I see a clear bottom for monero in the 0.006 range, where the first wave of the last run bottomed.
Monero has clearly double bottomoed in this area, and as predictable it is going upwards.
running too quick. I do know trend is upwards but we have already seen huge alt-pumps while in a strong uptred (ie. eth reaching @20$ at @0.028BTC while was living a strong trend caused by halving hype)
MAIN FUNDAMENTAL SUPPORT:
RingCT and GUI wallet are at last about to be deployed.
Privacy and fungibiliyy are really needed. Coinbase keeps blocking users accounts due to fungibility problems https://np.reddit.com/r/RCSources/comments/5bp5ae/how_bad_did_i_mess_up/
Zcash proved to be a perfect set up so some miners made a quick buck, this together with the "trusted" set-up involving so little people gives xmr room to grow without worrying about this blockchain.
Monero has proven strenght and resilience by standing over BTC bull trend.
Monero whales are not willing to dump so easily their monero to cashout their btc profits.
I feel confident new highs usd-wise will be reached anytime in first quarter of 2017, probably alongside with btc highs.
Target 1: 12.65 USDT - REACHED -- Closed 25% of position
Even though targets are not explicitily marked i have 3 targets for my monero usd NON margin trade.
target 1: 12.65 - REACHED
target 2: 22.50 -
target 3: 55.00 -
This is a long-term bagholding.
Expected total profit: 333%
Expected time-frame: within 2017
We'll see target 2, 22,5 usd, sooner than i could expect.
Now just surpassed ATH resistance and trading over 16.5 usd.
40% position closed.
A whoping total 350% net profit or 450% ROI.
Thank you monero. And this is the chart looking LESS bubblish of all the crypto charts, so imo, the healthiest bull trend.
Still bag holding ~1000 monero looking for a long term target of 200 bucks a pop.