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XMRBTC trade ideas

XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event. A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace. This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048. Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
Long
by chickenboye
Top pick 2/3 - XMRThe reasons because I took a decent position in Monero are the following: 1 never before in history has privacy been under attack globally 2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o) 3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable 4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it 5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly. (since my last post a month ago XMR is already up 50 USD (or 30%). MACD is turning positive on the monthly time frame. Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side. MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance). The pattern is very similar... ...and if history rhymes this should meen a 11 x against Bitcoin alone. That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.
Long
by Dangermousebanana
🔥 XMR/BTC Broke Out Of 4-Year Bear TrendSince topping during the heights of the previous bull-cycle, XMR has been losing most of its value against Bitcoin. During this down trend, the dotted purple trend line has been respected. However, XMR/BTC has recently broken out of said bearish trend. Since XMR is one of the few untraceable cryptos, one could guess that this has something to do with the Russian invasion into Ukraine and the imposed sanctions on Russian individuals. Keep in mind that this is just speculation. Break out like these do often carry some weight with them, so I'm assuming that XMR will continue to gain value against BTC. Only thing that can take us down again would be a further sell-off of BTC. For now, targets are placed at recent tops, see the blue lines. Happy trading!
XLong
by FieryTrading
5
$XMR XMR/BTC Time to finally say "GM" to the Sweet Prince?I absolutely love everything about Monero. The absolute, undisputed king of privacy coins, the untraceable, fungible supermoney to back Bitcoin. A dead God once told me that Monero is what Bitcoin should've been. Together they (us) will win. Monero is money Bitcoin is gold With that psychotic rant out of the way, Monero looks like it is primed for pumpin g. This is a retest of 20 October 2021 micro bottom, January-April 2021 cycle bottom, and eternal resistance of the early years 2014-2016 for resistance/support switch. Possibility of higher low forming on the weekly. XMR/USD has tapped ath, now crawling back. Normie catapults on. Word of warning: Monero can be paper traded on exchanges at will. Should the eternal R/S fail, bail. Also, Monero is hated by the governments as it represent freedom from authoritarian control. -DDD
Long
by DeadDragonsDream
1
XMR - Monero / BTC Showing Signs of Life - Part 4Monday 11th April 2022 Welcome privacy advocates. Monero Champions It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price. On the 2 day chart we are at a green TD 8 count. We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7 7 and 8 wicked up to just below the 1.272 fib extension of 0.005814 With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension All MA's are below the price now, 33, 88 and 147 day. Tenkin is still above Kenjun line Price is well above the Tenkin line Volume is looking good. The top of the Ichimoku Cloud is sitting at 0.004958 33 and 88 day MA's are curling up into the cloud If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913 Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC. Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384. On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061 Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply. There will more than likely be a pullback between current price of 0.005700 and 0.0061 Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
X
by kryptologic
XMR - Monero / BTC Showing Signs of Life - Part 3Friday 8th April 2022 Monertopia kicks off this week Monero has been moving higher Monero punched through the Upper Orange Bollinger Band, last month on the 7th. She has broken out of the yellow triangle I drew, on a strong looking TD 7 green candle. But previous to that, she has not gone passed it since 19th April to 20th May 2021, 1 year ago. The most recent high's of 0.005398 in 17th January 2022. This will act as resistance, which I have drawn as the solid red line, as well as the TD resistance pink dots just above at 0.006218 If we can surpass to most recent high of 0.005398, and close above, this will be a strong sign for Monero going forward in my opinion. On the weekly, we should have another two weeks of upward price action if the TD count is to be perfected. MACD has been bright green for 4 weeks Money flow is still rising green, but has not crossed the zero line as yet, sitting at -0.091221 Volume and Price Oscillator is not overcooked yet, still in the light orange zone, when it hits the dark orange zone, it will be time to get cautious and take some profits. Let's see if the indicator triggers a sell signal Let's see where it goes you privacy freaks! Giddy up!
X
by kryptologic