Quote from: rangedriver on April 11, 2016, 02:16:46 PM

Quote from: griffen1102 on April 11, 2016, 01:58:10 PM

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I am still bullish. A retracement is healthy and allows for people to jump back in so long as they actually pull the trigger.

Quote from: griffen1102 on March 28, 2016, 12:00:05 AM

Quote from: rangedriver on March 27, 2016, 11:53:09 PM

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~0.0029 coincides the bottom of the channel (0.001200 thru 0.001904) with the 38.2% retracement (0.00097 to 0.0042).

That's a pretty strong package, but it if breaks, then the 50% retracement sits at 0.0025950.

(We don't want the 50% marker to break as that would be a technical reversal of everything built from 0.0009.)

No way we break 300k.

At least we're on the same page now, albeit two weeks out.

Having said that, the 50% marker is clearly done - too late for it to be a useful indicator.

You were right, I totally underestimated the downward momentum the dump caused. I also thought our correlation to the ETH chart was done, but I'm back on that train now. Like I said, I'm still bullish here and have sold some other coins I was hodling to pick up some more XMR, too much development in the pipeline not to turn around IMO.