gillianpatrice

XMR/BTC- Fibonacci and Price action

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BITFINEX:XMRBTC   Monero / Bitcoin
When I look at a chart I think who are the people trading this pair? When I see moves that are somewhat predictable and perfect touches of fib levels that professional traders trade from I think this must be a good coin as people are trading this like pros.
I predicted the price action and we have met our first target the 161.8 of the previous swing. We then fibbed to 0.618 and previous resistance that become support (role reversal)and found Bulls and limit orders at that level(see the doji).
I have projected new targets from this price action and I forsee us heading up at least another 100%.If you missed this trade wait for resistance to be clearly broken either 0.0314. or 0.03514 and then a daily candle must close above these area's to take the trade.

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