Hueristic
Legendary
 Offline
Activity: 2646
Merit: 1937
Doomed to see the future and unable to prevent it
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November 24, 2020, 04:56:47 PM |
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Volume is up again, remember what happened last time that happened.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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tokeweed
Legendary
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Activity: 2786
Merit: 1130
Life, Love and Laughter...
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November 24, 2020, 06:08:43 PM |
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^ Check the hourly chart. It's the sell downs that really make up most of the spike in volume. Wtf are these guys doing? It almost feels like they're keeping the price from going up on purpose.
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dragonvslinux
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November 24, 2020, 07:36:34 PM |
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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  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. To come back around to this point, nice observation the other day   I'm still remaining cautious, not interested into anything too speculative right now that's already pumped enough, but eyeing up the pull-back for sure. A re-test of the VPVR point of control and 0.236 fib retracement is definiately an opportunity that would be worth taking now. Hopefully the Weekly candle wicks back down to give us another buying opportunity  I already threw the rest of my trading account into Ether anyway near the lows, the rest of the BTC is on a stop loss, will probably trade XMR/ETH if it's worthwhile... |
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Febo
Legendary
Offline
Activity: 2436
Merit: 1241
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November 24, 2020, 08:13:07 PM |
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I have no ideas what happens this morning. Price went up to 0.0077 and then in 4 hours time down to 0.0066. Someone try to manipulate price? Or is just someone that got rich recently trading. Or there is a big bunch of dumb rich just started trading.
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bitebits
Legendary
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Activity: 1883
Merit: 1817
Bitcoin != exchange rate
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November 24, 2020, 08:20:31 PM |
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Just 16 days until the Monero inflation drops below Bitcoin: https://freeboard.io/board/yM1vLh |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero: on. your. mark, get set, go! |
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dragonvslinux
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November 24, 2020, 08:23:13 PM |
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Oh nice! Thanks for sharing, didn't even know that. It's probably something I should be aware of  I only really care about the fundamental privacy aspect and utility of XMR though, rather than the inflation rate to be honest. I wonder if it will be anything like the Litecoin halving when LTC when on it's own solo moon shot. |
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bitebits
Legendary
Offline
Activity: 1883
Merit: 1817
Bitcoin != exchange rate
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November 24, 2020, 08:32:50 PM |
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^ Monero does not have halvings like Bitcoin and its copy cats. Each new block has a little bit less reward instead, until we go into 0.6 xmr/block tail emission in about 500 days.
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero: on. your. mark, get set, go! |
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joroz
Member
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Activity: 61
Merit: 14
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November 24, 2020, 11:56:23 PM |
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explorer
Legendary
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Activity: 1764
Merit: 1237
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November 25, 2020, 12:06:04 AM |
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I thought it was going to be the huge dump at the bottom video, or an early AP |
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Globb0
Legendary
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Activity: 2520
Merit: 2019
Orthostatic Tremor 16k
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November 25, 2020, 11:37:43 AM |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level.  RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. |
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dragonvslinux
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November 25, 2020, 08:07:38 PM |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level. RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. Your welcome. It's strange looking at ALT/USD charts, I rarely do, but clearly I need to pay a little more attention. My general theory is that soon enough altcoin dominance will rise, but that against USD they will go sideways, even correct a little. This is based on the BTC top coming in soon enough, followed by diversification when Bitcoin pulls back. The general theory that altcoins will pull-back less than Bitcoin, thus gaining dominance, as opposed to actually gaining USD value. Hope that vaguely makes sense... The other way around is Bitcoin consolidating as opposed to dumping, with Altcoins them pumping in both BTC and USD value, but somehow I find this less likely now Bitcoin is at a near 2x in the past 6 weeks ish. But then again, we did see $5K to $10K with "not much" or a pull-back either (like 20%, very briefly), so I guess I should remain more open minded. To me the altcoin dominance bounce signals Bitcoin due to pull-back basically, as opposed to altcoins about to moon moon moon against the dirty dollar. |
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cAPSLOCK
Legendary
Offline
Activity: 2828
Merit: 2059
Inverse Bearish Spike Indicator!
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November 26, 2020, 03:06:04 AM |
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USA Bitcoin fud hits. And Monero holds up fairly well.
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explorer
Legendary
Offline
Activity: 1764
Merit: 1237
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November 26, 2020, 03:45:21 AM |
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USA Bitcoin fud hits. And Monero holds up fairly well.
What 'news'? |
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elrippos friend
Full Member
 Online
Activity: 1144
Merit: 177
only hodl what you understand and love!
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November 26, 2020, 07:12:51 AM |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level. RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. Your welcome. It's strange looking at ALT/USD charts, I rarely do, but clearly I need to pay a little more attention. My general theory is that soon enough altcoin dominance will rise, but that against USD they will go sideways, even correct a little. This is based on the BTC top coming in soon enough, followed by diversification when Bitcoin pulls back. The general theory that altcoins will pull-back less than Bitcoin, thus gaining dominance, as opposed to actually gaining USD value. Hope that vaguely makes sense... The other way around is Bitcoin consolidating as opposed to dumping, with Altcoins them pumping in both BTC and USD value, but somehow I find this less likely now Bitcoin is at a near 2x in the past 6 weeks ish. But then again, we did see $5K to $10K with "not much" or a pull-back either (like 20%, very briefly), so I guess I should remain more open minded. To me the altcoin dominance bounce signals Bitcoin due to pull-back basically, as opposed to altcoins about to moon moon moon against the dirty dollar. That´s more or less what i am saying the whole time. XMR is very stable in FIAT terms, even gaining and it is a pretty simple calculation against BTC to guess, with some RSI and FIBO charts, were it will land |
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explorer
Legendary
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Activity: 1764
Merit: 1237
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November 26, 2020, 07:53:01 AM |
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Oh that. Any excuse will do, when the dip is due. |
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bitebits
Legendary
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Activity: 1883
Merit: 1817
Bitcoin != exchange rate
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November 28, 2020, 06:39:34 AM |
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In case you were wondering why that other "privacy" coin is listed on Gemini or Coinbase. With all those altcoins out there, it is quite amazing how little competition the Monero project (2014) has today. Network effect is real.  https://twitter.com/JEhrenhofer/status/1332552672185098240 |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero: on. your. mark, get set, go! |
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explorer
Legendary
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Activity: 1764
Merit: 1237
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November 28, 2020, 10:01:08 AM |
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If BTC plunges another $3-4K, what does XMR do? Say fuck it, and go on a tear? or get dragged or pushed down? It's been a bit like a balloon on a long string in a wind storm, lately.
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Febo
Legendary
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Activity: 2436
Merit: 1241
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November 29, 2020, 02:47:23 PM |
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It's been a bit like a balloon on a long string in a wind storm, lately.
Monero goes 10% up or 10% down in a day. But at the end of the week it is still $120 as it was at the start. Best stable coin out there. I am bored of this $12x&$13x prices. Time to move on.
6 weeks passed and still waiting. So boring. |
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