[XMR] Monero Speculation

[cAPSLOCK]

 

   cAPSLOCK, any update on your USD:XMR chart?  

It's a mess really... I need to put a little work into revising some aspects... but just looking at the ranges I was interested about what a month+ ago we kind of see this:



Seems to me XMR is not really joining into the alts party which is often the case.  But that does not meant it won't show up fasionably late like it also does from time ti time.

[cAPSLOCK]

As to XMRBTC we do seem to have definitively bounced off the trendline... So the question is do we turn around?  Or do we breech it?

[explorer]

As to XMRBTC we do seem to have definitively bounced off the trendline... So the question is do we turn around?  Or do we breech it?

Looking pretty strong...

[Febo]

Looking pretty strong...

We need some good news. Maybe something like: Because of fake news that CiperTrace can trace Monero transactions, all fake volume exchanges in South Korea decided to list Monero again. Oh and that Arabic UAE exchange Bit Oasis or how was named. CiperTrace need to be more vocal so those people on other side of the word can hear them.



Also today on monero sub reddit someone was talking about stock to flow ratio and had some strange numbers so i went to calculating it and I got this.

Gold Stock to flow ratio for last year was 59.9 as this article says https://seekingalpha.com/article/4357409-golds-stock-to-flow-ratio-and-why-matters
Bitcoin stock to flow ratio of right now is 56,47
Monero stock to flow ratio of right now is 65.79
Monero>Gold>Bitcoin 65.79>59.9>56,47

Stock to flow ratio is only a pressure on supply side. You cant predict price with it. It is only one factor.

[phishead]

 Have no fear, AmericanPeagusus is back baby!

Start your engines

[cAPSLOCK]

Have no fear, AmericanPeagusus is back baby!

Start your engines

LOL.  I mean really.  LOL.

[kurious]

Have no fear, AmericanPeagusus is back baby!

Start your engines

LOL.  I mean really.  LOL.

It'd be fun, I would have no issues.  Other than maybe what pronoun to use... 

[Globb0]

Boom.

<3 America

Proven by maths sounds good to me.

Start of the next big bubble he says, go on then.

[elrippos friend]

Presently a hard drop to 0,0068 i think this will get bloddy....

[explorer]

Presently a hard drop to 0,0068 i think this will get bloddy....

More drop than you previously expected?  that would be very, very bloody...

A very exciting day, we've already been all over the map.

[elrippos friend]

Presently a hard drop to 0,0068 i think this will get bloddy....

More drop than you previously expected?  that would be very, very bloody...

A very exciting day, we've already been all over the map.

Well this retracement level is quite hard in Fibo so if this goes onwards we will touch the low 0,006 high 0,005 earlier as expected...

[tokeweed]

^  What 'retracement'?  You're looking at it wrong.  You can't use XMR/BTC to gauge if it's doing well at the market.  Use XMR/USD.  But yeah I get it.  XMR is the laggard compared to most everything else..  Which is fine imo.  We really want it to not be in the center of attention with the possible delisting going on.  We need it to ease its way up there and then it would be too late for them.  Just like what BTC did.  

Edit:  And I wouldn't fault you for selling XMR to buy BTC. 

[cAPSLOCK]

Have no fear, AmericanPeagusus is back baby!

Start your engines

LOL.  I mean really.  LOL.

It'd be fun, I would have no issues.  Other than maybe what pronoun to use... 

His/her new girlfriend/husband/auapir seems pretty cute.

[Hueristic]

Volume is up again, remember what happened last time that happened.

[tokeweed]

^  Check the hourly chart.  It's the sell downs that really make up most of the spike in volume.  Wtf are these guys doing?  It almost feels like they're keeping the price from going up on purpose.

[dragonvslinux]

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  

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.

To come back around to this point, nice observation the other day  



I'm still remaining cautious, not interested into anything too speculative right now that's already pumped enough, but eyeing up the pull-back for sure. A re-test of the VPVR point of control and 0.236 fib retracement is definiately an opportunity that would be worth taking now. Hopefully the Weekly candle wicks back down to give us another buying opportunity  

I already threw the rest of my trading account into Ether anyway near the lows, the rest of the BTC is on a stop loss, will probably trade XMR/ETH if it's worthwhile...

[Febo]

I have no ideas what happens this morning. Price went up to 0.0077 and then in 4 hours time down to 0.0066.  Someone try to manipulate price? Or is just someone that got rich recently trading. Or there is a big bunch of dumb rich just started trading.

[bitebits]

Just 16 days until the Monero inflation drops below Bitcoin:

https://freeboard.io/board/yM1vLh

[dragonvslinux]

Just 16 days until the Monero inflation drops below Bitcoin:

https://freeboard.io/board/yM1vLh

Oh nice! Thanks for sharing, didn't even know that. It's probably something I should be aware of I only really care about the fundamental privacy aspect and utility of XMR though, rather than the inflation rate to be honest. I wonder if it will be anything like the Litecoin halving when LTC when on it's own solo moon shot.

[bitebits]

^ Monero does not have halvings like Bitcoin and its copy cats. Each new block has a little bit less reward instead, until we go into 0.6 xmr/block tail emission in about 500 days.