Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TPTB_need_war
on 07/03/2016, 16:04:02 UTC
I suppose someone probably already posted this chart. I had never looked at the long-term Monero chart before:

https://www.tradingview.com/chart/XMRBTC/3QZ1D3nD-The-Monero-Bear-Market-Is-Over/

That is impressive. Monero has broken out of the down wedge, which is very technically bullish. But that doesn't mean it can't fall back first to the historic support at 0.0017 BTC. And if BTC falls to < $150 as I expect, then that could mean Monero declining significantly and still be in the bullish formation as Bitcoin makes its final bottom and we start a new bull market in crypto (I subscribe to the theory that BTC is still declining from 2013).