Topic: [XMR] Monero Speculation - page 1933. (Read 3314330 times)

I never saw an XMR speculation thread before...

Checking out Poloniex I don't think there is much to speculate on the Monero price using TA is there?..you can see this user Warz parking a 50BTC-80BTC buy wall just below the market price, like here:



Quite interesting he bought up from .0023 then just kept moving the walls up all the way to ..00255 - this way it seems he has a lot of control on the price...

...because if people start to dump into his walls, if he doesn't budge, he can just add more walls and build a base.  Or if people dump on him and he moves the walls down, the price drops and he moves the wall down the books like he has done now.

...and to pump he buys up and then moves the walls up to create a big support level like he did today.

So quite easy to predict the Monero price based on what a few whales are doing and all via Poloniex?  That explains why on the price chart there are never any big movements, the whale's buy walls moving up and down are too big for lots of small users.  And it suggests XMR distribution is a few mega-whales and lots of small holders, but I haven't seen any stats on what XMR distribution actually looks like?



And because 98% of Monero volume is through Poloniex (because Fluffy is trying to get HitBTC delisted from CoinMarketCap so exclude that) and Poloniex is a trollbox-based exchange it's quite easy to set the price if you have enough XMR I think...except when some other whales dump or pump and it gets messy like recently, but quite easy to predict..?

Good boy, cough up those cheap coins for us.   

Is that all you got?  The market is rallying off your fail-whale rage-dump.

Now puke up the rest.  DashHoles don't deserve to have a single Monero.

Lol, He's been on ignore so long I only have to see him when you guys quote his foolishness. Looking like expected, It won't be long before I'm back in.

I wish you success.
It is against the odds and if you succeed you really have deserved it.

Na im in it for the long haul, not to play. I may do well this one time but on the long term if i open that box it will bite me. I'm smart enough to know not to open that box. If it goes lower ill just buy more and take some profits at all time highs some day.

Nice Polo trap, but...

I totally agree with you about this. 200k is still a key point of support, but it seems that it's going out of sight. Head and shoulders happened already, let's get ready for the next big boom!

I think there is still good chances to go lower.
If the price will not move clearly above 0.003, the current mini rally is called "dead cat rally" which is only a temporal and the last breaths of the Goliath before falling in front of David's slingshot.

BTW, copngratulations on buying low... Now you have a nice chance to take the profits.  There is some liquidity (not much though - even a middle size dumpster can eat all the liquidity).

A lot of support up against a price that seems low with very little in the way of resistance. Support that is by definition real considering how close it is to the trading price. Bouncing off a fib retracement level (source risto). Don't want to get my hopes up too much since the big market order seller(s?) may not be done yet, but looking pretty good gentlemen. Promising indicators.

... then, despite predicting it to the figure, I was caught pants down because I anticipated a longer period of decline.


Too bad, it will manifest in increased buying pressure later  

Thats why its better be double cautious with the negative hype around here, it can rapidly change for the better, the same could be said about positive hype but I'm under impression Monero is about building something useful and lasting and not another p&d, and I'm sure this feel reflect in many of the community and developers actions

if that dip that just happened was the bottom than i LITERALLY caught the bottom. like that was my order that got filled at the bottom of the bottom. never had anything like that happen to me before. pretty cool... if it's really the bottom.

The close today is important:

>256 very strong hammer
>253 nice hammer
>250 still counted as hammer.

This can be manipulated with small money of course. Yet I view it with interest. 450 might not survive even the first test if we now turn up 

Pretty sure a lot of bluffs were called today.

Whether or not someone's become disinterested and had previously taken on the mindset that they might have enough to wait out a market decline, or whether or not someone was under the impression that public faces have more reach than they actually do and has refrained from buying until they become disinterested, or whether or not someone was temporarily short on a swing trade and got caught midway..

They're all now momentarily reminded that all it takes is a few hours to realize that the reality is what they want it to be, what they want to create.

The moment is nice.

It looks possible that we have abruptly come to the end of the correction 

- The price point required for a 2nd Fib correction (225) was reached
- If we close at 253 or higher, there is a strong green hammer in the daily chart
- Volume is sharply up
- There is some capitulation mentality and/or trolls dancing on the table (only a little, but enough for a midmove retracement bottom).

What do you think about this, guys? Quite a surprise?

Yeah i agree. I could really refute that and we would create a big conversation that will never end. But please not here....

Can we keep that out of here please?

Oh yeah u are the person we have to listen to:





Karma.

still no bottom in sight. we will probably go back to the 0.0010s

I am just struggling with a thought if he really thinks that what he writes has any meaningful impact on the prices. I could understand wrecking credibility for a gain but what gain can he see in his action? I mean seriously the guy think his pump and dumping makes a difference. LOL