Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
cAPSLOCK
on 27/12/2021, 16:23:39 UTC
Well, not for nothing but we caught a Golden Cross today guys. Smiley

ADDED:

You TA guys wanna explain to me what this mean on low volume?

All I can find is something that says there is a buying attempt without available assets to fill.

I am definitely NOT a T/A guy.  But I do have some unqualified thoughts.  Smiley

We do not have the sort of volume that is going to escape the noise of manipulation and whales splashing around.  That said one reason the golden/death cross is considered valuable is that it happens based on two fairly slow moving averages which will smooth out some of the noise/variance.

I am having some problems seeing what pair and scale where this is the case...  1d?  xmr/usd?

https://www.binance.com/en/trade/XMR_BTC

1day

I must be missing something... here is the 200/50MA pair on the daily: