XMR/BTC (weekly) Long
1) EMA 21 crossing EMA 55 and approaching EMA 100 on daily TF - early sign of an entry point
2) end of Great Consolidation (3 months) with establishing solid support at .0035 - trade invalidation level
3) rounding bottom (w/higher lows) after 2 selling attempts on high volume - 2nd entry signal and confirmation
4) PA at testing higher boundary of consolidation range at .0051-52 with a declining selling pressure and higher highs... - one more reason to jump on this train
Everything above gives us an idea of a good long-term "stacking sats" trade:
Entry zone - 0.00455-475 (+ good to see some PA-signs EMA 100 indicating exhausted selling)
TP 1 - .0108 btc
Target - .027-30 btc
Stop - .0035
R/R - 6:1
Duration: 4-8 months
btw, LTC/BTC is catching up: the same train but another wagon
2) end of Great Consolidation (3 months) with establishing solid support at .0035 - trade invalidation level
3) rounding bottom (w/higher lows) after 2 selling attempts on high volume - 2nd entry signal and confirmation
4) PA at testing higher boundary of consolidation range at .0051-52 with a declining selling pressure and higher highs... - one more reason to jump on this train
Everything above gives us an idea of a good long-term "stacking sats" trade:
Entry zone - 0.00455-475 (+ good to see some PA-signs EMA 100 indicating exhausted selling)
TP 1 - .0108 btc
Target - .027-30 btc
Stop - .0035
R/R - 6:1
Duration: 4-8 months
btw, LTC/BTC is catching up: the same train but another wagon
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