XMR/BTC TA Update (retest swing low?)XMR/BTC
XMR is almost back to the mean or previous support where we had a strong rally up to 9000 sats area.
XMR is currently formulating a potential bullish reversal pattern as the price approaches near the strong level of buy zone.
The market is still uncertain about the future so if any bad news will appear online,
XMR could still drop another 10% to resting swing low at 6000 sats area.
I'm still not interested to enter the market as of now, but I'm already looking at low-risk high reward altcoins today.
XMRBTC trade ideas
XMRBTC Buy SignalPattern: Head and Shoulders on 1D.
Signal: Bullish as the price hit the 0.006150 Support and should rebound to form the Right Shoulder.
Target: 0.0075 (right below the Neckline).
XMR ANALYSIS: BEARS IN CONTROLXMRBTC ANALYSIS:
XMR has broken below the major moving averages and faces a small triangle. Typical triangles, such as the ones in this chart, can easily swing either way. Therefore, its best to wait for further confirmation. In this case, there is new resistance band at 200MA in the red box near 7100 sats. Its possible to see a quick wick up the resistance, where it is then rejected back down to support. Look to stagger short bids up to short term resistance block. The key profit points are T1 at 6860 sats, T2 at 6660 sats, and T3 at 6420 sats. There shows a heavy line of support and buyers near the support and I expect this to hold well. Signal is invalidated if XMR pumps above short term resistance.
Possible Short Entries: 6950-7150 sats
$XMR : Looking for area$XMR is on a 27 % pullback and coming on our first area of interest with support + 0.786 Fib
However on macro, Daily MA 200 is breaking down. FOr the moment, $XMR is on our watchlist to see how the coin react.
Not Financial Advice
XMRBTC - > strong WXY correctionXMR was far one of the coins that most suffered during this correction. It stopped at 78.6% Fibonacci level. Good news is that it is ready to grow again against BTC pair. Long
$XMR, Retesting ~746k sats support level on the way down$XMR
Retesting ~746k sats support level on the way down from ~0.01 sats in a potential Falling Wedge formation...
Will keep tracking this asset to see when it breaks up the descending trendline..
If fails to hodl here, then next target at ~686k (7%) (Death Cross on 1D)
#XMR
XMRBTC Daily tradeXMR pulled back to the 61.8, strong support zone.
Early exits once in profit if signs of major reversal.Eg Morning star pattern on previous high.
XMR BTC #XMRBTC (Short Term)
Buy: 0.00762600 - 0.00724470
Target 1: 0.00785478
Target 2: 0.00815982
Target 3: 0.00876990
Target 4: 0.00991380
Target 5: 0.01143900
Stoploss: 0.00706358
Invest: 3%
Risk/Reward: 5% / 54%
MONERO retrace to the 200 SMA before next leg up.I think XMR takes a trip down to test the 200 at around 7300 sats which also has strong support. Still bullish on this but think we go lower for now.
XMR - Monero Breaking Out of Falling WedgeMonero looks like a good buy here. The price action is bouncing off support, and it has broken out of its falling wedge to the upside. With good bullish divergence on the 4H time frame, I like this buy.
XMR/BTC - hours before blast off ?XMR/BTC formed falling wedge + we are at very strong support + I track 5th wave up == perfect long setup. You can probably start longing right now, but I will be more careful and I will go long, after we got this break of falling wedge. I have my stop-limit LONG order set at 7910 satoshi.
XMRBTC formed bullish BAT | A good long opportunityOn short term 3 hour chart the Monero (XMR) with Bitcoin pair has formed a bullish BAT pattern and just hit the spike in potential reversal zone but there are chances that the XMR will give another change to catch it from the potential reversal zone of this pattern so we can wait and buy.
The Formation Of Harmonic Pattern:
Let’s take a look in to pattern’s dimensions to see how perfect this pattern is formed by the Monero.
After completing the initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time from this area.
Buying Method Using MACD And Stochastic For Secure Entry In Trade:
At this time on 3 hour chart the moving average convergence divergence (MACD) has turned weak bullish from strong bullish and Stochastic has given bear cross therefore we can wait for the price action to enter in buying zone again and then wait for MACD to turn strong bullish again and stochastic give bull cross then place our buying orders this way can be secure for buying.
The Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.008265 to 0.008198 sats
Sell between: 0.008428 to 0.008673 sats
Stop Loss:
The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level
$XMRBTCBITFINEX:XMRBTCSHORTS
So far making big englufing bar on daily. If stays like this in next 8 hours cup and handle (or even inverted head and shoulders patter) will be in place.
Target for move higher as per chart.
XMR BTC LONGSupport needs to show it's holding before I enter. Always the same drill: HH on ltf first, then moon on htf.
Duriano.
$XMR, Sitting at ~8500 sats support level w/ UCTS Buy signals$XMR
Sitting at ~8500 sats support level w/ UCTS Buy signals across every HTF(1D+)
Golden cross (EMA50/200) about to happen..
Showing signs of hodling at LTF (accumulation at support) should allow for a retest of ~9400sats(~10%)
Tight SL just in case BTC decides to ruin it
#XMR
XMR/BTC - 8th months accumulation - uptrend beginning ?When price doesn´t move for a 8 months, after a long downtrend, I think it´s very bullish sign and sign of huge accumulation. I think, we will see finishing 5 wave structure, because on lower time frames, there is nice triangle, which should break downside, towards 7683 satoshi, and then we should see that final 5th wave. But generally, next several weeks or even months should be very bad for altcoins, but Monero isn´t really too much correlated to bitcoin, so it should be fine.
