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klos
Jun 27, 2019 4:13 PM
Monero vs Bitcoin bull market
Long
POLONIEX:XMRUSD
1D
Monero / US Dollar
Poloniex
Description
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Jun 27, 2019 4:13 PM
The red areas mark when 50 days MA is below 200. I use it a primary indicator or of a bull/bear market.
The last bull market for Monero
started a half year later but then – despite not catching up at the beginning – it grew **16 times faster**. Monero is currently the best privacy coin, and privacy coins by many are viewed as "the next big thing" since privacy is the most essential missed part in Bitcoin: Some people bullish on privacy coins: https://www.ccn.com/binance-ceo-indias-insane-anti-crypto-bill-will-pump-monero-and-zcash/ https://twitter.com/brian_armstrong/status/1142640371639263233 https://twitter.com/CCNMarkets/status/1143928136414978048 It's worth mentioning that also Libra (Facebook currency) and "JP Morgan coin" mention privacy as an essential feature even if it's a bizarre promise from a regulated company that surely cannot deliver that with government approval. Monero has also dramatically quickly falling emission schedule. This year, it will become one of a very few PoW coins minded slower than Bitcoin. This is excellent fundamental information since it decreases selling pressure on the market. Overall, I'm very bullish on Monero, and I bet that especially with the current divergence in price, it will outperform Bitcoin once again.
Trend Analysis
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