Would You Short This Chart?If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August 13th.
What do you think? BTC reigns supreme? We go sideways a bit more? Full on breakdown?
Thanks for taking a look, and don't forget to hedge your bets!
XMRBTC trade ideas
XMRBTC Bars Pattern IdeaIf we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.
What do you think? Will the XMR 5 year bear trend continue or will we get a breakout?
Thanks for taking a look. Good luck and don't forget to hedge your bets!
XMRBTC DIVEAfter out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also really strong while trending higher.
The trading volume is stil low...
But as the chart is bullish, this is a continuation signal rather than a bearish one.
A 90%+ target easily accessible on the chart.
Thanks again.
If you read through all the articles you are a genius...
Namaste.
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.
We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.
We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.
We also have a cup & handle pattern starting around August 2021.
And last week prices closed above EMA50.
The RSI at 56 is really good on the weekly.
Monero is good to buy and hold long-term.
A good place to let some crypto-funds rest.
This is not financial advice.
Thanks a lot for the continued support.
Namaste.
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event.
A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace.
This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048.
Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
BTCXMR Fractal?
There's a nice and ominous fractal on the XMRBTC chart from way back in the beginning of it's price history in 2014... Let's see if i jinxed it!
to the moon!hah ddddddddddddddddddddddddddddddddddddffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
XMR - I am bullish on privacy !!The recent crypto melt down has not changed my call on Monero relative to BTC.
I have been shaken out of my position and I already regret it.
The long term outperformance of XMR relative to bitcoin is still valid.
The downturn only provided a strong backtest of the breakout.
PRESENTLY THIS IS A NO BRAINER !
No such thing as a privacy coin lol this ones gonna pull a LunaTo Zero, Strong sell this Target is $1.50. Not financial advice
XMRBTCPrice crated an N wave on the 4hr timeframe price is below the Kumo which is a bear market. Price is also rejecting off the fractal order block, take profit is marked by the Fib extension tool.
Top pick 2/3 - XMRThe reasons because I took a decent position in Monero are the following:
1 never before in history has privacy been under attack globally
2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o)
3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable
4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it
5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them
As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly.
(since my last post a month ago XMR is already up 50 USD (or 30%).
MACD is turning positive on the monthly time frame.
Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side.
MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance).
The pattern is very similar...
...and if history rhymes this should meen a 11 x against Bitcoin alone.
That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.
King is Coming Back...👑Monroe has broken a long-term trend in its weekly chart and is recording a pullback to it. If the upward trend of the downtrend is stabilized and reversed, good growth is expected.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
Short idea XMR/BTC Following this move upside now trading the downside. Setup is pretty simple, as detailed in the chart, and straightforward. You can short now or wait for a rebound which isn't really garantueed to happen, and close at the previous highs of the previous pumps waiting for a potential rebound (to short again, check ZECBTC recent for a better picture). GL
🔥 XMR/BTC Broke Out Of 4-Year Bear TrendSince topping during the heights of the previous bull-cycle, XMR has been losing most of its value against Bitcoin.
During this down trend, the dotted purple trend line has been respected. However, XMR/BTC has recently broken out of said bearish trend.
Since XMR is one of the few untraceable cryptos, one could guess that this has something to do with the Russian invasion into Ukraine and the imposed sanctions on Russian individuals. Keep in mind that this is just speculation.
Break out like these do often carry some weight with them, so I'm assuming that XMR will continue to gain value against BTC. Only thing that can take us down again would be a further sell-off of BTC. For now, targets are placed at recent tops, see the blue lines.
Happy trading!
XMRBTC will formed a Harmonic PatternXMRBTC will form a Harmonic Pattern will continue price in the trend
XMR Monero all the way up 12 Hour Chart
Tuesday 19th April
XMR BTC ripped up to the 1.272 Fib extension of 0.006896
Looking very positive but very overbought now
Watch for a pullback
Upper sell targets have been hit
Money flow looks like it is reversing, but this is a very positive move for privacy coins.
Maybe the Canadians and Russians have created new demand for these coins?
On the 12 hour we are on a TD 7 green count.
Monero all the way up!Tuesday 19th April
XMR BTC ripped up to the 1.272 Fib extension of 0.006896
Looking very positive but very overbought now
Watch for a pullback
Upper sell targets have been hit
Money flow looks like it is reversing, but this is a very positive move for privacy coins.
Maybe the Canadians and Russians have created new demand for these coins?
XMR/BTC down trend broken.We need to zoom out some times to see whats going on.
Down trend since sep 2020 clearly broken.
MONERO / BITCOIN BREAKED LONG TERM DOWN TREND IN LOG CHARThello tradingwiew community make sure comment below your ideas about this chart
$XMR XMR/BTC Time to finally say "GM" to the Sweet Prince?I absolutely love everything about Monero. The absolute, undisputed king of privacy coins, the untraceable, fungible supermoney to back Bitcoin.
A dead God once told me that Monero is what Bitcoin should've been.
Together they (us) will win.
Monero is money
Bitcoin is gold
With that psychotic rant out of the way, Monero looks like it is primed for pumpin g. This is a retest of 20 October 2021 micro bottom, January-April 2021 cycle bottom, and eternal resistance of the early years 2014-2016 for resistance/support switch.
Possibility of higher low forming on the weekly.
XMR/USD has tapped ath, now crawling back. Normie catapults on.
Word of warning: Monero can be paper traded on exchanges at will. Should the eternal R/S fail, bail. Also, Monero is hated by the governments as it represent freedom from authoritarian control.
-DDD
Rectangle Monero completed a reversal rectangle pattern.
Stop loss is on close wicks don't count to me.
.
.
XMR Additional ChartThe additional Bad Ass Bollinger Band 8 day chart for Part 4
Price volume oscillator.
