[XMR] Monero Speculation

[Hueristic]

The daily shows a nice hammer, so the walls at the 136-138 range will need to be relocated (or else wish that the whole uptrend was a false alarm, very much a possibility if you don't trust my words )

I don't understand this at all. 

http://www.candlestickforum.com/PPF/Parameters/16_474_/candlestick.asp A hammer is a bullish reversal signal.

Thanks so that last dump would have made that a "Blow off day"?

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[rpietila]

The daily shows a nice hammer, so the walls at the 136-138 range will need to be relocated (or else wish that the whole uptrend was a false alarm, very much a possibility if you don't trust my words )

I don't understand this at all. 

http://www.candlestickforum.com/PPF/Parameters/16_474_/candlestick.asp A hammer is a bullish reversal signal.

Thanks so that last dump would have made that a "Blow off day"?

If you check the daily candlestick chart from December onwards, there are 4 hammer formations (not counting today), of which:

17.Dec
21.Jan
18.Feb - all started a major uptrend

15.Jan was a false/premature signal

Quite impressive huh, 5% of days featuring the signal and capturing 100% of the major uptrends with only 25% false positives...

[Hueristic]

The daily shows a nice hammer, so the walls at the 136-138 range will need to be relocated (or else wish that the whole uptrend was a false alarm, very much a possibility if you don't trust my words )

I don't understand this at all.  

http://www.candlestickforum.com/PPF/Parameters/16_474_/candlestick.asp A hammer is a bullish reversal signal.

Thanks so that last dump would have made that a "Blow off day"?

If you check the daily candlestick chart from December onwards, there are 4 hammer formations (not counting today), of which:

17.Dec
21.Jan
18.Feb - all started a major uptrend

15.Jan was a false/premature signal

Quite impressive huh, 5% of days featuring the signal and capturing 100% of the major uptrends with only 25% false positives...

Nice, that's good news. Lets hope this isn't one of the 25%. What percentage of those F/P's were downtrends?

[TrueCryptonaire]

It looks like it wants to go higher now..

[rpietila]

It looks like it wants to go higher now..

Fuck, I should have bought when there were 53k on offers until 165.

Half of it left. 

Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped).

[TrueCryptonaire]

It looks like it wants to go higher now..

Fuck, I should have bought when there were 53k on offers until 165.

Half of it left. 

Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped).

Those who have fake sell orders need to be taught a lesson. Just buy those fake sell orders and show them some strength. 

[ArticMine]

It looks like it wants to go higher now..

Fuck, I should have bought when there were 53k on offers until 165.

Half of it left.  

Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped).

Fake ask volume motivated by short term trading attempts to suppress the price and / or drive sellers to bid walls must always be prepared to face its nemesis: A long term buyer willing to tolerate some slippage using a market order to obtain a substantial position, followed of course by this buyer taking delivery. This is the kind of thing that can set off a buying panic as the shorts are squeezed to the wall.

[hodlmybtc]

4h chart:

The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched.

RSI is past the 50 level and MACD turning green.

Looking good

[darlidada]

this thread need some dreamspark serious trading input asap. i'm lost.

[Wexlike]

4h chart:

The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched.

RSI is past the 50 level and MACD turning green.

Looking good

Impressive, what a 3 xmr/min bot can do to a chart.

[GingerAle]

4h chart:

The downtrend of the last couple days seems broken, good support at the 38.2% fib level from 0.000978 to 0.00175 and the 50% level not even touched.

RSI is past the 50 level and MACD turning green.

Looking good

Impressive, what a 3 xmr/min bot can do to a chart.

3 xmr/min buy, or 3 xmr/min sell?

[Wexlike]

~ 3xmr/min buy

[dreamspark]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

[Hueristic]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

[dreamspark]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)

[jehst]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

According to the last missives, Monero's DB-merge is weeks away, Crypto Kingdom online version and cryptogold trading is imminent. All three are good for XMR.

BTC will have GBTC going live within weeks. Gemini launching within weeks.

All of this together will probably create a renewed interest in XMR and crypto in general in Spring 2015.

I won't try to guess the price, but it should be a seller's market. Market cap of 1/3rd Darkcoin's is attainable.

[oblox]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)

Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto.

[dreamspark]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)

Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto.

Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts.

[oblox]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)

Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto.

Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts.

Obtuse on an opinion that further ends with the potential argument for accelerated time horizons. Interesting. It does pay to reread my post in its entirety.

[GingerAle]

this thread need some dreamspark serious trading input asap. i'm lost.

If your lost, don't trade. What happens now is anyones guess. The books are super stacked. I've bought back a fair chunk of my trading stash to see what happens next. Even if we go up from here I'm still not that confident it goes much higher than previous short term high of 0.00175.

0.00199

Is that your estimate on how high? Or are you trying to tell me that 0.00175 isnt the previous short term high? (If its the latter it is. Previous high of 0.019x was three months ago. Thats not short term)

Time frames are all relative. IMHO, 3 months is still short-term in nature. I've always looked at in sub-3, short, 3-12 interm, >12 long. Granted, one could also argue accelerated time horizons given the volatility and infancy of crypto.

Course they are but trying to correct me when my time frame for before xmas is clearly medium term is just obtuse. Over 3 months just isn't short term in crypto and particularly alts.

Obtuse on an opinion that further ends with the potential argument for accelerated time horizons. Interesting. It does pay to reread my post in its entirety.

I think time horizons with crypto are particularly unique due to the 24 hour nonstop trading.