✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)

25 mar 2023

✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)

Monero has been moving inverse to Bitcoin, the XMRBTC pair.

✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction.
✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse.

✔️ Now XRMBTC prepares to move up.
✔️ Now BTCUSD prepares to move down.

✔️ Monero was undergoing a correction;
✔️ Bitcoin will undergo a correction.

That's the inverse relation.

We are likely to see XMRBTC do an upward ABC and then above 5-down wave.

And thus we are likely to see Bitcoin do an ABC down then the final fifth up-wave of a higher degree or a 5-up wave of the same degree we are looking at here.

I'll confess... I called my XMRBTC spot trade too early but nothing a short wait can't fix.

Note: The timing might be a bit off and the exact targets, the wave count is only for reference and illustration.

In a nutshell: XMRBTC is undergoing a Zig-zag correction and is now entering the B wave (5-3-5 | A-B-C).

Namaste.