privacy until no privacy

Updated

still going through the elliot wave introduction so the count may be wrong however xmr future does not look bad. with quite a few delistings, good dev responsivness to attacks, often algorithm upgrades to avoid asic usage and most importantly transaction privacy. sadly xmr.to has gone, possibly they accomplished their mission ;). some might think it is harder to buy monero than a year ago but that is why decentralized exchanges are around and localmonero that does not want kyc. for the moment taproot is being signaled, in a couple of months mweb on ltc. once people figure mweb is not a such a good thing or maybe upon activation - xmr could have good additional fuel for value increase in xmr/btc ratio. this does not mean xmr will consolidate until then. at this moment on lower timeframes a good oscillator reload is happening with some bullish divergence. it is possible to see the price hit 0.01 in a couple of weeks an then perform a corrective abc wave possibly making cupnhandlelike pattern. upon value flow from ltc to xmr if it happens at all but expecting it, this should be visible on ltcbtc/xmrbtc pair chart.

Note

as pointed in the chart below, ltcbtc/xmrbtc likes to bounce in the range of 0.3 and 1.8 for the past 5 years. extreme changes near one of the lines either resistance or support might indicate it is time to switch from one to the another. through the whole bear market nice transfers are to be made with this pair. ride safe.

Note

if the pattern is correct, bottom on xmr should be late december or january.

grepcat

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