Monero/btc: A New Hope ( current price 0.0159btc )
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.
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Range will be 0.1 - 0.2btc
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Monero is at a make or break in terms of usd price.
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Looks like we’re moving up. Currently at 1:10 of my targets
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Aminorex sums up my views on the future of the xmr/btc price better than anyone else:
"Monero is the state of the art in money. Nothing better expresses the qualities of money better than Monero. After Bitcoin has gone to zero for its political deadlock and unsuitability for use, Monero will still be money. So yeah, but not for long: By the time it passes 0.1 BTC it will be poised to rapidly surpass 1.0 BTC, then eventually 10BTC, 100BTC and perhaps even 1000BTC, depending on whether or not a settlements network can be salvaged from the ashes of Bitcoin."
"Monero is the state of the art in money. Nothing better expresses the qualities of money better than Monero. After Bitcoin has gone to zero for its political deadlock and unsuitability for use, Monero will still be money. So yeah, but not for long: By the time it passes 0.1 BTC it will be poised to rapidly surpass 1.0 BTC, then eventually 10BTC, 100BTC and perhaps even 1000BTC, depending on whether or not a settlements network can be salvaged from the ashes of Bitcoin."
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Breaking out, let's see if we can hit my dream targets.
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perhaps consolidation phase ending, markup phase beginning
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Anyone want to poke Monero with a stick?
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A good time to DCA in my opinion. DCA is dollar cost averaging.
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possible reversal in progress
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Based on this chart - The last week or so has been a good buy opportunity.
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Buy the Dip
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This channel is holding! Let's see if it holds for good <3