I hope you will invite me to your tropical paradise.
You have a standing invite when and if we get there.
You're just going to take all my corn (and cornero) at the poker table... But I will gladly come!
Another tidbit... I do not usually go "fractal..." but have you seen the one cooking?
it's an interesting fractal, can't deny that. I'm very dubious about this break-out of 4.5 year long resistance trend-line. It's bullish, I can't deny that, but price is strolling into resistance here:
Volume point of control from past 6.5 years is 0.0076 BTC. 200 WMA is at 0.00775 BTC. While usually I'd say breaking a macro resistance trend-line this long is unconditionally bullish, it's clearly not when the 200 WMA continues to trend downwards (macro bearish) and price is entering a long-term accumulation/distribution level, even longer-term than that trend-line. 6 years worth of buyers may well appear as sellers here.
I'd argue that long-term, anything below 0.009 BTC is a very risky trade. Sure price could return to it's highs, which would be about +350% from here, but even from 0.009 this is still 300% to ATH. More likely price get's rejected from around 0.012 to 0.013 BTC imo, where there is resistance (due to being previous support). Probably by next year price will be back to it's BTC lows, or lower, with Bitcoin outperforming.
Also bear in mind the crypto sentiment. We're in a bear market, Bitcoin's market dominance is still consolidating (at the lows). Bitcoin usually recovers first (and further) prior to altcoins, even if altcoins initially rally further first, as XMR, ETH and others have been doing already. The tide remains bearish against altcoins, at least in comparison to Bitcoin. It'd be like trying to ride a wave against this tide.
Agree... I should have qualified. That fractal post was a lark. I would be surprised if it played out. And there are HUGE hurdles on the XMR/BTC chart. One interesting thing about Monero, though is it actually is doing a few things quite notable in the fundamental realm. This article is quite interesting (and hyper bullish):
https://moneroj.net/view_article/A-deep-dive-into-Monero-metrics
The two things I find interesting are:
1. The transaction volume. It's organic, increasing, and a respectable percentage of Bitcoin's at this point (~20% now I think?).
2. The chatter. There is a strong growing sort of groundswell of Monero chatter on social media. A little too much "maxi hate/bcash type sentiment" for my tastes... but still growing.