The recent crypto melt down has not changed my call on Monero relative to BTC. I have been shaken out of my position and I already regret it. The long term outperformance of XMR relative to bitcoin is still valid. The downturn only provided a strong backtest of the breakout. PRESENTLY THIS IS A NO BRAINER !
XMR has violated support on the 185 - 189 USD level. However it reclamed that level very rapidely. MONERO has formed a beautiful cup & handle pattern on the USD pair. Difficult to be bearish - despite present market conditions.
I have never been a great believer in this project ! Perhaps because of ignorance ... What I do know is that TRX has been in a bear market against Bitcoin and is about to break out from a monster symmetrical triangle !!! The implications of this would be huge ! Not only for Tron but also Bitcoin and the digital asset space as a whole ! That is why I stubbornely...
This is my first post after the FOMC meeting (that could indeed be very meeningful for the digital asset sector - time will tell). ----------------------------------------------------------------------------------------------------------------------------------------------------------- I have already posted many times and explained why I was bullish on BSV. I...
The reasons because I took a decent position in Monero are the following: 1 never before in history has privacy been under attack globally 2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o) 3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable 4 xmr has been...
Why I went in heavy on XDC: 1 Uphold recently announced they would add XDC to their platform 2 Stong marketing action behind the coin (national sports team) 3 It is an ISO 20022 coin 3 Technical analysis is showing strong set up 4 Very much undervalued coin (still small 800 million market cap) 5 Supported by the World Trade Organisation who are backing this...
Bitcoin dominance is in a descending triangle for 12 months now. It has touched the base three times now. In most of the cases the breakout is bearish. The PO of such pattern would be a dominance at around 25 - 27 %. Do not discount an Altseason yet.
Do not miss out on this opportunity ! XVX just touched the ark and is rebounding. If we get an Altcoin rally (which I firmly believe - despite all the bearishness in the space) this will be a 10 x just to reclaim ATH. Long term I expect much more from this hidden gem !!
VXV is an institutional DATA processing service. It has great partnerships like Microsoft, CERN, Morningstar and S&P500. This is their mission stated on their website: "The Next Big Breakthrough in AI Will Be Around Language" - Harvard Business Review While data might be the new oil, the dataset is the refined gasoline that powers every Machine Learning (ML)...
BSV is one of the only (if not THE only) blockchains in the world with a globally scalable technology ! BSV has more than 1000 devs working on it. BSV has a working product that attracts multiple businesses. Some people state that BSV is the real Bitcoin (though the opinion is very unpopular to say the least). ON A TECHNICAL SIDE BSV TOKEN IS VERY ATTRACTIVE...
Price seems to find a support at around five and a half cents (which was the all time low). There is a strong positive divergeance on the RSI relative to the price: price has been declining, RSI is clearly on the rise. Historic volatility is very low at the moment. There is a volatility funnel that must resolve: my bet is clearly to the upside. This is a very...
Monero is not the only privacy coin that is set for a break out ! ARRR Pirate Chain Token has formed an inverse H & S formation with neckline around 1.40 USD. Volume seams to be supporting the break out. This is still a small cap with 250 million USD capitalisation. So things could heat up quickly after closing above the neckline. Not financial advise.... but I am in.
MONERO has been in a bear market for a long time against Bitcoin ! This is about to change soon. I noticed a fractal that points to the last great bull market in 2015 - 2018. At that time XMR made a 900 X move. Will history repeat ? Not sure but set up looks quite similar..... MONERO in the four five digits XX'XXX is not out of reach !!
Break-down. Back-test. Sinking like a rock ! Please prove me I am wrong !! I am a perma bull !!
Even if on the BTC pair it is looking quite bullish, It looks terrible on the usd pair. Break-down. Backtest complete. Sinking like a rock !! Please do not shoot the messanger.
Break-down out of the wedge. Waiting for a backtest ... ? Not pretty to watch. Sorry. Please prove me I am wrong !!
Break-down out of the wedge. Backtest complete. Starting to sink. Not pretty to watch !!
Break-down out of triangle. Back-test Downward move. MACD cross down on the Monthly time frame. NOT pretty to watch.