Monero 1W - bottom in start of wave 5Several trendlines, pitchfork and 88.2% fib level come together at this low around 62 just above june 2017 top.
Is XMR at the bottom and will we see the start of a wave 5 now?
Privacy
XMR Longstill near bottom of range, forming what looks like a pennant, pretty much most useful crypto.
Monero / USD dipping target after it's recent pump +27%Monero has been underwater below 100 USD level along with it's price against Bitcoin was around 131-135ish. This moment surely used for accumulating this one and only remarkable privacy coin so far.
As people start taking profit, i suggest to also look into Bitcoin price movement which quite volatile to go north right now and with that being said, there will be any moment that Bitcoin price might go south and affect all of the alt-coins prices including monero.
I'm looking for retracement around 0.5 fib level and below before you start getting new entry, while this view also supported with RSI level that has already overbought.
$ Perfect Ace $ PIVX +500% GAIN1. Reversal Signal
2. Bullish Volume
3. MacD Interesect
4. RSI Oversold Curved Upwards
Target: $20 6/2018
XMR/USDT,D, BITTREX - NEARING END OF WAVE 2?August 27th 2017 - December 20th 2017
Growth %: 211%
Growth $: $328.00
December 21st 2017 - November 21st 2018
Conservative Projected Growth %: 70%
Conservative Projected Growth $: $333
Currently bouncing off bottom support of descending triangle, coming into apex very soon. RSI showing signs of a reversal soon. Somewhat oversold at the moment. This could be because of the market movement as a whole or the regulatory status for privacy-centric coins such as Monero in different countries.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
A seemingly perfect Gartley pattern in PIVXI was just learning and teaching the Garley pattern at the same time earlier today... went looking for it and found it pretty easily both here and on WAX so far.
I've been invested for quite some time, waiting for last year's buy-in to finally pay off. The higher target is likely in the very near future, I believe.
It looks like it's finally about time. Standard stop-loss for a Gartley patternis just below point X.
DASH/BTC - BUY ZONE, SELL ZONE, SUPPORTTake a look at EMA55 & EMA200 crossover, Fib retracement levels, RSI oversold (1st time since March 29th), MACD divergence channel/trend, ascending triangle formation, etc...
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
Bytecoin is heavily long to BitcoinAt the moment bytecoin has already surged over 100% in the last couple of days.
The BCNUSD pair is not that obious though. Looking at the BCNBTC pair you clearly see a break through the downtrend vom 2017.
Since the 4.618 extension was rechaed after corrections in the past i expect it to be reached. Depending on the current Bitcoin rate that would be around 0.000012 sats or 0.1 USD.
Ari Paul on how Privacy coins like Monero will compete with BTCInvestor: Adoption of Cryptocurrency as P2P Cash is Key For Next Bull Market
Ari Paul, CIO and managing partner of cryptocurrency hedge fund BlockTower Capital, took to Twitter to share his thoughts on what might drive the next bull market: adoption as P2P cash, institutional portfolios, privacy, and marketing.
the crypto influencer argued that Bitcoin will find much growth in demand as individuals fight for their privacy in a world that increasingly embraces surveillance states. Ari Paul foresees inevitability in the power of privacy in the cryptocurrency world:
If Bitcoin is adopted *because* it supports anti-money laundering measures by investors, that opens the door for a specifically non-AML competitor.
Finally, Ari Paul recognized that the easy money obtained by so many cryptocurrency projects, some sitting on $200 million in capital and others over $1 billion, should be able to drive the bullish market.
“Unlimited budgets coupled with the world’s best marketers produce amazing results”, he wrote on Twitter. “They can create at least pumps, and with smart consumer applications maybe some real adoption.”
Investor: Adoption of Cryptocurrency as P2P Cash is Key For NextAri Paul, CIO and managing partner of cryptocurrency hedge fund BlockTower Capital, took to Twitter to share his thoughts on what might drive the next bull market: adoption as P2P cash, institutional portfolios, privacy, and marketing.
The crypto influencer argued that Bitcoin will find much growth in demand as individuals fight for their privacy in a world that increasingly embraces surveillance states. Ari Paul foresees inevitability in the power of privacy in the cryptocurrency world:
If Bitcoin is adopted *because* it supports anti-money laundering measures by investors, that opens the door for a specifically non-AML competitor.
Finally, Ari Paul recognized that the easy money obtained by so many cryptocurrency projects, some sitting on $200 million in capital and others over $1 billion, should be able to drive the bullish market.
“Unlimited budgets coupled with the world’s best marketers produce amazing results”, he wrote on Twitter. “They can create at least pumps, and with smart consumer applications maybe some real adoption.”
Cloak SetupI have been eye'ing this trade for a while now. It just recently hit my price targets, and looking for at least a 3X return on this one.
Monero - up or downLong idea
After a sub-wave 2 correction that hit the 0.786 (195 USD) we could have started sub-wave 3 of the 5th wave.
Target 1 - 425 USD
Target 2 - 565 USD
If this does play out their will be some very nice shorts to be had at both targets, especially target 2.
--
Short idea
This bounce drops and sub-wave 2 could continue to retrace to nearly 100% of sub-wave 1
Target - 160 USD - however it could go lower and bounce of the support at 150 USD or even punch through it, so i'll keep my short open until I see a large bounce.
Progress Slows On Once-Hot Ethereum Privacy Projects////ETH has all but given up on being private,
we will need fungible assets like
XMR to power the smart contracts of the future
if we want to retain our privacy from all///
thereum's moon math is showing signs of coming back to earth.
Such was the feeling at EthCC, an ethereum developer conference in Paris, Thursday, where a dedicated privacy track struck a somber note compared to years past.
