The Rise and Fall of Monero

Lets start off an make it very clear that technically monero hasnt exactly fallen. Although it did reach some great heights its still up a huge amount for the year. This is more like the Rise and Fall of a cartel boss or something.

Monero throughout the year has made many gains on Bitcoin chasing it around but in the last week to be honest Bitcoin has launched to the moon as most people like to say and left Monero behind without a rocket. Now My heart still says because the Bitcoin hardforks are offering free coins again people are just reverting to bitcoin until the fork dates are complete. But I was not expecting suhc a dominate lift off.

Last hardfork everything seem to fall this time things are exactly falling against the USD just against bitcoin. Monero is my lover and painfully ill make the trade way to late and probably lose but at the same time I usually win as i trade quite conservatively. Small gains over time rather than 1 million dollars each week (or so they say they make).

This was just a chart to say damn we cant rewind

Technical Indicators

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