Critical XMR/BTC levels: we are the 2015 spring high, the local top of 2016 spring, right before the 2017 take-off.
Meanwhile, Monero's technology has done nothing but improve across the board: cheaper transactions, smaller transaction size, 2-minute block times, and privacy by default so strong that the world's most powerful tax-authority wants to pay anyone who can trace transactions.
I anticipate a breaking of our multi-year downtrend soon as the markets start to weigh in atomic-swaps launch later this year. Additionally, the global trends seem to point towards governments being anti-cash, and pro-regulation that inhibits freedom - these two factors will only increase the need for a truly digital cash. Bitcoin, unfortunately, cannot fulfill this role due to its public nature and the amount of resources being dedicated to tracking each and every satoshi.
Read more about Monero's fundamental advantages in my other XMR/USD idea which calls for $350+ XMR by the summer time. I believe now is an incredible time to enter with either bitcoin or USD, as Monero has yet to see the true investment potential of the bull-run due to regulatory concerns. By the time Grayscale announces they are officially in the game, it will likely be too late and you could find yourself priced out. Are you ready?
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.
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I didn't anticipate challenging the trend line in april... all of my predictions for monero seem to be too conservative this year!
we could see 0.01 before you know it lads...
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we've broken the trend-line quite firmly and now we will see if it holds as support. I anticipated this occuring in early June, not May. Let's see if my call is not wrong, but perhaps early.
if it holds up, we are potentially looking at a 'bump-and-run' reveral bottom. Bullish.