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joroz
Member
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Activity: 62
Merit: 14
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November 24, 2020, 11:56:23 PM |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 25, 2020, 12:06:04 AM |
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I thought it was going to be the huge dump at the bottom video, or an early AP  |
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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November 25, 2020, 11:37:43 AM |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level.  RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. |
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dragonvslinux
Legendary
Offline
Activity: 1666
Merit: 2204
Crypto Swap Exchange
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November 25, 2020, 08:07:38 PM
Last edit: September 10, 2023, 01:25:20 PM by dragonvslinux |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level.  RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. Your welcome. It's strange looking at ALT/USD charts, I rarely do, but clearly I need to pay a little more attention. My general theory is that soon enough altcoin dominance will rise, but that against USD they will go sideways, even correct a little. This is based on the BTC top coming in soon enough, followed by diversification when Bitcoin pulls back. The general theory that altcoins will pull-back less than Bitcoin, thus gaining dominance, as opposed to actually gaining USD value. Hope that vaguely makes sense... The other way around is Bitcoin consolidating as opposed to dumping, with Altcoins them pumping in both BTC and USD value, but somehow I find this less likely now Bitcoin is at a near 2x in the past 6 weeks ish. But then again, we did see $5K to $10K with "not much" or a pull-back either (like 20%, very briefly), so I guess I should remain more open minded. To me the altcoin dominance bounce signals Bitcoin due to pull-back basically, as opposed to altcoins about to moon moon moon against the dirty dollar. |
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cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
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November 26, 2020, 03:06:04 AM |
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USA Bitcoin fud hits. And Monero holds up fairly well.
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 26, 2020, 03:45:21 AM |
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USA Bitcoin fud hits. And Monero holds up fairly well.
What 'news'? |
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bitebits
Legendary
Offline
Activity: 2206
Merit: 3166
Flippin' burgers since 1163.
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November 26, 2020, 05:41:47 AM |
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USA Bitcoin fud hits. And Monero holds up fairly well.
What 'news'? 1/n Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero. |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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November 26, 2020, 07:12:51 AM |
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nice observation the other day I'm still remaining cautious...…. Thanks you are too kind, appreciated the positive words before too. *nod* Here I decided to got my face out of BTC relative charts and look at the true dollar value. Its a bit sloppy but you get the gist, its been up up up on the dailies right back to about the 26 level. RSI looks to be rising to the good zone. There is volume and green candles. The resistance has been combining over time. Its a lot to break through now but it feels really positive to me. Your welcome. It's strange looking at ALT/USD charts, I rarely do, but clearly I need to pay a little more attention. My general theory is that soon enough altcoin dominance will rise, but that against USD they will go sideways, even correct a little. This is based on the BTC top coming in soon enough, followed by diversification when Bitcoin pulls back. The general theory that altcoins will pull-back less than Bitcoin, thus gaining dominance, as opposed to actually gaining USD value. Hope that vaguely makes sense... The other way around is Bitcoin consolidating as opposed to dumping, with Altcoins them pumping in both BTC and USD value, but somehow I find this less likely now Bitcoin is at a near 2x in the past 6 weeks ish. But then again, we did see $5K to $10K with "not much" or a pull-back either (like 20%, very briefly), so I guess I should remain more open minded. To me the altcoin dominance bounce signals Bitcoin due to pull-back basically, as opposed to altcoins about to moon moon moon against the dirty dollar. That´s more or less what i am saying the whole time. XMR is very stable in FIAT terms, even gaining and it is a pretty simple calculation against BTC to guess, with some RSI and FIBO charts, were it will land |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 26, 2020, 07:53:01 AM |
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Oh that. Any excuse will do, when the dip is due. |
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bitebits
Legendary
Offline
Activity: 2206
Merit: 3166
Flippin' burgers since 1163.
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November 28, 2020, 06:39:34 AM |
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In case you were wondering why that other "privacy" coin is listed on Gemini or Coinbase. With all those altcoins out there, it is quite amazing how little competition the Monero project (2014) has today. Network effect is real.  https://twitter.com/JEhrenhofer/status/1332552672185098240 |
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero. |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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November 28, 2020, 10:01:08 AM |
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If BTC plunges another $3-4K, what does XMR do? Say fuck it, and go on a tear? or get dragged or pushed down? It's been a bit like a balloon on a long string in a wind storm, lately.
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Febo
Legendary
Offline
Activity: 2730
Merit: 1288
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November 29, 2020, 02:47:23 PM |
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It's been a bit like a balloon on a long string in a wind storm, lately.
Monero goes 10% up or 10% down in a day. But at the end of the week it is still $120 as it was at the start. Best stable coin out there. I am bored of this $12x&$13x prices. Time to move on.
6 weeks passed and still waiting. So boring. |
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Hueristic
Legendary
Offline
Activity: 3794
Merit: 4861
Doomed to see the future and unable to prevent it
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November 29, 2020, 03:10:20 PM |
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I am bored of this $12x&$13x prices. Time to move on.
6 weeks passed and still waiting. So boring. We moved on, just in the wrong direction.  |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Hueristic
Legendary
Offline
Activity: 3794
Merit: 4861
Doomed to see the future and unable to prevent it
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November 29, 2020, 03:12:51 PM |
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If BTC plunges another $3-4K, what does XMR do? Say fuck it, and go on a tear? or get dragged or pushed down? It's been a bit like a balloon on a long string in a wind storm, lately.
We may have to wait for the next big institutional grab of btc liberties before we see reversal. I doubt we will have long to wait for that to happen. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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dragonvslinux
Legendary
Offline
Activity: 1666
Merit: 2204
Crypto Swap Exchange
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November 29, 2020, 09:13:12 PM |
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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 It's ironic, I got what I wanted. The Weekly candle is now looking like at reversal doji at the lows with high volume to support this theory.  But also the Week is threatening to close under the VPVR point of control and 0.236, which dragon doesn't not like as it's a bearish sign. Is this the moment where you're supposed to close your eyes and press the buy button as it's the price you wanted a week ago? Not convinced  |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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December 03, 2020, 10:51:31 PM |
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Currently resistance at the contentious longer term trend line. Loose Cannon on deck.  Zoom:  |
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cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
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December 03, 2020, 11:25:38 PM |
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Fun. Monero doin random Monero stuff like it likes.
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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December 04, 2020, 02:18:42 PM |
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OK guys if you think for now dollar chart is best for sanity cos BTC volatility, its harder to meaningfully read that chart. Here is my todays offering, the dailies in dollar price back a while. The trenches are being dug deeper each time on both sides of the line!  |
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cAPSLOCK
Legendary
Offline
Activity: 3738
Merit: 5127
Whimsical Pants
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December 04, 2020, 03:07:33 PM |
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OK guys if you think for now dollar chart is best for sanity cos BTC volatility, its harder to meaningfully read that chart. Here is my todays offering, the dailies in dollar price back a while. The trenches are being dug deeper each time on both sides of the line! FWIW, I like looking at both XMRBTC and XMRUSD. I think the former is more important, but I think they are both useful to see. |
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