Breathing on 0.0067xx
Looks like some shorts closing in this range.
I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November
In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago.
In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.
I think .0061 would be very hard to get to, and I would hate to see it that low again. On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down. All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast. A strong reversal above the 0.0061 range is what I
want to see.
It is hovering a couple bucks lower than I guessed... But of course I can redraw all my lines to fit this number. But in all seriousness this is where I saw it breaking through and where i figured support would form. What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD. So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate.
On the other hand I was a professional audio engineer for almost my entire career. What the hell do I know?
Looking at your chart, It looks like a few weeks until going on a tear. Some more down in the mean time wouldn't change that at all, in my mind. This rhymes with El Rippo's BTC:XMR forecast as well. His lower target receded some, with the speed of the drop, but otherwise is playing out on schedule. The chance of a break
down instead of
up I can't really concede; to what end? Is it broken? All metrics point up. Tx rate exploding, tech constantly updated, easier to use, more need than ever for privacy. Anything that happens in the mean time is just whales splashing: impatient for the tide.
As the BTC-XMR ratio is dropping, people in here are getting more and more emotional and frustrated, which i personally can fully understand and if i am criticized for some harsh predictions i am aware that i am hurting peoples feelings, so in order to scope with that, i truly apologize
I mined my first Monero block in February 2015, i did have absolutely no clue about price behaviour, analysis of anything, circumstances impacting prices, adoption, technical perspectives and juristictions and so on. I stumbled over Monero because i read an article about a
BTC millionare analysing crypto, how to tell if it is a scam, how to rate if a coin is legit, how to predict the future of a coin and that happened to be Risto. So i am in since 2014 and i think i made the large portion of mistakes that one can make. I started wit 11,6433989 Monero, accumulated and tried to trade, lost in trading, accumulated again, again lost in trading and repeated that cycle for several times, so i know how it feels like if you lose your beloved Monero because you are lacking knowledge. I hope i am coming on the way and i am glad that my prediction played well until now, but i think -as explorer already mentioned- we will see low 0,006 and eventually a panic dip for the high 0,005 to accumulate some nice and fresh Monero.
So guys, please don't get me wrong, just trying to benefit from my earlier mistakes and hopefully make up some of that lost trading experience from the past
