XMRBTC trade ideas
XMRBTC hitting the support of wedge | A good buying opportunityPriceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support.
Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit.
But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy.
Volume profile of complete wedge is showing less interest of traders below the wedge's support.
I have defined targets using Fibonacci sequence:
Sell between: 0.00721235 to 0.00772725
Regards,
Atif Akbar (moon333)
Monero Gann AnalysisHere we have Monero or XMR over on the Binance exchange. This chart utilizes Gann in a somewhat unique configuration.
LONG XMRBTCGood trade set up for a couple day trade for those that are busy with work.
God Speed,
Mr. Manbearpig
SHORT XMRLook pretty good risk to reward ratio and percentage gains wise. So far its the best short for the Dom bounce coming soon.
God Speed,
Mr. Manbearpig.
BITCOIN - Price Action & Trading Strategy With Alts & Bitcoin.NOT MONERO... THIS IS DISCUSSION OF MULTIPLE COINS.
Unfortunately, I had Monero chart on the far right clicked instead of Bitcoin. Which caused the TradingView platform to label this a Monero publication. This is NOT a Monero publication. This is a discussion on trading strategy for Bitcoin AND Altcoins; but mainly Altcoins that are traded in both USD -AND- Bitcoin.
First off, please feel free to share your thoughts on what you've heard and seen in this video. There may be something I haven't considered or did consider but forgot to elaborate on it due to time constraints. Many on YouTube, TradingView Cryptocurrency Chat Room, Twitter, etc... are saying, "Alt season is about to begin." HOWEVER, it may not begin the way some are thinking. Many may grow impatient as they see BItcoin/USD going up in USD value while their Altcoin is remaining flat in USD value and their Altcoin is also going DOWN in Bitcoin value. Many may get liquidated while trading Altcoin/Bitcoin pairs with leverage; because they assume their Altcoin/Bitcoin pair is going to go up. It simply may not go up at the particular time they want it to go up.
Keep in mind... The ONLY Altcoins I'm referring to in this publication are those which are traded in BOTH USD -AND- Bitcoin. I'm NOT referring to Altcoins that are traded ONLY in Bitcoin.
#1 - Expecting Altcoin/USD pairs to fall WITH Bitcoin/USD over the next several days. Don't be alarmed... Anticipate higher lows for Altcoin/USD pairs.
#2 - Expecting Altcoin/USD pairs and Bitcoin/USD to come up together near CURRENT price level at a very similar percentage.
#3 - Once Altcoin/USD pairs and Bitcoin/USD all get back to similar price levels to where we have just fallen from, we can anticipate Altcoin/USD pairs to remain flat (sideways)
While Bitcoin/USD begins going up.
#4 - Altcoin/BTC pairs will begin falling as Bitcoin/USD goes up and Altcoin/USD pairs remain flat. This is where I would want you to sell 20 to 30 percent of your Altcoin(s) for
Bitcoin along with the whales. At this point your Bitcoin you obtained by selling some of your Altcoin for those Bitcoins SHOULD be going up in USD value WHILE your Altcoin(s)
are remaining flat in USD value.
#5 - You were still holding on to 70 to 80 percent of your Altcoins you bought at a nice low price while selling the other 20 to 30 percent for Bitcoin by simply trading your Altcoin
for Bitcoin just before the Altcoin/Bitcoin pair(s) begin to drop in BTC value.
#6 - Once Bitcoin reaches $11,700, we should begin to have a close look at the indicators to see WHEN Bitcoin/USD will have a correction after hitting resistance. That resistance
may be around $13,800. Once Bitcoin/USD encounters heavy resistance to have a shakeout before continuing up to test All Time High by year end, we may want to consider
using that Bitcoin to buy back Altcoins at a lower BTC price on the Altcoin/Bitcoin pair(s). This way, you will have accumulated more Altcoin(s).
#7 - Once you bought back your Altcoin(s) with your Bitcoins at a lower BTC price, you will have accumulated more Altcoin(s) -AND- THAT is when the Altcoin is likely to go up
in both USD value -AND- BTC value. It may go up MORE in BTC value (percentage wise) than it does in USD value at that point.
#8 - Bitcoin/USD will eventually complete it's correction AFTER the Altcoin/USD pairs have legged up to a new higher trading range after a rather long period of sideways price action.
Which means Bitcoin/USD will resume going up to test All Time High after that correction that may begin at $13,800.
#9 - Anticipate Altcoin/USD pairs to a little more than double their lows in a similar fashion as Bitcoin/USD. This puts Bitcoin/USD testing All Time High by year end. However, this
does NOT put Altcoin/USD pairs testing their All Time High by year end. Altcoin/USD pairs will not test their All Time High until later in 2020. Possibly the June of 2020.
10 - Be prepared to sell some Altcoin(s) and/or Bitcoin at or near their high near year end of 2019 to setup buying back in at a lower price in early 2020. However, PLEASE consider
keeping a significant amount (At least 50%) of your coins OFF exchange in cold storage during this time while using the remainder to make the previously mentioned trades.
Please feel free to comment, like and subscribe (follow).
Stay Awesome!
David
The monero bear market is over + extensive analysisWelcome to the rise of privacy, decentralized exchange, and the slow death of KYC/AML. We are seeing centralized exchanges (banks?) require more and more information from their customers, and some are even waiting for (already verified) customers to deposit funds in order to then hold their money hostage in exchange for even more information! I have heard this dubbed “ninja kyc-ing” ...tbh that would be the polite term. Another way to think about it is soft civil asset forfeiture (one of bitcoin’s biggest use cases is avoiding this!). I’m not saying these exchanges are insolvent and/or running fractional reserve systems, but they are indeed wearing the uniforms of such loll. Over the years we have seen many exchanges use such tactics before they went bust.
Further, it used to be that we had popular alt coin exchanges which would allow unverified customers to withdraw up to 100 bitcoin, now of course fiat prices have increased dramatically, but nonetheless these centralized exchanges (for the most part) no longer even allow unverified customers. Yes yes they may be getting pressure from regulators, but nonetheless, that’s not the customers problem. The reality is...even some of the biggest most reputable exchanges have been hacked for their KYC/AML info...as a law abiding customer--in providing your info--you are taking a huge privacy, and in turn, security risk. Even if you want to ridiculously argue FOR more regulation--technology always moves 1000x faster than regulation. I could do a whole separate post entirely on the hypocracy of such an argument, as well as all the racket involved in banker protection laws/the accredited investor protection laws of 1933/1934, etc, but that’s neither here nor there. Just because they slap a nice label on them, pragmatically they do not do what they purport to, they simply create regulatory capture, more subtle forms of bribery. But I digress : )
As previously suggested in prior published charts, I believe we are the start of a new alt coin market cycle. As much as many bitcoin maximalists would like to pretend it’s not true, *one of bitcoins primary use cases (at least for intermediate term) is speculating on alt coins. I believe we are going to see a mad rush to get involved in this, with not many outlets to do so (at least for retail), thus why volume will shift to quasi (and eventually fully) decentralized exchanges. Due to restrictions on popular centralized alt coin exchanges, new prospective demand will be forced to first buy bitcoin on one of the few major exchanges (which have restrictions of their own) to then send to decentralized exchanges. Of course there will be arbitrage and trading opportunities for those who do have accounts on popular centralized alt coin exchanges but nonetheless, you get the point, all of this makes for a deadly combination.
After decentralized exchange mechanisms start to eat the lunch of centralized exchanges, one could imagine, centralized exchanges (in an effort to compete) will be incentivised to implement much more transparent protocols which give users control of their own keys, the ability to audit the exchange itself using cryptographic proofs, and most importantly the freedom to deposit/withdraw as much funds as their heart desires. The value you they will add will on customer support, more polished UI’s, matching engines/orderbooks, etc.
Lastly, on a different note, in crypto there’s a fundamental tradeoff between immutability of monetary policy vs privacy at the base layer. And it is just that, a trade off each having their own benefit. Bitcoin is king and likely always will be but nonetheless that doesn’t mean the market will not value the other side of this tradeoff, it will. I can very much envision a world in which Bitcoin (at least at layer 1) becomes essentially impossible to change going forward, we are likely already there. Bitcoin is digital gold, that is amazing and necessary for the whole ecosystem—but it opens up the playing field for other coins to take on other niches which build off of the highly decentralized/immutable nature of btc as the reserve asset of the space.
Good luck. This is certainly not financial advice.
XMRBTC Trading opportunityDowntrend continues as price breakdown from possible bearish pennant.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk mitigation.
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Thank you
XMR/BTC SIGNALSeems like privacy coins will take the lead in outperforming the Bitcoin.
Zcash and Monero are looking quite strong already!
Waiting for an buy signal confirmation on break and close above recent high.
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Opportunity 5 - XMR/BTC for 4%As in others opportunity post , analyse made in behind , DYOR always !!
XMRBTC a buying opportunityThe price action is forming a bearish BAT and a bullish SHARK patterns insha Allah, I have defined the buying and sell zones accordingly.
Regards,
Atif Akbar
XMR - One Of Few Alt-Coins Moving UpXMR is one of few very coins showing some life after support. However, it remains to be seen how far this could go up. Bullish Divergence on the RSI could indicate a possible run-up to the 236 on the Fib. But 73% on the BTC Dominance would mean possible downward movement unless hype and developments takeover.
Time for some MoneroBTC has been been consolidating in a defined range for quite some time now, giving top 10 alts some breathing room and prep time for a leg up. Reviewing XMR/BTC daily and 240m charts, we spotted a worthwhile trade that we're sharing with our followers now.
Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances for another leg up are bright. We are taking our long bets considering the solid setup and a supremely good R:R of 6+.
Exact levels on the chart.
xmrusd xmrbtc is about to hit bottomwell xmrbtc looks not as good as xmrusd so it could be better to hold on to btc but this is very low compare to xmr history.
This is due to banning dark coin from a lot of cex exchanges, but i am sure there are group of people who would want dark coin for sure.
best time to buy is when it goes above 68 dollars. otherwise only aggresive users can buy partially, and slowly with stop-loss set at the lowest price.
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XMR/BTC buy targets all hit and in the greenAged well. Let's see how it holds. Ready to buy again at 1 fib circle line
