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RE: MONERO (XMR) Update: Head & Shoulders...Top or Bottom?
"The caveat to my bullish posts is that BTC topping needs to be watched closely!"
So BTC needs to go down for XMR to go up?
"The caveat to my bullish posts is that BTC topping needs to be watched closely!"
So BTC needs to go down for XMR to go up?
That's not what that means. It is warning that all BULL calls could be negated if BTC takes a plunge, which is expected sometime soon, check the BTC charts and analysis by @haejin for more info on that.
Have an exit strategy ready, pool your cash together and wait for the bottom to start buying back in.
That's how I read it too. ie. BTC's drop may cause uncertainty across all alt markets.
No, what I meant is that if BTC starts crashing, then everything will also and most likely negate my bullish calls on XMR and others.
Why?