Don;t have much time to write up today.
I believe the key here is the volumes in the H&S. This means we are close to the bottom.
The question is how are we going to go about this bottom.
I think, i presented my case.
Stay safe everyone.
April 2 - 3 is going to be a key, which means tomorrow lol
BLUE = Bear/Resistance
Yellow = Bull/...
Well friends, lets begin this month a little different.
Observation and a Warning of things to come:
In the age of Cyberpunk, - if you are not familiar with a term, google it up - we have variations of futures where we live in a high technology, but a world is screwed up. And most often than not it has 3 or 4 key components.
World War 3
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
“Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
Personally, I feel that Monero is what Bitcoin wants to be and is trying to be. As the crypto market matures we should expect Monero to take a permanent spot in the top 5 on market cap.
Wave 5 is on its way or very close to starting. Monero increasing in price on declining volume having hit the top of the channel for the third time and as typical of a wave 4 had broken the channel in both directions. Any spike higher from here will more likely fill my remaining Short ladders than scare me out of the trade.
This crash will wipe out many...
One of my favorite 2020-2021 long positions is $XMR. Largely for fundamental reasons (proven secure, privacy oriented, minimal transaction fees in comparison to BTC), but the technicals are also beginning to line up in anticipation of BTC halving.
Looking at the daily timeframe , with the two biggest used moving averages, 100ma and 200ma.
'golden cross' about to happen this next week, interesting to see what happens to price. Are we on the verge of altcoin season?
My current target is $113
As always please do your own research, I am not a financial advisor.
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I expect the completion of the correction for XMRUSD and the continuation of price growth within the framework of wave 5.
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I am short BTC as indicated in the linked idea below, but if wrong at 7200 I will open a LONG to 8000 (where all MA are).
It is very tough to decide a direction for cryptos, volatility decreased dramatically and BB are really narrow on the hourly TF, meaning that the market will pick a direction soon with an "explosion" as only crypto can do.
Today just XMR as...