Little bit of a volume increase, little bit of upward price action. Currently 1220 BTC on the buy side and reasonable looking market depth chart.
If you're a trader, you can make some good swings on a 4% increase over the last 2-3 hours.
Topic: [XMR] Monero Speculation - page 1390. (Read 3313576 times)
I come here to watch people freaking out about the price moving 10k satoshi in either direction, and drawing fantasy lines through support and resistance... not to hear people call each other names. I encourage you goobers to censor yourselves before thread moderator has to go on a deleting spree.
In other news, XMR seem to be a coin flip to me at the moment, even though I am still perpetually long (never sell XMR spot once acquired! - pegasus #1 rule). We probably needed a consolidation period, and this 330 area formed support before - it was healthy to return here and shake out some margin longs who jumped on the azure news. Next major support would be 270, but I'm not sure if the price will be able to sink that low before moving to new levels.
Selling dropped off to minimums recently, and I do think we will break out of our 4-hr downtrend at this rate and possibly begin a new bull channel for 4-hr candles. Let's see what magic April brings for our little crypto.
In other news, XMR seem to be a coin flip to me at the moment, even though I am still perpetually long (never sell XMR spot once acquired! - pegasus #1 rule). We probably needed a consolidation period, and this 330 area formed support before - it was healthy to return here and shake out some margin longs who jumped on the azure news. Next major support would be 270, but I'm not sure if the price will be able to sink that low before moving to new levels.
Selling dropped off to minimums recently, and I do think we will break out of our 4-hr downtrend at this rate and possibly begin a new bull channel for 4-hr candles. Let's see what magic April brings for our little crypto.
Let's try to elevate the tone of this discussion.
Just like i said ur to weak
Since I'm nice I'll be the one to tell you you're making a fool of yourself and should probably just shut your hole.
The only fool here is you!
I hope XMR will go 299K so u can sell and leave crypto for good
Dream on XMR will reach 500K tomorrow
For the most part the people who post in this thread are Monero supporters. Intelligent debate is great but lets try to eliminate the personal attacks.
trading crypto long term seems to facilitate the development of something akin to stockholm syndrome.
Just like i said ur to weak
Since I'm nice I'll be the one to tell you you're making a fool of yourself and should probably just shut your hole.
you can suddenly change the total margin value of other margin traders, and potentially cause forced liquidation on some of them.
I hadn't thought of that. I'm getting to the point where it's difficult for me to enter and exit fully, but I'm not to the size where I'd need a huge wall to avoid a margin call. I also find it difficult to imagine people using margin when they have hundreds of BTC. I'll have to think about that and watch to see if there are sudden market orders when the walls disappear. I don't remember any, but I wasn't looking for them.
There's also a chance he's a big part of the support at 335k and is buying small batches while pushing down. I would expect him to split his orders more effectively to conceal them, though.
Anyway, whatever. I had no idea so many people were going to respond to me bitching about the bear whale. I'd prefer to just drop the subject.
Manipulation isn't buying and selling. I'm not an idiot. It's moving these walls around and trying to push the price around WITHOUT buying and selling, or with excessive pumps/dumps.
Manipulation would mean a deceptive action, but moving walls around happens in public. Besides the psychological effects, there might even be an element of rationality behind doing this: you can suddenly change the total margin value of other margin traders, and potentially cause forced liquidation on some of them. That is, playing by the rules that everyone knows, moving walls around could sometimes be a reasonable strategy even neglecting psychology.
Sure, playing games like this causes short term price swings that do not reflect the fundamental value. But hey, the value of a commodity on a market always is a mix of its fundamental value and some "playing games" white noise - games that often are not manipulative (deceptive), but playing by the rules in some creative way.
ur to weak for crypto trading u should sell asap im pretty sure u have dreams about xmr while sleeping
do ur self a favour and sell now ur obviously not for the long run
do ur self a favour and sell now ur obviously not for the long run
Coming from a guy who just posted FUD and said he was out, I find this hypocritical at best.
Just like i said ur to weak
Anyway, a market maker needs to paint the tape in such a way that traders can receive his (or her) signals and do his work for him. Why fight to break a clear support line when you can send out the right signals and let traders do the work for you?
ur to weak for crypto trading u should sell asap im pretty sure u have dreams about xmr while sleeping
do ur self a favour and sell now ur obviously not for the long run
do ur self a favour and sell now ur obviously not for the long run
Coming from a guy who just posted FUD and said he was out, I find this hypocritical at best.
