Being careful with XMR

29 בנוב׳ 2016

The expanding wedge often returns to the base, which would break the trendline, and likely force a descent to the lower support level and trendline for accumulation following btc type profile. Fundamentally XMR is probably the strongest altcoin, but with bullish BTC, many traders needed for growth are not there.

30 בנוב׳ 2016

הערה

After breakdown, high volume came in and moved it in one motion above the support. Seems like there's a strong pump team keeping the price up, perhaps the old plunge protection from eth found new home?

30 בנוב׳ 2016

הערה

Monero being added to bfx with usd pair seems to be the bullish news used for the pump. Something about opening it up to China as well. I think this would be a level by level play. long above a level, short or not below a level, good R/R all around. I still worry about this being sustainable, so I'm not taking any large positions. I want to see it flag here and move away from floor some.