Bought at .0038, put a sell in at .0046. Missed it by that much. Is this the start of another multi-month decline or a blip? Thank you for your valuable insight.
I'd say multi-month decline. What I have found with Monero is that too many people don't actually care about the technology and only want profits.
I'd expect prices close to 0.0038 around August if the past performance of this coin is any indicator.
Also the bottom will most certainly be below 0.002, even I have sold a few coins because I will certainly pick them up cheaper in a couple of days.
I think we're probably going to 0.004 again before 0.002, it's not strange people are taking profits after a 400%+ price increase and most people who wanted to sell probably already did between 0.003 and 0.0043.
Also it takes a 30k XMR buy to reach 0.004 again and a 30k sell would dump the price to only 0.0026, so I'd say the chance of retesting 0.0043 is higher than going < 0.002.
