Topic: [XMR] Monero Speculation - page 601. (Read 3314316 times)
We are currently at 316k satoshis right now, far from the highest peak yesterday which was around 375k satoshis. This is not yet very low though. XMR has been leaping to high points in the past few days. More dumping I think can be seen in the next day or so. And then another round of buying will follow.
going back to .29
Smart. 24hr ago it was 200-300$ now it will appear with huge % drop, people will panic, someone will buy, tomorrow there will huge % increase, people (bots) will start buying.
going back to .29
I still dont get the idea about why Koreans likes Moneto a lots
They seem to buy everything that is opened for the to buy.
I wonder if every alts are introduced to them.
They seem to buy everything that is opened for the to buy.
I wonder if every alts are introduced to them.
I'm ready for wave 3 - is anybody with me? 
I feel like this steady growth (pumps and then new higher supports) is an indication that Monero is not yet "overvalued". Now people should learn about the fundamentals and start using it as a store value and/or for purchases.
I see a bright future...
I see a bright future...
Charty mc chartface 
Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic...
...(some other text in here)...
...mooning and never coming back...
That right there you wrote at the end is the main thing in CRYPTO, that makes all the short term trading stuff ultimately kind of pointless IMHO.
Sooner or later that'll gitcha and -- looking back -- you'll conclude it would've been better to just HODL and save yourself the headaches.
Others here, of course, will disagree and say you can make more trading the mini swings (like how real pros like Aminorex and Rangedriver, etc do it) but it seems more like an ART to me and not really any kind of science. Or gambling, LOL. Some people are just lucky
You made the point. Long term holding and converting fiat when it's possible is a much safer strategy for a non-gambler like me...
You're mum accepts Monero (but its a secret).
great coin but wallet sucks. cant even download it properly
Which businesses accept monero if I may ask? I haven't really saw any news about XMR being accepted by Microsoft unlike ETH. I watch this coin rise from $40 up to how much it is right now. I thought of selling my NEO for XMR during the time when it was pumped in the range from $50-60. I never expect it will be high high.
IDK - maybe porn sites should? Porn industry is indicator for new technologies like DVD, CD why not crypto.
So far it's great, price rising slowly and finding support at 140-150$.
Whit all updates coming soon including a new GUI version will easy see more pumps in next weeks. Monero is finally recognized for it's value
Whit all updates coming soon including a new GUI version will easy see more pumps in next weeks. Monero is finally recognized for it's value
Which businesses accept monero if I may ask? I haven't really saw any news about XMR being accepted by Microsoft unlike ETH. I watch this coin rise from $40 up to how much it is right now. I thought of selling my NEO for XMR during the time when it was pumped in the range from $50-60. I never expect it will be high high.
That is like 5 times increase in one year if I remember right.
Hash rate still playing catch up, but moving strong as well. We are not far from Gh soon(TM).
Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
Welcome to moneroland. My recommendation is not to follow that strict rules. Hold the 95% in the colder storage that you can get and use that 5% to trade not been too greedy. Trade only when you are in a clear mindframe and spend time looking, reading the charts. Contemplate it, zoom in and out. Let the insights and revelations develop. As time happen you would start to see it as Neo in matrix, perceivingthe feeling of the market, what the whales are planning, developing your own recognition patterns about what is going to happen.
Learn some TA and some elliot wave theory. Basics is enought, you don´t need to go to the deep end of the rabbit hole. Learn the fibbo extensions. Its like learning a new language, but instead of grammatical its a mixture of visual, intuition and feeling. Read all the news about the coin. With time you will see throght the bullshit and do nice calls.
Even then, its normal to fail 20-40% of the time, noone here do it right everytime. Do it as hobby if you like it, but the best strategy in this market is to do nothing, be patient and hold it.
Are we gonna see xmr at $150 at polo tonight? What ya think guys?
It's certainly putting up a fight for a bit now... we shall see...
Are we gonna see xmr at $150 at polo tonight? What ya think guys?
Thank you for your input. But how do you know to catch a wave? How do you know when it's a pump and dump?
it's partially feelings, sentiment on the forum, twitter, daytime, news ... not always you are really able to know, but time to time you just know.
And of course if you are aware and see your dumpfest about to begin, just jump in and ride
Bigger waves lasts more than 30min so at least one-two candles you can catch without much problems.
As I said, I don't care about catching very bottom or very top, but for monero these days it's around 10usd up/down on daily basis and this is enough to ride on.
If you miss it, no need to be bitter, It's part of the game. I see very very very often people doing a lot of lines in the charts predicting future ... for me it does not work nor make much sense as history proven that this market is very different from stocks.
90% of my investments are mid-long, short ones are basically just for fun, but when it's very obvious that something will happen I'm daytrading with some funds as well.
That is like 5 times increase in one year if I remember right.
Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
well ... u said u don't like adrenaline behind, but what you are doing is all about it.
over the years Iam around cryptos I found it very relaxing, but 5min trading is just stupid idea and mostly held by bots. All your so called profit will be eaten by exchange fees most of the time, because u r gambling on very very small waves.
Best strategy (besides here very common hodling) is to do smart short-mid term investments together with long ones.
It really does not that matter if you start with 1000 or 100. It's only about percentage. If you make 20% rebuy later when drop kicks in. Or move to another alt if current is on top.
repeat
profit
I do daytrade, time to time, but MOST of the cases my daytrade is about riding bigger waves. I do not really care if I catch very top or very bottom, I just care about to be in good profit. If I'm not - I'm not going in/out. Don't care if I miss that or that train... there is so many of them, and ALWAYS that train will come back eventually.
I think your approach is overcomplicated with too much effort in it, but if it works for you, go for it
Thank you for your input. But how do you know to catch a wave? How do you know when it's a pump and dump?
Jump to: