jariii

XMR/BTC following the fibs. Also macro bullish

Long
BINANCE:XMRBTC   None
I expect XMR/BTC to touch the 0.618 fib at 0.004678btc within a couple of hours from now before bouncing and making a new high in a couple of days max. On the macro scale (the 1w) we can see that the resistance of 2015/2016 has flipped to support in 2021. We also have a huge double bottom that formed during the year 2021 and now a strong bounce. On the daily we can see that it has tested the 200d MA and rejected it. A retrace was to be expected here, but follow this fib and buy pretty much anything under 0.0048btc. First real target is at $315, after that it gets crazy and the sky is the limit. However insane it sounds, we could even see XMR at 0.05btc within a year, which would bring it over $4000 if Bitcoin is above $80k by that time.
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