[XMR] Monero Speculation

[dEBRUYNE]

i share TC's view. bids are not strong enough so we can absorb dumps like that for long time. if they dont show up as bids again, price wont be able to hold support.
as long as they trade inside a range like normal shorters do, its fine. what we dont want is people cashing out and walking away. shorters always buy back and therefore providing liquidity on the bids sooner or later, helping build up support once they re enter.

what he said is something bullish in the end.

I agree with your comment.

In case I interpreted his comment wrong, I stand corrected. Anyway, I think that 30k dump was more of a one-of-a-kind type than the usual. Bids seem to be regaining strength now, so hopefully we can stay in this area and continue the uptrend soon.

[hitchingAride]

The bid volume is way up I bought in when the bid volume was a fair amount below 100 btc. We have strong buy side support walls I am still bullish on xmr and believe the support is strong enough to resist such dumps. Their could be a correction to around 145K but even so we are seeing higher highs and higher lows we are in a bullish trend and the overall trend will override extremely short term swings.

[thelibertycap]

i think this is not yet fully priced in: https://trello.com/b/5R2ly4mV/monero-community-contributions
it is finally the right step that was missing before a proper website and marketing efforts could materialize
let's see how much content and of what quality can the community bring in

[pa]

Newbie question when you say 30k or 145k is that the price measured in satoshi

Yes.

[newb4now]

Don't forget to vote for Monero!

https://bitcointalk.org/index.php?topic=1333042.msg13666268#msg13666268

[Hueristic]

I woke up this morning thinking this would happen but decided not to sell as it is just too brutal to buy v/s these fucking BOTS!

[wpalczynski]

I woke up this morning thinking this would happen but decided not to sell as it is just too brutal to buy v/s these fucking BOTS!

Where do you see the bounce?

[saddambitcoin]

You could make your own bot and join in the fun!

[ArticMine]

The market capitalization of Monero in USD has reached a new high, exceeding the August 2014 peak. This is very relevant because of the emission curve of Monero https://coinmarketcap.com/currencies/monero/#charts

[GreekBitcoin]

The market capitalization of Monero in USD has reached a new high, exceeding the August 2014 peak. This is very relevant because of the emission curve of Monero https://coinmarketcap.com/currencies/monero/#charts

The weekly volume in XMR was the highest ever at least from what i see on bitcoinwisdom.

[Hueristic]

I woke up this morning thinking this would happen but decided not to sell as it is just too brutal to buy v/s these fucking BOTS!

Where do you see the bounce?

Let me check.
http://www.ask8ball.net/

Actually I see alot of skittish action going on but the trend is nice. Whatever happens it will be big me thinks.

You could make your own bot and join in the fun!

Really wish I still could

[medusa13]

can it hold? drop more?

bids down, difficulty still somehow up, asks regain strength. my guess was 145 but now it lookes like 134 might be it?
we need more charts in this thread.

btw option 145k seems not to be completely off the table yet

[TrueCryptonaire]

The longer it takes to get more btc chasing after Moneros the lower the price goes. Monero cannot sustain a stable price for a long period of time.
Monero has gravity towards 0 and it needs contantly external forces to give some speed to it if it is wanted to land on the Moon.

And no, I am not trading, I am only doing my best to lend some of my Moneros on the lending markets but it is hard job to do since there are very few people willing to take short positions. Shorters are good for Monero community and they help sustaining longer term growth because they need to cover their asses when the price starts falling like a hot potato.

[dEBRUYNE]

The longer it takes to get more btc chasing after Moneros the lower the price goes. Monero cannot sustain a stable price for a long period of time.
Monero has gravity towards 0 and it needs contantly external forces to give some speed to it if it is wanted to land on the Moon.

And no, I am not trading, I am only doing my best to lend some of my Moneros on the lending markets but it is hard job to do since there are very few people willing to take short positions. Shorters are good for Monero community and they help sustaining longer term growth because they need to cover their asses when the price starts falling like a hot potato.

Currently it is still a (healthy) retrace. It also retraced pretty sharp when we peaked at 145k initially. Thus, I would say give it a few days (might be somewhat longer) and make a new assesment.

[wpalczynski]

We need dnaleor in here with some current charts.

[dnaleor]

We need dnaleor in here with some current charts.

lol  


We still possibly are in the fast uptrend, and we are still above the upper bound of the previous trend channel:

(click to enlarge)

Short term we see a consolidation > 0.0014 with a downtrend. This will probably resolve itself on jan 27-28 (hopefully in a positive way )

(click to enlarge)

[wpalczynski]

It just feels like it wants to dip below 14 before continuing up.

[newb4now]

It just feels like it wants to dip below 14 before continuing up.

Fundamentals keep getting better with Ring Confidential Transaction code being visible now. As emission keeps slowing the downward selling pressure from miners may continue to diminish:)

[Bassica]

Alright guys, time for someone to step up and blast us through the resistance at 167k. 22k xmr is all it takes

See you at the next stop @ 175k.

[dEBRUYNE]

Alright guys, time for someone to step up and blast us through the resistance at 167k. 22k xmr is all it takes

See you at the next stop @ 175k.

If it manages to break through 167-168k I could see us going to 200k, nearly no resistance after that. Perhaps 180-185k.

Also, 4h and 6h MACDs are bound to flip to green.