Coinstreet
Long

XMRBTC NEW MARKETCYCLE

POLONIEX:XMRBTC   Monero / Bitcoin
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

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