bagofXMR
Long

monero/usdt long term trade

POLONIEX:XMRUSDT   Monero / Tether USD
Correction is over. Trend must go on, and on, and on

XMR possible weekly bull flag

XMR bottomed

I see a clear bottom for monero in the 0.006 range, where the first wave of the last bull run bottomed.
Monero has clearly double bottomoed in this area, and as predictable it is going upwards.
MAIN THREAT:
BTC running too quick. I do know btc trend is upwards but we have already seen huge alt-pumps while btc in a strong uptred (ie. eth reaching @20$ at @0.028BTC while btc was living a strong bull 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 bitcoin 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.
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