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Topic: [XMR] Monero Speculation - page 1538. (Read 3313576 times)

legendary
Activity: 1498
Merit: 1000
February 18, 2016, 04:53:35 AM
That 100k XMR wall blasts my mind. Either someone is desperate, or distributing... I really have to see how we pass that 20000 mark.  Undecided

Anyone noticed something weird? It is visible at Polo order book but not at bitcoinwisdom!

 Huh
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
February 18, 2016, 04:40:32 AM
That 100k XMR wall blasts my mind. Either someone is desperate, or distributing... I really have to see how we pass that 20000 mark.  Undecided
legendary
Activity: 2268
Merit: 1141
February 18, 2016, 03:44:45 AM
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.

Err, why is dumping required to cover the shorts? When shorts are covered, they shoud dump to the north, right?

Yeah, they have to either to set a bid to close their short or do a market buy.

EDIT: 165-170k still seems to hold. A quick drop below it isn't problematic, as long as the candle closes above again.
full member
Activity: 121
Merit: 100
February 18, 2016, 02:59:32 AM
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.

Err, why is dumping required to cover the shorts? When shorts are covered, they shoud dump to the north, right?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
February 18, 2016, 02:53:48 AM
So what happened to the 100K sell wall at 180, did it move back to 200?
sr. member
Activity: 392
Merit: 250
February 18, 2016, 02:42:54 AM
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.

17k support seems to be holding for now. Hopefully it will be able to support some minor dumps. But if dump of 90k like before cant.
legendary
Activity: 1092
Merit: 1000
February 17, 2016, 11:17:17 PM
This is probably a bear trap that makes people earger to sell, or a whale really looking for a coin redistribution. Still there are open short positions so more dumping is needed to cover those unles the covering will be done via margin call.
legendary
Activity: 1260
Merit: 1008
February 17, 2016, 09:53:49 PM
well I never have any real idea of what these graphs mean, but I think I tracked a lot of bitcoin that left poloniex on 2/14, saw a lot of it cash out in various fiat exchanges, and then finally end up at OKcoin.

https://www.blockseer.com/transactions/6b372bd3c85282a3f9b535ba44694ed9cc3ee81b101130b59f30bb4e39b503de/graph

this isn't money.

I always just follow the largest output.
sr. member
Activity: 294
Merit: 250
February 17, 2016, 09:44:08 PM
Still a long way to fall until 4 million market cap and real 30k USD volume.
sr. member
Activity: 392
Merit: 250
February 17, 2016, 09:22:48 PM
...

I am sure whoever put that wall up does not mean to actually sell that much.  I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.

It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does.

Most likely no one will buy it as the pump is over. If the seller cannot sell will probably start dumping in small increments over the next week or two.

Monero is already sub 17k. So the question whether the 16.5k support will hold, or buyers will pull back.
legendary
Activity: 1036
Merit: 1000
February 17, 2016, 09:04:45 PM
...

I am sure whoever put that wall up does not mean to actually sell that much.  I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.

It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does.

Most likely no one will buy it as the pump is over. If the seller cannot sell will probably start dumping in small increments over the next week or two.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
February 17, 2016, 08:51:25 PM
...

I am sure whoever put that wall up does not mean to actually sell that much.  I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.

It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does.
hero member
Activity: 770
Merit: 504
February 17, 2016, 07:56:34 PM

Almost 200BTC sell wall. I guess its fake, to scare ppl from buying and keeping price low.

I am sure whoever put that wall up does not mean to actually sell that much.  I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.
sr. member
Activity: 392
Merit: 250
February 17, 2016, 07:42:34 PM
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.

It depends what you mean by big move and and which part of history.

400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether.

a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more.

at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin.

 ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it.

Ethereum passing it marketcap wise might have something to do with. It used to be advertised as the Litecoin to Bitcoin's gold and as the solid #2 in crypto. I suppose that is forgotten glory nowadays.

