Good sign: Buy support is steady. Sell resistance is shrinking.
Good sign: Despite a higher volume of sells than buys, the price is unchanged. This means dumb money is panic selling (forfeiting the spread) into the buy orders of smart money. These orders are being replenished at a steady rate.
Good sign: All alts have slumped while Bitcoin does its thing as people move from alts to BTC in the event they need to trade BTC/Fiat.
Good sign: Volume is returning to alts.
Conclusion: Smart money is accumulating this coin and it will soon rally.
I think it's now much more complex than that because we got linked to two other currencies.
we are now encumbered by two other coins and changes in one mandate/force changes in another.
for example xdg on bittrex is ask: .0078999
On Allcrypt where they're linked Naut is about: 647 naut for 32 xdq (lowest ask)
therefore if 32 xdq is (32 * .0078999) = .25 BTC
and 32 xdq = 647 naut
and Naut 647 * .00030203 = .195 BTC
then why is there a difference in the value of the two even though they're being evenly traded?
so - you figure it out - there's money to be made somehow here trading one for the other - I'm not that bright....
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