Do you guys really think that it can go under 0.0024?
Absolutely.
It is not even very far away... Looks like the 0.00265 Fib has been broken so it is doomed to go lower.
Short term is bearish... Mid term still bullish and long term bearish.
I hate to face the reality as it is but this is the current situation.
I was anticipating new ATHs soon but it didn't come so down we go.
The good thing is, when the price declines, the community gets more Moneros for their bitcoins so patience is the virtue here.
What do you mean by "long term bearish"?
From last year. We are still sub 0.0111 which was the ATH.
I thought when we are speculating about the long-term being bearish we mean in the future not the past.
Were you really anticipating an all time high from this last uptrend?
and because it did not hit an all time high which was virtually impossible, now its going down?
Hopefully we have a strong uptrend after the summer. Sorry fluffypony, northern hemisphere bias.
Yes, it has to show some real strength in order to have a true change in trend.
Personally I am refusing to support these levels now.
If there is a buy wall, it is a good chance to dump, not pump - IMO. And this is the situation currently (I say this because I am speculating some trolls appears later and reposts these words of mine).
In the future I don't know... Most likely Monero will die, chances for this is still pretty high.
However if it will not die, it will go to sky highs and replaces bitcoin (marketcapwise).
I don't suggest overweighting in Monero. Remember the diversification among the assets. I am not available for buying Monero since I am preparing other business right now totally unrelated to Monero.
which time frame do you consider as "mid term"?
i will hold my moneroj at least the next 12 months
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