Monero (XMR) Price Report with Mr. W [VIDEO]

At The Crypto Vigilante (SUBSCRIBE), our analyst team is in agreement that the four-year Bitcoin and crypto cycle likely hit its peak in April of last year, meaning we’ve been in a bear market since then. 

“There was, however, a reflex that was unexpectedly higher in Bitcoin that threw off the cycles of all cryptocurrencies in the fall of 2021,” says Mr. W, Crypto Market Technician at The Crypto Vigilante (SUBSCRIBE). Mr. W was a recent guest on the latest episode of Monerotopia

Mr. W is an experienced technical analyst and trader who has been charting professionally for more than a decade. He is proficient in statistics, econometrics, derivatives strategies, and fundamental analysis. 

As Mr. W explained, what typically happens after a Bitcoin cycle is that Monero (XMR) and other privacy coins will catch a bid as many of those profits are often washed. 

At the beginning of the year, when the Bitcoin cycle had topped out again, funds came into Monero. And when the tide went out on the whole space, essentially Bitcoin started breaking down, then we had another low and more consolidation. 

Mr. W doesn’t see anything imminent that indicates we’re about to go to the moon, even though the fundamentals and the news indeed suggest that we should be heading in that direction.

There are many signs of accumulation, which means HODL. Suppose the market does that over the next month or two, especially while the whole space remains under pressure for numerous reasons such as government regulation, artificial interest rates, and all these kinds of extraneous things. In that case, we’re looking at a great summer and fall when the seeds planted now will blossom. 

“However, if we get some kind of big crackdown in the EU or a G7 country on privacy tech or crypto in general, then there could be a spike,” says Mr. W

If some macro or a regulatory event sends prices down, contrary to what the other fundamentals suggest, the 0.002 level on the BTC pair and the $100 level on USD is where Mr. W considers reasonable prices to load up on those long-term positions in case the economy gets terrible. 

Enjoy the full video here: 

Watch on: Odysee | Rumble | YouTube | 

The more the politicians try to ban everything, the more that proves the whole point of why we need these technologies to prevent that type of financial terrorism from happening. 

Investors will realize the truth reasonably quickly after the spikes lower, but there might be a brief 40%, 50%, or 60% correction down in both of these pairs if we see some kind of regulatory news that shocks the market. 

Mr. W sees a spike happening at the same level as the 2007 financial crisis, or even the stock market plunge at the onset of the plandemic, resulting in some incredible new highs soon afterward. 

Mr. W and the team at The Crypto Vigilante (SUBSCRIBE) provide regular price updates for TCV members. 

The recent Freedom Convoy in Canada has spurred new conversations about financial privacy and cryptocurrency. People want to prepare and protect themselves from the economic tyranny that has already begun in Canada and is coming to other countries. 

The Canadian truckers could’ve avoided $15 million in stolen donations if they had just used our crypto privacy strategy. 

We encourage you to download and share our brand-new FREE special report, available for a limited time here: 

The Crypto Vigilante (SUBSCRIBE) is the premier financial newsletter specializing in crypto asset markets.  Grounded with a strong foundation in the roots of free market Austrian economics, TCV provides its members with unparalleled technical and fundamental analysis on the crypto markets, as well as education on maximizing personal freedom and autonomy through privacy and operational security via strong cryptography. 

Rafael LaVerde

Rafael LaVerde has a background in private equity and venture capital. He discovered Bitcoin in 2012 while volunteering on Ron Paul's presidential campaign. He served as board member of a Libertarian Super PAC while doing post-graduate work in economics, and was also a member of the University of Texas’ Mises Circle. His formal education includes graduate degrees in continental philosophy and psychology. He has been a Bitcoin miner since 2014. Rafael also managed investor relations for the BitAngels Network, which helped finance the vast majority of early Bitcoin startups, and was also part of the DApps Fund team that revolutionized funding structures that eventually became known as ICOs and STOs. He was also the founding partner of what became one of the very first Bitcoin venture capital funds.