XMRBTC NEW MARKETCYCLE
The Daily is looking good on XMRBTC, after months of decline all the way back to the 0.883 retracement level ,which we consider a completion of a market cycle, we observe a nice swing high back above the 55 Moving Average.
There is still a lack of volume compared to the previous kickoff observed last November which makes me think we could make a really big move up should the volume pick up here.
Even tho I am already Long (4HR Elephant Wave), I do expect some swings to come in, in a ranging pattern before breaking up.
See next chart for details
There is still a lack of volume compared to the previous kickoff observed last November which makes me think we could make a really big move up should the volume pick up here.
Even tho I am already Long (4HR Elephant Wave), I do expect some swings to come in, in a ranging pattern before breaking up.
See next chart for details
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