This tattoo was inspired by alchemy- it is the elemental alchemy symbol for copper and also the planetary symbol for Venus. As such, this symbol embodies such characteristics as love, balance, feminine beauty, and artistic creativity.
Theese are NOT viking runes. They are an older Rune alphabet, from around year 500 and earlier. They are called the elder futhark. The viking Rune alphabets have usually only 16 runes and there are several different alphabets from that time.