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Bixley
Dec 12, 2021 11:22 AM

XMRBTC Repeating Bottom Formation 

Description

Repetition of this same double bottom formation can be seen (arrows)
As price has moved out of 2.618 currently this can spur major price growth, as price is 'free' from the last fib area
This is also demonstrated with .382 acting previously as a resistance, which has turned support
XMR has the potential to act extremely bullishly
Comments
TraderT33
Nice chart. Where could I find information about these fib-circles and how to place them on the chart?

Concerning xmr, really doesn't 'feel' like it has that potential... I hope so though, XMR is such an awesome project, it deserves better than barely being in top 50.

all the best!
Bixley
TraderT33
@Bixley, nice, thanks!
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