All I'll say is we've had excellent volume on this rise up to 19k. It's been mighty quick, and at some points "pumpy"-looking, but after having such awesome consolidation all week, which helped to wean out the weak BC holders, this is the natural result.
Due to the high-volume peak we just had leading up to 19k, an eventual re-test of 19k looks likely and who knows from there.
We are also starting to see panic-buying and obviously many daytraders are now adding much-needed liquidity.
Overall for us longer-term-thinking folks this is all good action to see, and quite entertaining. Grab the popcorn!
JL
Alright things are becoming more clear now. More Consolidation before more rise...
We now have a somewhat high volume marker at 15k to hit as well as the previous 19k high-volume marker from early this morning.
And I'm curious if Soepkip or the dev's have any graphs or data that charts the multipool growth in sha and/or scrypt over the past 3 weeks?
JL
We had our successful re-test of 15k, we could either continue some re-tests of the 15k area however we will see 19k soon again.
JL
And now that we just got our 19k re-test (15 minutes ago) we could either enter another consolidation pattern between 15k-19k or just jump over 19k altogether here within a couple hours. There is little sell volume besides little odd one-off sellers here and there, and for good reason - what better alternative is there than BlackCoin?!
Overall this was a hugely bullish day for BlackCoin; we jumped above 9k on steady buying (which turned into ridiculous panic-buying) and then settled at a higher consolidation zone. The icing on the cake is that BTC today went sideways, hence BlackCoin gained massive value against BTC today and is now consolidating (resting) for the next move up.
I have not seen this kind of consistent bullish activity from any other cryptocurrency, besides BTC in it's early years. Every single other crypto ('shit-coin') has had a day or two of pump followed by a symmetrically corresponding day or two of dump, followed by a long period of slow dying off and near-zero volume.
We're not seeing that here and it's because BlackCoin has a perfect match of no more available coins (besides the 1% interest) and a crypto-cannibalistic multipool (created by amazing developers) hell-bent on soaking up all the value from every other crypto out there (BTC included) and plowing it back into BlackCoin's price.
JL
