Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - Cryptopia
Lessening volume in any market is a sign of consolidation reaching its latter stages. Trading slows down to a slow trickle. This does NOT necessarily mean anything bad. In fact, in stocks, it often means sellers are content to hold while buyers have not yet seen anything to spur them into action.
Once this period of stasis has been reached, a small increase in buying can serve as a catalyst to spark a rally.
The lack of volume after a definite move in one direction (in this case, a down leg after the big spike in price) often means a pending reversal. Chart readers know this and have for centuries. Often, double and triple bottoms form and on the last dip the volume dries up considerably before it turns back up.
an interesting observation you have made, thank you!
I'm completely agree with you on Signatum's future. Yes, we do not know for sure when there will be a pump and till what figures in would jump, but I'm quite confident it would be. Look, what we have :
1. active Development team, they have a whitepaper and they strictly follow it ( at least try to follow)
2. new, young coin with a new algo : that is something, already! right? For a long time we have a coin with some differences at least from other coins
3. if we look for some other coins,take graphs, for example for veltor, chaincoin, DGB, XVG - you may see that before pump, there is always a dump. always.
so what are mine actions would be : I will hold previous coins I bough 1400 satochi, then I will try to mine SIGT if the diff falls below 4k
and I will sell SIGNATUM once it hit 5$ for the coin.
yeap, that the plan!