this is XMRBTC chart. i can first add as a basis that i am bullish on btc.
So that means that this chart is more bullish than it looks, since i believe it will 2x vs btc.
this chart is for 2021 so far.
-now bouncing on the 618
-curving slightly upwards
--- many other coins with similar patterns have just...
looks like its doing some cup and handle stuff, some W stuff, and just now at a major resistance. Once this resistance gets broken, i think we will have a very quick 2x to 0.040
by the end of this crypto bull market, i think we can see 0.1
i have been seriously wrong before XD
im not buying right now into resistance.
But im watching this closely, because this can explode to.. even 10 dollars
if we get a retrace to near the lower blue line im buying. if we break the line, and get a retrace bounce - im buying.
this all depends on how btc resolves the 46k area.
second target, mortgage the house !
Bitcoin is soon done wtih its several month vacation. Alt season will take a vacation.
BTC dominance is soon done with its ABC
this is not short term advice, this is 5 month advice. BUY AND HOBL !
this is SPX / Money supply
interesting points where this line is, right ?
based on the sickest stock run , housing market and money printing AFTER and while covid hit us... I do believe the exact opposite will hit us when covid is "over".
Money printing will slow down, stimulus is in the past. "realities " will hit us.
it wont go as...
lets look for entries and keep an eye on the fractal from "early" bull run 2017 ( June )
I remember that bull run in may-june 2017, thats when I got into crypto in the first place. This one reminds me of it
As in this photo, this was only the start.. BTC actually did an 8x after this, in just the next 6months
Wow, congrats GRT, what a start !
Now, there are bearish cases as well of course, here I will just discuss the possible bullish case.
All the fibs on this chart is just from the first little 12345 wave up. As we see, they have played a major role.
As for Elliot wave, i can find 12345, with a possible 12345 extended wave in the wave 5. Then we can find an ABC...
xrp fans or not, does this looks like a VU Adan and Eve pattern ?
Keep in mind it is flipped up side down, so if this looks bullish, its really actually bearish
* I suspect this pattern is more accurate in normal flipped charts
Bitcoin had almost forgotten the feeling of sunlight on its scaly coiny skin.
in desperation and loneliness Bitcoin had started coughing *GOLLUM* *BITCASH* *BSV* to try to ease the pain of being hated and alone
Now Bitcoin wants go get back to life
Bitcoin wants to pay all the nice investors to become bitcoins friends.
good times !
If we look at btc 2017 early bullrun phase, we had a lot of rips up, then a brief pullback to eiher 0,50 or 0,618 before a new rip up. and repeat. and then repeat. no real 12345, more like 12345678910111213141516
I have been waiting for this pattern for a while. By no means certain we are here now, its just a possibility