EDIT: Sell wall at 180k now.

Almost 200BTC sell wall. I guess its fake, to scare ppl from buying and keeping price low.
legendary
Activity: 2268
Merit: 1141
February 17, 2016, 07:13:14 PM
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.

It depends what you mean by big move and and which part of history.

400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether.

a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more.

at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin.

 ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it.

Ethereum passing it marketcap wise might have something to do with. It used to be advertised as the Litecoin to Bitcoin's gold and as the solid #2 in crypto. I suppose that is forgotten glory nowadays.

EDIT: Sell wall at 180k now.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
February 17, 2016, 07:11:02 PM
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.

It depends what you mean by big move and and which part of history.

400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether.

a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more.

at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin.

ltc has been behaving strangely. altcoins on chinese exchanges have all been exploding lately but ltc hasn't and no one can say that ltc isn't accessible in china. so i'm not sure what's up with it. it takes much more to move ltc than xmr so xmr might move first. in that scenario, i think you just choose your alts and wait. you can only hurt yourself by chasing the ones that pop first.
legendary
Activity: 2268
Merit: 1141
February 17, 2016, 06:38:29 PM
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.

+1

I think we're in the middle of the period technically known as "the chill out zone".

Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.

From there it's a question of what tunes are playing on the sound-system.

This guy also seems to look at the 165k-170k zone as support:

http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/

The link is to a report on 0.0021 being both support and resistance recently on the 15 min charts for a recent time span of 2+ days Tongue Tongue

A few months ago there were a few links to the same source which as far as I'm concerned give very little in the way of info.

Disclaimer:  I am clueless Undecided


In other news, as of today my Monero house now has a garden and some fertilizer for it.  Ok I'll translate a bit, fertilizer is the portion set aside for donations.

Last picture. Btw, lending rates are still kind of high, which is a good thing in my opinion at the lower end of this range (165k-246k).
legendary
Activity: 1624
Merit: 1008
February 17, 2016, 06:36:34 PM
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.

+1

I think we're in the middle of the period technically known as "the chill out zone".

Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.

From there it's a question of what tunes are playing on the sound-system.

This guy also seems to look at the 165k-170k zone as support:

http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/

The link is to a report on 0.0021 being both support and resistance recently on the 15 min charts for a recent time span of 2+ days Tongue Tongue

A few months ago there were a few links to the same source which as far as I'm concerned give very little in the way of info.

Disclaimer:  I am clueless Undecided


In other news, as of today my Monero house now has a garden and some fertilizer for it.  Ok I'll translate a bit, fertilizer is the portion set aside for donations.
sr. member
Activity: 392
Merit: 250
February 17, 2016, 06:21:59 PM
if bitcoin makes a big move up, the alt bubble gains (including xmr) will likely be erased. this is true historically.

It depends what you mean by big move and and which part of history.

400->500 probably just hurts alts as everyone wants to ride the pure BTC train for now. But a BIG move may be another story altogether.

a BIG move would still have the same effect (declining alts) from $400 to $500. what happens after that is anyone's guess. hopefully the fabled altcoin slingshot move materializes at $1000+ and xmr participates. in that case, xmr could easily reach .01 or more.

at $1000+ for btc, litecoin will be first to go up. Its the main alt traded on chinese exchenges next to bitcoin. So who ever misses btc train at this time, will jump to what is at hand in china, i.e., litecoin.
legendary
Activity: 2268
Merit: 1141
February 17, 2016, 05:40:45 PM
The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.

+1

I think we're in the middle of the period technically known as "the chill out zone".

Once shorters have reached the bar and gotten a drink, there then inevitably follows a period of "polite conversation" followed by an agreed and accumulative shuffle up to a feverous triple-top.

From there it's a question of what tunes are playing on the sound-system.

This guy also seems to look at the 165k-170k zone as support:

http://themerkle.com/technicalanalysis/monero-technical-analysis-for-02172016-pivot-zone-review/
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