Crypto going full bubble was easy to see for some, not me. But i was able to foresaw Monero going nuts up to x400 (40,000%) in just 18 months.
Check related ideas to see analisys of why xmr should have gone bubble in 2017 (darknet market adoption, reduced inflation, tail emission and privacy features).
Here a couple charts from my original monero long idea updated to see results
Cup and handle
Silver Parity
Now i am not holding any Monero but i still trust i its potential in the long term as the main coin of the darknet. That is why i've been looking for buying points, as i did earlier this year and managed to get a great re-entry for part of my positions.
Only play this setup spot and with a long-term (18-24 months) plan.
I have no doubts Monero is the best coin out there for the next features:
-Privacy robustness: enforced mixing, RingCT and stealth addresses make of monero the most private and SECURE blockchain
-Tail emission: miners won't have to rely 100% on tx fees for rewards
-Supply distribution/penetration: As a relaunch of an interesting project with a huge premine and also the timing of it (against bitcoin, whose early miners where probably around 1 to 3, monero had at least 40-50 public images interested in the project since day 0) is one of the coins with best coin supply distribution. It was never too cheap compared with other projects and it had multiple pump and dump cycles to redistribute supply.
Check related ideas to see analisys of why xmr should have gone bubble in 2017 (darknet market adoption, reduced inflation, tail emission and privacy features).
Here a couple charts from my original monero long idea updated to see results
Cup and handle
Silver Parity
Now i am not holding any Monero but i still trust i its potential in the long term as the main coin of the darknet. That is why i've been looking for buying points, as i did earlier this year and managed to get a great re-entry for part of my positions.
Only play this setup spot and with a long-term (18-24 months) plan.
I have no doubts Monero is the best coin out there for the next features:
-Privacy robustness: enforced mixing, RingCT and stealth addresses make of monero the most private and SECURE blockchain
-Tail emission: miners won't have to rely 100% on tx fees for rewards
-Supply distribution/penetration: As a relaunch of an interesting project with a huge premine and also the timing of it (against bitcoin, whose early miners where probably around 1 to 3, monero had at least 40-50 public images interested in the project since day 0) is one of the coins with best coin supply distribution. It was never too cheap compared with other projects and it had multiple pump and dump cycles to redistribute supply.
Note
We finally broke that support that rejected the downtrend last week. Now we are heading to our targets. I see monero sub 100 in less than 6 months. And i called monero at 1B market cap when it traded below 10 usd and i called 200 usd per coin when we broke the 50 usd mark. And i am a firm believer of this project, it was my entry into crypto and my luck shot to build my wealth.
I think monero is the less overvalued project among the top 20 crypto-projects, but it is still overvalued, only less than the average of the market. Don't let this confuse you. Monero will suffer along with every other crypto. And will potentially reach undervalued prices and easy buys.
Note
Support was rejected again and we are back to resistance. Let's see what bitcoin does, as it is the cryptomarkets leader.Note
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Once we finally breakdown it is going to get bloody.This looks like a perfect wyckoff market top/distribution. Get ready for the mark down.
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At last playing outNote
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thingd getting interesting :DNote
You are wellcome.
Note
One last bounce before 60? or heading straight to it?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.