XMR vs. ETH: Two Patterns Unfolding! 📈✨Today, let's embark on a fascinating journey comparing two heavyweights in the crypto realm—Monero (XMR) and Ethereum (ETH). These titans share a common thread with identical patterns on the weekly timeframe. However, the tale takes a compelling twist as Ethereum takes the lead, already executing a breakout, while Monero patiently accumulates within an ascending triangle. Let's delve into the details of these intriguing market narratives. 🔄💡
Unveiling the Parallel Patterns:
ETH's Commanding Breakout:
Ethereum's Leadership: ETH has already demonstrated its strength with a decisive breakout from its pattern.
Trailblazing Moves: Ethereum's proactive stance sets the tone for the broader market, showcasing early signs of bullish sentiment.
Monero's Patient Accumulation:
Ascension within Triangle: Monero, on the other hand, is quietly accumulating within an ascending triangle.
Building Pressure: This pattern often indicates a building of pressure, hinting at an impending breakthrough.
Analyzing Market Dynamics:
Ethereum's Momentum:
Pacing Ahead: Ethereum's breakout suggests a surge in investor confidence and potential sustained momentum.
Market Sentiment: Traders keen on Ethereum should stay attuned to the prevailing market sentiment for further cues.
Monero's Strategic Positioning:
Strategic Accumulation: Monero's patient accumulation implies a strategic positioning, aligning itself for a potential upward movement.
Watch for Breakout: Traders eyeing Monero should be on the lookout for a breakout, which could trigger significant price action.
Trading Considerations:
ETH as a Market Indicator:
Leading Indicator: Ethereum's movements often serve as a leading indicator for the broader market.
Reference Point: Traders across various assets can use Ethereum's performance as a reference for market sentiment.
Monero's Breakout Play:
Timing is Key: Timing the breakout for Monero is crucial, and traders should position themselves strategically.
Confirmation Signals: Look for confirmation signals, such as increased volume and sustained price movement.
Conclusion:
As Ethereum and Monero unfold their respective stories on the charts, traders and enthusiasts alike find themselves at a crossroads of opportunity. Ethereum's breakout sets a positive tone, while Monero's patient accumulation suggests a potential surge in the making. Navigate these narratives with diligence and strategy for a rewarding journey.
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Anonymous
PirateChain (arrr) is going great because it's Fungible Recently PirateChain (arrr) broke through the upper resistance of a falling wedge and it has rose non-stop ever since. How much further will it go? I believe the real reason it's rising is due to the sanctions on Russia and the Oligarchs. PirateChain is Fungible (which means) you can't tell one cryptocoin from another--it's truly anonymous. I believe they are using PirateChain to move assets which is causing the rise in price. The time to get out would be when news of sanctions being lifted starts to come out. Until then expect to see PirateChain continue to rise.
Also ZCash (ZEC) is another that is capturing some of the oligarchs market, but not as much as it's not really fungible.
BTW: if you think this is helping the oligarchs by buying into PirateChain, it's just the opposite. By purchasing PirateChain (and/or ZCash) and then getting out BEFORE sanctions are lifted you're making them pay a premium for the crypto and then taking a loss when they cash out after sanctions are over.
XMR Monero - Cup & Handle BreakoutXMR Monero - Cup & Handle Breakout
Looks very similar to the gold chart pre breakout.
Bullish targets on breakout above 212/225
282
373
438
Ultimate bullish breakout target = +512usd
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
ZCash Support Levels to DCA! I'm AccumulatingI'm very long on ZCash. It's bitcoin's main competitor and offers the privacy solutions crypto desperately needs. Basically bitcoin with fully shielded transactions, enhanced scalability, and much lower fees. It works much better as a p2p currency than bitcoin. It may not be big today, but that's what makes it the perfect coin to start accumulating. After all, the people who make it in crypto buy the hidden gems, not the coins already at peaks. My thoughts, not financial advice. But if you were looking to enter ZCash, these are the levels I would consider buying the dip at.
Tornado CashFast one,
Only 10 000 000 Supplies (less than BTC). Bottomed at 100$. This project is a crypto Mixer application to keep anonymity while u send BTC or ETH (Same as Wasabi Wallet).
Tornado cash could make a really decent x7 profits.
i suggest to buy it on Uniswap or Poloniex.
What Is Tornado Cash (TORN)?
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.
