[XMR] Monero Speculation

[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.

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[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

[cAPSLOCK]

Interesting little low volume run.  I can never really figure out how XMR is going...

[bitebits]

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.

Heard those arguments before with some other coin, now let me think..

I am actually enjoying its time under the radar, once detected there is no way back. Monero is getting more robust and improved on each and every day. So it can carry the heavy weight on its shoulders once the market figures out that next to a store of value (Bitcoin) there is a need to transact without showing the entire contents of your wallet, the amount sent and to whom (to the entire world!). Nobody should ever accept that level of transparency when making a payment, even our current system is not that bad (only the central parties can peek).

There are always cool kids that get the short term attention (smart contracts, ICO's, now Defi). But nobody cares for that fancy stuff once you need to fear for your privacy being breached. Monero will have its time in the spotlight, but be careful what you wish for since it will come with a different kind of resistance.

[explorer]

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

[Febo]

After two weeks of not growing, Monero transactions made ATH agin yesterday. It is very unusual it happened on Sunday that was usually a sow day in a week. It seems today we will have another ATH. Last two weeks there was around 14-17k transactions a day. Now are at 23k.

[sech1]

After two weeks of not growing, Monero transactions made ATH agin yesterday. It is very unusual it happened on Sunday that was usually a sow day in a week. It seems today we will have another ATH. Last two weeks there was around 14-17k transactions a day. Now are at 23k.

Very unusual. I smell another attack on the network. It will be unsuccessful, as always.

[Mime]

Today Monero hits this years High passing $140 conform WorldCoinIndex.

[Globb0]

Great call what yesterday? a single day later and boom.

Back over 74

Here is the chart? flagpole pattern?



So much but what will bitcoin do to us feelings. lol