[XMR] Monero Speculation

[Bicmac1973]

[chart removed]
pump or dump that is the question

I'm going with pump because price rose across all exchanges. Although for a brief moment I did see a +200BTC sell appear and disappear real quick on polo so who knows about that.

There is an entity desperately trying to defend the 320 sat line. We had a similar behavior on the ask side 2 days ago. Personally I go with the long side, but the next few hours could get interesting.

[inca]

Market makers need to support the price rises or we just oscillate with wild vol between 26 and 31

[griffen1102]

[chart removed]
pump or dump that is the question

I'm going with pump because price rose across all exchanges. Although for a brief moment I did see a +200BTC sell appear and disappear real quick on polo so who knows about that.

There is an entity desperately trying to defend the 320 sat line. We had a similar behavior on the ask side 2 days ago. Personally I go with the long side, but the next few hours could get interesting.

Ive got a few low buy in the 230-240k range if price makes it back down there.

[coinsplz777]

I've just bought 1BTC of moneros, wish me luck!

[nioc]

WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOWWWWWWW

You buy in yet?

[Dotto]

I would say one whale has been slauthered, the second red spike one. But maybe this has been and short squeeze followed by a long one in almost flashcrash fashion... Im not that good in analise that, could someone comment on that possibility?

[Dotto]

WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOWWWWWWW

You buy in yet?

I had orders in both extremes that has been executed, so I have made a quite decent amount of the spikes

[griffen1102]

I would say one whale has been slauthered, the second red spike one. But maybe this has been and short squeeze followed by a long one in almost flashcrash fashion... Im not that good in analise that, could someone comment on that possibility?

1k BTC traded in that mess so someone or some people definitely got fucked up there.

[aminorex]

Notice the tails on those bars.  It's like hammer, hammer, hammer, hammer, hammer...

[nioc]

Notice the tails on those bars.  It's like hammer, hammer, hammer, hammer, hammer...

What time frame are you looking at?

[Bicmac1973]

I would say one whale has been slauthered, the second red spike one. But maybe this has been and short squeeze followed by a long one in almost flashcrash fashion... Im not that good in analise that, could someone comment on that possibility?

1k BTC traded in that mess so someone or some people definitely got fucked up there.

I say they are both bleeding, but alive.

[lolikop]

I think we have established a new bottom 0.0026

[Dotto]

I would say one whale has been slauthered, the second red spike one. But maybe this has been and short squeeze followed by a long one in almost flashcrash fashion... Im not that good in analise that, could someone comment on that possibility?

1k BTC traded in that mess so someone or some people definitely got fucked up there.

I was looking at the chat the whole time. You can look at the 1min windows to see the whole story, I would say that has been two whales, 1 pumping, then one crashing, the first one pumping again, and the second one ragequitting and insane amount. That second one has sell a lot of moneros at a sub optimal prices and thereforo lost a lot of value... that now is in hands of tons of little traders and the big whale.

It could have been a play of squeezes as well, but I dont have the margins infos to analize

[griffen1102]

I think we have established a new bottom 0.0026

That needs to be tested again methinks, but 240k has held well a couple times.

EDIT: just noticed a 94BTC buy wall at 250k too.

[klee]

I wanna see your analysis of these candles  

4h close works fine

[aminorex]

Nioc: 15m. 

Looks to me like equilibrium will be around room temperature Kelvin for a while, if the fireworks are over now.

[griffen1102]

Nioc: 15m. 

Looks to me like equilibrium will be around room temperature Kelvin for a while, if the fireworks are over now.

My room temp is 298K, must be cold in your office 

[papa_lazzarou]

Nioc: 15m. 

Looks to me like equilibrium will be around room temperature Kelvin for a while, if the fireworks are over now.

At which latitude?

[nioc]

I moved my small bid expressed in kelvin up to 10 degrees fahrenheit or for the rest of the world -12 degrees clesius.

I'm on Bittrex so I'm not having as much fun as the Polo people.

[griffen1102]

Price is respecting the trendline there, lets see where we end up at the end of the day, but if this line is respected than it will probably be a couple more days till we see the next leg up.