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XMRBTC new bull cycle

bagofXMRの投稿

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Let's talk about Monero.

Technical bull signals:

6 weeks down trendline broken and retested.
Potential daily/4h reverse head and shoulders
Weekly cup and handle formation
1 year monthly heikin ashi trendline holding and green candles

Some charts:
Monthly heikin ashi trendline and EMA's support

Weekly cup and handle and EMA's support

4h potential head and shoulders **needs to break neckline to confirm**

Some bull fundamentals for the next few months that could push monero higher:

Android / iOS MyMonero (light) mobile wallets
Desktop Lightwallets (MyMonero for sure, probably Exodus as well depending on how well #3 goes)
MyMonero Backend open-sourced (so you can run your mobile app on your own infrastructure).
Multisig
Official Stable GUI desktop release.
Official Beta GUI iOS/Android release.
Range-proofs for RingCT (smaller tx sizes)
Kovri (alpha release at least, maybe even a beta)

Some external risks to this xmrbtc long:

High bitcoin lending fees in poloniex (currently over 0.1% daily)
BTCUSD breaking up the 3.5 years rising wedge

Entry price:
0.0155-0.016

Stop loss:
0.0145

Targets
0.0192
0.022
0.03
0.038

Leverage
x1.5

Good luck and trade safe.

ノート

USD outlook:

We have a bullish MACD cross and a 21,8 bullish MA cross
**Similar conditions to previous bull runs, as you can see in the monero/usdt long term trade in related ideas

ノート

I've spotted a nice three drives pattern in xmrbtc

ノート

Three drives pattern completed and target 2 reached

Im selling 25% on each target, so i already closed 50% of my position.
My final base price was ~0.0158
Im rebuying some bits at these prices (low 0.018) btw. Nothing relevant so i won't keep track of it, but it might help you if you are thinking to join this trade now ;)

ノート

Break out.

Bitcoin probably heading to a 100 usd correction back to low 1700's, might be the oportunity for xmr to shine and come back after these days of correction while btc going full retard breaking ath's everyday.

ノート

I'm slowly cashing out of polo. I don't have any justification, just a feeling, so i'll be closing this long as i need to (my withdrawals limits are small for my current holdings in poloniex, so it'll take over a week).
Besides i'm paying mad fees and they'll eventually eat my profits if it keeps stangnat.