MONERO XMR/BTC trading idea 20.07.17
Steemians,
This can be an interesting medium to long term trade. but remember to trade at your own risk, and do your own research.
Place Buy orders of XMR :
- Price: around 0.015 BTC (as per the the Green box in the images below)
- Time: in the short term, coming days/weeks.
Place Sell orders of XMR :
- Price: around 0.023 BTC (as per the the Red box in the images below)
- Time: medium term (around September)
- Or hold for long term because 0.015 is a good entry imo.
Technical Analysis:
figure A: Shows the bigger picture, where we are coming from.
figure B and C: Is a Zoom, to better see the buying and selling levels. We can expect the downtrend to break soon, landing in that green box for a bounce.
If you have any questions or comments feel free to write me. Good luck! ;)
SPARTA!!!
Monero is a long term trade.. It is the escape token.
also as a trader .. monero doesn't really need much technical analysis as unlike many cryptocurrencies monero actually has a USE and will grow naturally. it is one of the most stable coins out there.
glad you found it though
Thanks for your interesting comment @autonomy117 . I do agree that XMR has a very stable growth. It can also react volatile inside this stable growth triangle.
Anyways, right now is a very good entry point for any term.
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STOPI hope people followed my advice :)
Nice post!!
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