XMRNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
XMRUSD trade ideas
Are you long or short on Monero?It depends.
Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on different assets they are interested in. Not FOMO. Keep money so if we go deeper, you deep more.
Monero long term is extremely bullish to me. A cup and handle pattern is forming and need to pay close attention to. It is a very powerful indicator when confirmed. I do think it would take time.
Sadly, the political sphere is making Monero and privacy more and more valuable. The potential of global CBDC roll-out, the crackdown on cryptos not only for the tax purpose but for ecological means or even ideology purpose is scary to some.
I argue that at some point, people will realise that they are increasingly getting restrain from different powerful entities and will be looking for alternative to this matter. I also think that Monero can survive a global delisting from major exchanges. This is because it might not be the mass, but too many care about privacy. The community can find alternatives to on-ramp and off-ramp. Anyone can rent a server or create its own to allow P2P trading platform. Too many will fight, and Monero will thrive no matter what. The offer and demand law will apply and the community will support the liquidity side by offering different means of exchanges that are not KYC etc.
I therefor expect Monero to rise in the long term because of all these factors and more.
Let me know in the comment below if you did DCA in an asset recently and which one.
XMR ShortI'm remaining in this nearly month-long trade as funding rates have been forgiving.
Refusing to TP on anything short of a 50% retrace as I remain bearish based upon larger wave structures.
NFA
XMR USDT one last pullbacki will enter an order for a short position on XMR at 158.5$ (current price 157.30$)
STOP LOS S if 4h candle closes above 160$ which is a 0.8% loss
the risk of 0.8% is minimal,so i will use 3x.max loss 2.4%
TAKE PROFIT will be 151.5$ which is 4.4% and 13.2% with leverage.
i believe that in the next couple of days some manipulation at the price of ptc will come and see 19150$ which
means that overextended alts will dip too.
if the order is not executed and the situation changes,i will update the idea here.
FOLLOW FOR MORE!
LARP Capital Investment Thesis: a market 'preference' for POWDid you know that Proof of Work is the innovation in cryptocurrency?! It would appear some may have forgotten that POW was the first (and only) *decentralized solution the double spend problem. We here at LARP are developing a thesis that POW gets it's groove back over the next 1-2 years and Litecoin and Monero will be two of the biggest benefactors of such. The chart above is calculating the (XMRUSD+LTCUSD)/ETHUSD
To be clear, of course nothing has changed with regard to our bearish stance on the entire crypto space. With that said, we believe the above chart will be a vewwy, vewwy intewesting juan to keep an eye on over the next 1-2 years.
As always, this or any past, present, or future LARPs brought to you by LC and/or the Juan Army are cErTaInLy nOt fInAnCiAl aDvIcE
Blessed be the fruit
-the beatiest juan
XMRUSD: some upside potential?A price action above 145.85 supports a bullish trend direction.
Crossing below this level will negate the positive stance.
Remains between its 200-day and 200-week simple moving average. The 200-week might act as major support, whereas the 200-day might act as major resistance.
Starting to retract from the lower range of the Bollinger Bands.
Remains a very risky speculative trade.
Monero Breaking Up (Ichimoku)As a followup to my Ethereum BITFINEX:ETHUSD post yesterday Monero BITFINEX:XMRUSD is likewise confirming an Ichimoku breakout on the Daily timeframe.
Monero is the third coin I watch most closely following Bitcoin and Ethereum. I believe that its use case (privacy) is one of the strongest reasons for cryptocurrency and the coin has been well established since 2014 and still under development. In marketplaces online where privacy is paramount they accept two currencies; Bitcoin and Monero, and Bitcoin's transaction costs are often far too high. Monero is the clear winner in this use case presently and likely into the future.
The YTD performance for 2022 of Monero has also outperformed both Ethereum and Bitcoin. So will investing in the two most popular currencies years ago would have yielded greater returns historically in recent history the winner has been Monero in terms of retaining its Store of Value.
Comparative values:
Monero Bitcoin BITFINEX:XMRBTC
Monero Ethereum BINANCE:XMRETH
[XMR] 15min Cup & HandlePattern about to complete.
Risk: XMRBTC at resistance, need break above to increase possibility for the USDT pair pattern to play out.
XmrusdObv would suggest up
Macro only
Privacy coins to perform well nxt cycle
Rich people in non nato countries will be wary from the russia asset seizing
Zcash gaining vs XmrPretty critical levels, this could play fast. Circulation numbers are about to turn in favor of Zcash. Tight stops. Good luck.
LARP Capital: Monero USD and The Baptism of FireMonthly chart says we are going to ATH's within the next 3-7 months (July Inclusive) and ultimately it suggests some beyond wild price targets.
3d chart provides much more detail (The Baptism of Fire):
We will be going over it all in the coming months. Especially the XMR/BTC Ratio. I wanted to create a separate published idea to update on Monero so this is where I will be doing that (I created the chart about POW a few months back involving both Litecoin and Monero (can see Linked in Related Ideas). Updates on Litecoin will be under the Magic Juan'ed Idea. The two new darlings of the space : )
Stay Tuned th-ick-ity, th-ick-ity, th-at's all folks
-the beatiest of all
Monero Price Analysis — August 1Monero appears to be on a bearish trajectory towards the upper $140.00 area as the crypto market took a break from its aggressive recovery from last week. XMR tapped a high of $166.90 last week, where the price came into contact with my long-term bullish channel, prompting a correction.
That said, the privacy blockchain cryptocurrency is locked on touching the $150.00 low in the coming days. On a larger time frame (daily stochastic indicator) the bearish correction seems warranted, considering the price has wandered too far into overbought conditions. Regardless, I do not see the ongoing bearish correction extending below the $146.00 mark, the projected base of my channel, before a bullish rebound kicks in.
Meanwhile, my resistance levels are at $160.00, $165.00, and $170.00, and my key support levels are at $150.00, $146.00, and $140.00.
Total Market Capitalization: $1.07 trillion
Monero Market Capitalization: $2.95 billion
Monero Dominance:0.27%
Market Rank: #26
Monero Cup and Handle 2022#Monero #XMR $XMR held the lower boundary of a 21-month rectangle (yellow) that will serve as the Handle for a massive C&H. The bull market has started. Prices head north. Target headed to $3,000+ over next couple of years
Hello, monerobrosThis is Ta based on
-Cycles
-history,
canals
-formations
fibonacciretracement and the potential what Monero can be get to.
XMR has made a solid break on the weekly XMR has made a solid break on the weekly and looks to add to the momentum coming off the bottom of this massive sell off. The setup is pretty much the same as with JASMY and XTZ. This setup is actually stronger though as it has a weekly high volume (144 period POC) node way above it. Price is attracted to volume more times than not; so this adds to the probabilities of the trade. I good spot to take out some gains is the weekly 21 SMA which currently sits around $180 (roughly +60%) but is declining so you will want to bring that in the longer it takes to get there.
XMRUSD IdeaFalling Wedge idea
The first falling wedge led to a breakout
Currently we are in a second falling wedge which may lead to another breakout, around the .786 Fibonacci level
