[XMR] Monero Speculation

[Entei]

I was reading the previous comments and many are right and in this case we can know that Monero has its own path of appreciation despite following the appreciation of Bitcoin where the entire market follows this line. We can say that one day there will be a market crash in relation to the separation of each altcoin we can say that Monero is in great condition to move on alone.

[1656830503]

1656830503

[1656830503]

1656830503

[1656830503]

1656830503

[1656830503]

1656830503

[1656830503]

1656830503

[kurious]

We have roughly 2 weeks for levelling out the bottom, so let´s 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.

[Smartprofit]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re 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.

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s 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  

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re 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 doesn´t fit Moneros character 

[cAPSLOCK]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re 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.

I would LOVE for someone to explain to me why I should be excited about Tari.  Another "digital assets platform"?  Meh.  It sounds like ICOs and DeFi on Monero to me.

I originally thought Tari would be a lightning like layer 2.  Maybe it is also that?  I don't know.

I feel like I have fairly decent feelers and seers when it comes to future value... it's why I got into XMR in the first place. 

I'm just not feeling/seeing Tari.  Would some generous soul explain it to me?  Or tell me where I can read about what it is that does NOT sound like the marketing blurb on the website?  I feel like it's putting the fluff in fluffy.

[kurious]

^merited for 'putting the fluff in fluffy' 

[elrippos friend]

0,0067 seems to be a hard border to cross, BUT ....

[Globb0]

I zoomed out a bit on the daily.

I note the recent "peak" was not a bart pattern

RSI pretty low, scanning along the time in the chart each time it went that low there was some subsequent up.

Also I got my Monero back that I left behind on way up.     yay

[dragonvslinux]

I zoomed out a bit on the daily.

I note the recent "peak" was not a bart pattern

RSI pretty low, scanning along the time in the chart each time it went that low there was some subsequent up.

Also I got my Monero back that I left behind on way up.     yay

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 

[Globb0]

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.

[dragonvslinux]

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.

[elrippos friend]

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 

[dragonvslinux]

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...

[alaskabm]

In terms of xmr\usd price is holding well.

I'm just trying to understand what btc is going to do.

Do you guys think it will hold 17-18k, go for a correction to 11-13k or pass the 20k range towards 25k?

[elrippos friend]

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 

[Krimster]

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.

[explorer]

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  

[Hueristic]

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.

   0.006443 (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  

I was going to long at .0075 but was too lazy to figure out binance margin system.

Now I'm reconsidering learning it again.

[explorer]

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.

   0.006443 (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  

I was going to long at .0075 but was too lazy to figure out binance margin system.

Now I'm reconsidering learning it again.

Yep.  When I close the short I'm flipping full margin long, and just ride out what's left of the dip, and see how long I can keep my fingers out of it for.  What fun it was to find some bits and pieces still on polo after my hiatus.

There's .006414...