Monero/Bitcoin - Potential Opportunity

29 thg 1, 2020

Monero ( XMR ) chart is showing great potential against Bitcoin in the short/mid term.

I love such charts when BTC goes sideways before its strong move.
Monero has recently broke 200 D MA to the upside, back tested as support, and currently trying to stabilize above it. If it succeeds to stay above 200 DMA in the next 10 days, then 50 & 200 D MA golden cross eventually will happen. If BTC keeps playing around for a couple of weeks, we may easily see a 27% gain from this pair in the short/mid term. Like every other Alt/Btc pair, timing is the key on this chart.
Just an idea. Trade safe. This is not a financial advise.

6 thg 2, 2020

Giao dịch được đóng thủ công

Closed the position probably a bit early with 14% profit in BTC. Nice returns in 7 days. Why i closed my XMR position so impatiently while the chart looks so bullish? I just noticed that the BTC.D chart shows the Bitcoin dominance is very close to the 50 Week MA which potentially can push the dominance up against Alt coins. I am also gradually decreasing low cap alt positions. If the BTC.D breaches down the 50WMA, ı will re-evaluate re-entering alt positions.