The consolidation continues. I am inclined to see 0.008-0.0085 as a short term resistance now. Unless we get there in 2 days, this is confirmed, and the 0.01 double top is confirmed as well (2014,2016).
If we resume the grinding slide that I am forecasting, it may take months to reach the target 0.0042. And of course there is never a guarantee that it is reached. If great news come, it is likely to throw the grind scenario out of the window.
If we resume the grinding slide that I am forecasting, it may take months to reach the target 0.0042. And of course there is never a guarantee that it is reached. If great news come, it is likely to throw the grind scenario out of the window.
I enjoy your posts and i do like your math well explained, but Risto, i have to disagree on this point.
The volume is declining steadily, and i personaly do not see all of your prediction becoming true, i think this will be much faster and harder.
Let's wait, drink some tea and watch the birds are doing
It's a bit of a sloppy move but Risto knows how to cover his back.
Here is wisdom:-
Don't let the past govern your sense of market potential. You all know the reasons why you got into XMR, so don't be surprised when the inevitable starts to materialize. Don't let the inertia of the past 18 months govern your strategy in dealing with the next 3 months. The times have changed, and as volume continues to increase, the days of 200% oscillations are over.
From here, we only go up, with meaningless retraction. That's the nature of XMR fundamental confidence, which is exactly the reason you bought in.
Welcome to the new shit. Embrace it like you knew about it from day one.
Go forth, multiply, and enjoy.
Yes, welcome to the new shit.