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Presently a hard drop to 0,0068 i think this will get bloddy....
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Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.
0.006434 (binance) is officially low .006x already. I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  I guess now is not the time to go to work. According to elrippos friend I will have to let a couple jobs float until December, just to be sure. Working is a poor life choice anyway  In my world 0,0064x is mid 0,006x but fine for me to call it lowish 0,006x |
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From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.  If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  This being a speculation thread that sounds like a lovely buy the dip oppoertunity. Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience. There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value. I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble. I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%. I'm airing on the side of caution right now. Wait until the first December week and place your orders near to 0,0060 Why the first week of December you say? I'm curious... Simply because this is a pattern we already had in April and May 2016 and at the moment speaking the behaviour is exactly the same in my opinion |
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From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either. If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally This being a speculation thread that sounds like a lovely buy the dip oppoertunity. Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience. There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value. I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble. I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%. I'm airing on the side of caution right now. Wait until the first December week and place your orders near to 0,0060 |
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0,0067 seems to be a hard border to cross, BUT ....
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IRS bounty for tracking Monero has already been claimed. But if you know any other one, let me know.
Who took the bounty and what results did they have for the IRS? Chainalysis? They are only good for tracing bitcoin transactions and other blockchains that are not private, similar to zcash and Dash. They do not have the capability to hack, exploit or break the cryptography behind Monero's privacy. I believe the "bounty" was also fullfilled by other criteria that did not break Honey Pony's proofs. It was a cheap FUD move. Like our incompetent "hacker" who can not proof a thing |
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We have roughly 2 weeks for levelling out the bottom, so letīs see how it develops  I know youre bullish. But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02? Currently, all investors' attention is directed towards bitcoin. As a result of the fall update of the Monero code, the price of the coin has risen above 0.01 BTC. That being said, the XMR price is currently 0.068 BTC ($ 122). Monero hashrate is 1595 MH / S and this figure is growing. The next code update will be in the spring of 2021. Also in the spring of 2021 (with a high degree of probability) the launch of the main network of the Tari digital asset platform will take place. https://www.tari.com/Bitcoin price will be above $ 20,000. Investors will be looking for similar but undervalued cryptocurrencies. In my opinion, in 2021 the price of Monero could exceed 0.02 BTC. The price of Monero will exceed 0,02 by far, everything else doesnīt fit Moneros character |
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We have roughly 2 weeks for levelling out the bottom, so letīs see how it develops You may be right, Monero used to have December lows, then a spring renaissance. With Bitcoin ripping away it is hard to predict anything, other than there will of course be another run up. I am sure we will see the USD ATH smashed once again in this cycle. Let's see what pans out, you have been right so far. I did sell a chunk in 2017 - but I have only sold to scalp back more coins since it all cooled down in 2018, I am now happy to wait until the rally to come. I hope i am right, i would be happy to see low 0,006 but i always also would not mind to buy back at the actual price |
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We have roughly 2 weeks for levelling out the bottom, so letīs see how it develops |
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Thousands of cars lined up to collect food in Dallas, Texas, over the weekend, stretching as far as the eye can see. Poor Americans are forced using their cars (on credit) to stand in a food line for hours and the crazy thing is they actually believe they live in the best country in the world.  https://twitter.com/CBSNews/status/1328370997125410817Reminds me of the gas lines in the 1970's. Sad, but this is what we call a "Republican" state. Kind of like the eurotrash you find in some countries in Europe. What do you mean by "eurotrash" |
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Thousands of cars lined up to collect food in Dallas, Texas, over the weekend, stretching as far as the eye can see. Poor Americans are forced using their cars (on credit) to stand in a food line for hours and the crazy thing is they actually believe they live in the best country in the world. https://twitter.com/CBSNews/status/1328370997125410817With the best president available on the market |
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Art this point I think the salient question is do we punch through the floor? Or do we make a higher low. Place your bets.  I'm betting on a higher low. If this was a depressing bear market, maybe a dip to a new low. But now? Doesn't sit well with me. I don't lose by betting on a higher low. If I buy a little too soon, and it spikes down to a new low and back up while I sleep, I'm happy with my purchase. Anything with 2 leading zeros is cheap coins next year. month. My prediction stands, but as we saw from the past double zeros are and propably always will accompain Monero in a dip  |
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Well, and after all that has happened, so am I, really. Lol. But I can handle the stress. Good to know that i am officially not alone in the nutshell on the open Oh and I jut want to say..