Indeed, despite a software upgrade in October that saw improvements built to pave the way for confidentiality, such methods have been shown to exceed ethereum's processing capacity, with the computationally intense cryptography all but bringing the blockchain to its limits.
So, while developers like Andrew Miller had predicted a rise in privacy-centric ethereum applications just months ago, the conference showcased how an almost eerie silence has followed as scaling and security obstacles have proven more difficult to solve than foreseen.
As evidence, ZoKrates, a programming language aimed to equip average developers with the ability to code private contracts, has struggled to find its way out of the setup phase.
Speaking in a presentation today, the code's creator, Jacob Eberhardt, said that ethereum will need to add more cryptographic variables in a system-wide software upgrade for the concept to work. Still, Eberhardt also bemoaned that, given the controversy that can follow such a suggestion, it's perhaps not one that will be adopted quite so easily.
"We don't want to keep adding new crypto," Eberhardt said.
Matthew Di Ferrante, developer at the Ethereum Foundation and founder of smart contract company ZK Labs, echoed this cautionary tone. In a discussion on the relationship and trade-offs between privacy and scalability on ethereum, Di Ferrante went so far as to warn the audience.
"If you think ethereum isn't scalable now, or that blockchains aren't scalable now, the further you get the more alarming it is. Everyone likes to talk about the magic, but not many people can write the code," he said.
The statement is notable considering the urgency of the ideas at stake.
In particular, zero-knowledge proofs, due to their ability to compress information in a concise format, could eventually work to reduce information on the ethereum blockchain, thus enabling better scaling.
According to Di Ferrante, such achievements are still possible, they're just a little further down the line.
He told the audience:
"Progress is slow but that doesn't mean it's not possible."
Waiting for privacy
As an example, Di Ferrante pointed to blockchain voting to illustrate the problems faced today.
"A vote of a thousand people would require a thousand signatures each a thousand bytes each. You would never be able to check a single signature due to the block gas limit," Di Ferrante said.
Such a use case is the core emphasis of Di Ferrante's research, which seeks to anonymize proofs through the use of ring signatures - a way of obscuring information in a retrievable way that works by aggregating the data within a group.
Di Ferrante has found that by using bi-linear pairings, a form of elliptic curve that is active within the ethereum virtual machine, various shortcuts in the complex cryptography can be made to minimize the scalability trade-off.
However, while his prototype has a working implementation, Di Ferrante told the audience, "It's just ridiculous, it's way too inefficient, if people started using that as a main service the chain would go down again."
And that wasn't the only sobering note struck at the conference today.
Currently, in order to generate a ZoKrates contract, each individual needs to enact the setup phase themselves, a fact that is perhaps slowing the adoption of zero-knowledge cryptography into businesses built on the ethereum platform.
In the generation of a zk-snark, information is produced that could allow the holder of the information to falsely manufacture transactions, providing the data generated by the zk
Monero: the only altcoin rising vs Bitcoin in the past 2 yearsMonero POLONIEX:XMRBTC is probably the only altcoin which has been steadily rising against Bitcoin COINBASE:BTCUSD in the last two years.
It was called "the only useful altcoin" in the early days of crypto.
As the power of AI and Big Data is becoming increasingly more consolidated into fewer hands, compromising the confidentiality behind transactions on public blockchains is becoming more common. Clustering and data analysis can seriously harm the fungibility of digital currencies - and there could be no functional digital economy without privacy.
Projects like Monero POLONIEX:XMRBTC and ZCash BITFINEX:ZECUSD do tackle many of the privacy threats of transparent chains like Bitcoin. They are certainly a good consideration for long term investment.
Monero: challenging new highs!Monero is in a steady uptrend. See how the RSI-indicator since early november has spend by far most of it's time above the neutral 50 zone while price was trending in a clear upward channel. We seem to have broken horizontal resistance around 0.0305 after a failed attempt mid january which collided with the upperband of the channel (red circle). Currently we have this previous high under attack. Once we have taken out this earlier swing high we are on our way to the ATH! I will be taking profits around 0.04 (or where ever price touches the upperband of the channel), but will return to monero as I love this coin. It is the age of the anon coins and Monero is their leader!
XVG - ON THE VERGE?Hi guys. Here's a quick analysis of XVG/BTC on BINANCE. Enjoy!
• The last time XVG was oversold according to the RSI (Nov. 20.2017) , we saw a dramatic increase in price after 22 days.
• The current RSI trend that began on December 20th is what appears to be a magnified fractal copy of what happened between November 6th and November 26th. At the end of said period we saw an increase in price of over 2500%.
• Over time (since the end of December’s bull run) we’ve seen the price retrace to two very clear Fibonacci retracement levels: 61.8% and 78.60% (which XVG is kissing at the moment).
• Volume has been very low lately and any increase in interest will be reflected here.
In order to see a reversal in the trend, we must remain above the 78.6% FIB level (.00000486 SATS), such reversal will be confirmed when we pass .00000525 SATS.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Factom/BTC Bullish (Up 13% last 24hrs / Mid-Level Entry Price)• Previous bullish channel (18 degree angle) has been broken pushing Factom UP to new resistance of 0.00320121 SATS in a (60 degree angle) rally.
• My EW wave count shows Factom halfway through its current wave cycle. If I'm correct, it is on it's way to the (3rd) point on its current impulse rally (being that middle impulse can not be shortest by EW theory definition) - If the current (very visible) resistance is broken, we will set new targets at:
• Current resistance: 0.00320121 SATS
• Previous resistance: 0.00290110 SATS
• EMA55: 0.00310519 SATS
• RSI: 72.30 - Sideways trend along overbought ceiling
• MACD: Downward Trend
• TARGET #1: 0.00320121 SATS
• TARGET #2: 0.00335001 SATS
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
About Factom
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
Whitepaper: www.factom.com