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Author Topic: [XMR] Monero Speculation  (Read 3312278 times)
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elrippos friend
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November 19, 2020, 08:40:42 AM
 #42521

0,0067 seems to be a hard border to cross, BUT ....

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November 19, 2020, 12:52:34 PM
 #42522

I zoomed out a bit on the daily.

I note the recent "peak" was not a bart pattern

RSI pretty low, scanning along the time in the chart each time it went that low there was some subsequent up.

Also I got my Monero back that I left behind on way up.  Smiley   yay


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November 19, 2020, 12:56:40 PM
Last edit: September 10, 2023, 01:26:10 PM by dragonvslinux
 #42523

I zoomed out a bit on the daily.

I note the recent "peak" was not a bart pattern

RSI pretty low, scanning along the time in the chart each time it went that low there was some subsequent up.

Also I got my Monero back that I left behind on way up.  Smiley   yay




From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

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November 19, 2020, 01:06:51 PM
Merited by dragonvslinux (1)
 #42524


From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

This being a speculation thread that sounds like a lovely buy the dip oppoertunity.


Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience.


There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value.
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November 19, 2020, 01:20:31 PM
Merited by Globb0 (2)
 #42525


From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

This being a speculation thread that sounds like a lovely buy the dip oppoertunity.


Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience.


There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value.

I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble.

I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%.

I'm airing on the side of caution right now.

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elrippos friend
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November 19, 2020, 04:08:51 PM
 #42526


From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

This being a speculation thread that sounds like a lovely buy the dip oppoertunity.


Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience.


There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value.

I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble.

I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%.

I'm airing on the side of caution right now.

Wait until the first December week and place your orders near to 0,0060  Grin

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November 19, 2020, 04:44:05 PM
 #42527


From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

This being a speculation thread that sounds like a lovely buy the dip oppoertunity.


Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience.


There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value.

I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble.

I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%.

I'm airing on the side of caution right now.

Wait until the first December week and place your orders near to 0,0060  Grin

Why the first week of December you say? I'm curious...

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November 19, 2020, 05:43:30 PM
 #42528

In terms of xmr\usd price is holding well.

I'm just trying to understand what btc is going to do.

Do you guys think it will hold 17-18k, go for a correction to 11-13k or pass the 20k range towards 25k?



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November 20, 2020, 06:14:57 AM
 #42529


From a fib retracement perspective (regardless of how you look at it) - it looks bad. Falling through the volume point of control isn't a good sign either.



If the Week closes below the 0.236 "last line in the sand" retracement level, then I'd be expecting lower lows personally  Undecided

This being a speculation thread that sounds like a lovely buy the dip oppoertunity.


Anywhere here or bellow must be tempting in those bitcoins. OK its (BTC) on a run for now. But patience.


There will be an back flow, all those reds like that chart even look quite sus/but of course its not the price its the bitcoin value.

I also think it could be a great buy the dip opportunity, after all XMR is 40% down from recent highs, 80% from ATH. There's no doubt in my mind it's a great discount at these prices, given Monero's fundamental value that I believe is still as strong as ever before. My only concern is, if price doesn't bounce back from these levels, it could be in deep trouble.

I'm personally waiting for the Week to close, hoping for a wick to form at the bottom of the current candle (for confirmation of support) before considering averaging in any further. This price structure reminds me a bit of BAT/BTC, that also had a similar spike in price, but when it came to bouncing off the lows again, it broke through dropping another 30%.

I'm airing on the side of caution right now.

Wait until the first December week and place your orders near to 0,0060  Grin

Why the first week of December you say? I'm curious...

Simply because this is a pattern we already had in April and May 2016 and at the moment speaking the behaviour is exactly the same in my opinion  Grin Grin Grin

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November 20, 2020, 07:04:13 PM
 #42530

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.
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November 20, 2020, 10:38:13 PM
 #42531

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.

   0.006434 (binance) is officially low .006x already.  I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  Tongue  I guess now is not the time to go to work.  According to elrippos friend I will have to let a couple jobs float until December, just to be sure.  Working is a poor life choice anyway  Grin
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November 20, 2020, 10:43:52 PM
 #42532

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.

