Quote from: obit33 on September 05, 2016, 12:43:22 PM

Quote from: elrippo on September 05, 2016, 12:31:20 PM

Landies and Gents, please be careful with your XMR!
IF this pump follows the same shematics as the last one, i would sell my XMR now and buy back in way lower.
Just look at the similarities from the last pump, only the timeframe and volume from this august-september pump is more intense.

Last Pump

This Pump

couldn't care less... even if you bought at the top of what you call the previous pump, you still made out like a bandit right now...

and again, this is not your ordinary pump, monero has utility now... you seem to be the only one who doesn't get this... would you say that bitcoin reaching 600$ was a pump & dump? Sure, there were pumps, but all in all bitcoin is worth this much now because of utility...

let's hope the same happens with monero, good luck trading it... I won't try it for sure

best regards

Monero has enough volume now that traders will start applying traditional TA to the price. Everyone who trades uses Fibonacci levels and Elliott Wave theory to help with entries and exits. Monero has now made three impulse waves up:

Any seasoned trader would see the three impulse waves up and start thinking that it may be time for an ABC two wave correction. Usually an ABC correction goes down to the vicinity of the top of the first impulse wave in this case .01. Not always though. A 50% to 61.8% correction might be all that occurs. If price is in an extended wave 3 we could see a new ATH. The point is buying at this level carries more risk than normal. You can always wait for a down day on heavy volume to get a better price.