Monero vs Bitcoin bull marketThe 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:
www.ccn.com
twitter.com
twitter.com
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.
Privacycoins
Hacks Are In. So is Monero? After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame.
All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1
However, based on the size of the pennant, I have marked additional target levels which would remain very possible.
There is great potential on this trade so I wish you all the best of luck!
Cheers!
XDN DigitalNote and my 2019 OutlookMaking this public to hold myself accountable.
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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.
Monero shakeout then breakout?Positive market sentiment combined with bulletproofs. XMR been dancing at support. Whales accumulate. One last shakeout before an uptrend.
Monero Looking Ugly - $85 in the Works If you've seen the price action for Monero lately, you'll know that it has been looking ROUGH!
Check this out:
As with most (damn near all), privacy-based cryptocurrencies, it’s been taking a beating over the last few days.
Specifically, in Monero’s case, it has lost 39.60% of its USD value in the last 3-weeks alone.
Things haven’t been as bad on the $BTC pairing, but it’s still pretty bad when considering how much $BTC has depreciated itself against USD during the same time span.
Let’s move back to the USD view though.
From what we saw in the first picture, it’s worth noting that:
1. The price is at the bottom of Bollinger’s Bands (expanded).
2. The RSI is heavily oversold.
3. Almost three weeks of consecutive daily losses (red candles)
So, to say that things are ugly might even be a bit of an understatement.
Scrolled Out View of the Daily Chart
When you scroll out the 1D chart on $XMR/USD, it becomes apparent that $85 is probably the most likely long-term support that $XMR will have if it continues to depreciate against USD the way it has over the last few weeks.
If it breaks through this point, then the price could head into a serious freefall.
This is something that $XMR (Monero) holders and traders should remain cognizant of as they are investing in this cryptocurrency.
Let’s Look at Monero On the 4H TimeFrame
This will help us detect whether there are any viable scalping opportunities or not on the protocol.
Max Upside From What I’m Seeing = +10%
RSI and Price Action appear to indicate that price is definitely on its way down.
Conclusion
Until $XMR reaches that long-term support that we mentioned on the USD chart, it’s probably safe to write this one off for the time being.
If there are any means for shorting $XMR, I would take complete and full advantage of them (I’m not sure how viable of an option this is ever since Bitfinex got rid of those options).
Thus, it might be best to refrain from placing any long positions in $XMR for the time being.