✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)
✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)
Monero has been moving inverse to Bitcoin, the XMRBTC pair.
✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction.
✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse.
✔️ Now XRMBTC prepares to move up.
✔️ Now BTCUSD prepares to move down.
✔️ Monero was undergoing a correction;
✔️ Bitcoin will undergo a correction.
That's the inverse relation.
We are likely to see XMRBTC do an upward ABC and then above 5-down wave.
And thus we are likely to see Bitcoin do an ABC down then the final fifth up-wave of a higher degree or a 5-up wave of the same degree we are looking at here.
I'll confess... I called my XMRBTC spot trade too early but nothing a short wait can't fix.
Note: The timing might be a bit off and the exact targets, the wave count is only for reference and illustration.
In a nutshell: XMRBTC is undergoing a Zig-zag correction and is now entering the B wave (5-3-5 | A-B-C).
Namaste.
Monero has been moving inverse to Bitcoin, the XMRBTC pair.
✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction.
✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse.
✔️ Now XRMBTC prepares to move up.
✔️ Now BTCUSD prepares to move down.
✔️ Monero was undergoing a correction;
✔️ Bitcoin will undergo a correction.
That's the inverse relation.
We are likely to see XMRBTC do an upward ABC and then above 5-down wave.
And thus we are likely to see Bitcoin do an ABC down then the final fifth up-wave of a higher degree or a 5-up wave of the same degree we are looking at here.
I'll confess... I called my XMRBTC spot trade too early but nothing a short wait can't fix.
Note: The timing might be a bit off and the exact targets, the wave count is only for reference and illustration.
In a nutshell: XMRBTC is undergoing a Zig-zag correction and is now entering the B wave (5-3-5 | A-B-C).
Namaste.
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