cyatophilum

It Is That Time Of The Year Again For XMR/BTC (MONERO)

BITFINEX:XMRBTC   Monero / Bitcoin
Hello, in this post I will share boh my Analysis and Strategy on XMR/ BTC (Monero).


Monero is the top 13 coins in terms of marketcap, used to be in the top 8, lost 90% in value since last ATH, and is I believe undervalued right now.

This said Monero's price is indexed on Bitcoin , and tends to behave nicely when Bitcoin shows some green. So this might be wise to wait a little before entering a position on XMR.
Here is my latest analysis on Bitcoin , that I will keep updated.


I was looking for a coin to trade with my Automated Strategy on Binance, and Monero looks like having a huge space for a move up. Indeed I prefer to not use leverage or short for now, since I'm not an expert, so I use a simple Buy and Sell Strategy.
I backtested my Strategy Crypto Trader 1H ( results below ) and found a configuration for my bot. The idea is to outperform Buy & Hold ( grey line). Next signal will be a Buy, I will keep you updated.

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