Quote from: Lucacrebbe on October 05, 2017, 09:49:39 AM

Quote from: Spratan on October 05, 2017, 09:01:31 AM

Very interesting project and coin (and very happy to have hodl and never used my TME pair adresses)

Elix is traded only on coinexange, so you can watch the order book . THe dept of market indicated sell pressure, there are big sell walls.

I was trying to analize the situation, because when somenthing it's risky can also be remunerative, remember.

There has been a big pump and then a dump, and this make it look like a classic pump and dump scheme.... but if we go into the depth there was a misundertanding in coin supply , which has generated a panic sell.... how much this misunderstanding is real and not forced, I can't know

So the people start selling, and the crash stopped at the price of 0.20$ and now it's stable from two days.

In the order book the spread is high, there are so much people willing to sell at their price rate

Sell Orders
Total: 484729.90781007

Buy Orders
Total: 52.58273398 BTC

At the moment I am writing the the best sell is

price ELix Bitcoin
0.00004460 556.21015087 0.02480697

And the best buy order is

price Elix Bitcoin
0.00004289 1058.12341723 0.04538291

The spread is high

The price is moving in a trading range and here I have some analisis:

1) It's a low market cap, the wales are manipulating it to make it shorting and buy cheap, waiting for the team revealing themself or for other news

2) It's a pump a dump scheme, so there are some people that are trying to sell, but as seen that there is no buy demand for the price they want to sell, and the wales don't want to lose profits, the price keep on moving in a trend range situation

What do you think?

P.S. OBV in this tread there will be FUDers.

Well, I don't see any sell walls, only one buywall @ 3800. The panic sale happened as most investors became cautious that such a long stretch could come to an end since many dubious crypto figures started to hype it as well (even for the right reasons) Fomo was born and efforts were underway to start moving it down to get a
position on board while at the same time Nova released quite some TME that was converted to ELIX and brought to the exchange inmediately causing a high supply ready to get dumped. The CMC issue was really the trigger to start the trunk sale and providing opportunities for others to buy in. ELIX holded ground above 3k sat and went back hovering around 5k sat for some time now which shows it's resilience. There is a ranking circulating of bagholders of which a majority participates on the discord and those are all planning to hold based on a firm believe in the
purpose of ELIX. The high buy demand sits in 3 blocks but on the sell orders there is no block preventing a steady rise. The massive reaction of 2 days ago has left some impact which needs to rest first before it moves up again. This is not a typical pnd but just a quite normal market reaction. High volatility is common practice on each coin getting from conception to maturity so your analyses is a bit shortsighted if you just ignore the sentiment on the market and investors behavior with regards to their riskanalyses