Monero moon or doom

٣٠ أغسطس ٢٠١٧

it is funny to see that monero pumped like this in the same way like last year and it was also the same month.
both trades are interesting so choose your side wisely

٣٠ أغسطس ٢٠١٧

تم فتح الصفقة

i am entering long gradually in 5 positions sizes stop loss 0.025

١ سبتمبر ٢٠١٧

ملاحظة

closed my position with very little profit.

reasons:
1. first trend line broken
2. MACD bearish
3. Volume very low
4. Bitcoin is bullish

re-enter on strong channel bounce or other bullish signal.
XMR Fiat chart also does not look so good.
If the daily changes to green with good volume i might reenter

١ سبتمبر ٢٠١٧

ملاحظة

bounced near the channel
looks like sideways

breakout on xmr fiat might provide a valid bull signal - waiting for it

١ سبتمبر ٢٠١٧

ملاحظة

XMR channel bounce and supported on the fiat chart.
adding back a smaller position

٢ سبتمبر ٢٠١٧

ملاحظة

Monero looks like shit.
holding it till tomorrow maybe it will go at least sideways

٢ سبتمبر ٢٠١٧

ملاحظة

Monero FIAT bounced on the daily EMA.
There is at least a chance that it will consolidate for a further move up



the bearish waves are rather weak and typical for EW 4
You can see that the impulse is loosing strenght on the MACD

Total coin market cap decreased by -13 billion USD short term but i think this is the bottom

The Bitcoin panic dump was more or less random and was rejected by the Daily EMA

٣ سبتمبر ٢٠١٧

ملاحظة

Dumped to buy more ETC