Updated

XMR/BTC big wave 5 on the way? update

Updating this chart from December, cleaned it up a bit and added the pitchfork.

3d chart...price at critical support, if it holds (I think it will) then I'm still looking for a huge move up for wave 5. If we start to close candles above 0.02 that will be the first confirmation...0.026xx will be the second. Beyond that and it means we are going much much higher IMO. Gluck.

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Weekly chart...would you short this? I sure wouldn't.

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Looks like we are about bust through the first key level of resistance at 0.02...the next two levels are even more important (0.024xx and then 0.027xx)...if and when we break through there it's pretty much blue skies IMO. Modified the pitchfork a tad to use candle closes at the top as the median line captures prior price action better.

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1h chart...just a guess of how things could play out.

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Perhaps something like this...

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3d chart...still expecting this to get going soon enough...if alts finally start to recover should be now : )

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forgot the chart lol

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Histogram purple line should really only catch the most recent 3 higher lows

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Potential inverse h + s in the works...capitulation finally reached?

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Market cycle complete?

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Could it be?

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Update. xmr/btc 3d line chart. Patience.

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It looks like waves 1 and 2 (of a greater wave 5) are likely complete. Wave 3 should take us into new ATH’s and will likely be the strongest wave.

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I'm thinking something like this, 1d chart:

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Update. Breaking the late August low means the count must be adjusted a tad as 2 can not go below 1, but it doesn't really change much in the grand scheme of things. Idea is the same.

ltc-joe

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XMR/BTC big wave 5 on the way?

by ltc-joe

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