Quote from: uki on September 12, 2014, 10:12:06 AM

Quote from: brookefinancial on September 12, 2014, 02:50:31 AM

Like I said, the analysis may not totally apply there because the trading activity is young and we did not see a rise like HAL. However, dont forget a lot of coins were sold at 9K I think, in the ICO. Not sure about the price though.

I like XBOT, not trying to FUD, I posted the chart 2 days ago when I sold at 28K, just wanted to warn people. Now its 16K. Hope its the bottom.

thanks, for bringing back this topic. very good call, btw. I am also a trader, with not much experience in crypto, thus my question about application of TA in this area.
Yet it seems most of the coins follow the same scheme in the very early days of adoption. Quick top (or double top (lower high pattern), as we had for XBoT: first 36k, than 35k) and then deep correction and accumulation phase. Now, the question which TA may help, how long the accumulation phase will last? We have solid product already and some interesting news ahead of us, yet many want to get their sub 16k-18k coins.

This isn't looking like accumulation - it's looking like a dump that's being spread out over time, in bits and pieces, to slow down the spread of any panic until the end of the whale exit(s?) complete. Just looking at the chart, I'd conclude this was just another scam, if the devs hadn't been so professional and capable and the functionality pretty good and well demonstrated, and the launch seemed to be as smooth as they come, so what gives? I seriously considered the coin, but the chart just isn't looking very good... What's the deal here? POD might've helped.