Tornado Cash uses zero knowledge proofs (zk-SNARKs) to achieve privacy. When a user decides to make a withdrawal, the user must provide proof that he or she possesses a secret corresponding to one of the smart contract’s list of deposits. zk-SNARK technology allows this proof to be verified without the user needing to reveal which exact deposit corresponds to their secret. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. Any external observer is unable to determine which deposit this withdrawal is linked to. TORN is Tornado Cash’s native governance token. It’s a fixed-supply ERC-20 token that is used for voting on protocol upgrades and fixes.
Buy Zone is now around 100$
TP : 690$
Happy Tr4Ding !
BITCOIN 1D! BIG prediction! support line and key level.Hello! Anonymous Traders team has prepared an idea for you, if you liked it, please support it with like and subscription.
This idea is very good for a deal, as it is very diverse and everyone can choose a position.
1.Long with current ~ 9730, stop loss ~ 9530 when the support line is broken, ~ 10440 take under the first resistance.
2. Long upon breaking through the first resistance ~ 10450, target ~ 12140, stop ~ 10300
3. Short of breaking through the support line ~ 10100, target ~ 9430, stop ~ 10220.
4. If the fall takes place, you can trade the next support level of shorts ~ 9420, target ~ 7800, stop ~ 9500.
XDN DigitalNote and my 2019 OutlookMaking this public to hold myself accountable.
—
XDN DigitalNote and my 2019 Outlook
DigitalNote XDN is a contender to be one of the world’s leading anonymous privacy cryptocurrencies. DigitalNote's anonymous technology and untraceable encrypted messaging system are some of the core features.
My valuation framework indicates that the cryptocurrency is highly undervalued, and my personal opinion is that the currency price will see a 50%-88% increase over the next few days or by April 5 2019. At today's price, it falls under the crypto-penny stock category.
Although price is subject to manipulation, the circumstances are not any different from other cryptocurrencies. If not, favorable given my research. (I am not explaining here)
The current technicals and fundamentals also support my analyst position that the cryptocurrency (“altcoin”) DigitalNote XDN is on the verge of a breakout, Ceteris Paribus, as price seems to have surpassed the last area of resistance on all trading pairs. (XDN/BTC XDN/USD XDN/USDT XDN/ETH).
Although price will remain volatile, assuming a high Beta, it will continue its uptrend and could see a new all time high by August 2019.
Formerly known as DarkNote XDN. Formerly known as duckNote XDN. DigitalNote XDN is a privacy protected decentralized open source cryptocurrency launched in 2014.
On April 5th 2019. DigitalNote will be performing a long awaited network of the $XDN protocol and a blockchain upgrade. DigitalNote will also be releasing a brand new white-paper and roadmap (details soon) and launching user-run Masternodes to incentivize and strengthen the chain. 2,000,000 XDN required per node. (details have not yet been released).
Some more information - publicly available
- DigitalNote current market cap: $9,361,283 on 3/30/19
- DigitalNote global 24h volume: $451,469 on 3/30/19
- DigitalNote has been trading for 57 months (5 years) and started trading at $0.00004165.
- DigitalNote's all time high was $0.0970. Right now, DigitalNote is priced at $0.0014, 98.61% lower than its all time high.
- DigitalNote's all time high in BTC was 0.00000575. Right now, DigitalNote is priced at 0.00000033, 94.26% lower than its all time high.
- DigitalNote has grown 3,067.62% since it first started trading.
- DigitalNote's price ranged between $0.0012 and $0.0013 over the past 3 months, which means it had a compound monthly growth rate of 2.53%, and an extrapolated compound annual growth rate of 0.35%.
- DigitalNote grew as much as 36.81% in a single day on Monday, October 1st 2018.
- The price of DigitalNote dropped as much as 63.89% in a single month, in March 2018.
- DigitalNote increased as much as 75.65% in a single month, in April 2018.
NOT INVESTMENT ADVICE
I am NOT a CPA, CFA, nor a registered investment professional or licensed broker.
Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained here constitutes a solicitation, recommendation, endorsement, or offer to buy. Just my thoughts with a chart that I am sharing socially.
DYOR. (Do Your Own Research) You are encouraged to review publicly available information and perform other research before determining whether you agree with my opinion.
ZCL ANON FORK SCENARIOSThis what can happen with incoming ANON Fork on 10 September.
Be Safe and like always... keep an eye on BTC movements.
Happy Tr4Ding !
Is there any resistance for ZCL's growth??? ZCLBTCZCL : A coin with no resistance to where it can go until the September's 10th upcoming fork!
Hello to everyone reading my ZCL presentation. First of all i have to tell you that of course i am not working for zcl or the anonymous bitcoin project, although that maybe you feel like about my very flattering comments.
