$DIGX - Summary of Recent Trading - Updated June 2
Post# of 4929
532M loaded since May 25.
295M loaded at .0003.
No significant amount of .0003s picked up since June 1 - 14 trading days ago.
230M loaded at .0004 - mostly on June 15 and June 16.
7M loaded at .0005 - mostly on June 21.
Almost nobody is willing to sell at .0004 now - as evidenced by only 11M being sold into the bid today..
Traders moved 61M of their whale bid up to .0004 (it had been 10M at close on June 20).
Closed at 56M bid at .0004 x 34M at .0005.
18M loaded today - 11M at .0004 and 7M at .0005.
Longs who loaded the .0003s and .0004s decisively have succeeded in keeping most of the one tick flippers out - as evidenced by the relatively small ask at .0005 today of 40M at peak (down from a peak of 68M on June 16 and 55M on June 20).
Being observant and keeping accurate records is what counts in trading in the OTC and in trading $DIGX in particular.
Daily volume and the actual closing price is irrelevant to future runs - knowing what volume was picked up at what price is far more important.
There is a buyer and a seller for every trade. So a trade at a particular price means someone currently has that amount of shares at that price. They are not $DIGX "bagholders" - they willingly bought at that price because they believe that they can make a profit in future.
Nobody cares about the float - $DIGX just ran 350% on the current share structure and the market will make it run again on any update.
As previously stated, nobody has bought $DIGX in 2016 or 2017 at a price that it shouldn't go past in future.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.