Guittarman03

Guittarman03

Monero underwent some massive price suppression pretty recently, as every other top 20 shitcoin went uber parabolic with 2-4x gains while Monero did nothing. Aside from this being basically impossible without some kind of large player(s) intervention, the reality is that usually those manipulations are done with borrowed crypto, meaning it all has to be paid back...

Guittarman03

Probably we have one more poke upwards before reversal and continuation of downtrend. Monero and Eth are your best fundamental altcoin plays, but the new crap will probably pump the hardest. Stay away from the other old altcoins. They have been proven crap, and are unreliable.

Guittarman03

With the slaughter in the ratio that just happened, it's important to keep some perspective. Weekly charts still intact. Higher highs broke important resistances. Psychologically, there is still much FUD against Monero. If weekly can hold trendline and produce another higher low, this will be a huge sign for investors that Monero really has bottomed, and is poised...

Guittarman03

With the altcoin slaughter that just took place, XMRUSD is still looking quite bullish, with a beautiful trendline going back to March. Current bullish wedge could break upwards as BTCUSD consolidates at a higher level.

Guittarman03

Downtrend is not best fit, but is relevant, as the best fit resistance line already broken weeks ago. Confluence of 100MA, resistance line, and .009 (from Feb). Simultaneous break of all of these at once (probably 2-6 weeks away), is insanely bullish for the ratio. XMRUSD weekly painting a similar picture (see my other post).

Guittarman03

The final final boss. Already broke the best fit downtrend line months ago (first signs of rebound). This one is more like confirmation preceding massive breakout. Lines only valid on weekly. RSI corroborating uptrend, 50/100 MA crossover imminent. XMRBTC weekly corroborating.

Guittarman03

Monero is close, oh so close to breaking its first downtrend for over a year now. We need not just a wick up, but an actual daily and weekly close out of the trend, and with a higher high.

Guittarman03

Monero is in capitulation as shitcoins pop. If you were looking for the perfect opportunity to spot a market reversal and capitalize, this one is pretty good. The crypto plebes are f'ken clueless as always, but the whales are fully aware that Monero is the real deal.