Trading update - April 26. So far 41M whacked i
Post# of 1674
Posted On: 04/26/2016 1:33:02 PM
Trading update - April 26.
So far 41M whacked into the bid at .0006 by low-level profit takers.
That's OK because we get them out of the way sooner.
The last thing we want to see is a 200M wall at any particular level because a few people are trying to sell 50M all at once.
Notice how the .0006 bid keeps getting topped up but also how any undercut ask of 2M or less at .0007 gets taken eventually as people who realize that this is going to pennies eventually start to build their position.
So far 41M whacked into the bid at .0006 by low-level profit takers.
That's OK because we get them out of the way sooner.
The last thing we want to see is a 200M wall at any particular level because a few people are trying to sell 50M all at once.
Notice how the .0006 bid keeps getting topped up but also how any undercut ask of 2M or less at .0007 gets taken eventually as people who realize that this is going to pennies eventually start to build their position.
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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.