Myriad is one of the underdog coins that I have been watching for a while. I think it shows some great potential. It is forming a big triangle on the daily chart which seems to Author: Rakimala. we have an obvious break upwards and now Monero sits back in what has been its most familiar trading channel for the last years or so, between and BTC. yellow trend lines indicate current and previous micro-trend support and resistance, while the 3 red lines represent the channel i mentioned in the previous sentence. the thinner green line is. BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the long term, the trend is upward, the correction has not yet been normal. The price can go up in the region of $ 29, to believe in growth.
Xmy btc tradingviewXMY/BTC % POTENTIAL PROFIT for BITTREX:XMYBTC by rakimala — TradingView
There is no need for me to make further comments at this time, as most of them were made on the chart. NOTE: If you had trouble reading explanation of the abbreviations in the top left hand corner, it can be seen much better in a repeat post of the chart Privacy will do well in the coming years. Looking to take profit around. Trading suggestion:. There is a possibility of temporary retracement to suggested support line 0.
Technical analysis:. Chart is looking good. XMR has been a slow and steady performer. Volume is rapidly increasing to new levels. See Chart. Keep an eye! Monero just hit fibo levels, above 50 ma, good entry point. XMR is about to break its moving average first time after six months.
If the price closes above the line there is no serious resistance until 0. Monero has been flying under the radar during the past weeks while other cryptos have been rallying like crazy. The fundamentals of this coin are very solid. And now I think we will be seeing a nice rise. Only BTC can prevent this with sharp drop or rise. So use stop-loss at all Videos only. Cleaver Privacy Index. Long on XMR. Merry Christmas! It's not a bad idea to have another window up with the 3h, 6h and 12h time frames as well.
What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line.
After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target. If we close above , we can expect This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts.
This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous Hi, Welcome to this analysis about Bitcoin, we are looking at the minute timeframe perspective.
Since Bitcoin formed this significant bull-trap yesterday after moving above the level and pulling back to previous zones with an emerging impulse it is forming an interesting formation now that will be the determining source within the upcoming times, BTC is facing resistance along the 0.
Bitcoin hitting top bolinger on 15 min. Also resistance level with many highs on 4hr. Take most of profits here. Most likely will decline back to 35 ema.