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Will a historical pattern once again offer support for XMR?
$BITTREX:XMRBTC finds itself in a similar spot as the last few times it found a bottom (see clouds).
$BITTREX:XMRBTC very rarely makes it to a completed "TD Buy Set UP" for the weekly time frame. In fact, it has historically bottomed in week 7 (which we're in currently) just as it makes a bearish fall beneath the 50MA.
The last 2 weekly 7s (had you bought the bottom) returned 200% and 250% respectively from top to bottom.
Below is a snapshot of the same chart for daily time frame. If you look closely...you'll see that each of the clouds (weekly 6/7 bottoms) contain completed daily TDBuy Set Ups. What did Monero just complete a couple days ago? A TDBuy Set Up.
tradethe9s.com
$BITTREX:XMRBTC very rarely makes it to a completed "TD Buy Set UP" for the weekly time frame. In fact, it has historically bottomed in week 7 (which we're in currently) just as it makes a bearish fall beneath the 50MA.
The last 2 weekly 7s (had you bought the bottom) returned 200% and 250% respectively from top to bottom.
Below is a snapshot of the same chart for daily time frame. If you look closely...you'll see that each of the clouds (weekly 6/7 bottoms) contain completed daily TDBuy Set Ups. What did Monero just complete a couple days ago? A TDBuy Set Up.
tradethe9s.com
ノート
Made slightly lower lows this week (week 8 of 9 in TD Buy Set Up).Good news:
The TD Buy set Up on weekly chart is now "perfected".
XMR holding up against BTC better than almost all other alts.
Bad news:
BTC chart looking not so good. :[
ノート
トレード稼働中
Monero has been one of the strongest alts since this post(people likely seeking refuge in the most stable of coins in this current Bear)
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。