We previously identified the re-accumulation range of XMR against BTC a few months ago. Now that the breakout has occurred, in a delayed manner than the rest of the cryptocurrency asset class, just like the last market cycle, can we expect the valuation of XMR to continue to gain on BTC? In this video we try to answer this question by simply taking a look at the last few weeks of data and projecting out a few different scenarios. Monero is often thought of as what Bitcoin was meant to be. We know that Bitcoin needs to hold the 20 week moving average for Monero to likely continue to do well, but what if we retest the 20 week MA? In this video, we discuss all of these possibilities. TA Video by Benjamin Cowen.