Absolutely. I can get nastier too.
With what aim?I assumed he was joking saying "go beach yourself" was getting nasty. Like if I called him a big old meanie or something. I have no intention of getting nasty.
If that means you are no longer trading on margin that is probably a good thing. Small price swings seem to really stress you out.
You're absolutely correct. I didn't want to make an excuse for my bad trade, but I do have one and it involves emotions and substances not related to crypto or trading. In any case, I don't normally use margin and lost the panic mechanism years ago. My trade went bad BEFORE he started doing the things I feel are harmful. I'm not concerned about the dump to 321, which I would normally have predicted. I'm concerned about the clumsy shifting of walls and the obvious attempts to break or buy below the trend line, which I think would destroy confidence in the market for a good while.
None of this matters, because I sincerely doubt he will succeed. 335, 320, or 300 will hold.
There's no doubt I made a bad trade, but that really isn't the issue. Trying to break the trend line so you can buy at 250k is the issue. I'm just tired of wasting time on TA in markets that move according to the greed of a small number of individuals. So yeah, even if it doesn't go to 299k I'm pretty close to taking my profits while I still have them. Forex was more complicated because of how much has to be considered in the fundamentals, but at least when things happen you can figure out why and the answer isn't "because someone put up a huge buy/sell wall".
I'm by no means a TA trader, but I do include some technical elements in determining specific entry/exit points. A couple of observations:
1) I think this is true everywhere, but especially in crypto, technicals can easily be dwarfed in importance by specific events.
2) Because crypto markets are so thin and easily manipulated (yeah, I said it, and meant it, although not in exactly the same sense that you might think), in my view, crypto frequently overshoots the lines I've drawn. In other words, if I'm looking to exit a position at .0039 based on my normal analysis, I might make it .003975 instead. If I'm looking to buy on the way down at .00299, I might make that .00285.
3) When I say "analysis" above, that doesn't mean anything CLOSE to what I mean when I say "analysis" when I'm talking about, say, stock in CIT. For a living, I do valuation in closely-held businesses. When we're talking about crypto, you don't have earnings (GAAP or normalized), capex requirements, working capital adjustments, and all the other things that would make up a discounted cash flow analysis.
I would prefer it if XMR rose steadily over time and did not allow margin traders to come in and make big profits off us and then leave, taking our btc away with them. If the whale is trying to keep our rise more steady by holding the price down when its rising too fast, and punishing margin traders, then more power to him.
The environment in Monero in 2016 has been great for any long term buy and holder. Keep it up whales. Steady rise over time, no huge spikes and dumps.
The environment in Monero in 2016 has been great for any long term buy and holder. Keep it up whales. Steady rise over time, no huge spikes and dumps.
BTW, the first time I didn't say I was "leaving", I said you wouldn't hear from me. That's because I would have been liquidated by 300k. I took care of that issue.
If that means you are no longer trading on margin that is probably a good thing. Small price swings seem to really stress you out.
Absolutely. I can get nastier too.
With what aim?
Because there's no real reason for it to go to 299k unless someone dumps hard or manages to force it down. I don't expect them to succeed and I doubt 335k is the best we'll see. If they DO succeed I will simply lose faith in my (or ANYONE'S) ability to predict these markets when individuals hold such large shares of it, and that will cause me to go elsewhere.
ur to weak for crypto trading u should sell asap im pretty sure u have dreams about xmr while sleeping
do ur self a favour and sell now ur obviously not for the long run
Oh look, you moved your wall from 430 to 400. Hold on while I go panic dump. :p
What's next, 380 again? You're an idiot.
Absolutely. I can get nastier too.
What's next, 380 again? You're an idiot.
Now you're getting nasty.
Absolutely. I can get nastier too.
A lot of money in... price in decreasing channel fluctuation with decreasing volume though.
I think money is waiting for the bottom - and it is drumming its fingers waiting to pounce.
Maybe a move is coming... Soon ;-)
I think money is waiting for the bottom - and it is drumming its fingers waiting to pounce.
Maybe a move is coming... Soon ;-)
Whoever you are, and I know you're in here, you SUCK at being a whale. Go beach yourself.
Now you're getting nasty.
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