Monero Divergences Long

Monero / BitcoinPoloniex

Description

⋅ Feb 8, 2017 6:22 PM

Monero has signaled mid term trends in the 4h chart with clear divergences.
Now we are dealing with a new one, just confirmed in the RSI too.
So probable we are ready to a new pump to the next resistance 0.0193 or 22 usd.

Some videos about monero worth seeing:
Fluffypony talk at coinbase headquarters
youtube.com/watch?v=pTgadb7M47E
Fluffypony speech at the North America Bitcoin Conference
youtube.com/watch?v=OgXJr1OOi0Y&feature=youtu.be

Comment

⋅ Feb 8, 2017 6:39 PM

Entry point: 0.012
TARGETS: 0.016 50% and 0.019 50%
Margin: x1.5
% of TRADING portfolio: 15%

This is a brand new trade, and my core long from 0.006 is still ongoing, you can follow this trade in this chart idea

Comment

⋅ Feb 8, 2017 6:43 PM

I forgot. Stop loss at 0.0117.
If it breaks that level i'll be reopening this long in 0.0113 and 0.0101.

Comment

⋅ Feb 15, 2017 12:29 PM

It took longer than expected but it finally is playing out.
Moved SL to Break Even (0.012).

Comment

⋅ Feb 15, 2017 10:20 PM

ready to break out? we'll see soon.

Comment

⋅ Feb 17, 2017 7:53 PM

I might close this trade in the following days, as i would like to reallocate this collateral to make a bigger trade in a different market.

Trade closed manually

⋅ Feb 21, 2017 10:03 PM

Comment

⋅ Mar 17, 2017 5:54 PM

This trade provided was closed at BEP after all fees.
So 0% net profit.

Comments

CoinDreamer

⋅ Feb 8, 2017 7:14 PM

Isn't risky to open a long when btc going up again?

TahirKhan2a

⋅ Feb 8, 2017 11:42 PM

@CoinDreamer, Nope as XMR has rallied when btc is also rallying before.