Post
Topic
Board Speculation (Altcoins)
XMR Monero - Short and middle term price discussion
by
moneyLooser
on 14/11/2016, 21:21:24 UTC
Hi,

since the speculation Thread is full with people talking about 100-10.000$ per Coin or other unrealistic fanboy trash I want to start a different thread here.

In this I want to discuss only short and middle term price expectations on a realistc basement. That means only estimations basing on facts.

Everyone is welcome unless you start fanboy crap.

Because I only follow whales and am a little fish in their shadow my estimations are always based on what they talk to me. I gave up some weeks before to trade on my own, it was never profitable. Following whales turned it into strong profitable.

My last trade was a long at 64 what i closed yesterday at 112. Pretty nice profit of 9 BTC

I was told and read on tradingview that XMR is a bit to hot now, the rise was due to a weak BTC. But since BTC have a sideway trend whales don't touch XMD or closed their positions because they think BTC will continue to rise.

That would cause pressure for the alts and since XMR rose strongest in price the last days, the price drop will also be bigger.

To sum up: All depends on Bitcoin at the moment. The GUI could also push the price a bit, but not, if BTC will have a new rally. Moreover there is the big variable named AlphaBay. How long this market will make it?

What are your thougts, at which price we will see XMR in 2 weeks? Since BTC recovered from 682 I think we will see xmr below 100.