XMR/BTC big wave 5 on the way? for POLONIEX:XMRBTC by ltc-joe

XMR/BTC big wave 5 on the way?

Over a year consolidating in an what I would say is a an abcde triangle for wave 4...hmmm...big wave 5 on the way?

Note

Hoping to see a bullish golden cross on the daily chart within the next week or so. Things should really get going after that.

Note

1h squeeze?

Note

Aaaand there's the golden cross!

Note

How i'm looking at the count right now (4h chart)...I think we either just finished the 2nd wave of 5 and are about to start the 1st wave up of a big third wave....or we have already started the 1st wave up of a big third wave. Its very confusing I know...if you don't get it just go with it for now : )

Note

Think this makes the most sense

Note

If this is correct we are preparing for a BIG move up : )

Note

Yep 1-2 1-2 1-2 should get a 3-4-5 3-4-5 3-4-5

Note

Revised count (wave 2 took longer in all the crypto carnage)

Note

Perhaps one more dip here before lift off?

Note

Could that be it?

Note

Pop! When we break the dotted trendline this should get going...

Note

As I pointed out on twitter...1d bbands coming in (and 3d as well)

Note

breaking this level now...looks like we are going to .026, probably .023 before higher

Note

If the 50 ma (around .026) does not hold (decent chance) then we should go to the green box (the bottom of which is also the 50 MA on the weekly chart)

Note

Taking into account ugly candles that are about to close on the daily/3d most likely scenario in my mind is we will reach the green box (50 day ma likely will not hold).

Note

Also this looks like an expanded flat correction to me:

Note

Hmmmm some looks like a bounce is coming...could be all, but what scares me is this so keep it in mind:

Note

Wow great 4h candle. Decent chance we have seen the worst, but until we get back above wave 1 still a chance at new lows (we never touched the 200 MA on the daily)

Note

Bearish divergence on 4h stoch rsi...hmmm could be time for that next leg down if the daily candle gets rekt

Note

Hmmm that could be all the down we get for now...something to consider though is that was all wave 3. Until we get back above .029 or so be ready for another leg down. Gluck!

Note

Looks like bounce complete and we're ready for last leg down:

Note

daily on the left 4h on the right:

Note

actually its the *6h chart on the left sorry

Note

Finishing up wave 4 of c?

Note

12h chart...looks like a clear bear flag to me which would give even more confirmation to my wave 4 count if we break down here. Initially my targets were int he low .02xxs as mentioned and shown, but considering the length of the pole we now have a lower target (shown with green box). This area is a huge confluence of support... the .786 fib/ascending triangle trendline/1.272/382 fib extensions of the last leg up.

Note

hmmm maybe i was wrong. If we start closing candles above .03 we have probably seen the worst.

Note

I think its safe to say we have seen the worst, while it could just go straight to the moon more likely we'll get real nice pull back either soon or around ATH's since things are a bit overextended. Just something to be aware of. Maybe it will be once bitcoin gets going and XMR meets resistance in the low 300s? We'll see. Nonetheless the big picture is still fully in tact, big potential here.

Note

Looks like the correction has begun…if really is first wave up this can correct as far as 50-78% and still be valid. 1h chart:

Note

While this is what i'm expecting if we do break above the red dotted line, then .03 it's possible she is already ready to go. Gluck.

Note

Kissed the .786 could bounce here...

Note

Looking great, lots of bullish signs here:

Note

Went a bit lower...that's okay. Good time to buy more and improve your cost basis. Pretty much will stay bullish until/unless it looks like we will close a daily candle beneath 0.0235-.024.

Note

Seems like it's now or never...I think now.

Note

Please sir pamp it for mi familia

Note

Zooming back out...

This is what i'm expecting if break ATH's. While it's is very optimistic it makes sense to me...the price spent *over a year* preparing for a big move. Do you bullieve?

Note

slight change in the count (pragmatically makes no difference)

Note

Bull divs errywhere on the daily...shoudl bounce hard if its going to get going

Note

ledger nano support...
twitter.com/fluffypony/status/999531669097975808

Note

6h USD chart...beautiful head and shoulders pattern says we are ready to go

Note

Welp, lower lower lower LOL...hang in there guys, the correction is near complete if not already complete IMO. If you want to have a laugh go back and look at my ltc charts from years ago, I was the biggest moron on the planet until I wasn't lol. Of course it's possible I could be wrong and the price could go much much lower, if we start closing candles below .015 I will probably throw in the towel on this one but I really don't think that's going to happen. Good luck and remember never risk more than you can afford to lose.

Note

Forgot the X and Y labels:

Note

Looking good, should at least bounce here and *potentially the bottom is in.

ltc-joe

Related publications

Monero bullish ascending triangle break

by ltc-joe

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.