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XMRBTC trade ideas

XMR/BTC What to consider before you buy!If we mark out the daily range like so, we can see that we fell beneath the middle point of the range and are getting rejected so far, which isn't looking so good. I wouldn't be looking for any buys right now, either wait until we hit the bottom for a possible bounce to the top, or if we break the middle point again and find support. Now, it's worth noting that we bounced from the optimal fib zone, but since the higher timeframe is bearish, I think it's temporary. Still, if we break above again it might be worth looking for a buy. Trade wisely.
X
by UnknownUnicorn3664665
XMR Monero a quick inverse H&S long.*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY*** We just noticed abnormal trading volume increase on Bithumb. You can check it yourself on coinmarketcap. Technically we are seeing an inverse head and shoulders chart pattern on 1D chart, which gives us 42% potential risking only 6%, the risk/reward is pretty amazing here. We purchased a new self-made indicator yesterday to better visualize whale accumulation, the indicator is also showing bullish. The only problem here is the lack of liquidity is preventing me to trade heavily on it. We'll collect as much as we can before breakout.
Long
by JoE
1
$XMR short set-up on PoloniexHeres my case for a short on $XMR/$BTC Monero a few moments ago. Price testing major resistance, bear trend on a higher time frame, bearish divergence apparent on oscillators. I give this a 55/45 favoring a move to the downside. I could be wrong hence risk management in place with a stop loss above resistance. Targets at support levels and 2:1 r/r ratio. Lets see how this plays out. Not financial advice, trading crypto carries a high degree of risk.
Short
by fxtraderanthony