Mavski
Looks good to me. Caveats: If BTC/USD drops, XMR could go down with it in USD, so a hedge may be safer. If ETH rises , XMR would be losing in dominance, but should rise in terms of USD. So overall, looks like a good RR.
Seems like a rise here would be good for all crypto in terms of USD. Flat or chop here could be good for an Alt run up. A drop to supports here would probably be a good time to convert alts back to Btc. A drop below supports would be anyone's guess. One major Alt rising? Musical chairs on multiple Alt firework pump and dumps? But look out for a growing...
Last month, I was wondering if it would make it to its all time high at 96. Now, will it just revert to the average in the 20's ? Find a new home in the 30's ? Or get back to the 50's + ? If I had to guess, I would say down some from here, with a chance of popping up at any time. Maybe short with a micro stop loss. But then you got those fees ...
Aside from BTC, looks like ETH is back as the benchmark for alts. Especially for "smart" chains. Daresay also for permissioned blockchains. Blockchains still infant. There is a lot of competition out there. Looking ]for those killer apps. Wild west. Show me the use cases !
If this goes up much more it could break up. Cant tell for sure just yet, but one to watch.
Risk to reward for a roll over down is better then for a continued breakout here , imo: Resistance to both BTC and ETH on so many levels. Also, overbought on multiple time frames to BTC, ETH, and USD. Could sell to: 1) Btc dominance hold 2) Btc halving effect 3) Eth dominance breakout 4) Flight to safety fiat, commodities if total crypto turns risk-off 5) Other...
Risk-on sh*tcoins leading crypto as the Btc halving nears. OTHERS looking strong. This chart looks like a pivot breakout. Or is it overbought and at the top of a range? Place your bets.
Failed rally in Feb. Failed rally after crypto dump in March. Failed rally after halving in April. Maybe it will try again from lower.
Going down. MACD red. Will probably go down at least to bottom level of Rsi band, maybe lower.
Lots of extra oil, need a place to store it = NAT long
If there is any uncertainty in risk-on crypto, this might be a good hedge to scale into for both short term and long term. Momentum looks good. Technical look good. Fundamentals are solid. RSI is could go either way. MACD a little light red, but improving. Possibility of small drop to retest. And/or If XBT , BTC pops, then that's great. This would still be...
PAXG - redeemable to real gold, audited and regulated. USDT - "Unfortunately, Tether has decided to stop serving U.S. individual and corporate customers altogether. As of January 1, 2018, no issuance or redeeming services will be available to these users." Oh, and gold's price to usd looks great too ;)
Such a great concept. Thanks to Pax and Kraken. Realize the challenges involved, but the concept is amazing. Higher volume in March showing growth. And again: Gold price to Usd looks great :)
Green = Buy / Cover . Red = Sell / Cover. Pink = choppy .
Looks both strong and weak at the same time. Risk-on or Safe haven ? Support 183B . Resistance 208B . Break through one of those may show the way.
Why even bother with trying to time this? Even if it bounces, it could drop. Even if it drops it could bounce. Might as well wait until it gets down back to the trendline, or down to even more ridiculous lows, or something else shows up on the chart. Better off just buying NAT or other tankers, storage, etc. which will go up either way.