Topic: [XMR] Monero Speculation - page 947. (Read 3314350 times)
Jesus I can't believe trump is winning. Americans are the most retarded morons to walk the face of this planet.
It is two months since the high of the pump and I expected traders to move on to a new coin of the month by now. The fact that Monero is still hanging around .01 means it really has legs.
Also trade volume is on a great level
It is two months since the high of the pump and I expected traders to move on to a new coin of the month by now. The fact that Monero is still hanging around .01 means it really has legs.
First everyone should read wolong's book 
- 9 pages
XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
- 9 pagesXMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great.
Wow, time flies. Just jumped back to page 1 and thread was only created on August 2014, and I apparently posted on the first page. So I've probably read all / most of those 1262 pages as well. Amazing I still have any friends and my wife...
Don't forget there was another (unmoderated) XMR Speculation thread before this one, before it was overrun by trolls leading up to the BCX fiasco. It's amazing how little XMR trolling there is these days. Even the reverse trolling is comparatively non-existent, I guess because whoever was behind it has given up. Not complaining.
My guess is they accumulated some.
First everyone should read wolong's book - 9 pages
XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
- 9 pagesXMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great.
Wow, time flies. Just jumped back to page 1 and thread was only created on August 2014, and I apparently posted on the first page. So I've probably read all / most of those 1262 pages as well. Amazing I still have any friends and my wife...
Don't forget there was another (unmoderated) XMR Speculation thread before this one, before it was overrun by trolls leading up to the BCX fiasco. It's amazing how little XMR trolling there is these days. Even the reverse trolling is comparatively non-existent, I guess because whoever was behind it has given up. Not complaining.
Amazing I still have any friends and my wife...
LOL if you haven't already lost your friends and your wife over your cryptocurrency obsession... yer doin' it wrong
First everyone should read wolong's book - 9 pages
XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
- 9 pagesXMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great.
Wow, time flies. Just jumped back to page 1 and thread was only created on August 2014, and I apparently posted on the first page. So I've probably read all / most of those 1262 pages as well. Amazing I still have any friends and my wife...
First everyone should read wolong's book - 9 pages
XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
- 9 pagesXMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great.
First everyone should read wolong's book - 9 pages
XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
- 9 pagesXMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH.
Buy orders back above 3,000 on Poloniex for the first time in a while...
Above 3,500 now and growing trade volume too.
this is a good way to look at monero measured in oz of silver
I'd skip this one.
I am a follower of Monero since May 2014.
It has a slim chance of breaking 0.01 now, and even if it does, it'll get stuck (and you lose nothing by waiting).
If/when the breakout proves to be false, the price is easily halved => so much more coins for the prudent ones.
I am a follower of Monero since May 2014.
It has a slim chance of breaking 0.01 now, and even if it does, it'll get stuck (and you lose nothing by waiting).
If/when the breakout proves to be false, the price is easily halved => so much more coins for the prudent ones.
Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.
XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.
IMHO, Monero have enough liquidity to obey EW now.
Wrong, it's just manipulated at a much higher level now.
Seriously? Then somehow the manipulator follows EW and applying basic patterns on the chart.
Pretty good smoke screen to follow, isn't it. It's been seen before. Not hard to do if you know what your doing and the market wants to react that way anyway. just wait for a large indicator and smack those riding it. It's not rocket science.
In reference to @CryptoPH posts yes three impulse waves up is a common trading pattern, usually followed by two corrective waves down. Even if the wave structure does not fit the strict EW criteria, buying at the top of the third impulse up, especially if close to resistance, is usually not the best idea. Instead consider waiting for a two step correction down to buy. If Monero is following this pattern now on the one hour chart price should decline to .008 soon perhaps today. I would not buy there though for reasons below.
As long as I have been following Bitcoin and Monero the most useful TA tools to help give me an edge on entries and exits are Fibonacci retracements and extensions which definitely work very well with Monero. The 200 moving average on daily and weekly charts is another.
Also at present looking at the weekly chart 0.01 is stong overhead resistance because the previous ATH of June 2014 is reinforced by a Fibonacci 23.6% retracement level at .0107:
With the strong overhead resistance at .01 it is hard to justify going long now. Risk vs reward is not good. If price were to decline to .004 now that would present a buying opportunity.
As long as I have been following Bitcoin and Monero the most useful TA tools to help give me an edge on entries and exits are Fibonacci retracements and extensions which definitely work very well with Monero. The 200 moving average on daily and weekly charts is another.
Also at present looking at the weekly chart 0.01 is stong overhead resistance because the previous ATH of June 2014 is reinforced by a Fibonacci 23.6% retracement level at .0107:
With the strong overhead resistance at .01 it is hard to justify going long now. Risk vs reward is not good. If price were to decline to .004 now that would present a buying opportunity.
Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.
XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.
IMHO, Monero have enough liquidity to obey EW now.
Wrong, it's just manipulated at a much higher level now.
Seriously? Then somehow the manipulator follows EW and applying basic patterns on the chart.
Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.
XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.
IMHO, Monero have enough liquidity to obey EW now.
Wrong, it's just manipulated at a much higher level now.
Monero always the top traded coin even from one single market and still the corrupt and selfish markets don't adopt it.
Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.
XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.
IMHO, Monero have enough liquidity to obey EW now.
Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.
It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.
If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).
I don't usually consider shorting XMR but this is one of the rare occasions.
If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).
I don't usually consider shorting XMR but this is one of the rare occasions.
Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!
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