   0.006443 (binance) is officially low .006x already.  I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  Tongue  I guess now is not the time to go to work.  According to elrippos friend I will have to let a couple jobs float until December, just to be sure.  Working is a poor life choice anyway  Grin

I was going to long at .0075 but was too lazy to figure out binance margin system.

Now I'm reconsidering learning it again. Cheesy

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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November 20, 2020, 10:49:56 PM
 #42533

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.

   0.006443 (binance) is officially low .006x already.  I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  Tongue  I guess now is not the time to go to work.  According to elrippos friend I will have to let a couple jobs float until December, just to be sure.  Working is a poor life choice anyway  Grin

I was going to long at .0075 but was too lazy to figure out binance margin system.

Now I'm reconsidering learning it again. Cheesy

Yep.  When I close the short I'm flipping full margin long, and just ride out what's left of the dip, and see how long I can keep my fingers out of it for.  What fun it was to find some bits and pieces still on polo after my hiatus.

There's .006414...
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November 20, 2020, 10:55:30 PM
 #42534

When to go long though? Margin is risky.

where do yo set the stop? a trailing one?

Whales have a way of messing you up with spikes.
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November 20, 2020, 11:07:47 PM
 #42535

When to go long though? Margin is risky.

where do yo set the stop? a trailing one?

Whales have a way of messing you up with spikes.

No stops.  Its how I roll.  Draw some lines, pick a number, add a bit for insurance, and take the BTC.  IMO long at any point down from here is good enough.  I know from experience that I won't catch the bottom with any weight, so very soon I will go long with about half, and add to it progressively (hopefully all on the way down, and not in a panic on the way up lol) Even it if takes a few months to get back to green, it is profitable, but I don't expect that to be the case.  The down side is vastly diminished at this point.  If I have to shore up my collateral as it dips to unthinkable levels, I will double down and profit more.  If it dies alltogether, and never comes back up, well the XMR I staked is worthless anyway, isn't it?  win-win, or lose-lose.
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November 21, 2020, 02:52:01 AM
 #42536

Yep.  When I close the short I'm flipping full margin long, and just ride out what's left of the dip, and see how long I can keep my fingers out of it for.  What fun it was to find some bits and pieces still on polo after my hiatus.

There's .006414...


I got a letter saying my funds on Polo were with the treasurers office in a state I don't reside in and it was only 66% of what I had there sold at the bottom converted to usdt. Thats one way I know they were orchestrating dumps when Goldmann Ballsacks owned Polo.


When to go long though? Margin is risky.

where do yo set the stop? a trailing one?

Whales have a way of messing you up with spikes.

I always make sure price can drop 40% before liquidation and have only been called once when there was fuckery going on during BTC fork.

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November 21, 2020, 08:50:18 AM
 #42537

   

   cAPSLOCK, any update on your USD:XMR chart? 
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November 21, 2020, 09:09:11 AM
 #42538

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.

   0.006434 (binance) is officially low .006x already.  I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  Tongue  I guess now is not the time to go to work.  According to elrippos friend I will have to let a couple jobs float until December, just to be sure.  Working is a poor life choice anyway  Grin

In my world 0,0064x is mid 0,006x but fine for me to call it lowish 0,006x  Grin Grin Grin

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November 21, 2020, 09:10:40 AM
 #42539

Yeah, low 0.06x seems reasonable, but in an active subject to such wild changes, I'd rather not take too many chances, I have entered at half load. If it does go down as elrippo predicts, I'll buy the other half. But I don't want to get excluded from the trip up just because a few whales decide to do something funny.

   0.006443 (binance) is officially low .006x already.  I bought with half of my allotted BTC in the .007's for the same reasons, but my margin account is still short  Tongue  I guess now is not the time to go to work.  According to elrippos friend I will have to let a couple jobs float until December, just to be sure.  Working is a poor life choice anyway  Grin

I was going to long at .0075 but was too lazy to figure out binance margin system.

Now I'm reconsidering learning it again. Cheesy

One is never too old to learn  Cheesy Cheesy Cheesy Grin Grin Grin Grin

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November 21, 2020, 11:50:09 AM
 #42540

Ps.: ... it smells like teen spirit fomo in here ...  Grin Grin Grin Grin

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