here for privacy coins. Looks good chart wise. Clear sideways range with bounces off support. Looking good, keep it up
xmr/btc - mirror level, stop loss, hide behind it. mirror level, stop loss, hide behind it.
the power to mirror is not enough.
We need a refill in the liquidity zone.
successful deal
XMRBTC daily: accumulation 100%/200% gains (NEW)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
XMRBTC daily: accumulation 100%/200% gains (NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
XMRBTC looks like we are under heavy accumulation on
daily price chart. This is a slow process and more time
is required, however what I see on the chart looks good
to me. I'd say 4-12 more weeks of accum and then get
ready for solid pumps in Q3 2020.
This is a setup for buy/hold traders, do not expect
miracle/overnight casino gains from this setup.
just put it on your watch list and as long as
the bottom holds ground over 4-8 weeks be ready
to load it up later in Q3 2020.
good luck traders!
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$XMR, Showing a good sign of increasing volume...$XMR
Showing a good sign of increasing volume today as it recovers ~746k sats level..
UCTS Buy signals on every LTF (12H & lower)
Looking for a potential flip back to support of this level as potential continuation
~850k as target (~15%)
#XMR
