Pato99
Long

Monero moon or doom

POLONIEX:XMRBTC   Monero / Bitcoin
it is funny to see that monero pumped like this in the same way like last year and it was also the same month.
both trades are interesting so choose your side wisely

Trade active: i am entering long gradually in 5 positions sizes stop loss 0.025
Comment:
closed my position with very little profit.

reasons:
1. first trend line broken
2. MACD bearish
3. Volume very low
4. Bitcoin is bullish

re-enter on strong channel bounce or other bullish signal.
XMR Fiat chart also does not look so good.
If the daily changes to green with good volume i might reenter
Comment: bounced near the channel
looks like sideways

breakout on xmr fiat might provide a valid bull signal - waiting for it
Comment: XMR channel bounce and supported on the fiat chart.
adding back a smaller position
Comment: Monero looks like shit.
holding it till tomorrow maybe it will go at least sideways
Comment: Monero FIAT bounced on the daily EMA.
There is at least a chance that it will consolidate for a further move up



the bearish waves are rather weak and typical for EW 4
You can see that the impulse is loosing strenght on the MACD

Total coin market cap decreased by -13 billion USD short term but i think this is the bottom

The Bitcoin panic dump was more or less random and was rejected by the Daily EMA
Comment: Dumped to buy more ETC