Quote from: ArticMine on April 11, 2015, 11:45:04 PM

Quote from: rpietila on April 11, 2015, 11:13:44 PM

Quote from: ArticMine on April 11, 2015, 10:53:55 PM

I do not see a 0.0028 to 0.0045 trading range

The trading range is derived from the price:volume scatter chart, which indicates that half of XMR volume ever traded was traded in that range.

0.0028 I see as a very strong support, then resistance and now support again, so I don't have an issue with the lower part of the trading range. I just do not see anything that special at 0.0045 in the charts. My take is that 0.0050 - 0.0058 range is a more likely place for the bears to make a stand. Furthermore the drop in XBT/USD, XBT/EUR etc since last summer would also tend to bias the trading range upwards.

It is true that the upper bound-zone is wider, and therefore more elusive as well. Regardless it is there, so that I'd much rather advise to buy now and wait what it takes, than wait for a breakout from the upper bound, of which we can really be sure only when the price hits 0.015, more than 4x the current price. I don't think waiting for that before buying is justifiable. Every other breakout in between could be false, and you just buy at a slightly unoptimal price, which in the end does not matter.

Well if more people had this mindset, the rise would be gradual and there would be no trading range, just a slow rise (what you said, originally Wink

), chewing through 0.0045, 0.005 and whatever resistancies there is, in the following months. The presence of speculators does not make it possible, they will always come late in the rally and be early to exit.

Finally, the figure of speech "bears to make a stand" rubs me the wrong way. If you are truly negative towards something (like I am to dash), you ignore it and never buy it, and consequently have neither voice nor votes in determining how its market goes. The whole picture is so convoluted because "bears"/"bearish" are people who hope that the price would go down (so that they can buy), while "bulls"/"bullish" are the ones who are already maxxed out and hope that the price would go up for them to be richer and/or to sell and "profit". Understanding of this is so vague that using these terms and seeing them used does not convey reliable information, (except in cases where the context totally defines it, and the animalspeak could have been omitted as redundant).