TradingView
You23
Oct 10, 2019 7:11 PM

End of Monero Bear Trend 

Monero / BitcoinPoloniex

Description

XMR looks to finally be on the tail end of it's bear market.

Comment

If it takes until Feb 2020 breakout then in the short term one could expect further downside.

Comment

Right on the line
Comments
johnfoss69
looking good. even the feb 2020 pump aligned. not sure if impressive or lucky ;)
TraderT33
Hi,
thanks for the chart but just a question. What are the signs for you that the bear trend is exhausted?
thanks!
You23
@TraderT33, Well this last candle looks promising
purplewavez
Great to see this update, I love looking at your charts.

A while ago I made a decision to long zcash.. yeah.. well I had some reasons which I still think value but I was curious if you had an opinion about zcash's future against BTC... One of my rationals for chosing it over monero was it's fixed supply and another was the institutional interest..

thoughts?
You23
@purplewavez, I never liked Zcash. I don't like the emission schedule they chose, I dont like the trusted set up, the opt-in privacy that hardly anyone uses, the founders reward, etc. Monero did everything right and is paying the price for it.
You23
@purplewavez, The Monero tail reward is so small, you can chart it out and the tail emission is negligible relative to adoption and lost coins and it's great for incentivizing miners in the very long term. Bitcoin's fee market may prove to be unstable and by then would be impossible to break the 21M limit.
purplewavez
@You23, Thanks much!
More