XMRBTC has been in a week long down trend as labeled on the chart as Wave Y. The two purple lines outline the downtrend channel. Notice how it reached the top of the downtrend line twice previously and was rejected. We are currently on a potential breakout hourly candle. For the first time, we have passed above the top trend line and with an hourly candle...
BTC could be losing momentum due to china driving the price down. Possible breakout up or down imminent. Chose your bets, Keep a relatively tight stop if long. We're one foot off the cliff. ---------- We're bringing TradingView alert functionality to Poloniex and other exchanges, if you're interested visit our website: CryptoView
Volume has dropped off considerably in the past few days. Lending rates have decreased, and yet the big margin shorts aren't taking the bait; they have been burned and squeezed too many times, and they have largely exited the market for now. The expected weekend rally has failed to materialize, and With this low volume and virtually nobody left for the trolls to...
Note: I know this is usually used with commodities and forex. Almost looking at a 3 line break and the weekend is approaching. Currently looking at a line break if the current bulls keep up. We're bringing TradingView's alerts to Poloniex to allow for more advanced trading and highly customized trading bots. Visit us at CryptoView
With my update yesterday, everything started well then things started to run out of steam. As I mentioned in my update yesterday, if we cannot reach at least 0.0220 by the time that the hourly RSI rolls over then we'd need to re-evaluate. We got close, reaching 0.0219 but then we ran out of steam and momentum rolled over. Hopefully everyone followed my advice...
What goes up must come down, especially with the current BTC rally. If XMR starts to penetrate the kumo cloud, then expect it to go all the way through to the bottom of the cloud.
XMR has been behaving the same over and over again, gettin too predictable this far which scares me a little bit, due to recent movements during the last 24 hours gives me enough reason to believe this will be the last time it keeps the patters, in polo we have been seing a high manipulation by the 1111BTC whale on the sell side, but that pressure have been making...
All signs point to the XMRBTC correction being over: 1. Notice the ABC wave correction. 2. Wave C is equal to Wave A which is a common length of a Wave C to Wave A. 3. Wave C retraced back 61.8% of the previous impulsive leg up. 4. The Wave C trendline was broken on Sept 7th at 03:00 UTC (23:00 EST on graph). 5. The Wave C trendline, after being broken, held...
It appears the next attempt at a peak has passed not only the aggressive trend line but also the tamer trend line set earlier. This means the emotions of euphoria are gone and now the market will return to reality to discover the real sustained levels for Monero. The talk of Monero hitting a billion dollar market cap will cease for at least a month and the volume...
Possible Monero Short, Broke Trend line and the beginning of a decline on Firefly. Could bounce off the fibs or previous resistance at 170. Monero is still a long hold. We're merging tradingview alerts with Polonex, visit us at cryptoview.io.
At first I thought this was a three drivers chart pattern, but then an awkward 4th attempt at the drive appeared. However, it hasn't broke the line. Yet, that line in my drawing is really nothing in particular. However we do have a pattern here of driving upwards, leveling off; driving upwards. I think Monero has more use value than Litecoin, and perhaps even...
Shorting the XMR double top classic, this last top was just a try to go up, isnt time for Monero to pass ETH yet. Stop loss 0.01890 Targets 0.01600 and 0.01350 Trade on your own, be safe!
Hello fellow traders im back with charting This time we are shorting the XMR beast which has increase a lot recently due to it's use in the deep web Set up is simple Stop loss 0.0149 Target 0.010 Be safe
Another graph posting about the monero whale wars incoming, expecting in 25 hours good movement
A bull run is building on Monero. It looks like the bottom of the current downtrend will be here in 13 hours and around .0127. After the pivot from .0127 I expect a rise of 32% over the next 48 hours. The tenacity of the bull run will indicate if the market is ready to move past this peak into yet another higher bubble. I think this will happen one last time...