I took XMRUSD from multiple exchanges, and compared vs Kraken XMRUSD. Why Kraken? Because they have a banking license, and are trying to get a master account at the Fed. They're known for being among the more honest exchanges, and have particularly treated Monero well in the past, by diffusing false regulatory narratives (thanks Jesse Powers!).
This chart is...
Usually rising wedges are bearish indicators of reversal. But given the crypto action as of late, anything is possible.
Could Monero break this rising wedge by the end of the week and go truly parabolic afterwards?
Yes, the same Bitfinex part and parcel of the Tether fraud, which has created $25 billion USDT, backed with "reserves", which operate exactly like banks. They make "loans", and then use that as the backing for their balance sheet (among other dubious methods of "reserves").
Okay, chart time. What you're looking at is:
On Top: XMRBTC price in orange and the...
