I have concluded that this market has been compromised.
A singular player/outfit has accumulated almost everything.
I imagine the same one that acquired Poloniex, but I can't be certain.
As far as I can tell, the coins with the greatest following are the ones being made to look the worst, and vice versa, before the world transitions into the "crypto era". I...
Anticipating a déjà vu from Dec 2017. A glitch in the Matrix.
BTC to continue rallying, finish bleed alt/BTC pairs, then FOMO to alts.
Avoid anything that hasn't survived the test of time.
Unless you're strong enough to be a bag-holder.
The POLONIEX:XMRBTC pair has been bleeding lately, and most of us are desperate for a little hopium, so here goes:
We are sitting at the support of a multiyear ascending channel and have just tested the breakout of the smaller inside descending channel, indicating a change of trend to bullish.
I believe a rise toward the upper channel line are in the cards as...
Quickpost
XMRBTC has been exploding sideways for over 1400 days. While it has done so it has created a macro symmetrical triangle that I suspect will break to the upside. There is a inverse head and shoulders that has been developing for about the last 6 months and is seems ready for the right shoulder to makes its move to the neckline then perform.
The...
Lazarus Group, an infamous hacking group of an unknown number of cyber criminals allegedly run by the government of North Korea, currently holds more than $47 million worth of crypto assets in their wallets. The blockchain analytics provider Dune Analytics, which gathers on-chain crypto data and makes it accessible to the blockchain community, revealed that stolen...
in btc pair monero weekly around overbought area for stoch rsi, also as you see in channel we can try short position for upper resisitance area of channel. i believe it could give us good profit.
◳◱ A Resistance Breakout and Confirmation has been detected on the OMXSTO:XMR / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00561 | 0.00586 | 0.006553, and the major support zones can be found at 0.004917 |...
Not a bad entry point
XMRBTC
Weekly
RSI : weekly div + oversold
Stock : Accumulation
Monthly
Falling wedge that aim a double top (0,03)
RSI : huge support but need to be defended until monthly closure
Stock : Distribution
XMRUSD
Cup and handle that aim 800 - 1000$ (16-21B$ mcap)
Weekly
Retest of the recent breakout + on a yearly support
RSI : On a...
XMRBTC - If you are waiting for the backtest of that massive breakout, you may not get the chance for it.
Last cycle it ran 1500% against BTC before officially backtesting the break.
Cheers,
Monero has been heavily underperforming BTC for a long time, this means you are taking more risk holding XMR than if you are holding BTC
however, I see XMR is beginning to enter a super bullish state, with a maximum TPI value of 1:
This could mean that we could see a nice trend to the upside:
So far it looks like a trend is holding up. There was breakout. Will it hold is another question... The sharp drop was caused by sharp BTC rice. If everything holds the top would be roughly correlating with the XMRUSD analysis. The peak would be somewhere around 2025-2026.
✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)
Monero has been moving inverse to Bitcoin, the XMRBTC pair.
✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction.
✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse.
✔️ Now XRMBTC prepares to move up.
✔️ Now BTCUSD prepares to move down.
✔️ Monero was undergoing a...
◳◱ A Resistance Breakout has been identified on the $XMR / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.006806 | 0.007185 | 0.007824, and the major support zones can be found at 0.006167 | 0.005907 | 0.005268. Consider entering at the current price zone of...
![XMRBTC: [XMRBTC]](https://s3.tradingview.com/z/zeVzVGzs_mid.png "[XMRBTC]")
![XMRBTC: $XMR/#BTC [#Monero]: Resistance_Breakout](https://s3.tradingview.com/h/hONBQPIv_mid.png "$XMR/#BTC [#Monero]: Resistance_Breakout")
