XMR as a business case for parabolic breakdown

BITFINEX:XMRUSD   Monero / U.S. Dollar
Just looking at where I would close a short if i went short Monero here. Why monero? Because you can short it on kraken, in 'real' Dollars. No tether.


Log scale! Trendlines! Fib's on the short timeframe!





There are some squares to show you congruent shapes occuring.

We see the first wedge seemingly continuing the parabolic curve growth pattern, and it's followed by a shape similar to what we see now.
It will do a quick bounce off the parabolic advance line, then retest it and fail, fall hard to the next fib, bounce, fall harder down to the next trendline and rally from there.

With a neat little scribble of what I'm wagering it will look like when it happens, just like it did before.

Or I'm wrong in which case 1) the first parabolic trendline is simply going to hold.

or 2) the second parabolic advance line won't hold either, and we're looking at 3k bitcoin .

Oh, sorry, did I spoil the ending?

Doing monero because i have too many preconceived notions about what bitcoin can and cannot do at this point in time. Besides, monero is more volatile.

Good luck everyone. Try to keep some fiat handy.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out