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slap
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August 06, 2015, 03:45:30 PM |
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Looks to me xmr is being used as an hedge against btc.
In other words; btc down, xmr up.
Can someone confirm my thoughts on this?
thnx in advance
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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S3052
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Activity: 2100
Merit: 1000
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August 06, 2015, 03:49:25 PM |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around  We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com |
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TrueCryptonaire
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August 06, 2015, 03:49:48 PM |
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Looks to me xmr is being used as an hedge against btc.
In other words; btc down, xmr up.
Can someone confirm my thoughts on this?
thnx in advance
If Monero succeeds it will go up regardless of bitcoin. Monero should not be dependent on bitcoin - the only connection is you get less btc with your fiat if btc goes up and therefore you are able to pour out less btc also on xmr. I have sold some coins and was able to fish almost all of them back with a nice discount of around 5 %. And I am willing to increase my position if you guys feel like dumping.  I have some btc left that I acquired today waiting for you all ye dumpsters. |
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vokain
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August 06, 2015, 03:49:53 PM |
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Looks to me xmr is being used as an hedge against btc.
In other words; btc down, xmr up.
Can someone confirm my thoughts on this?
thnx in advance
What do you think? If some asset A is priced by another asset B, what is A's general price relationship to B? |
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TrueCryptonaire
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August 06, 2015, 03:51:14 PM |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com You can make money also by following me. It is a premium thing but for free. |
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S3052
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August 06, 2015, 03:53:32 PM |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com You can make money also by following me. It is a premium thing but for free. Nice! The more the merrier  |
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dEBRUYNE
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August 06, 2015, 04:08:18 PM
Last edit: August 06, 2015, 04:49:03 PM by dEBRUYNE |
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24 was irresistable too. While traders and hedgers tend to think in terms of btc (cost basis), miners (suppliers) tend to think in terms of local fiat (cost basis). USD 0.1 and 0.05 increments are psychological levels, probably. If there are mining hoards in weakish hands the recent 40% rise should coax them out of hiding. If such hoards are depleted, this ramp could run for quite a while. Amusing: btc is more stable than climbing USD, over the past few months. Obviously a superior reserve currency Aside: I am long wheat futures for a nice swing. Watching oil and gold for capitulation Real Soon Now. When that happens I expect to short EURNOK again.Regarding Oil: It broke it's YTD support zone of 46.xx (which was tested two times this year), so there is room to go down. However, we got the 41.xx support zone coming up (from 2009). Do you think it will capitulate in that zone? Because if that breaks there is a lot of room to go down. Also, there are some rumours Iran's sanctions are lifted and thus supply will increase ( http://www.bloomberg.com/news/articles/2015-08-02/iran-s-oil-minister-says-output-to-rise-one-week-after-sanctions). Regarding Gold: I think it has a lot of room to go down, but I mainly base this of Armstrong's predictions. In addition, it's still way above the long term mean:  Regarding XMR: Weekly MACD is turning green, in the past the meant a lot of room for upwards movement. However, there are a lot of resistances coming up before we'll surpass 0.003 @S3052: Great report, keep those going! |
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S3052
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August 06, 2015, 06:05:48 PM |
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24 was irresistable too. While traders and hedgers tend to think in terms of btc (cost basis), miners (suppliers) tend to think in terms of local fiat (cost basis). USD 0.1 and 0.05 increments are psychological levels, probably. If there are mining hoards in weakish hands the recent 40% rise should coax them out of hiding. If such hoards are depleted, this ramp could run for quite a while. Amusing: btc is more stable than climbing USD, over the past few months. Obviously a superior reserve currency Aside: I am long wheat futures for a nice swing. Watching oil and gold for capitulation Real Soon Now. When that happens I expect to short EURNOK again.Regarding Oil: It broke it's YTD support zone of 46.xx (which was tested two times this year), so there is room to go down. However, we got the 41.xx support zone coming up (from 2009). Do you think it will capitulate in that zone? Because if that breaks there is a lot of room to go down. Also, there are some rumours Iran's sanctions are lifted and thus supply will increase ( http://www.bloomberg.com/news/articles/2015-08-02/iran-s-oil-minister-says-output-to-rise-one-week-after-sanctions). Regarding Gold: I think it has a lot of room to go down, but I mainly base this of Armstrong's predictions. In addition, it's still way above the long term mean: Regarding XMR: Weekly MACD is turning green, in the past the meant a lot of room for upwards movement. However, there are a lot of resistances coming up before we'll surpass 0.003 @S3052: Great report, keep those going! Thanks! Will do! And likewise |
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jehst
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August 06, 2015, 06:47:55 PM |
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XMR is mostly traded in BTC. But if the demand for XMR is denominated in fiat, then XMR:BTC will rise when BTC:USD goes down.
