Monero/Bitcoin seems to be forming this massive long term pennant structure on the weekly log scale. XMR has been performing quite well this year compared to most of the crypto market, especially Ethereum. However I'm not entirely convinced it will hold support if it breaks out. I think bitcoin has a few more months of bear market to work itself through before...
Even though XMR has shown short-term weakness against some coins in the privacy vertical they still have a way to go before they can challenge XMR's long-established upward channel against them.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue...
Monero has been in a 9-month+ up-trend against Bitcoin.
People are starting to realize L2 solutions are fundamentally flawed, and using Bitcoin is like shitting in a glass bathroom.
If we can close above the 200W SMA, expect to see some serious shit.
"If Bitcoin is a hedge against the dollar, Monero is a hedge against Bitcoin."
Monero/Bitcoin BITFINEX:XMRBTC made a new high for the year. Over the last year's bear market Monero has outperformed Bitcoin by almost 100%.
Monero is proving itself to be a greater "store of value" during this cycle than the past champion of Bitcoin. Monero is a cryptocurrency that has been around since 2014 and is based on "privacy by default." It is my...
Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.
We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.
We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.
We also have a cup & handle...
Cup and Handle Pattern is Developing on the XMRBTC chart
Not perfect alignment but lots of pressure to the upside
Lets see this breakout beyond expectations
XMR has the street cred and the fundamentals to regain the top 5 from current 29
Privacy is undervalued.
If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.
What do you think? Will the XMR 5...
After out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also...
this has been grinding on up 8014 looks to be flipped
dip there and looking to open a levered postion in anticipation of a short term reversal at the bare minimum
trading above the 200 move should happen by wed
Saturday 19th November 2022
Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count.
XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR,...
150+ Day Supply Line Resistance. Falling Wedge. Looking For Breakout & Upside
Time For Up In $BTC, Down In $USD.
In Time, Will Equate To Strong $XMRUSD. Especially Mid Summer to End of Year 2021.
$XMR The King
27th October 2022
a red 2 candle has been painted on the weekly. Let's see where it closes at the end of the week.
But this could be the beginning of the pull back.If this does get perfected, there could be another 7 weeks of downside.
So, I am anticipating a bottom developing around the 12th December 2022, which is where the Ichimoku Cloud has flipped from red...
7th August 2022
XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115
The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green.
The TK cross turned positive on the 9th July and is still...
This chart shows a breakout of the XMR Monero price relative to the Bitcoin price from a long run bear trend. The relative price now is also above the 21 month EMA. This is not an XMR buy signal necessarily but a clue as to relative strength.
If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August...