Monero probably ended correction from last bull cycle and is ready to rumble. If it breaks downtrend resistation, long term targets are around 0,1 /btc, what could be pretty nice profit also in dollars. Formation is beautifull, so keep hodl or buy now and keep your monero safe, because it will have huge value. Privacy will get attention and Monero is king of it.
Based on previously cycle with 5 waves to 2.618 extension. Now it could be more aggressive because of big threat - hyperinflation. Target is 2.618 fibonacci extension, what was top for previously cycle. Still time to jump in and hedge you portfolio with physicall gold.
When you compare bitcoin growth in 2019 in green elipse it is almost identical with the second growth in another green elipse. Rapid growth is very often followed by a sharp fall. Just be careful.
On weekly chart you can see big reverse candle of wave B so according Fibonacci one to one extension i set target around 120$. Another levels are for catching orders on support areas. Also target 120$ is Fibonacci retracement 0.61 area so it is very strong golden ratio.
Finally something big is coming up and it is a short opportunity for BTC. As you can see there is huge bearish divergence on RSI, bearish divergence on MACD, all on daily chart, what did not happened for very long time. Everybody is bullish on social media, red laser eyes and another shits but BTC need correction and it is irreversible and necessary. My targets...
I was just playing with lines. We will see what really happens.
I was just playing with lines...we will see what really happens.