[XMR] Monero Speculation

[explorer]

USA Bitcoin fud hits.  And Monero holds up fairly well.

What  'news'?

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[bitebits]

USA Bitcoin fud hits.  And Monero holds up fairly well.

What  'news'?

https://twitter.com/brian_armstrong/status/1331744884856741888
https://threadreaderapp.com/thread/1331744884856741888.html

1/n Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

[elrippos friend]

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 

[explorer]

USA Bitcoin fud hits.  And Monero holds up fairly well.

What  'news'?

https://twitter.com/brian_armstrong/status/1331744884856741888
https://threadreaderapp.com/thread/1331744884856741888.html

1/n Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

   Oh that.  Any excuse will do, when the dip is due.

[bitebits]

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

[explorer]

   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.

[Febo]

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.

[Hueristic]

I am bored of this $12x&$13x prices. Time to move on.

6 weeks passed and still waiting. So boring.

We moved on, just in the wrong direction.

[Hueristic]

  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.

We may have to wait for the next big institutional grab of btc liberties before we see reversal.

I doubt we will have long to wait for that to happen.

[dragonvslinux]

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  

It's ironic, I got what I wanted. The Weekly candle is now looking like at reversal doji at the lows with high volume to support this theory.



But also the Week is threatening to close under the VPVR point of control and 0.236, which dragon doesn't not like as it's a bearish sign.

Is this the moment where you're supposed to close your eyes and press the buy button as it's the price you wanted a week ago? Not convinced 

[explorer]

  Currently resistance at the contentious longer term trend line.  Loose Cannon on deck.



   Zoom:

[cAPSLOCK]

Fun.  Monero doin random Monero stuff like it likes.

[Globb0]

OK guys if you think for now dollar chart is best for sanity cos BTC volatility, its harder to meaningfully read that chart.


Here is my todays offering, the dailies in dollar price back a while.

The trenches are being dug deeper each time on both sides of the line!

[cAPSLOCK]

OK guys if you think for now dollar chart is best for sanity cos BTC volatility, its harder to meaningfully read that chart.


Here is my todays offering, the dailies in dollar price back a while.

The trenches are being dug deeper each time on both sides of the line!

FWIW, I like looking at both XMRBTC and XMRUSD.  I think the former is more important, but I think they are both useful to see.

[kurious]

Agree with cAPSLOCK on the XMR/BTC - the USD price is nice to see, but it's the price against BTC that matters - an asset that rises against BTC means you're better off than being in BTC itself.



This looks like a solid bottom to me - it's been thoroughly tested - around the 0063 mark - I think it won't break down from here.  In Spring we should be spiking up to around the .013 mark.  Our patience will be rewarded.

[Globb0]

I have been looking at this "hard" bottom a while.

Here is the extreme zoom out chart, massive 1 week long candles.

Not too much scribbling, I just wanted to note the seemed 3 descending stages of volume :/ (I thought there were rising number of transactions?)

At this view its got scary sort of bouncing cat look to it.




Is there a point to go long? hmmm I don't know but here is a extreme zoomed in chart different exchange.

Binance. Looks almost like some one on here is actively attempting a bit of down. (hourly candles)

[tokeweed]

Agree with cAPSLOCK on the XMR/BTC - the USD price is nice to see, but it's the price against BTC that matters - an asset that rises against BTC means you're better off than being in BTC itself.



This looks like a solid bottom to me - it's been thoroughly tested - around the 0063 mark - I think it won't break down from here.  In Spring we should be spiking up to around the .013 mark.  Our patience will be rewarded.

Yup.  The goal really is to get as much value from the market.  So the best move would be to look for an exchange that allows you to trade on margin using XMR as the collateral and go long on BTC/USD, ETH/USD or whatever moves faster than XMR.  

Use the profit to buy more XMR.

[explorer]

Agree with cAPSLOCK on the XMR/BTC - the USD price is nice to see, but it's the price against BTC that matters - an asset that rises against BTC means you're better off than being in BTC itself.



This looks like a solid bottom to me - it's been thoroughly tested - around the 0063 mark - I think it won't break down from here.  In Spring we should be spiking up to around the .013 mark.  Our patience will be rewarded.

YOUR LINE IS TOO DAMN LOW. (insert Samuel L Jackson meme here) 




When creating art, the lines must be more pleasing to the eye.

[boltz]

Monero always had it's personal random growth so this time won't be different. Some people are still scared to invest into Monero because of what TV's and some shows told about it that is used for black markets and so on but in my opinion, XMR was always a great choice for a long term investment and it will have it's time again, I'm sure about it. For now, Bitcoin has all the attention and altcoins are having almost none.

[kurious]

Agree with cAPSLOCK on the XMR/BTC - the USD price is nice to see, but it's the price against BTC that matters - an asset that rises against BTC means you're better off than being in BTC itself.



This looks like a solid bottom to me - it's been thoroughly tested - around the 0063 mark - I think it won't break down from here.  In Spring we should be spiking up to around the .013 mark.  Our patience will be rewarded.

YOUR LINE IS TOO DAMN LOW. (insert Samuel L Jackson meme here) 




When creating art, the lines must be more pleasing to the eye.

I am sadly severely OCD, I have to get the lines strictly on the bottoms (insert NSFW pic in your mind if you wish).  I can't do art