kurious
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November 13, 2016, 10:33:53 PM |
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*yawn* you dont have anything new? Always the same chatter of sock puppets. I already said I'm adolf, N-rG, PID, aminorex...i just decided to agree to be BitcoinTalkMagazin too and everyone else you don't like because he is not a zcash fanboy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I love XMR and i don't care what you TC zcash fanboy sock puppets are talking ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) go and buy zcash! As you said XMR is only for drug addicts and nishes. Leave this thread so that we can continue to talk in peace here. No one would confuse you with Aminorex, don't worry mein Freund.
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我想要火箭和火车
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Hueristic
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Doomed to see the future and unable to prevent it
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November 14, 2016, 01:11:07 AM |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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nanobrain
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Dumb broad
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November 14, 2016, 01:37:15 AM |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands. Less Fewer weak hands. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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nanobrain
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Dumb broad
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November 14, 2016, 01:42:52 AM |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
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ArticMine
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November 14, 2016, 02:42:38 AM |
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom.
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bobabouey2
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November 14, 2016, 03:05:47 AM |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands. Less Fewer weak hands. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) https://www.youtube.com/watch?v=vRKU4-ZhHl8
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nanobrain
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Dumb broad
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November 14, 2016, 03:19:55 AM |
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom. Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point.
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kurious
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November 14, 2016, 08:05:23 AM |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands. Less Fewer weak hands. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) https://www.youtube.com/watch?v=vRKU4-ZhHl8Ha! Better all watch our grammar.
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我想要火箭和火车
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kurious
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November 14, 2016, 08:42:55 AM |
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom. Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point. Still over 4K BTC on the buy side and fewer on sale. Usually a swing in these ratios like this is bullish for price - but I do feel cautious as the mood here does seem to be the bear market is not over and (of course) BTC could still blow the doors off. Topping the volume charts feels very positive, it bodes well, but December lows and spring breakouts towards summer peaks has been Monero's way. BTC not mooning and XMR staying solidly over 0.01 (with volume) for a few weeks would be great as it would look like a signal the bear market is done. Conversely if volume drops and the buy side does too, bearwhales will have a chance to hammer down again. Whatever happens, I take heart that money is flowing back and forth between XMR and BTC way more than other coins - which implies XMR is maintaining a healthy respect in the market.
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我想要火箭和火车
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CryptoPH
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<3 Crypto
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November 14, 2016, 10:14:40 AM |
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom. Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point. Still over 4K BTC on the buy side and fewer on sale. Usually a swing in these ratios like this is bullish for price - but I do feel cautious as the mood here does seem to be the bear market is not over and (of course) BTC could still blow the doors off. Topping the volume charts feels very positive, it bodes well, but December lows and spring breakouts towards summer peaks has been Monero's way. BTC not mooning and XMR staying solidly over 0.01 (with volume) for a few weeks would be great as it would look like a signal the bear market is done. Conversely if volume drops and the buy side does too, bearwhales will have a chance to hammer down again. Whatever happens, I take heart that money is flowing back and forth between XMR and BTC way more than other coins - which implies XMR is maintaining a healthy respect in the market. I couldn't agree more
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kurious
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November 14, 2016, 12:45:41 PM |
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In fact at a quick glance, XMR looks like it might be doing more volume in BTC than the rest of the Polo market coins put together.
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我想要火箭和火车
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Febo
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November 14, 2016, 12:57:16 PM Last edit: November 14, 2016, 01:22:32 PM by Febo |
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom. Huge reason of Monero price fall in October was because of speculation of ZCash launch. Monero went that low on 28th October simply because of ZCash launch. 3 days latter when people realize there will be no bread from ZCach flour, Monero started going back to its normal range. Where is that? No matter what you think but, ZCash was like a dark demon over Monero pressing it down. Same as was in spring anticipation what will happen at Bitcoin halving. When it actual happen it turned just into a smoke and fly away.
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kurious
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November 14, 2016, 06:28:35 PM |
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Huge reason of Monero price fall in October was because of speculation of ZCash launch. Monero went that low on 28th October simply because of ZCash launch. 3 days latter when people realize there will be no bread from ZCach flour, Monero started going back to its normal range. ....
Yep. zcash came a time when XMR had been in freefall, onlookers thought it would easily drop further and the NKOTB could be the last straw to burst the 'bubble'. But it was a straw man - the laughable launch of zcrash just made the reality of XMR more credible. XMR: Honey Badger II
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我想要火箭和火车
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TrueCryptonaire
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November 14, 2016, 06:40:01 PM |
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The other good news are also BitcoinMeister is speaking about xmr. Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so. If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
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kurious
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November 14, 2016, 08:28:03 PM |
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The other good news are also BitcoinMeister is speaking about xmr. Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so. If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
Steady on, TC... Anything is possible, but let's be sure we're out of the bear market first? Breaking 0.012 and staying over it as a level needs to happen. Then we can look at getting to $10 - but I don't think we will get anywhere close to even the ATH level until Spring (unless the GUI is out very soon, BTC stays flat or drifts and we are very lucky) let alone $100. The GUI will encourage more people to buy, suck money off-exchange (leaving less for immediate sale) so a spike then is more likely but a real new climb to above the last ATH needs time and events conspiring for us. A steady XMR might prove better for adoption - and we need that base to build from. So, maybe save your $100 predictions for now, please?
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我想要火箭和火车
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ArticMine
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November 14, 2016, 08:35:36 PM |
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The other good news are also BitcoinMeister is speaking about xmr. Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so. If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
If we get 100 USD XMR we would be looking at a fundamentally very different situation from now since that would place the market capitalization of Monero at over 1.3 Billion USD with Monero in second place behind Bitcoin. That means for example the major Bitcoin / fiat exchanges, Bitcoin payment processors etc will no longer be able to ignore Monero.
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TrueCryptonaire
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November 14, 2016, 09:03:05 PM |
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The other good news are also BitcoinMeister is speaking about xmr. Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so. If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
Steady on, TC... Anything is possible, but let's be sure we're out of the bear market first? Breaking 0.012 and staying over it as a level needs to happen. Then we can look at getting to $10 - but I don't think we will get anywhere close to even the ATH level until Spring (unless the GUI is out very soon, BTC stays flat or drifts and we are very lucky) let alone $100. The GUI will encourage more people to buy, suck money off-exchange (leaving less for immediate sale) so a spike then is more likely but a real new climb to above the last ATH needs time and events conspiring for us. A steady XMR might prove better for adoption - and we need that base to build from. So, maybe save your $100 predictions for now, please? That's the very reason why I concluded my message with statement not to go all in XMR now when the price is still low.
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TrueCryptonaire
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November 14, 2016, 09:08:23 PM |
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The other good news are also BitcoinMeister is speaking about xmr. Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so. If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
If we get 100 USD XMR we would be looking at a fundamentally very different situation from now since that would place the market capitalization of Monero at over 1.3 Billion USD with Monero in second place behind Bitcoin. That means for example the major Bitcoin / fiat exchanges, Bitcoin payment processors etc will no longer be able to ignore Monero. Yes it is vital for the success of Monero to go beyond 1 billion market cap. I consider even the current marketcap of bitcoin still a failure if that's the best case scenario Monero can reach. 10 billion is peanuts when we are talking about a currency. There are plenty of single companies that have 10 billion or higher market cap so the currency should be minimum a few orders of magnitude higher. The beauty lies in the fact that the big rises are not steady climbing but strong and sharp rises that ends with the dump that is still higher than the previous lows. The bubbles create a sort of hysteresis thanks to the adaption that are taking place when the marketing machine creates new members to the community.
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