Quote from: aminorex on August 24, 2016, 07:31:08 PM

Quote from: rpietila on August 24, 2016, 07:24:36 PM

The top is visible (0.00938), but the startpoint of the move is more difficult...

I think the correct bottom is the day the DNM news was announced to the general public. This move is motivated by that informaiton, and its retrace is a retrace of that specific impulse. It is the only gap that needed to be filled. Retracement to .618 is 0.0075, to 0.500 is 0.0069 to 0.382 is 0.0064. That is how my bids are placed, anyhow. So far, only 0075 has filled.

The previous move was on inside information, and there will be no retrace of that move, because the number of participants was vanishingly small compared to the number participating in the public information move.

What you say is clearly a possibility. However, technical analysis ignores fundamentals and news, insider information, and everything except price, and that alone. If someone is out of XMR, it might make sense to enter slowly even at the current price. But XMR's nature has been to visit the key price points (in this case 420k) repeatedly, so I am interested to see what happens