Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Your XMR chart above shows a completed pump and dump bubble burst in action from late March to early April.....Lots of volume going up and then it dries out and the sellers get the hell out without any kind of buyers there to cushion the fall....
...immediately dropped back initial support and then eventually to those first price levels because it had no actual long-term accumulation taking place in it.
...immediately dropped back initial support and then eventually to those first price levels because it had no actual long-term accumulation taking place in it.
+1
The XMR market is characterised throughout by "Grand Ole Duke of York" rallies like this one which are always lead and capitalised on by some whale holder. For that reason, any T/A in that market is not much use other than to observe where "The Duke"'s leading it next.
The most consistent observation I've made is that it works in reverse to the order book. i.e., if there are humungous buy walls present then expect it to fall and if there are massive sell walls then expect a rise.
Market buoyancy = lead baloon.
