I think I successfully called the bottom in my previous monthly idea and we appear to be set up on the weekly for a big move.
best case scenario is charted, a run to 0.016-18. In my opinion, this zone will have a lot of resistance and we will likely see signifigant pullback before inevetiably breaking 0.02 in the fall.
Check out my monthly idea, which is more conservative, and calls for may being red before our pump to ~0.017 occurs in June:
In any case, don't sleep on Monero for the next leg-up.
Obligatory Disclaimer: This is not financial advice. I am not a financial advisor. This is merely my idea/opinion about what could potentially happen in the future. All investments have inherent risk; investing in cryptocurrency is no different, and you are potentially risking your full investment principal.
best case scenario is charted, a run to 0.016-18. In my opinion, this zone will have a lot of resistance and we will likely see signifigant pullback before inevetiably breaking 0.02 in the fall.
Check out my monthly idea, which is more conservative, and calls for may being red before our pump to ~0.017 occurs in June:
In any case, don't sleep on Monero for the next leg-up.
Obligatory Disclaimer: This is not financial advice. I am not a financial advisor. This is merely my idea/opinion about what could potentially happen in the future. All investments have inherent risk; investing in cryptocurrency is no different, and you are potentially risking your full investment principal.
Comment:
This is STILL in play!
Binance repeatedly disabling XMR withdrawals citing network congestion is the coal-mine in the canary: there is a liquidity crisis.
There are only two macro solutions to a liquidity crisis when it comes to scarce energy-backed assets like Monero, since you cannot artificially inflate the supply.
1) Bear-raid the asset and flush out weak hands. The liquidity comes from holders exiting positions. Why isn't this likely? It creates a game-theory game of chicken. The end-game is still mark-up in this scenario; there is nothing realistically competing with Monero in terms of privacy coin USAGE. You can raid the price artificially low, but you're creating a cheap entry for your opponents (or even "friends"; let's not act like rich fucks don't front-run each other...) Furthermore, the monero community is one of the most die-hard and loyal of all time. If anything, we already saw the bear-raid at $180!
2) Pump it - (then potentially crash it.) The liquidity comes from holders exiting positions, just as scenario 1.
One thing is for certain, though. XMR Tail emission. Stay strong monero marines!
Binance repeatedly disabling XMR withdrawals citing network congestion is the coal-mine in the canary: there is a liquidity crisis.
There are only two macro solutions to a liquidity crisis when it comes to scarce energy-backed assets like Monero, since you cannot artificially inflate the supply.
1) Bear-raid the asset and flush out weak hands. The liquidity comes from holders exiting positions. Why isn't this likely? It creates a game-theory game of chicken. The end-game is still mark-up in this scenario; there is nothing realistically competing with Monero in terms of privacy coin USAGE. You can raid the price artificially low, but you're creating a cheap entry for your opponents (or even "friends"; let's not act like rich fucks don't front-run each other...) Furthermore, the monero community is one of the most die-hard and loyal of all time. If anything, we already saw the bear-raid at $180!
2) Pump it - (then potentially crash it.) The liquidity comes from holders exiting positions, just as scenario 1.
One thing is for certain, though. XMR Tail emission. Stay strong monero marines!
Comment:
I'm anticipating large moves on or before October 31. Range is tightening, volume decreasing, market is illiquid. It cannot last forever.
Comment:
Looking like reversal could finally be in.
friendship ended with bitcoin; monero is my best friend now