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Author Topic: [XMR] Monero Speculation  (Read 3303036 times)
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December 10, 2020, 11:33:02 AM
 #42601

XMRBTC chart looking more and more like a quadruple bottom or a 5x bottom.

Feels like April-May 2016 currently.

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December 10, 2020, 03:19:51 PM
Last edit: December 10, 2020, 03:30:43 PM by cAPSLOCK
 #42602

XMRBTC chart looking more and more like a quadruple bottom or a 5x bottom.

Feels like April-May 2016 currently.

Yeah.  It's a little spooky that it keeps ramming into that bottom (beavisbutthead.gif), but on the other hand fundamentally I just don't see it continuing to break down.

Nice to see you Smoothie.  Hope all is well.
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December 10, 2020, 09:03:09 PM
 #42603

XMRBTC chart looking more and more like a quadruple bottom or a 5x bottom.

Feels like April-May 2016 currently.

   Multi-bottom.  That's a weird picture. 

   The floor is hot to touch.  We recoil instantly, every time.  I think if this bottom breaks down, it will be from a huge BTC gap-up.  Would surprise me less though, if XMR just clung to BTC's pant-leg and crawled up it at the same time.  Let's get on with it.
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December 10, 2020, 10:09:48 PM
 #42604

Seems to me to be holding nice and stable on the daily candles

Rising RSI, going up on descending volume?

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December 11, 2020, 01:37:12 AM
 #42605




   A green beacon in a sea of red  Cool
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December 11, 2020, 04:17:46 PM
 #42606

Yup, XMR/USD looks pretty good.  And it's holding its gains better than most coins rn including BTC.  That's really unusual for the most part but we've seen this happen from time to time before.  It's prolly just more people in a 'boating accident'.

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December 11, 2020, 08:32:12 PM
 #42607

Monero has done this a few times recently hasn't it?  Rally in a crypto-wide bear.

I am always trying to imagine the engine for it.  Some macro guru on Twitter who has decided to do the John McAfee style alt pump cycle scam (but maybe with a little more finesse)?  Loading up before the pump?  Someone "washing" their coins?  Organic Monero buying during a bear?

The last one seems kind of the hardest to see... it just does not make a lot of sense.

But Monero has been whipped around recently for sure... It's interesting at least.
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December 11, 2020, 08:48:00 PM
 #42608

Dollar chart daily candles

Can this make its way into the 70% plus RSI?

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December 11, 2020, 10:19:40 PM
 #42609

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

6 weeks passed and still waiting. So boring.

OK 2 months latter.  And maybe just maybe Monero will change its mind to be a stable coin and become normal crypto currency with 100% gains a month.  Now that Russian oligarch found Monera to pay corrupt politicians with it I guess other will notice Elephant in a room also. Wonder what is Queen of England doing right now.
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December 11, 2020, 10:27:07 PM
 #42610

This is a difficult one to stay mad with at the moment.


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December 11, 2020, 10:50:48 PM
 #42611

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

6 weeks passed and still waiting. So boring.

OK 2 months latter.  And maybe just maybe Monero will change its mind to be a stable coin and become normal crypto currency with 100% gains a month.  Now that Russian oligarch found Monera to pay corrupt politicians with it I guess other will notice Elephant in a room also. Wonder what is Queen of England doing right now.
Honestly, the news of Monero to be used for money laundering activities is affecting the price of the coin caused the new Oxygen Orion ought to help in making ridiculous pump the price of the coin but we can't be sure if the statement about Monero to be used to pay corrupt politicians was not fabricated through some people that hate Monero cause statistics to show that 98% of dirty money moved/send through Fiat

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December 11, 2020, 10:52:05 PM
Merited by Globb0 (4)
 #42612

This is a difficult one to stay mad with at the moment.




XMRBTC 1D chart is clearly exhibiting the blessed Xmas tree pattern, obvious miraculous pump coming soon, buy b42l8
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December 12, 2020, 12:11:04 AM
 #42613

   $ AYH...
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December 12, 2020, 03:28:41 AM
Last edit: December 12, 2020, 04:24:53 AM by explorer
Merited by Globb0 (2)
 #42614

 
   Looks like it's swelling up, getting ready to throw out a green shoot.



Trying...



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December 12, 2020, 07:14:20 AM
 #42615

Not sure if the situation will last, but it's still a noteworthy albeit symbolic event: According to CoinGecko, XMR has passed EOS in market cap.
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December 12, 2020, 09:46:57 AM
Merited by explorer (1)
 #42616

Would surprise me less though, if XMR just clung to BTC's pant-leg and crawled up it humped it like a schnauzer at the same time.
ftfy
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December 14, 2020, 04:48:59 PM
 #42617

Target:  XMR at 3k USD some time next year...  Prolly around November.  Too lofty or likely possible?  I have this funny feeling it could get there and flippen a lot of alts in the process.

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December 14, 2020, 05:15:47 PM
 #42618

What a stonking daily candles chart.

Woo hoo

Let it go, let it go!

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December 14, 2020, 06:01:19 PM
Merited by Hueristic (1)
 #42619

I dont understand what was happening from end of October to mid November. But I know that Monero will go fast back to mid October ranges at over 0.01 btc price. Being happy about 0.008 Monero is super silly.

Also MoneroTalk is back. They always talk exactly about the most interesting thing. And this time was about the Research team analysing the implications of quantum computers for Monero's security & privacy

https://www.youtube.com/watch?v=j02QoI4ZlnU

https://old.reddit.com/r/Monero/comments/kcl547/ama_research_team_analyzing_the_implications_of/
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December 14, 2020, 06:17:25 PM
 #42620

So interesting.  What is driving this rally?  With something like a billion dollars in volume (although some of that might be wash trade type shenanigans) it seems unlikely to be driven entirely because of being thinly traded...  I wonder if it is a single buyer or a group, or some yet to be known news?

That said, XMRBTC is looking fairly good.  Could be choppy around this level technically, but that's just it... I think something more than technical stuff is going on.
XMRUSD looks VERY good.  With Monero's claws firmly into Bitcoins pant leg we seem to be getting to go to the prom.

Super curious what might be going on...
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