Trading summary - December 17. 24M bought on as
Post# of 161
Posted On: 12/17/2015 4:56:24 PM
Trading summary - December 17.
24M bought on ask at .0004 including hits for 10M and 5M.
Sat for a few hours with about 70M on bid at .0003 and 40M on ask at .0004.
Another 74M changed hands at .0003 either by bid pick up or hitting an undercut ask. Once the initial 70M bid counted down, any other bid put up at .0003 was taken quickly as was and undercut ask - 10M instantly on one occasion.
The ask at .0004 was not increased much.
Many are still holding for higher. I would probably not re-enter at .0003 until I have seen another 200M change hands at .0003 (everyone who could take a profit or get out even if they wanted to) or I might enter at .0004 if I saw the ask coundown rapidly with big hits, not get topped up, and a large bid appear at .0003.
The action yesterday was exceptional and easy to spot - better to wait for that strength again in my view.
24M bought on ask at .0004 including hits for 10M and 5M.
Sat for a few hours with about 70M on bid at .0003 and 40M on ask at .0004.
Another 74M changed hands at .0003 either by bid pick up or hitting an undercut ask. Once the initial 70M bid counted down, any other bid put up at .0003 was taken quickly as was and undercut ask - 10M instantly on one occasion.
The ask at .0004 was not increased much.
Many are still holding for higher. I would probably not re-enter at .0003 until I have seen another 200M change hands at .0003 (everyone who could take a profit or get out even if they wanted to) or I might enter at .0004 if I saw the ask coundown rapidly with big hits, not get topped up, and a large bid appear at .0003.
The action yesterday was exceptional and easy to spot - better to wait for that strength again in my view.
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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.