Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 10.56% PROFIT!!!
The increase in price may also be explained by positive developments including:
Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: 78%
Profit Factor: 6.9
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should...
For a good price bounce we need a liquid price zone, which is $ 85-100. In this zone is not something that slows down the price drop, but you can trade rebound:
1) to the price zone of 120-130 $ (50%)
2) to the tsink zone of 160-190 $ (100%)
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 15.63% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments...
XMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think...
I think Monero is about as solid as they come. Since the bulls are back for crypto I think that this thing is going to hit new highs. The 231 MA is like a force that can either push things down or push things up. Now that it has crossed the 77 MA it looks as if a lot of things in Crypto land are going to accelerate. I would not short these coins. BTC and the boys...
Either way i'm extremely bullish on XMR
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Monero is a great coin and it seems to have formed a double bottom (red lines) and a inverse H&S.
EMA lines are turning bull with 50 crossing over 100 and soon the 200 on 2hr frame.
It should go to the first target before February 17th
320 Based on the W bottom
350 Based on the H&S
Stop loss 245-240max
Monero move sold off from a high of $477 on Dec. 20, 2017 to a low of $151.54 on Feb. 6 2018 in what can be described as a WXY Elliot wave structure. This 3 wave move should be followed by another 3 wave move upwards or the start of an impulsive move upwards that can see Monero move past its old price high of $477.
POI = Point of invalidation at which price...
Monero has been on an overall uptrend since November. It is now moving within what seems an ascending channel, and very recently it has touched what can be the bottom of that channel judging by the bullish engulfing pattern in the last day's candle. If so, we can expect the price to rebound slowly back up towards the top of the channel.
The MACD is also showing...
My first quick glance at Monero (XMR), shows a 510% increase after the bullish pennant comes to completion and the new rally begins.
Long term (60 day) target is $2100, or just over 500% from today's value.
Watching monero closely for a breakout of a long-term pennant. Movement and a close above 0.0193 signals a possible move to new highs. All indicators hinting towards bullish sentiment with room to run. Watching closely today, and planning to add on any dips.