Entered a short at the .5 Fib (.0044 btc)
Going to ride it down .236 fib (.0039 btc)
Once price passes .38 fib level I will be placing a stop loss at the point and keep moving it up as price goes down more.
Earlier this morning at 06:00 EDT, KRAKEN:XMRXBT bounced off of a flat support line at around 0.00702 XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). As such, it is reasonable to expect that...
Accumulation phase since July
Breakout to come back in the new upper range
Bull Flag consolidation who suggest to go up again to a bright new target
+30% empty space to retest
Breaking the bull flag and it's a skyrocket going to the sky !
Privacy , we want Privacy !
XMR looking bullish holding support between 0.007659-0.007508 sats plus incoming Golden Cross of 100MA and 50MA. Breakout of ascending triangle confirmation that the bull have the momentum to push the price going up, potential target up to 0.008000-0.008363sats put stop-loss below this support box between 0.007342-0.007232sats
We're approaching the end of a consolidation.
End of long consolidation usually means the price is ready to move unilaterally in one direction.
It's too early to tell which direction but it has to break 0.014 for a bullish trade or 0.012 for a bearish trade.
If I had to guess, I'd say we're in for a very strong bullish reversal as XBT loses more ground to...
Nice TK cross on the 1-day chart. Started adding between .0166 and .0183. may continue to add if we continue to see strength in volume and price action. Take profit targets are set in the chart. The last TK cross on the daily chart was May 11th, so this bullish TK cross is definitely something to keep an eye on. Remember to keep you position small while we're in...
If XMR can break above this liquidity pool that it has been constantly touching and rebounding off of, we could get an ATH test.
The top of this resistance zone (grey) is the local high from the bull run from 3/2. Additionally, this top was tested again on 3/3 before price ran down to the current support zone around 0.0305. I have the bottom of this pool set at...
Monero is a buy, just not right now now, because it's gotten a bit away from us. Wait for an hourly pullback.
Alternatively, wait for a breakout to new highs. Targets are fibs.
moving averages are nice and tight, should be a strong move.