I've been trading monero(XMR) for few days and I've noticed a pattern in trades(pump and dump)
I've noticed a pattern in Pump and Dump trend of XMR for 2 days.
Apart from regular short/long trading, prices start going down at about 3:00-3:30 and trend continues till 11:00-13:00 when it reaches minimum ~0.0126-ish and starts rising again.. Rise takes a while as lot of cheap coins are in circulation for quite some time but by 19:00-21:00 it reaches 0.014-ish. (all time ref. - IST[GMT+5.5])
My speculations may not apply correctly for future trades. This is based on my 2 days of trading experience.
If my speculations are correct price should drop to 0.014 or below within 8(+/-1) hours from now.
This is not a trading advice please study the market carefully before investing.
I've posted the same thing on bitcointalk- XMR speculation thread as well.
If my speculations are correct price should drop to 0.014 or below within 8(+/-1) hours from now.
Right now it's trading at little above 0.015 BTC and it should start to fall down in the next 2-3 hours, let's see if my prediction comes true..