Privacy matters, and it will cost you in the futureGood day Investor and traders,
When the criminals run show, they definitely don't want you to know it.
Privacy is a double edged sword. However, just because criminals use it doesn't mean it should shunned upon. Criminals also wear clothes and use curtains. Both are fashion statement second, but serve as privacy first. Enough of my opinion, the chart speaks for its self.
Other than my additions, this is a naked chart of XRM on the weekly. It shows a very distinct patterns of how it moves.
XMR is another coin that was in my thesis from a couple years back in the bear market of 2022 that was the "lengthening or alternating" altcoin cycles. Another cycle that looks like it want to repeat, just much more drawn out. I do believe it will repeat, it might take 10-20 years or so to do so. The next big phase of privacy might have to have people getting a taste of CBDC or UBI, before they realize how much it will, or most likely could infringe upon their privacy. The chart shows early investors already knew this. Look at that move from 2016 to 2017 25 cents to $480 dollars. WOW, that rivaled XRP's big move!!! The key pattern here is the initial move then the big correction, the retest (double top) and how it moves with the fib levels. I have highlighted this in the chart with the Monero XMR logo and and a circle then with the yellow rectangle. Its the same pattern just waaaay drawn out. So, after this double top M then correction, marks the key before price explosion. IMO, I don't think it's and "IF" it happens, but "WHEN" it happens. These types patterns are what sparked my original thesis on these coins. IMO there is a reason other than just profits, early investor recognized the eventual use case, just like in Bitcoin.
Let me know what you think in the comments.
Kind regards,
WeAreSat0shi
