Early Trading - June 27. Opened on a reduced as
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Posted On: 06/27/2017 11:25:56 AM
Early Trading - June 27.
Opened on a reduced ask at .0006 which was quickly bought out until only 2 x mickey mouse hold back attempt amounts were left from 2 x MMs.
At that point, anyone wanting a medium sized amount (5M > 10M) should have set a buy order with a limit at 0007 and the MMs would probably have moved up.
They didn't, so the odd low level flippers added some more on the ask at .0006 until there was 10M there. Remember that indecisive sellers had cancelled about 30M from the initial uptick to .0006 on Friday.
Then, a few who are just treating $DIGX as a flip panicked and selfishly decided to whack the large .0005 bid for 10M then some 3 x smaller amounts totally another 8.7M. There was no significant undercut ask created at .0005 and - with a strong 42M bid from longs who are preventing the flippers getting .0003s - the small undercut ask at .0005 was cancelled.
Longs bidding .0005s got all of them - I got 8M - which is why none have been added to the ask at .0006 which remains at 10M.
Now 42M .0004 x 10M .0006.
31M traded so far today - 13M at .0006 and 18M in bid pick-ups at .0005.
Opened on a reduced ask at .0006 which was quickly bought out until only 2 x mickey mouse hold back attempt amounts were left from 2 x MMs.
At that point, anyone wanting a medium sized amount (5M > 10M) should have set a buy order with a limit at 0007 and the MMs would probably have moved up.
They didn't, so the odd low level flippers added some more on the ask at .0006 until there was 10M there. Remember that indecisive sellers had cancelled about 30M from the initial uptick to .0006 on Friday.
Then, a few who are just treating $DIGX as a flip panicked and selfishly decided to whack the large .0005 bid for 10M then some 3 x smaller amounts totally another 8.7M. There was no significant undercut ask created at .0005 and - with a strong 42M bid from longs who are preventing the flippers getting .0003s - the small undercut ask at .0005 was cancelled.
Longs bidding .0005s got all of them - I got 8M - which is why none have been added to the ask at .0006 which remains at 10M.
Now 42M .0004 x 10M .0006.
31M traded so far today - 13M at .0006 and 18M in bid pick-ups at .0005.
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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.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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