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General Discussion / Re: Bitshares price discussion
« on: October 10, 2015, 10:26:26 pm »My analysis, for what it's worth...
Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance
the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues.
If people pulled their coins out of the exchange wouldn't this mean lack of supply shooting price up?