The bitcoin correction now going through is a long term correction and it was bound to happen and dont panic guys as 80%-90% of it has happened. There are 2 big trend lines which are intact and best time to buy btc for a long term position.
Monero follows a simple pattern in a 1M timescale, next month we are seeing monero surpass $60+ and btc target would be 0.035-0.045
Everytime monero touches 200MA, it gets a huge pump, i think whales have already been triggered and they are getting in as they see. Buying time ;)
Monero seems to follow a trend in which it tests the 200MA (Moving Average) after it starts out for a new pump, the RSI & MACD also shows LONG options and hence it gives many traders the buy signal which becomes clear. The price targets for buying are :- a) 0.01270 b) 0.0135 c) 0.01400 I would buy a lot if price goes to 0.0127 and i bet it wont stay long at...
XMR seems to be following the 1Week Timescale and it shows that we are up for a pump to $35+ soon.
As highlighted in my indicator, we have bottomed succesfully at 0.0124 and we had a nice dip to 0.01205 and then a markup to 0.013 and beyond... I am in long term again and i dont see a retracement to 0.0105 or 0.0066 level, my next target is to 61.8 fib level (0.0166) level and then 0.0201 level which i see comming up in the next months for monero.
Monero breakout has happened and $10 resistance ha turned into support. s3.amazonaws.com
s3.amazonaws.com XMR has been playing around 0.011 and this time it looks quite bullish, we might see a pump to 0.014 levels soon. Watch out.
XMR is trying to break its resistance and it has resitace at 0.0107 and then if it breaksout to 0.01105 then a breakout may happen to try and break other resistance levels.
Weekly Candles have stopped making big wicks, we are up for a correction ? Jurik's RSI (smooth rsi) also shows overbought levels and after every bull phase, btc has correction so i guess we are going to go sideways and then a dump maybe and then form support and hit 6000 levels.
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