XMRBTC LOOKS LIKE IT'S MAKING A "MARK-UP" AFTER THE "THROWBACK"
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Again, most of my comments are on the Chart.
I understand this is XMRBTC and not XMRUSD. The reason I say, "I know..." is because BTCUSD is still very bullish. Which means, if XMRUSD and BTCUSD were to increase the same percentage point(s), we can expect XMRBTC to remain the same price to be collocated with their respective values in USD.
Is XMR a "buy" ? I believe so...
Our present move will not be considered a "Breakout" [In my opinion] until we break upwards of 0.01436438 [Marked by the PURPLE horizontal ray].
It's still pretty early to buy now, as I don't believe buying now is buying "high." You can buy now at 0.01167500 with a stop loss at 0.01127072. OR, if you believe it may make another test down to 0.01127072 to make your entry, your stop loss could be set for 0.01085293 BTC.
I understand this is XMRBTC and not XMRUSD. The reason I say, "I know..." is because BTCUSD is still very bullish. Which means, if XMRUSD and BTCUSD were to increase the same percentage point(s), we can expect XMRBTC to remain the same price to be collocated with their respective values in USD.
Is XMR a "buy" ? I believe so...
Our present move will not be considered a "Breakout" [In my opinion] until we break upwards of 0.01436438 [Marked by the PURPLE horizontal ray].
It's still pretty early to buy now, as I don't believe buying now is buying "high." You can buy now at 0.01167500 with a stop loss at 0.01127072. OR, if you believe it may make another test down to 0.01127072 to make your entry, your stop loss could be set for 0.01085293 BTC.
Nota
If this is a legitimate "Mark Up," I don't expect us to breakout up to the previous "overbought" breakout high. It may go up to around 0.01888411 before a small correction and RE-accumulation.Nota
It's going to take a few... But, I need to post several charts and it will take a few. No comments till I'm done posting.First this one:
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THIS IS A 2d (2 Day) Chart With Notes:
Penafian
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