PRIVACY INDEXbullish on privacy rn
opensea metamask nance all blocking customers from certain regions
us/nato govmnt sactions on russia/china/iran lately have been semi rutheless and mostly just affecting citizens, not the governments as planned
all decent reasons to want some of your net worth in anonymous store of value
zec/xmr/xvg are the og ones theres more now but you can have exposure to all these assets through an index position
longerterm bullish imo
but market conditions couldnt be worse to befair beyond another global pandemic
interesting times at the least.
PRIVPERP trade ideas
PRIVACY COINS SHOWING RECOVERY SIGNALSHello, very quick signal for privacy coins. They seem the sole coin sector shoring some strength right now. The lower channel low boundary was retested successfully.
Specifically, ZEC and ZEN will have halving soon.
DASH apparently bottomed.
I would focus on those.
Indeed, I would leave XMR and XVG for now as the former already pumped due to the news of a mew release on the 17th and the latter already pumped due to the halving that has already occurred
PRIVACY COINS - THE LAST ONES TO JOIN THE ALT PARTYHello, as you probably noticed, pricacy coins were (with XVG exception) were left alone in a corner while all other alts were having fun lately.
This sector can be the last one to benefit from a stationary situation with BTC. This is a new index you can find on FTX and it is a good idea to buy it if you wanna profit from the general sector while not having a view on single privacy coins.. I use it only as an indication of the next trend though, as I have a couple of pick I want to buy singularly. I will tell them in the next idea.
Entry In case of a good breakout of the resistence on the chart. RSI is still acceptable and grants room for the 30%ish growth I signalled on the chart.
PRIVACY INDEX OUTPERFORMING BTCAs stated in a previous analysis (linked below), privacy coins are outperformng BTC and all other coin indexes since Marchlows. They are still outperforming, already above the levels before the 12th of June drop. This is an index you can find only on FTX (it has many other indexes worth of be kept in mind and monitored to have a general idea of the overall trends).
This privacy index contains also coins I am not interested in though, so I created my personal Privacy Index, with only ZEC, XMR and DASH (my favourite 3).
As we can see, it shows the same pattern we noticed for monero. It seems to be ready for a breakout of the triangle.