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Jojatekok
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April 11, 2015, 08:09:26 AM
Last edit: April 11, 2015, 01:34:27 PM by Jojatekok |
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I've just made some statistics about the Poloniex XMR/BTC market starting from the first trade (back in 2014), ending with today's last trade at 7:32 UTC using Poloniex's API. Looking at the chart below, Monero seems to be very oversold to me...   (Click on the image to view it in large!) 7,517,527.1312805014 Total XMR sold (at market price): 11,907,751.25370653 Difference: -4,390,224.122426029 XMR |
Monero (XMR): 47hK4gehaMrFTQCiV5FEmM54hpqTrdHudb9nUBG88NicBDpxH4TGuh3TmW84Dc6dpMiEiBLGvJCuT3xC3LNHctmx7mG8NLM
Bitcoin (BTC): 14wHehBtFt321WTV15khon8Juaxh9drnfJ |
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pixmo
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Activity: 476
Merit: 250
Ⓘ♡฿
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April 11, 2015, 08:38:23 AM |
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Poloniex is not the only source of Monero  |
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Jojatekok
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April 11, 2015, 08:51:01 AM |
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Poloniex is not the only source of Monero Correct me if I'm wrong, but on Bittrex (the 2nd largest Monero volume exchange), people are not allowed to query the entire trading history. |
Monero (XMR): 47hK4gehaMrFTQCiV5FEmM54hpqTrdHudb9nUBG88NicBDpxH4TGuh3TmW84Dc6dpMiEiBLGvJCuT3xC3LNHctmx7mG8NLM
Bitcoin (BTC): 14wHehBtFt321WTV15khon8Juaxh9drnfJ |
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nakaone
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April 11, 2015, 10:07:34 AM |
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Total XMR bought: 7,517,527.1312805014
Total XMR sold: 11,907,751.25370653
Difference: -4,390,224.122426029 XMR
Maybe I am overinterpreting the numbers here - but it should be, with some noise, possible to estimate how much miners are holding and how much they are selling. Or is it an overinterpretation? |
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wedgy2k
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April 11, 2015, 10:16:03 AM |
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since I can't find the original thread for moneroclub ( https://www.moneroclub.com/) did anyone else notice thats it's down for the last two days at least or ist it just me getting displayed the "Internal Server Error" message? Its been down for about week - shame as I hoped it would take off  |
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pinky
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April 11, 2015, 11:06:06 AM |
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Looking at the chart below, Monero seems to be very oversold to me... It was at 0.001, not anymore. I hope you do realize that XMR is being mined and miners sell coins to cover their costs?  |
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macsga
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Strange, yet attractive.
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April 11, 2015, 12:28:16 PM |
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Looking at the chart below, Monero seems to be very oversold to me... It was at 0.001, not anymore. I hope you do realize that XMR is being mined and miners sell coins to cover their costs? Maybe, but consider that it's still in very early stage, many things are not yet done, plus many major exchanges have not yet implemented it into their databases. Please keep this in mind and then decide if this price is an indicator to something bigger or smaller... |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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binaryFate
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Still wild and free
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April 11, 2015, 12:43:28 PM
Last edit: April 11, 2015, 01:16:42 PM by binaryFate |
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Total XMR bought: 7,517,527.1312805014
Total XMR sold: 11,907,751.25370653
Difference: -4,390,224.122426029 XMR
The wording is a bit misleading. It should say 'XMR transacted after a buy (resp. sell) order' or something like that. Obviously the number of XMR "bought" and "sold" are exactly the same: everything sold by somebody is bought by somebody else. |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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GingerAle
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April 11, 2015, 01:09:51 PM |
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Total XMR bought: 7,517,527.1312805014
Total XMR sold: 11,907,751.25370653
Difference: -4,390,224.122426029 XMR
The wording is a bit misleading. It should says 'XMR transacted after a buy (resp. sell) order' or something like that. Obviously the number of XMR "bought" and "sold" are exactly the same: everything sold by somebody is bought by somebody else. Ah, ok. Yeah, clarification on what is actually meant would help. At fist I read it and went "someone stole a lot of XMR" |
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mmortal03
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April 11, 2015, 01:16:39 PM |
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I think XMR will be #2 on that filter non mineable and premined list in 2 years. That filter should also filter Dash. So actually XMR is #4 currently.
