Topic: [XMR] Monero Speculation - page 82. (Read 3313076 times)

The suspense is killing...  Were you planning to expand on that, or just drop it like Elwar? 

I think there are some scenarios in which the BitMex thing is good fr Monero...

I remember one resistance/support was around 0.0115 and other around 0.017. I clearly remember saying that any Monero below 0.017 btc is a undervalued Monero    Anyway around 0.0115 will be our next target. If somehow, with BitMex drama, breaks it we will go fast to not super cheap Monero range anymore.

9K !!!!!




Sorry, couldn't help myself

I've come across to know from analytics, the price of Monero is testing the major resistance and we're little bit far before the breakout. I don't know whether it's works out as expected but at some point I've same feeling though. What's about your thoughts?

Seems I cant see tweets anymore.

Still not going to make an account.

You are very often correct.  Keep us updated 

https://twitter.com/jehrenhofer/status/1311353499028946951

https://twitter.com/jehrenhofer/status/1311369594855198721

My prediction was 0,009'ish by the end of september, October starts even better 

It's been a long time coming but yup, that extra zero was completey dissatisfying. Both 120 and 13k would be nice very soon, but you get the feeling that there is so much more to come, on both fronts.

In the last 30 days, the XMR to silver ratio has gone from 1:2.5ozt to 1:4.5ozt.

It's also worth noting that real estate has began to decline in USD many areas and the average days on market for properties is increasing.

The dow is trending down from its six month high.

Soft commodities such as coffee and cotton are still near their five year lows, but are starting to trend upward.

Are we seeing the beginnings of a global market reversal?

Oh Look!  We got rid of one of those horrible zeros!  Lovely to see at the end of a productive day! 
 
Definitely 120 before 13k.

  Steady Upward Pressure 

Hmmm, could we have run out of weak hands?

Well, XMRBTC could lose over 10% and it would still get there first.

In other words if Monero stays above 0.0087 then Bitcoin will catapult it over 120 before BTC made it to 13800.

So, in my opinion it is EXTREMELY likely that Monero makes 120 while Bitcoin is still on the way to 13800.


***EDIT*** Get ready to see .01 shortly!  I think it could be very normal for that to put up a little resistance/profit taking due to the gigantic psychological factor.

Good question from reddit.

Which breaks their June 2019 peak first?

Monero at $120 Bitcoin at $13800

Congrats gents... we just made a new yearly high, I think.

This is not insignificant.

In fact you gotta go back to June 19 to beat it... and back then we fell quickly from .0115.  So there is not much technically between here and another 12-13% up.
Someone(s) has been loading up on XMR for the better part of 4-5 months.  Almost everything else out there is treading water.

I suppose we should get ready to sell some news?

The only thing that sucks about this turnaround is it is too early for me as I haven't been able to buy any more in the last few months.

Otherwise go for the sky baby!

In USD the next trading ranges are:

Between 95-115
Between 115-140
Open skies!

The timeframe is the harder question, and I think depends on the broader crypto markets.

I expect those two areas to put up fights.

The reason I am talking USD is because I think a lot of the new money coming in will be thinking in USD, and bitcoin's rise also brings us into those areas.

Looking at it in the more important XMR/BTC shows a similar potential progression, though.

Over the last year Monero transaction count has QUADRUPLED, and is basically at an ATH.

Healthy indeed.  This is not the springy action of a pump and dump sort of asset.  For example, right now we see BSV in the pre-coingeek pump that happens every time (money to be made if you can stand the stink) they have a conference.  But Monero does not tend to follow that sort of line.  It trades more organically.

When Microstrategy was buying 10s of thousands of bitcoin they had the luxury of being able to use an extremely active OTC market.  And there are certainly some OTC desks that handle Monero (I dunno Kraken? others?) but the reality is it is still an extremely thinly traded asset compared to big daddy.

I would posit that this is the very best that money moving into Monero can do in regards to not moving the market.  What we are seeing is sustained, patient buying. 

Monero is #15 in market cap, but #10 in trading volume (measured in USD).  This is a sort of bullish divergence (of a kind) in my opinion.  Since it shows that there is more trading action for Monero than all but 9 other coins.  Of course this is hard to measure, and fake volume is rampant... with nearly 1 billion traded in the last 24 hours at a place called "Citex?"  But Monero has SIGNIFICANTLY more volume there than even Ethereum, and is second only to Bitcoin.  Even TradeOgre shows it at #2 with neatly $30k in volume, which is a lot of volume at basically a dark market exchange.  The other thing that possibly even WE forget is that Monero can be traded just about invisibly.  Anything happening outside of a reporting exchange is fully in the dark thanks to the properties of our little buddy.

I think something is definitely going on out there in Monero-land.

And the fun thing is, if this buying pressure holds up it is just about to thrust us over a fairly significant threshold.  Once we sustain prices in the 0.0095 range it gets to be pretty clear skys for the most bullish price action we have seen in years.

Here's to that being the case!  It's hard not to be excited.