Just throwing this out there because I'm just trying to understand how our new best friend(s) are planning to turn a big profit on their new aquisition. We're talking like what, 100BTC+ invested and >20 tons of UNO now (need to add Cryptopia buys in a well which were also significant, including some of the alt pairs)? No way to sell that off in profit down here if you ask me.
So what next? The last bunch of "investors" ended up dumping tons of UNO at loss. Whoever is buying now is surely better prepared. I hope?!
Lets play through 3 quick scenarios:
1. Worst caseAccumulation was largely done in 001-002 zone in stealth mode. The recent markup was mostly buying up their own coins. Anything above 003 is profit, prepare for months of selloff with occasional spikes to keep price up. Boring and barely profitable as UNO market volume quickly dries up to almost nothing without price action. Would u invest 100BTC to do that? You could probably just put those BTC on lending at Polo and be just as profitable...
2. Most probable caseThis was the "grabbing a hold of the market" move of a typical pump. So we're in wave 1 or a testpump, retracement and first little shakeout for late buyers maybe. Expect most probably two more waves and a few sharp turns and unpredictable moves along the way. Targets are the usual past resistance levels and possibly that last Bittrex ATH at .03 - you know the drill.
3. Best caseUNO is an old coin and has lots of market memory, people know price levels and trade it by instinct. Hard to suprise anyone and old wallets will start to move and sell on you above .015. UNO has been trading the .002 to .03 range for years now. It is a routine - buy below .005, sell above .015. Kinda like DASH did in the .006 to .025 zone for 2+ years (although their chart was admittedly more bullish). Move UNO up and out of that zone, let it discover a new price and it could go 10x past its previous ATH! Supply is small and resistance is thin up there. Need super deep pockets for that but potential profit for the "investors" would be tremendous in this case.
Disclaimer: let's do this!