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mrkavasaki
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August 11, 2015, 11:39:41 AM |
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Back to sub 0.0020 soon  |
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canth
Legendary
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Activity: 1442
Merit: 1001
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August 11, 2015, 12:48:57 PM |
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Back to sub 0.0020 soon One last time to fill up before the train leaves the station? Sure, bring it on. |
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camu6
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August 11, 2015, 01:18:47 PM
Last edit: August 11, 2015, 01:31:04 PM by camu6 |
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Selling now is like selling at 140k after it had hit 170k from the bottom at 100k (about Feb24). We all know what happened to those who wanted to buy back lower. They are not here telling their story. That's why it seems that shorters are making money. Dead shorts don't talk.  While this statement was made at around the same price we have now, I think it is even more true today than it was the day you posted it. The Stoch RSI on the 1h / 2h / 4h / 6h / 12h time frames seems to indicate, that we are currently establishing a short term bottom around these levels. The lack of refilling asks and the sporadic wigs up to 0.00255 - 0.0026 seem to show us there is accumulation happening at this level. Regardless of 0.00235 holding or not, dumping around here (0.0025 - 0.00235) in hope of someone dumping on your bids a few satoshis deeper doesn't look like a wise decision to me. When people in this thread post targets like "It could hit 0.0022", where do you think their bids are at? Certainly higher than the suggestion they give you here. |
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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August 11, 2015, 01:46:44 PM |
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If the true buyers think with themselves: "no we do not buy at the current prices right now but we are patient enougb to waite lower prices" the miners will make sure the price declines slowly which help also with cost average. Also for bull trend it is healthy not to rush. IMO even staying above 0.0019 is bullish as last time the bottom were around 0.0017's.
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TheKoziTwo
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Activity: 1552
Merit: 1047
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August 11, 2015, 01:56:38 PM |
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 Very undervalued, only fools sell at this level Sell, going to 0.0005 Buy Sell Buy Sell Buy, you will never get a better deal!!! Sell, monero is doomed |
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rangedriver
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August 11, 2015, 02:08:32 PM |
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 Looks like we're in a holding pattern. |
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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August 11, 2015, 02:17:15 PM |
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The patterns depends usually on the timeframe.
I dont think xmr is doomed but I simply refuse to fill at these prices. I'll let the people who are in hurry sith their acquisitations.
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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August 11, 2015, 02:19:32 PM
Last edit: August 11, 2015, 02:42:10 PM by aminorex |
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that wheat you sold last night? buy it back now. you can close oil shorts if you like, but I won't yet. I went short the long bond last night, BTW. do please remember to roll some gains into xmr on dips.
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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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jehst
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August 11, 2015, 03:02:33 PM |
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mrkavasaki, you're being immature.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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dreamspark
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August 11, 2015, 03:39:38 PM |
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The whales aren't done buying yet, relatively safe buy imo.
Agree, still think a bid around 0.0022-0.00235 will get filled though. Pullbacks always happen on spikes like this. I mean there's a guy in the thread telling you his subscribers are selling at 0.0028.? Anyways 0.0028 isn't a significant level, 0.0267 is tho. Also I don't think many Monero holders will sell much below 0.004. And I highly doubt that a bid there would get filled, thats the range we broke out of. I've tried to get some bids filled the whole way up but it's hard, bots/nolifers will instantly place bids a couple satoshis higher than you constantly. Again I agree its not a significant level, but its what bullbear have targeted normally meaning they will sell off just before. We will see, I have bids between there and Ive been through enough XMR rallies to know they should be filled. edit: But as always it could be different this time tm Well they got filled lol. Lets see if we bottom here or keep moving down. Ask side still hasn't back filled. Its reasons like this that I still think the coin is mostly mined by botnets. What rational actor who cares about max profit would dump it down like this despite there being no real liquidity in asks rather than hold levels and scale out slowly. |
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MilkyLep
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August 11, 2015, 03:46:13 PM |
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Traders jumping from coin to coin aren't the most rational. I imagine the ETH hype and volume is stealing some steam.
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thefunkybits
Legendary
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Activity: 1218
Merit: 1000
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August 11, 2015, 04:02:45 PM |
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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated
nothing to worry about here hodlers!
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dEBRUYNE
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Merit: 1141
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August 11, 2015, 04:10:29 PM |
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link Get up to free 0.5 BTC BONUS with the FREE trial & withdraw it instant to your wallet!
Watch out, malware! |
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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August 11, 2015, 04:32:30 PM |
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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated
nothing to worry about here hodlers!
Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR. |
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thefunkybits
Legendary
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Activity: 1218
Merit: 1000
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August 11, 2015, 04:39:09 PM |
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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated
nothing to worry about here hodlers!
Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR. Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump |
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camu6
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August 11, 2015, 04:45:34 PM |
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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated
nothing to worry about here hodlers!
Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR. Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump smart move to fill the own pockets with cheap xmr! Now take this as an example.. how easy do you think it will be to recoup those 11k XMR below 0.00235? Near damn impossible in my opinion. |
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mrkavasaki
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August 11, 2015, 04:53:12 PM |
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hey, sorry for your losses guys  but heads up, there are plenty of other coins that that migh be worth to invest  |
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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August 11, 2015, 04:55:35 PM
Last edit: August 11, 2015, 05:07:20 PM by dEBRUYNE |
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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated
nothing to worry about here hodlers!
Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR. Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump I hope so In addition, I would like to see Poloniex publicizing the margin data, just like bitfinex does with https://bfxdata.com/. This would make things a lot clearer! For instance, we could've made a conclusion if today's dump was a margin call or not. EDIT: Another dump, now that probably everyone who took a margin long when we significantly went up got margin called, it's time to go up again :-P |
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camu6
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August 11, 2015, 05:04:06 PM |
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Even if the whole ETH thing stole a bit of Monero's steam, it brought huge amounts of traffic and BTC to Poloniex.
This is what needed to happen for monero to break key resistance levels on the upside.
At the moment it looks like we had a beautiful 50% fibonacci retracement could start to higher highs from here.
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