Here is my longer term outlook for Monero. I don't believe XMR will trump the Bitcoin Bear influences. It will most likely follow a similar path of correction. The green Wave 1 is complete and it was composed of five waves 1,2,3,4,5 (white). The fifth wave was subdivided by waves i,ii,iii,iv and v (white). So, with every five waves, there is a three wave retracement. That retrace is currently in play as A,B,C (red) waves. I've labeled waves A and B (red) as being complete and in place. So that leaves wave C (red) and once this is completed, it will also mark Wave 2 (green).  What will be most exciting is the Wave 3 (green). That will take Monero to never seen all time new highs. The bottom of Wave 2 (green) will probably correlate with the bottom of Wave IV of Bitcoin. Clearly, exciting times are ahead for XMR!
![](https://steemitimages.com/DQmcr7kZ3PYHY7uf6zNUBsiJ8WpWj7Hos8sV1oEsgAP9Xaz/image.png)




![](https://steemitimages.com/DQmdW3JJWrgFJm92xvjP4s52cqV6F9aV8P68w7RuDPbknZQ/image.png)
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.