MONERO (XMR): Guess which Pattern is forming?

in bitcoin •  7 years ago 

I just love the fact that Central Banks and the loser Plunge Protection Team made up of the SEC, Treasury, CBGFR, CCFTC have nothing to do with Cryptos! Because, unlike the stocks, the cryptos can't be manipulated to infinity nor can the PPT come in with an unlimited credit card and buy $40 Bil worth of options to stick save the market as they do with DOW, SPX and NSDQ.

Having said that, the patterns in the cryptos are just so reflective of sentiment and thus EW and Chart Patterns have been far more accurate, compared to stocks. This means a correction in Cryptos is a true correction, unintervened. Here is Monero doing the very beautiful triangle pattern. I'm leaning towards the bullish side.


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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Ample currency knowledge and a hockey reference thrown in to boot!
Ponzi Protection Team

LOL, Ponzi Protection Team...i like!

Great post, I wonder if you can make a post about Monaco? it is getting some attention at the moment as PAY rival. They have some events coming, so I wonder how is their future and if it is wise to leave them for now? thanks for your opinions! upvoted as always

  ·  7 years ago (edited)

good info - resteem

Monero went up $9 within the last 20 minutes.

Chugging along for an all time high?