POLONIEX:XMRBTC   Monero / Bitcoin
77 0 3
Attempting to apply the methods taught in the above video, you can see that I can't apply step 2 where I need to retrace the previous high. Not sure exactly what that means, but perhaps it means that this isn't a true long position. Maybe some other methods can be applied to see where Monero is headed. According to the MACD , you can see the lines are starting to converge.

You can see that there was an expansion, which appears to be a bullish expansion just below where I've denoted 1B.

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