XMR Chart and a bit on the ETH tiger

That took a bit longer time than expected to write an update on XMR.

We are, however, in a perfect position to write this update.

Just look at the chart:xmrbtcmiddletermThe author doesn’t like that the wave (ii) was so long where the wave (iv) is so short. But that is the only concern. The rest of the patter is a pretty nice 5 waves move. As we are now in the typical retracement zone, the chances are high that the trend up will continue soon.

As for ETH.. There were so many great news and product presentations here in Shanghai during the DevCon2 (and also during the Blockchain Week thereafter) so that the author is a bit influenced by this flow of information.

Normally, as you know, we do pay attention to the Elliott Waves and sentiment only. And the sentiment actually is pretty neutral or, let’s say, far from the level “we are going to the moon”. So, let us in the next update dive deeper into the ETH again.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
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Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

2 thoughts on “XMR Chart and a bit on the ETH tiger”

  1. As of today’s little XMR dump I am now flat, having exited the last of my short position for a nice little profit.

    Question now is: how low to place my stink bids to buy back into XMR on the long side?

    Like

    1. Good job, mate!
      For the long position we should identify the sentiment deep point. From Elliott Waves prospective we are fine and pattern allows the rise.

      May be you should join our slack. We could work out the sentiment for XMR there.

      Like

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