Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
americanpegasus
on 27/03/2016, 00:01:28 UTC
I would suggest taking a stop back and looking at the volume levels in the weekly chart. https://bitcoinwisdom.com/markets/poloniex/xmrbtc both in terms of XMR and the XBT. The volume numbers since February 2016 are consistently way higher by approximately a factor of 4 than the historical levels going back to 2014. This is indicative of a fundamental change in over the last two months.

To be honest, and you know I am the biggest Monero maximalist out there, it looks like our vertical ascent may have over-extended itself a tad.  I think it's not unthinkable we may face a consolidation/correction period where we bounce off some support.  When people in the Polo troll box start saying things like 'the Monero scam pump is over! ha ha' then you know we are ready to resume launch.