XMR/ BTC Symmetry

7 Jan 2021

A very volatile market, one day you have BTC engulfing the market with dominance raising fastly, another day you have alts catching up while BTC is also raising. This parabolic, now vertical BTC rally would most likely end is tears when it corrects. Looking at the altcoins, I couldn't help but notice this XMR symmetry. Currently sitting at support from a long time before. An ABC deadly correction. If we take the impulse before the correction, it ends at a previous high zone. I would enter a position here in XMR even though privacy coins are under scrutiny.