Long
XMRBTC Finally going to make some NOISE
Just want to start off and say thank you for taking the time to read my post.
XMR/BTC
My interest lately has been on Monero (XMR). Throughout this mini "alt szn" Monero has held pretty quiet, all while loading into a pattern. After looking more into it, Monero is setting up the same candlestick format as its local bottom back in August of 2018. This move back in 18 had monero on a +30% decline into a triangle, where it would explode out to post a 47% gain. It blew off steam at the .65 fib extension (my preference to use over the .618 fib) which is where it was met with a correction. This time around we are also on a +30% decline into our triangle, however I'm eyeing a smaller jump than before. My trade setup R:R is 5.7 (4.3%--->24.6%).
I hope I was able to elaborate my plan and reasoning behind this next move, good luck!
XMR/BTC
My interest lately has been on Monero (XMR). Throughout this mini "alt szn" Monero has held pretty quiet, all while loading into a pattern. After looking more into it, Monero is setting up the same candlestick format as its local bottom back in August of 2018. This move back in 18 had monero on a +30% decline into a triangle, where it would explode out to post a 47% gain. It blew off steam at the .65 fib extension (my preference to use over the .618 fib) which is where it was met with a correction. This time around we are also on a +30% decline into our triangle, however I'm eyeing a smaller jump than before. My trade setup R:R is 5.7 (4.3%--->24.6%).
I hope I was able to elaborate my plan and reasoning behind this next move, good luck!
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