Monero / Bitcoin
Short
Zaktualizowano

XMR/BTC showing weakness?

1 429
Looks like it's due for a correction..
Uwaga
Next stop green line...and eventually red?
snapshot
Zlecenie zamknięto ręcznie
Decent trade, small profits, profits are profits. Closed for now, alts may do well in bitcoin weakness.

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Uwaga
Back out at again due to the failure to remain above the blue line horizontal resistance. Starting to look like a bear flag/pennant:
snapshot
While I'm bearish on bitcoin, alts in general may not due so well this time around, litecoin may steal their thunder.
Uwaga
Going back to the EW count in the beginning of the idea, I think this probably a more accurate count (1d chart zoomed in):
snapshot
Why? Well this recent rally up looks more like a corrective wave, tough to justify a 5 wave impulsive pattern there. So this would make more sense.
Uwaga
Broke key support on the daily (green line)...looks like she's heading downtown. Red line next stop: snapshot
Uwaga
Trade closed for now, great trade, caught pretty much the whole trend down. Breaking back above resistance now, finally some volume came. Downtrend probably still not over, so may look to short again later, we’ll see. snapshot
Zlecenie aktywne
Honey Badger is about to go wild, people are quitting their jobs to trade alts, noobs running wild. Short, will probably add more if we happen to go higher.

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Uwaga
Many getting bullish on xmr, but idk still seems bearish to me...
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Uwaga
Closed on the break of black trendline on the daily, small loss.
Uwaga
Sold again when it appeared horizontal resistance on the daily would not hold, seems like an alt coin apocolapse today snapshot
Uwaga
This seems like an a-b-c correction up on the daily...
snapshot
Uwaga
Heading downtown:
snapshot
Uwaga
Looks like support on the daily is holding, trade closed
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Uwaga
Sold again on the rejection of the .618 fib:
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Bitcoin about to go parabolic IMO, alts will not keep up. If we break back above the .618 then OKAY.
Uwaga
Such alt doom much wow, slammed down again to support, 1d rsi meeting big support line, will this hold? If not this is going way downtown stay tuned:
snapshot
Uwaga
snapshot
Uwaga
Looks like this is going to break soon and fall off a cliff:
snapshot
Uwaga
Broke down out of the descending triangle, and broke the .618 fib into the danger zone. Looks real ominous : )
Uwaga
Just adding this published chart:
Monero megaphone top?
Uwaga
This was a nice chart : )

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