It is just that i am in cyprto not only about making money for myself but also helping others and maybe for a global financial change(thats a big conversation). So ladies and gents, i believe in the whole idea of the general crypto space,so solidarity and helping others invest in legit projects that will grow their income is a MUST for me. That's why i am spending my time to present you and analyze with full detail my idea and personal investement in zcl. Lets move on now
In the chart above i put comments for every price action and what caused the increase or decrease of the price each time the past 2.5 months.Although i am showing you what happened in the past in the chart i think i am gonna write only about the future. Yes for sure i am writing about the future folks as in my opinion zcl in a bull market could not have a ceiling for growth.And after the info about ETF decision on August 10th came out i think it will be the perfect timing.
So zcl is forking again with bitcoin to anonymous bitcoin on September 10th. After the snapshot the holders of zcl and bitcoin will receive 1:1 ratio of the new coin,anonymoys bitcoin (ANON) .
We have seen such big gains on previous forks in crypto. So the news about a new fork is extremely bullish by itself. But why this fork is much different and the potential is huge???
Just let me explain you:
1) The key word is TRANSPARENCY, as they inform the community about every progress and update and making the forking process with their names and dont hiding their identities although that is a privacy coin.
2) Another key word is that they are introcuding in the new project MASTERNODES, having the abiity to create one with only a minimum 100 coins and earn passive income at around 35%. Great opportunity, dont you think so?
3) Hmmm what else,what else. Yes thats it. It is the first time that a forked coin publishing a WHITEPAPER before the fork explaining the whole plan and the whole project. Yes guys it is the truth you can look for it at their site anonymousbitcoin.io .
4) Another crusial advantage is the super ADVISORS behind the ANON project. With Steven Nerayoff and Ran NeuNer ,no introducions needed for both of them, the biggest names till the next one that may be today as they are announcing in some hours the new advisor from Asia. So as you can understand a project having such big names in crypto industry for advisors could not be less than a 100% succesful.
5) The most strong card for the future success in my opinion is the EXCHANGES guys. They had announced that they will be listed in multiple top 10 exchanges concerning daily volume. The exchnages will support the forking process and they will announce them on August 10th ,the time the testnet launch. (my personal opinion is that Binance will be for sure in the exchanges)
6) Many strong reasons till now to invest in but what made me so confident about ANON and i really want to express publicly my huge congratulations to Jake and his team is that everything that they are doing till mow for NETWORKING witnesses a very professional and legit team with very strong connections in the crypto space. They participated in the most big global events in 2018 such as Consensus, Blockshow Europe etc. And imagine that all these are for a coin that doesnt even exist. So you can now know what to expect for the future.
7) I am sure you will find much more reasons by yourself by looking at their social media twitter,telegram,discord etc so i am posting you below in comments the links for each of them to DYOR
Thanks for your time i hope i did a great presentation for all of you that will help you to do your moves. Cheers!!
How to deal with binance?Well, I did not expect such a great downmove since binance listing to be honest.
But there are some things to be discussed:
1. The price is near at the breakout zone before binance listing
2. nevertheless there are a lot of improvements since then such as binance listing itself and the VPN partnership with trustzone
3. fundamentally bcn is a lot undervalued at the moment looking at the facts, at 26th may there will be a new roadmap updated
4. coming from stock trading i used fibonacci a lot as you can see in the chart, due to fibonacci a movement corrects at least to 23.6 which is about 0.22Cents depending on Bitcoin price
5. the first binance price was 0.0001 but on a very low volume, nevertheless we should take that chart for granted, there is some potential to move up the fibonacci letter...
Bearish cryptocoin sentiment is dragging monero downI like monero, it's basically the only cryptocoin who has a real life use on this particular moment. Governments will regulate cryptocurrency, this will create more demand for an anonymous cryptocoin. However, the whole market is still in a decline. I believe we will first see lower levels. Don't hope on a breakout yet.
Private Cryptocurrencies Challenge Bitcoin Fungibilitydiarweekly.com
Private Cryptocurrencies Challenge Bitcoin Fungibility
Bitcoin and most cryptocurrencies are pseudo-anonymous – all transactions are publicaly available online including the addresses and amount being sent. As a result, the coins can sometimes be traced back to a person through blockchain analysis. Privacy cryptocurrencies the likes of Monero and Zcash are attempting to solve the problem by masking all the information about the transactions to provide full anonymity. The movements of the privacy cryptocurrencies are near impossible to track, giving governments another technical obstacle to overcome.
When Bitcoin was introduced in 2009, it launched from a premise of shifting the power from governments, central banks and corporations to individual people. As with other decentralized cryptocurrencies, the ownership is guaranteed with the possession of private keys, which makes it impossible to be seized or manipulated by a central authority.
