|
rangedriver
|
 |
February 17, 2016, 09:53:03 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
I don't see BTC going up. It's likely to touch base with channel resistance and then go sub 400 again. |
|
|
|
|
|
jehst
|
|
February 17, 2016, 09:56:49 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
I don't see BTC going up. It's likely to touch base with channel resistance and then go sub 400 again. no one ever sees it |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
 Offline
Activity: 2268
Merit: 1141
|
|
February 17, 2016, 09:58:25 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
I don't see BTC going up. It's likely to touch base with channel resistance and then go sub 400 again. no one ever sees it True, but there is still this pervasive block size issue. |
|
|
|
smooth (OP)
Legendary
Offline
Activity: 2968
Merit: 1198
|
|
February 17, 2016, 10:03:02 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. |
|
|
|
|
|
jehst
|
|
February 17, 2016, 10:34:35 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
|
February 17, 2016, 10:40:45 PM |
|
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.
+1 I think we're in the middle of the period technically known as "the chill out zone". Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.From there it's a question of what tunes are playing on the sound-system. This guy also seems to look at the 165k-170k zone as support: http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/ |
|
|
|
|
owm123
|
|
February 17, 2016, 11:21:59 PM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more. at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin. |
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
|
February 17, 2016, 11:36:34 PM |
|
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.
+1 I think we're in the middle of the period technically known as "the chill out zone". Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.From there it's a question of what tunes are playing on the sound-system. This guy also seems to look at the 165k-170k zone as support: http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/The link is to a report on 0.0021 being both support and resistance recently on the 15 min charts for a recent time span of 2+ days  A few months ago there were a few links to the same source which as far as I'm concerned give very little in the way of info. Disclaimer: I am clueless  In other news, as of today my Monero house now has a garden and some fertilizer for it. Ok I'll translate a bit, fertilizer is the portion set aside for donations. |
|
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
|
February 17, 2016, 11:38:29 PM |
|
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.
+1 I think we're in the middle of the period technically known as "the chill out zone". Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.From there it's a question of what tunes are playing on the sound-system. This guy also seems to look at the 165k-170k zone as support: http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/The link is to a report on 0.0021 being both support and resistance recently on the 15 min charts for a recent time span of 2+ days A few months ago there were a few links to the same source which as far as I'm concerned give very little in the way of info. Disclaimer: I am clueless In other news, as of today my Monero house now has a garden and some fertilizer for it. Ok I'll translate a bit, fertilizer is the portion set aside for donations. Last picture. Btw, lending rates are still kind of high, which is a good thing in my opinion at the lower end of this range (165k-246k). |
|
|
|
|
jehst
|
|
February 18, 2016, 12:11:02 AM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more. at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin. ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it. it takes much more to move ltc than xmr so xmr might move first. in that scenario, i think you just choose your alts and wait. you can only hurt yourself by chasing the ones that pop first. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
|
February 18, 2016, 12:13:14 AM
Last edit: February 18, 2016, 12:24:17 AM by dEBRUYNE |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more. at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin. ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it. Ethereum passing it marketcap wise might have something to do with. It used to be advertised as the Litecoin to Bitcoin's gold and as the solid #2 in crypto. I suppose that is forgotten glory nowadays. EDIT: Sell wall at 180k now. |
|
|
|
|
owm123
|
|
February 18, 2016, 12:42:34 AM |
|
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.
It depends what you mean by big move and and which part of history. 400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether. a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more. at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin. ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it. Ethereum passing it marketcap wise might have something to do with. It used to be advertised as the Litecoin to Bitcoin's gold and as the solid #2 in crypto. I suppose that is forgotten glory nowadays. EDIT: Sell wall at 180k now. Almost 200BTC sell wall. I guess its fake, to scare ppl from buying and keeping price low. |
|
|
|
|
americanpegasus
|
|
February 18, 2016, 12:56:34 AM |
|
Almost 200BTC sell wall. I guess its fake, to scare ppl from buying and keeping price low.
I am sure whoever put that wall up does not mean to actually sell that much. I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell. |
Account is back under control of the real AmericanPegasus.
|
|
|
ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
|
|
February 18, 2016, 01:51:25 AM |
|
...
I am sure whoever put that wall up does not mean to actually sell that much. I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.
It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does. |
|
|
|
stealth923
Legendary
Offline
Activity: 1036
Merit: 1000
|
|
February 18, 2016, 02:04:45 AM |
|
...
I am sure whoever put that wall up does not mean to actually sell that much. I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.
It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does. Most likely no one will buy it as the pump is over. If the seller cannot sell will probably start dumping in small increments over the next week or two. |
|
|
|
|
|
owm123
|
|
February 18, 2016, 02:22:48 AM |
|
...
I am sure whoever put that wall up does not mean to actually sell that much. I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.
It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does. Most likely no one will buy it as the pump is over. If the seller cannot sell will probably start dumping in small increments over the next week or two. Monero is already sub 17k. So the question whether the 16.5k support will hold, or buyers will pull back. |
|
|
|
|
Herp
|
|
February 18, 2016, 02:44:08 AM |
|
Still a long way to fall until 4 million market cap and real 30k USD volume.
|
|
|
|
|
|
TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
February 18, 2016, 04:17:17 AM |
|
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.
|
|
|
|
|
|
owm123
|
|
February 18, 2016, 07:42:54 AM |
|
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.
17k support seems to be holding for now. Hopefully it will be able to support some minor dumps. But if dump of 90k like before cant. |
|
|
|
|
