Edit: same pattern showing up on ETH/BTC weekly and Waves/BTC Weekly. The end of the massive BTC over-performance vs ALT under-performance cycle thats been in place since june might be coming to an end soon.
we move stop to 0.0139. Target 1 set at 0.0182. You can unload 25-33% of position here. We are likely to get rejected by the 300 sma(Blue Line) right below it for the time being
alternative for USD variation stop can be moved up 106.00
we blown past target 1, with no signs of slowing down. Hence we do not take profits. StochRSI and MACD are running on full steam.
just now. Target 2 now in sight at .023. If we get rejected here we can take 33% of trade of the table. However we will watch price reaction
Target 2 in sight, Keep watch on price action. We can sell 25% of position if we place stoploss on 0.0191 if you feel nervous. .618 is strong reversal fib and we will need good momentum to break it.
Stop moved up to .159
We were strongly rejected by the .618. We will need lots of momentum to break this resistance. Expect further downside and bounce off hard support, in order to pick up momentum. We are still doing great USD wise 40% up or $35 per monero
we are in profit of 20% BTC wise, 30%usd wise . Average buy in price at 0.0125 or $86 USD. Hence we are not going to lose money on this trade. Stop loss can moved to 0.0130 for free trade and profit. Alternatively if you prefer USD alot of markets offer xmr/usd trades. We can set stop at $97 if that is preferred. Target 1 is 0.0182. We will take some profits there 25%-33%. Either we reach our target or get stopped out but still gain money. I expect turbulence around 0.0160 but do not get shaken out. Happy Trading