Posted On: 12/18/2015 9:44:35 AM
Post# of 364
Trading Summary - December 17.
One profit taker decided - ridiculously - to sell 8M+ at .0020 - probably from the .0017/.0018 range - he/she could easily have sold that amount in small chunks at .0024>.0026 over the preceding 3 days. A few others then panicked and sold in the .0021>.0020 range.
BMAK seized on the weakness and moved his ask down to .0021/.0022 with a bid at .0020. Other MMs joined BMAK at .0020 or outbid him at .0021.
During Power Hour, BMAK moved his ask up to .0025.
A few more profit takers stacked the ask at .0023 with 4M.
One profit taker decided - ridiculously - to sell 8M+ at .0020 - probably from the .0017/.0018 range - he/she could easily have sold that amount in small chunks at .0024>.0026 over the preceding 3 days. A few others then panicked and sold in the .0021>.0020 range.
BMAK seized on the weakness and moved his ask down to .0021/.0022 with a bid at .0020. Other MMs joined BMAK at .0020 or outbid him at .0021.
During Power Hour, BMAK moved his ask up to .0025.
A few more profit takers stacked the ask at .0023 with 4M.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
