XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.
It is easy to see a continued uptrend from here. Interesting point will be to see whether it goes over 0.010, which was the top of the previous wave.
(Do not mistake market comments with fundamental analysis.)
It is easy to see a continued uptrend from here. Interesting point will be to see whether it goes over 0.010, which was the top of the previous wave.
(Do not mistake market comments with fundamental analysis.)
Was just looking at the market depth on both Mintpal and Poloniex, the depth on the buy side looks DEEP. I think 50 BTC buys or so at around .003 or so on both exchanges (with the price at .0032-.0034).
The sell side is VERY thin. We do look poised for a (continued) move up, as long as there isn't a large dump.
https://www.mintpal.com/market/XMR/BTC#
https://www.poloniex.com/exchange/btc_xmr
The sell side is always thin.
When the price is going up it's interesting to watch the +0.000001 and +0.000011 (most likely) bots on Poloniex.
