TradingView
I_see_BTC
Jan 15, 2017 7:03 PM

XMRBTC - Monero potential bullish cypher pattern Long

Monero / BitcoinPoloniex

Description

Potential bullish cypher pattern on the daily chart shows a long entry around 0.011217777. Pattern completion coincides with a retest of broken resistance.

Trade active

Looks like a compelling place for a Monero long to me.

Comment

Buying Monero again here

Comment

Weekly chart trendline

Comment

Bullish 4-hour candle

Comment

Weekly chart also shows a beautiful 0.618 retracement complete

Comment

Monero having a go at another resistance level. A break & close above should mean another buying opportunity on the pullback/retest. A breakout of the triangle could be a big deal. Waiting patiently


Comment

I was focused on NFP and the BTC ETF decision on Friday and missed the prime buying opportunity on Monero at support. Now that it's broken out of the triangle I'm watching for a pullback to the trendline/support to buy again. Looks to me like the next big target is 0.014

Comment

Breaking above, but still respecting the original structure on the 4-hour chart. Price is not random.
More