Perhaps the people who are buying XMR are thinking in terms of fiat, not BTC.
If that's true, then the lower BTC:USD goes, the stronger the possibility that XMR decouples from BTC completely or even surpasses it.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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TrueCryptonaire
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August 06, 2015, 06:53:13 PM |
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My speculation:
I lifted my trading/marketmaking sell a few hours earlier since Monero looks strong right now.
The bull trend is pretty early and as said, the ressitance is 10-15 % ahead from the current price level.
For an accumulator the resistances are sweet spots to hoard larger amounts.
Current level is a miniresistance but the volume is here right now so I would not be surprised if we would reach the next resistance zone in upcoming days.
I hope the liquidity stays in the markets.
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hodlmybtc
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August 06, 2015, 07:01:04 PM |
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Liftoff, blasted through resistance  |
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MilkyLep
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August 06, 2015, 07:15:01 PM |
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Cmon guys I said dump not pump, whats with all the competition?  So I can't imagine there will be many profit takers sub .003. Seems more like time to buy back in level and see where this goes? |
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pinky
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August 06, 2015, 07:15:39 PM |
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Green daily dildo. |
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SmoothCurves
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August 06, 2015, 07:22:21 PM |
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Green daily dildo. Monero is pumping hard! I think many people are starting to hear about Monero and looking into it. It's hard not to be impressed with Monero tbh. |
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TrueCryptonaire
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August 06, 2015, 07:27:48 PM |
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Cmon guys I said dump not pump, whats with all the competition? So I can't imagine there will be many profit takers sub .003. Seems more like time to buy back in level and see where this goes? I've sold already once in about 0.003... Why should I do it for the second time? There are now middle sized buyers in the markets. Waite until there will be large ones... Then it could take us much more on daily basis. The most important thing is to keep in mind not to sell too early. |
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aminorex
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Sine secretum non libertas
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August 06, 2015, 07:29:29 PM |
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On 7/10/2015 we (BullBear Analytics) issued a trade idea
I offered less analysis, but scooped you by 5 days. Neener-neener;) |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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TrueCryptonaire
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August 06, 2015, 07:36:47 PM |
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Glad nobody bought my Moneros... If it drops, I will be there for the coin. Been scooping approximately 1000 XMR also today (more than 5 % of today's emission) and I am happy for each of them. |
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aminorex
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Sine secretum non libertas
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August 06, 2015, 07:36:51 PM |
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Regarding Gold: I think it has a lot of room to go down...
I agree. It's important to qualify estimations with their time scale, and I am thinking on the order of days, not months, in my comment. I don't actually plan to take a view on oil, but consider the highly correlated pair to be a signal for EURNOK. I try not to answer questions unless I have what I deem to be an evidence-based estimation with some sort of error bars, so pardon the restraint of my reply. I just haven't done that much homework. If I see a bounce about this time next week, I will probably hit it. Everyone is so bearish on oil that some pain needs to be administered to the levered shorts. Players gotta run stops, you know. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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luigi1111
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August 06, 2015, 07:48:59 PM |
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Glad nobody bought my Moneros... If it drops, I will be there for the coin. Been scooping approximately 1000 XMR also today (more than 5 % of today's emission) and I am happy for each of them. Actually >7.5%  |
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S3052
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August 06, 2015, 07:51:39 PM |
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On 7/10/2015 we (BullBear Analytics) issued a trade idea
I offered less analysis, but scooped you by 5 days. Neener-neener;) Well done!!! That 0.0018 area was a GREAT place to accumulate. Might not see it again for awhile barring some technical issue, attack, or bitcoin catastrophe. We will definitely be reloading back at 0.002 if it gets there. |
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