Just an interesting ratio to watch, I saved a lot by moving from LTC to XMR by watching this. Possibly time to very slowly start moving back to LTC. Keep in mind XMR has a much lower circulating supply, so this ratio could get much lower.
According to this count we should reach 148-150$ before a 62% to 79% retrace as (B).
Note that the bitcoin behavior will probably highly impact XMR behavior in the next days.
Have a nice week !
Do you hear it? Do you sense it? Do you acknowledge it?
It is the ALT market, waking up and sharpening its horns!
Are you a fan of Sh*t Coins, well come right here, cause it is that time of the year, where manure floats upwards, and clog the pipes.
Fiat is floating back into crypto and it is going to find itself in these fun projects like:
NEO, EOS, NEX, RVN,...
Sorry for the delay, i had an incident on a unicycle - lost control at high speed(40k). its fun typing with one hand. Thanks to wife, i am recovering faster. Pain brings focus, FYI.
i'll be brief because, at this point its anyone's guess how btc halving will happen.
here are my few thoughts on it:
Nothing will happen, it will be flat price action or maybe an...
“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.
The formation of Wedge:
On the long term weekly chart the Monero has started the formation of a wedge pattern. Since then it has been nicely hitting the support and resistance levels of this wedge pattern. At this time it can be easily observed that after the drop of March 2020 even though the price action has hit the spike beyond the support but finally it is...
. There is a possibility of temporary retracement to suggested support line (60.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XMRUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
I love monero ❤🥇❤🥇❤
True Cryptocurrency that plays a critical role in what it stands for.
💰 Let's check up on the price action of this one.
Wave 1: The selloff, the distribution of coins.
Wave 2: The accumulation of support.
Wave 3: The Resistance for controlled accumulation.
We are squeezing sideways as the pennant pattern is forming.
*As this pattern...
Made a reply in another thread answering my view on altcoins.
Thought I might as well just copy/paste it for reference.
Without any doubts, I buy longterm:
ETH, EOS, (BTC), XMR, XLM, XTZ, XRP
I dont think I need to say anything other than I am 100% in on these.
EOS and XLM still havent really proven themselves. They might die. But I...
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/...
This chart represents a repetition of the bullcycle from 2016. A double exponential move with corrections.
It looks like the W bottom may have been tested (is it enough?).
We now need to break up out of the falling wedge and enter the ichimoku cloud before EOY.
The light blue line then needs to crossover the purple and we're bull above the ichimoku for the 1st...