According to this chart Monero is entering capitulation and is at/nearly at/ bottom
1M MACD Cross. A repeat of the last time would mean a Bitcoin bottom around $1600 sometime between now and the end of 2019. Not thinking this is likely just posting it for posterity.
An update to an old idea. The gist: BUY or CRY
IMO we see bottom on the xmrbtc pair between 0.011 and current levels. An overthrow to below .01 could come to pass for a brief period.
Lets see how this fills in.
Not much to say here.The situation looks just like the AEON/USD chart I posted yesterday.
This is how i'm reading things.
Reddit Co-founder Alexis Ohanian has forecasted ETH/USD to reach a high of $15k usd by the end of this year. According to this chart we can expect some congestion through most of 2018 on our way to new highs. This may be a result of institutional money continuing to flow into the market continuing to push the entire market in the direction of widespread user...
The chart says it all. We can expect Aeon to move to higher ground in 2018 maybe as high as a $70 high this year alone.
According to this chart we can expect to see BTC reaching a new all time high in the next few months. That is if we continue to trace out the fractal that was established in the previous trading cycle. Notice the self similarity in structure as well major turning points in StochRSI.
According to this chart the price of XMR will undergo tremendous volatility, Local low around .008 is possible.
This is a quick sketch of a thought: What if Bitcoin is correcting like the bubble of Spring 2013 instead of the subsequent one in November? It's tough to say if we'e reached bottom yet. However, if we are indeed following the pattern of the last Block Reward + Bubble era then this era will have the Bitcoin price recovering from this correction over the next few...
I see two paths in the LONG TERM for Aeon. My other chart here: has some more information on this.
The original chart contained a donation address in violation of house rules and the chart is now invisible to the public. I will post updated screenshots below. If this is your first time on this chart, this was a forecast from Feb 2017 back when Bitcoin was in the $800's. The blue and yellow lines have held up amazingly well over the course of the year.
A picture is worth a thousand moneroj. According to this chart Monero has an upside target of 0.2btc or so. Wouldn't be bad for a coin that is considered "niche" is its reach.
Aeon is Monero's little brother. It's maybe the only other cryptonote coin that could compete with Monero on the long term given the feature set the dev wants to implement. A code rebase is imminent and there is a vibrant community growing on reddit. This feels like the early days of Monero. Could lightning strike twice? Consider that 14,651,140 AEON have been...