daehbew

daehbew

Yeah you probably can short XMR in the minutes, or hours; no question about it. But if you're long on Monero I think this chart speaks volumes with the very wide bollinger bands and huge MACD divergence.

daehbew

tail is down, foot lifting up, horns are pointed to the upper right. clear sign of a bullish trend

daehbew

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...

daehbew

or if you don't think this is an accurate representation, I'm not too familiar with the pattern myself.

daehbew

FCT appears to be on an uptrend at moment

daehbew

just noticing things with different views, 120m here

daehbew

Appears to be on a downtrend at the moment, not too sure where the bottom is but I'm thinking it will retrace to 0.01 briefly before climing again.

daehbew

Attempting to apply the methods taught in the above video, you can see that I can't apply step 2 where I need to retrace the previous high. Not sure exactly what that means, but perhaps it means that this isn't a true long position. Maybe some other methods can be applied to see where Monero is headed. According to the MACD, you can see the lines are starting to...

daehbew

Bears have had their fun. Now they are giving up... aroon says downtrend is getting weaker. rsi says that we've gone oversold and now came back up into the pink, signals we will change direction now because we crossed into the pink area from the outside. the sar is done ready to put crosses on the bottom candles have gone out out bollinger and are now running...

daehbew

~pikachu

daehbew

any thoughts?

daehbew

I'm noob so, looking for support if this is legit..

daehbew

Just observing

daehbew

appears to be in an uptrend, this slight down is just consolidation

daehbew

upcoming over next 4h+

daehbew

my understanding