mattkon

Monero: Bounce at .014BTC, target .02BTC

BITFINEX:XMRBTC   Monero / Bitcoin
Monero is crazy. But it's also one of the few cryptos that people actually buy stuff with, and being ~#13 on the market cap, it's fundamentally one of the better cryptos to invest in. (If that's your thing). Reading the Monero chart is difficult, because its extremely volatile, even for a cryptocurrency, and it doesn't follow Fibonacci levels, which kind of makes sense because the people who use Monero are on drugs. However, several patterns do emerge: 1) A
tendency to double bottom, 2) A general uptrend against Bitcoin, and 3) Huge profit potential.

I'm looking for a bounce at .014 up to .02, and what happens after that depends on the crypto market as a whole.

What do you think of XMR? Share your ideas below.

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