Smoke Market Analysis - Is There Some Large Whale SMOKE accumulation going on, or is this just a fluke? lol πŸ˜‚? πŸ‹ SMOKE UP Enormously!

2 months ago

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https://market.rudex.org/#/market/RUDEX.SMOKE_BTS

And the Ranged Bound Accumulation Continues!!

Is this the beginning of #SMOKE Whale season?? Looks like steady accumulation has finally burst to the upside with some big green candle volume action starting to take shape! Could this be the bottom, or just the eye of the storm???😱??? It's sure nice to see buyers stepping in for a change, & sellers exhausted! Hopefully price spiking will cause "moar" "FOMO"!😱
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Recent downtrend broken??

This concludes our recent downtrend! It has been violated to the upside!
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Old Resistance becomes New Support!!

It is not a big surprise where we ran into trouble. This area had acted as previous support, and is just below the last area we bounced down off the resistant trendline.

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Books are stacked with buys, not sells!

Order books are heavily stacked on the buy side, so what's my takeaway here? I think we see a push up and feel out the new resistance, and then bounce right back down to our new support. Until we see a little bit more follow through I won't know for sure if this was caused by a single event today or a larger short squeeze trend. As long as the new support keeps supporting we should keep going up, Up in SMOKE that is!

Price Update 09/08/19

Yes, it is still going!
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Β  Β· Β 2 months ago

There's still some known dump accounts powering down. But the great thing is that most active smoke members realize we are a specific niche, with known (legal) hurdles and thus things may take a while before we trigger critical level and thus scarcity/complexity combo.

Yes, some are still in the habit of collecting multiple tokens for the same "creation" and that may mid- to long-term annoy investors. The good thing there is that right now we haven't reached sufficient scale yet for true visibility with investors.

Or with traders, which prevents us from being taken multiple times through a pump dump rollercoaster due to limited liquidity. Which could hurt confidence of regulars.

Things gonna take a while longer but growth is happening. As long as we focus on attracting new users (from outside crypto world, from the canna scene) we will eventually get there.

's All good, man.

Β  Β· Β 2 months ago

Yes. I am certainly happy that I have never ever sold a single Smoke. I’m going to accumulate now. Smoke will soon be over $10. Buy buy buy. Lambo soon bro.

Woot woot..

Β  Β· Β 2 months ago

Wouldn't take much buying to push the lowest sell order to 1 BTS