Potential future triple bottom to watch out forPossible future trend reversal with triple bottom structure.
OBV is making higher high, this is a good sign for triple bottom, if we break the neckline with more volume on the third bottom, that could be a big bullish signal.
XMRBTC trade ideas
Consolidation = Big Move IncomingWe're approaching the end of a consolidation.
End of long consolidation usually means the price is ready to move unilaterally in one direction.
It's too early to tell which direction but it has to break 0.014 for a bullish trade or 0.012 for a bearish trade.
If I had to guess, I'd say we're in for a very strong bullish reversal as XBT loses more ground to USD.
I'd still go long at 0.012 on smaller time frames but would definitely avoid any short below 0.014 because of the poor R:R ratio.
It Is That Time Of The Year Again For XMR/BTC (MONERO) Hello, in this post I will share boh my Analysis and Strategy on XMR/BTC (Monero).
Monero is the top 13 coins in terms of marketcap, used to be in the top 8, lost 90% in value since last ATH, and is I believe undervalued right now.
This said Monero's price is indexed on Bitcoin, and tends to behave nicely when Bitcoin shows some green. So this might be wise to wait a little before entering a position on XMR.
Here is my latest analysis on Bitcoin, that I will keep updated.
I was looking for a coin to trade with my Automated Strategy on Binance, and Monero looks like having a huge space for a move up. Indeed I prefer to not use leverage or short for now, since I'm not an expert, so I use a simple Buy and Sell Strategy.
I backtested my Strategy Crypto Trader 1H ( results below ) and found a configuration for my bot. The idea is to outperform Buy & Hold ( grey line). Next signal will be a Buy, I will keep you updated.
Will this Bullish Break Lead to the End of the Bear ?? LONG XMRMaybe this is an ending triangle? RSI has come to life breaking through 40 and holding on a couple tests setting up this price triangle. ADX is reset and ready for a new trend. Is this the end of the bear for XMRBTC?
XMRBTC - Strong support on the 200 weekly MASupport is provided by:
- 200 weekly moving average.
- Previous 2 bottoms.
- 0.786 Fib retracement from the last main bullish impulse.
We are ginding the trendline that acts as resistance.
Volume is picking up on other exchanges (see Binance).
Xmr/Btc a bit lower to goXmr still has a bit lower to go then boom. I might go a little something like what I drew out on the chart. Like always no hurry and be safe.
Monero (XMR) - A little more downside before recovery?Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'll keep this one a little short and sweet. There is potential that XMR has bottomed out but with the overall sentiment of the market, it wouldn't surprise me to see one more push down before recovery.
Don't get me wrong, these prices are steals but with the formation I see at the present moment (it's a little difficult to see on the 3 Day chart) shows one more push down, putting us at approximately .0090 or .0091 but I expect this to spring like no other so if I was a betting man, I would set some orders around there in case there's a wick down in that general area. According to bitfinex, that would put the XMRBTC level lower than it ever has been. .0093 is basically the all time low.
Will it get there? Only time will tell but I would say we've got about a week... two weeks tops, before we get that spring. Once the pivot occurs, I can see us reaching .02 as the first take-profit level. I'm not sure I would be targeting .03 or .035 anytime soon.
BUY XMRI think XMR will grow soon.
Breakout traders should buy after breakout.
Agresive traders can buy now.
Reversal at key supportLooks like we're in a range and approaching a solid support where price has reversed.
Support seems solid around 0.01200 based on previous price action.
Monero is at the point of interestA pennant pattern is broken yesterday , now price got back to the breakout zone.
This is the level where buyers may step up to break new highs.
We're set to go with any buy signal at the current level.
Good Luck
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Thank you fot your support,likes and comments
Ready to go! AltSeason??Crossed this red trendline that we marked on December 26.
Volume Increasing, EMA50 is holding the price at current levels, breaking above it could be a confirmation signal.
I guess we will cross Ichi soon... Waiting for a buy signal from the UCTS
XMRBTC has bottomed or very close? Monero's "Perfect Storm"XMR/BTC is at the end of three orders of down waves.
Might be a good time to move some Bitcoin into Monero.
It could of course go lower, but it should bounce some here.
Red 4.236 I think was the bottom.
Purple 3.618 adds a support later.
Blue fib series fine tunes last wave.
Also see my related Pivot Points idea.
We mighthave a confluence of support.
Perhaps this is Monero's ''Perfect Storm''.
XMRBTC pivot point play: Monero at a Central ClusterXMRBTC is at an interesting price, for anybody watching Pivot Points.
That term ''Pivot'' is used to describe many different things by different people.
BUT there is only ONE true ''Pivot Point'', per each period.
The above chart is showing Weekly (green) and Monthly (brown) pivots.
See my three chapter Guide to Pivot Points: one of TV's greatest free tools'' below:
Nice volume for growthMonero just received some huge volume supporting price growth. It means it will grow more. Either from where it is now or after pullback for rebuy zone at 123-125. Target 145. SL below 124 (maybe below 122 for safer trade).
