XMR/BTC is at the end of three orders of down waves.
Might be a good time to move some Bitcoin into Monero.
It could of course go lower, but it should bounce some here.
Red 4.236 I think was the bottom.
Purple 3.618 adds a support later.
Blue fib series fine tunes last wave.
Also see my related Pivot Points idea.
We mighthave a confluence of support.
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is ...
there's a chart of the top 10 based on coinmarketcap price.
formule : XRPBTC*439.37
BCH is the most expansive one ATM so i based on it
Buy After Successfully Breakout Monero and then you can see Bounce back in price.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
hello guys, as per analysis we found symmetrical triangle and can be traded for profit. We drawn some targets as per pattern and resistance.
trader can trade now inside patttern but for safe trade wait for pattern breakout. We will update the chart as per changes.
Stop loss recommended
Possible future trend reversal with triple bottom structure.
OBV is making higher high, this is a good sign for triple bottom, if we break the neckline with more volume on the third bottom, that could be a big bullish signal.
A pennant pattern is broken yesterday , now price got back to the breakout zone.
This is the level where buyers may step up to break new highs.
We're set to go with any buy signal at the current level.
Thank you fot your support,likes and comments
XMRBTC situated into a big big falling wedge which is a reversal pattern. What is the most important XMR have SMA monthly support which is insane strong :)
Stochastic is oversold
RSI curbating up now is below neutral zone
MACD probably will curbate up soon because to remain bullish in long term we need to hit neutral zone(0) and go up
We observe a consolidation period of over a few months.
We construct a hypothetical portfolio of 1 Bitcoin, spread over 10 assets, to judge the relative strength of the altcoinmarket, since January 1st 2019.
Considering we generally want to trade with the overall flows, we refer back to this chart in the following months to judge where we are in the bigger ...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'll keep this one a little short and sweet. There is potential that XMR has bottomed out but with the overall sentiment of the market, it wouldn't surprise me to see one more push down before recovery.
Don't get me wrong, these ...