Bitbloxx
Long

Time for some Monero

BINANCE:XMRBTC   Monero / Bitcoin
BTC has been been consolidating in a defined range for quite some time now, giving top 10 alts some breathing room and prep time for a leg up. Reviewing XMR/BTC daily and 240m charts, we spotted a worthwhile trade that we're sharing with our followers now.

Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances for another leg up are bright . We are taking our long bets considering the solid setup and a supremely good R:R of 6+.

Exact levels on the chart.
Trade closed: stop reached
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Happy Trading!
Team Bitbloxx
Coins like this will not stand the test of time.
Reply
@kardia, what do you mean especifically "like this"
Reply
kardia ruizconde.m
@ruizconde.m, ever heard of the book 1984?
Reply
awh2830 kardia
@kardia, i disagree. Monero has a capped supply, 21 million, like btc and is move private and secure. It will be useful in the future
+1 Reply
kardia awh2830
@awh2830, it won't be useful if it gets banned. Privacy coins such as Monero may not be around much longer.
+2 Reply
awh2830 kardia
@kardia, a ban, will not diminish monero. Governments try to ban things all the time and one can still get them.
They tried to ban alcohol and drugs and travel and gold. People still got those items, as long as there is a market there will be supply.
Reply
kardia awh2830
@awh2830, if it's a global ban, Monero will be finished. No exchange would dare list it, because it would be illegal to do so. Such a ban would greatly diminish its demand, and thus its value would decline significantly.
+1 Reply
awh2830 kardia
@kardia, I agree but there wont be a global ban. That would require every government on the planet to coordinate in order for it to work. Do you honestly think North Korea, Iran or China will cooperate with the West on a ban? No way....
Reply
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