Montero, you are weird. Up like crazy, down when others go up. Hide in the crowd going down. Then up when everyone else goes down.
You know what this tells me?
It tells me Monero is being constantly used for something(s) aside from speculation, which is all the rest of the sector other than the corn is being used for.
Te people buying Monero are weirdos   Someone big is buying Monero... this is a market shake out trying to part some week hands of their sweet XMR. I don't trust this dip. Buy buy buy! (Sort of related, but not really, Freebitcoins.com has listed Wownero... which is a fork of Monero, but has ten times the coins for ten times the WOW! lol ) I guess we are levelling out the bottom, so there are some minor dips coming over the next two weeks to the low 0,006 figures  |
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Breathing on 0.0067xx
Looks like some shorts closing in this range.
I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago. In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.  I think .0061 would be very hard to get to, and I would hate to see it that low again. On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down. All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast. A strong reversal above the 0.0061 range is what I want to see. It is hovering a couple bucks lower than I guessed... But of course I can redraw all my lines to fit this number. But in all seriousness this is where I saw it breaking through and where i figured support would form. What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD. So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate. On the other hand I was a professional audio engineer for almost my entire career. What the hell do I know?  Looking at your chart, It looks like a few weeks until going on a tear. Some more down in the mean time wouldn't change that at all, in my mind. This rhymes with El Rippo's BTC:XMR forecast as well. His lower target receded some, with the speed of the drop, but otherwise is playing out on schedule. The chance of a break down instead of up I can't really concede; to what end? Is it broken? All metrics point up. Tx rate exploding, tech constantly updated, easier to use, more need than ever for privacy. Anything that happens in the mean time is just whales splashing: impatient for the tide. As the BTC-XMR ratio is dropping, people in here are getting more and more emotional and frustrated, which i personally can fully understand and if i am criticized for some harsh predictions i am aware that i am hurting peoples feelings, so in order to scope with that, i truly apologize I mined my first Monero block in February 2015, i did have absolutely no clue about price behaviour, analysis of anything, circumstances impacting prices, adoption, technical perspectives and juristictions and so on. I stumbled over Monero because i read an article about a BTC millionare analysing crypto, how to tell if it is a scam, how to rate if a coin is legit, how to predict the future of a coin and that happened to be Risto. So i am in since 2014 and i think i made the large portion of mistakes that one can make. I started wit 11,6433989 Monero, accumulated and tried to trade, lost in trading, accumulated again, again lost in trading and repeated that cycle for several times, so i know how it feels like if you lose your beloved Monero because you are lacking knowledge. I hope i am coming on the way and i am glad that my prediction played well until now, but i think -as explorer already mentioned- we will see low 0,006 and eventually a panic dip for the high 0,005 to accumulate some nice and fresh Monero. So guys, please don't get me wrong, just trying to benefit from my earlier mistakes and hopefully make up some of that lost trading experience from the past Nothing you have ever said or predicted has ever upset me in the slightest. This is what this thread is for in fact. I appreciate your input. Thanks, good to hear I also appreciate the input of everybody in here |
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Latest chart is looking a bit bleak again.  Still I will flip my small forey back into Monero. Got to believe in it. This fud is so empty. I don't see any substance in it! Was thinking the other day that price needs to bounce back to stand a chance, but looks like this has started to happen now at least:  Finding support from the 0.236 fib retracement and VPVR point of control, finally bounces from a the third TD 9 "buy signal" in a row... On a Weekly time-frame, the price strength hasn't yet confirmed bearish momentum (<40), which is hopeful:  Just a shame I didn't sell half at 0.0115 when price had doubled and was clearly overbought, you win some you lose some I guess! Well, that was my anticipation |
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