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tiger_rag
Nov 13, 2016 12:21 AM

Levels for buying Short

Monero / BitcoinPoloniex

Description

In my humble opinion price will go down.

Comment

for now everything goes by plan

Trade closed: target reached

Comments
Sebastiaan-
Thanks, I had/have more or less the same expectation.

The slightly lower double top seems in now, so I expect a retest of 0.0095 soon. In my mind the scenario after will depend a lot on what the King will do the coming days. If it continues the rally/keeps above 5k cny, 95 will not hold and it will seek to test the lower resistances. Potentially even the 60's again, that will need some incentive from btc there (5.4k+).

This scenario reminds me a lot of the early 2015 rally monero had (this was to 0.0045 back then). The bounce double topped, and xmr was in a bear-hibernation for half a year. With the big rally so fresh in everyone's mind, people tend to be over optimistic. In seems to be a central-theme in crypto almost. Interesting times ahead. GL trading
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