XMR/BTC - Roaring 20's Five Wave Impulse
Potential uptrend beginning versus Bitcoin.
If you are looking to add a position, I'd personally wave until this wave 1-2 completes so you aren't buying during green candles (i.e. Exposure to higher levels of risk).
I don't know if Monero will make a higher high this cycle versus Bitcoin, but if it did, I'd look at the 1.618+ Fib Levels as potential tops for the 5th-Wave. We've seen Monero make a higher low on higher timeframes versus Bitcoin. Time will tell whether its a higher high this cycle.
If you are looking to add a position, I'd personally wave until this wave 1-2 completes so you aren't buying during green candles (i.e. Exposure to higher levels of risk).
I don't know if Monero will make a higher high this cycle versus Bitcoin, but if it did, I'd look at the 1.618+ Fib Levels as potential tops for the 5th-Wave. We've seen Monero make a higher low on higher timeframes versus Bitcoin. Time will tell whether its a higher high this cycle.
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