Yes... why on earth does that filter NOT include dash? and bytecoin, what is wrong with coinmarketcap. It's been mentioned to them before, to no avail. |
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smooth (OP)
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April 11, 2015, 01:20:12 PM |
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Total XMR bought: 7,517,527.1312805014
Total XMR sold: 11,907,751.25370653
Difference: -4,390,224.122426029 XMR
The wording is a bit misleading. It should says 'XMR transacted after a buy (resp. sell) order' or something like that. Obviously the number of XMR "bought" and "sold" are exactly the same: everything sold by somebody is bought by somebody else. Ah, ok. Yeah, clarification on what is actually meant would help. At fist I read it and went "someone stole a lot of XMR" My guess is which side of the trade was on the book. |
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Jojatekok
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April 11, 2015, 01:33:57 PM |
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Total XMR bought: 7,517,527.1312805014
Total XMR sold: 11,907,751.25370653
Difference: -4,390,224.122426029 XMR
The wording is a bit misleading. It should says 'XMR transacted after a buy (resp. sell) order' or something like that. Obviously the number of XMR "bought" and "sold" are exactly the same: everything sold by somebody is bought by somebody else. Ah, ok. Yeah, clarification on what is actually meant would help. At fist I read it and went "someone stole a lot of XMR" My guess is which side of the trade was on the book. Yep, it's actually "Total XMR bought/sold at market price", to be precise. |
Monero (XMR): 47hK4gehaMrFTQCiV5FEmM54hpqTrdHudb9nUBG88NicBDpxH4TGuh3TmW84Dc6dpMiEiBLGvJCuT3xC3LNHctmx7mG8NLM
Bitcoin (BTC): 14wHehBtFt321WTV15khon8Juaxh9drnfJ |
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rpietila
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April 11, 2015, 01:37:20 PM |
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It is an interesting piece of statistics nevertheless. It tells that bid side has been so robust that instead of setting up ask walls, the dumpers have chosen to make a market order. And, perhaps resultantly, the ask side has been so thin that few have chosen to market buy.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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GreekBitcoin
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getmonero.org
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April 11, 2015, 04:30:08 PM |
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By reading TrueCryptonaire's posts you know instantly in what direction he's trying to day trend. Sometimes he contradicts himself in the same day, but always writing like he's throwing omnisciently absolute truth.
I have noone in ignore list. However i seriously just dont read his posts...It doesnt worth it. He just aims for panicking total noobs anyway... |
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vokain
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April 11, 2015, 04:33:28 PM |
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By reading TrueCryptonaire's posts you know instantly in what direction he's trying to day trend. Sometimes he contradicts himself in the same day, but always writing like he's throwing omnisciently absolute truth.
I have noone in ignore list. However i seriously just dont read his posts...It doesnt worth it. He just aims for panicking total noobs anyway... It's just a reflection of his/her personality  |
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rpietila
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April 11, 2015, 05:59:25 PM |
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The price and volume have been sluggish the day after the "hammer candle breakout". I tend to interpret it such that the breakout was short covering and the new wave of the new money is yet to come. Because I am not the only contributor of new buyers (and frankly I don't have time for that right now because CK release), it is not possible to know when it happens.
Overall, this fits in the "trading range" big picture: it is possible that we spend weeks, even months without breaking either 280 or 450. Because this would be a most suitable outcome for myself, I have the gall to believe that there is a reasonably large market segment thinking the same, thus enabling portfolio reallocation for those wishing to do so at a mutually agreeable price. If new buyers emerge from my contacts, I won't be announcing it, rather hoping that the price stickiness is such large that they can buy hefty amounts in the range, before the breakout from 450 happens.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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ArticMine
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Monero Core Team
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April 11, 2015, 10:53:55 PM
Last edit: April 11, 2015, 11:05:24 PM by ArticMine |
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 I do not see a 0.0028 to 0.0045 trading range, rather I see an upwards trendline channel with very strong support at 0.0028 with two scenarios. 1) Continuation of the trendline channel with a test of 0.0050 and a possible test of 0.0058. A break of the upward trendline would be very bullish and could lead to a test of 0.010. 2) My second choice is a breakdown of the bottom trendline and possibly a break below 0.0028. |
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medusa13
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hello world
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April 11, 2015, 11:10:35 PM |
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i thougth i might be the only one , option 1.) from ArticMine is clearly what i expect, given the db might come soon and also we have some new interest of people too. retest of 280k seems unlikely short term, another attack on 430k looks very possible, but i dont think we might clear it just in one go. just my opinion, sentiment on polo feels very bullish too. |
XMR Monero
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rpietila
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April 11, 2015, 11:13:44 PM |
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I do not see a 0.0028 to 0.0045 trading range
The trading range is derived from the price:volume scatter chart, which indicates that half of XMR volume ever traded was traded in that range. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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ArticMine
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April 11, 2015, 11:45:04 PM
Last edit: April 12, 2015, 12:01:03 AM by ArticMine |
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I do not see a 0.0028 to 0.0045 trading range
The trading range is derived from the price:volume scatter chart, which indicates that half of XMR volume ever traded was traded in that range. 0.0028 I see as a very strong support, then resistance and now support again, so I don't have an issue with the lower part of the trading range. I just do not see anything that special at 0.0045 in the charts. My take is that 0.0050 - 0.0058 range is a more likely place for the bears to make a stand. Furthermore the drop in XBT/USD, XBT/EUR etc since last summer would also tend to bias the trading range upwards. |
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