POLONIEX:XMRBTC   Monero / Bitcoin
The reasons because I took a decent position in Monero are the following:

1 never before in history has privacy been under attack globally
2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o)
3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable
4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it
5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them

As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly.
(since my last post a month ago XMR is already up 50 USD (or 30%).

MACD is turning positive on the monthly time frame.

Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side.

MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance ).

The pattern is very similar...
...and if history rhymes this should meen a 11 x against Bitcoin alone.

That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.


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