Monero XMR flush toilet time

POLONIEX:XMRBTC   Monero / Bitcoin
@fontase on twitter is not me. Is imposter. My lawyer will contact him.

Short term buy euphoria is likely over now.

1. Volume decrease to 1/3 of mid-trend
2. Uptrend-line broken to downside (see in zoom-chart)
3. Indicator RSI bearish divergence, same with other oscillators like Fisher, MACD , ROC , SRSI, CCI
In essence the trend is slowing down or stopping.

4. We went up 1000% in a month. Obviously this is going to crash like a bitch.

Stop loss at 0.0263 (all time high). Targets 20% close each at 0.013, 0.0115, 0.0101, 0.00933, 0.00755. Will probably be a quick deep crash, then correction up, then a long drawn out bear market.
Trade active: Short XMR until bottoming signs are in. Will probably be a W-bottom with high volume or a V bottom with a smaller slow dump after - Similar to previous bottoms. Once this happens I will enter long term XMR long position. After reading the whitepaper this coin is superior to BTC in many aspects - exp emission curve, 1% inflation, mining decentralization, cryptonight CPU hash, auto-anonymity, block time, block diff target, block size incentives, ring keys. However 0 payment processors, no infrastructure and limited utility only in darknetmarkets thus far. Just like BTC in 2010
Comment: Continuation of trade. current price 0.014099. Perfect thus far
Comment: Current price 0.01229. 2 of 5 targets reached, 40% of positions closed deep in profit thus far
Trade closed: target reached: Current price 0.01317. I close all short positions. Conditions no longer perfect. Cumulative volume dump signals the the dump is losing steam. Lower targets are still possible so I don't enter a long yet. RESULT - Given entry at 0.02021 and exits at 0.013, 0.0115, 0.01317, theoretical 57.4% profit on this trade. However, with slippage and fees for my large trade size, actual profit only 51.02%.
Trade closed: target reached:
Trade closed: target reached: Thx for watching me flush the toilet on XMR for 51.02% in realtime
Comment: Update, Increased size of cold storage long position to 4% of total crypto holding. This position I plan to hold for 5+ years.
Agreed Mr. Fontas. Highly likely it topped (for now).
IvanLabrie PRO IvanLabrie
"Obviously this is going to crash like a bitch." Seems like this was correct ;)
I think this was a whale dumping for BTC, demand is just picking up for XMR and supply on Polo is falling, buy orders also near all time highs.
Seems perfect, Thanks
thanks bro!
I dont see it going as deep as you charted here, but Im looking for somewhere around .015 - .0165 with my short...

Very reasonable prediction. Thanks for sharing.
@fontase on twitter is not me. Is imposter. My lawyer will contact him.

What a crock!
Thanks Fontas for that great chart! Following you since half a year and you are just great!
short info: Payment processor on the way and in private beta.
Hi Fontas u r The Best. I wish i came across your ideas sunnier before bought BTC, Litecoin a Doge just after Dec 2013 bubble. I want buy some Monero but this time at a good bottom price. Is probably to sun to tell but what in your opinion could be very bottom price of this correction ? Please keep us updated when you will be entering long position on Monero. Keep up the good work
are you still short?
Fontas bagofXMR
closed. 51.02% actual profit
Has he been temporarily banned from TradingView ?? :( I hope we will hear from him soon. Where else he publish his ideas in case he can not communicate here ??
Thanks for sharing. )) was a nice trade
Awesome Fontas, welcome back !

I saw in you portfolio you also trade stocks. And what is your thoughts about Forex ?
Would appreciate so much if you share your ideas.
Hey Fontas,
Do you think this xmr amazing 500% run was all pump and dump and we'll see a 100% retrace to previous levels at 0.001-0.003??
I personaly bought in to xmr in the 0.0059-0.0063 range.
Do you think a xmr correction upwards to the 1200k is possible? or even 1600k?
Well, you certainly have a bagofxmr now... :-))
bagofXMR Goldhead
@Goldhead, yep. and it is feeling good :D
@bagofXMR, For sure we have broken 0.01 now.
bagofXMR Prometheus777
@Prometheus777, yep, enjoying nice profits :D
2 out of 5 targets already reached
XMR bottomed
Hey wheres the HZ prediction that crashed hard after you said it would pump?;) why did you remove it
Monero cold stowage?
You are the boss.
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out