Long
XMR - are we going up the channel to beat ATH?
Updated
Hi everyone,
Monero is pleasing us.
It shows growth as it should have.
When it dips, it drops hard .. then it resurrects itself as allways.
I have published before my opinion on the growth Channel for XMR BTC - I was successfully trading within it.
I am curious, if it will show it's boundaries this time once again.
Did I mention the fork again? Yeah again .. they re-targeted the time to the end of April. Anyway keep safe here - buy the hype, sell the news. Now we are still bit in advance before the XMV fork. However unless You want to have XMV yourself, I would sell the XMR in advance.
(*regarding XMV - see note)
One of my trades will be bellow all time high.
However I will keep myself something for a new target and I will sell it only there.
Now it is consolidating bellow something of special resistance ... I noted this one already one cycle back .. and still it is there. What a bother :-D ..
Anyway .. I am rather cautious, so even though I think, it will grow up, I will not buy new positions, I will just target those, that I already have from the lows (and few from about 0.029).
Let see what will happen.
trade weet!
--------------------------------------------
*XMV Note
who knows if XMV will be good for something or not. Anyway the community has reason to believe, that the hard fork will lead to the weakening of the ring signature protection by XMR to those addresses who will have the XMR and subsequently XMV on the same TX with the same history while doing the mixing.
So if You want the drop and you do treasure the privacy (I don't care that much) ... just make completely new WALLET .. send it there maybe from exchange - not from your wallet and whatever you have there send away again. Also - whatever you may think of Free Wallet (you don't own the private keys there, XMR is on theirs server wallet) - they had made the announcement that they will support the XMV ... maybe it might be good one time solution .. also one Exchange did claim they will support it ... not sure now which, so I don't want to mislead you, just google it :-)
Monero is pleasing us.
It shows growth as it should have.
When it dips, it drops hard .. then it resurrects itself as allways.
I have published before my opinion on the growth Channel for XMR BTC - I was successfully trading within it.
I am curious, if it will show it's boundaries this time once again.
Did I mention the fork again? Yeah again .. they re-targeted the time to the end of April. Anyway keep safe here - buy the hype, sell the news. Now we are still bit in advance before the XMV fork. However unless You want to have XMV yourself, I would sell the XMR in advance.
(*regarding XMV - see note)
One of my trades will be bellow all time high.
However I will keep myself something for a new target and I will sell it only there.
Now it is consolidating bellow something of special resistance ... I noted this one already one cycle back .. and still it is there. What a bother :-D ..
Anyway .. I am rather cautious, so even though I think, it will grow up, I will not buy new positions, I will just target those, that I already have from the lows (and few from about 0.029).
Let see what will happen.
trade weet!
--------------------------------------------
*XMV Note
who knows if XMV will be good for something or not. Anyway the community has reason to believe, that the hard fork will lead to the weakening of the ring signature protection by XMR to those addresses who will have the XMR and subsequently XMV on the same TX with the same history while doing the mixing.
So if You want the drop and you do treasure the privacy (I don't care that much) ... just make completely new WALLET .. send it there maybe from exchange - not from your wallet and whatever you have there send away again. Also - whatever you may think of Free Wallet (you don't own the private keys there, XMR is on theirs server wallet) - they had made the announcement that they will support the XMV ... maybe it might be good one time solution .. also one Exchange did claim they will support it ... not sure now which, so I don't want to mislead you, just google it :-)
Note
BEWARE!!It is in a LOG SCALE!
Switch it off and on to see it both ways.
Note
As an attachement to this chart let's have a look on the chart in daily candles.
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