The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline....
The price of ICN is on a knife edge that is getting sharper every day. When we finally get to a place ...Polo... where traders are willing to spend 250+ BTC in volume on this coin, the price will explode.
Isn't it also because the sell orders have decreased?
I hope I haven't wrote too big of a nonsense...
Sell orders have decreased because weak hands have folded and left the game. The "mountain" is eroding towards the right (higher prices) over time. It is not avalanching to the left (lower prices) because there is a solid cliff of buy orders soaking up whatever the weak hands will sell them. That buy wall has been rock solid for over a week.
ICN prices have been a slow motion game of whales shaking out weak hands for the past 6 weeks - especially in the last week or two.
This can't last forever - eventually whales will POUNCE.
Quote
Sell orders have decreased because weak hands have folded and left the game.
true. But whom did those weak hands sold their ICN? Not to buy orders on the way to 0.0008BTC?