However, most of the cryptocurrencies including Bitcoin are pseudo-anonymous. Even though the transactions are not tied directly to an identity, every transaction is recorded publicly on the blockchain, which includes the sender’s address, the receiver’s address and the amount. By analyzing the blockchain, the coins can sometimes be traced back to the identity of users by looking at the patterns of transaction history. The issue of financial privacy is not only a matter for criminals but rather for anyone who wants the ecosystem of cryptocurrencies to remain decentralized.
Blockchain forensics companies such as Elliptic and Chainalysis are already providing actionable intelligence to law enforcement and other entities to help them identify illicit activities and assist with Anti-Money Laundering (AML) compliance. These companies obtain Know-Your-Client (KYC) information that is required to be provided for all the cryptocurrency exchanges and thus have access to identifiable information.
The current solution to enhance Bitcoin’s fungibility is to use a tumbling software such as the open source JoinMarket, which automatically mixes coins of different people to obfuscate the trail back to the fund's original source. Most of the wallets generate a new address each time a transaction is received to obscure the identity which helps, but is far from perfect.
Bitcoin’s inability to provide a fully private and fungible solution has ignited the creation of other cryptocurrencies that focus mainly on privacy features.
Monero, which launched in 2014 after forking from Bytecoin, is often considered the most prominent privacy-based cryptocurrency. Monero uses stealth addresses, which means that after every transaction is made, a random single-use address is generated, and the transactions are routed through that address. Stealth addresses therefore mask a receiver, which in turn assures that there is no linkability on Monero. However, in order to be truly private, Monero also solves the issue of traceability by utilizing ring signatures. The untraceability means that the original sender of the transaction is not able to trace when or where the recipient of the transaction moves the coins. Ring signatures essentially mix the real transaction with a few other already existing transactions on the blockchain, which guarantees plausible deniability. In January 2017, Monero implemented an improved version of ring signatures called RingCT, which also obscures the amount being transacted. RingCT became mandatory for every transaction after September 2017.
Solid foundation but low on excitment, that's Zcash for ya!Is Zcash a good bet with the current hype market we are seeing in cryptoland?
Probably not, but I'll keep it for now.
Fundamental
Woke up today, looked at Coinmarketcap and saw the increase in Zcash.
Thought to myself, I gotta get an idea out on Zcash . Have had it since start of my portfolio spreadsheet ( much longer in reality but I go with what I can prove ).
Fired up the chart, started drawing, sat there smiling. The chart looks real good.
Put in my target ( where its now "it could go to this area" ), posted preview on Koinworld ( Trade group ), and headed of to read up.
That's where it fell apart a little bit to me.
So I lowered my target and will look to change out ZEC with something more hype based in the near future (Gotta go with the flow).
When I started to read up on Zcash for this idea, I realized, nothing excites me here.
Don't get me wrong, I think Zcash is a real solid project with a future.
However , I think there is better places to put money for the next couple months.
Opportunity cost is a real thing.
This is where I normally would have posted some rumours, happenings or something that excited me.
I am having problems with that.
Zcash is doing good work on their product, and as mentioned, I think they will be around for a long time.
But I dont see huge increases happening here.
A big problem with Zcash is the founder rewards and the amount of coins that get released to the market on a regular basis.
This will go on until 2019-2020 I believe, so even though its probably priced in to some extent, you gotta count that as well.
Technical
So of to the chart. The reason why I decided to hold on a little bit longer, even though right now this 1.618 resistance would have been a very alright place to sell out.
You can see it floated nicely between the 0.618 levels of pitchfork (blue area). Built momentum, went ahead to test the 1.618, failed, and today its back to try again.
I think it breaks it, but my sell order is ready at the next fib extension . 1095 USD (2.618 FIB)
Let's see if we can get there, the road is far from long.
If I am wrong (or the market is extremely bullish the next months) I could see Zcash going up to my last fib (4.618).
Updates will follow until I have sold out my Zcash :)
ZCash (ZECBTC) is ripe for popping upwards -> Rocket to moonZCash has been on a downhil for few months and has reached levels where it is likely going to change course towards bullish. More info on ZCash www.cryptocompare.com and www.coindesk.com Get to know your coin before investing, so also follow the social media (twitter.com) and the development community (chat.zcashcommunity.com).
Target levels:
- 4000000 / 5000000 / 6000000 (all equal levels are usually psychological levels)
- 4538000 satoshi
- 6840000 satoshi
- 7728000 satoshi
Support around 2915000 satoshi's
Full picture:
Good post about ZCash fortune.com