GREY:CVHIF - Post by User
Comment by
ChaseYourDreamon Nov 28, 2016 9:59am
125 Views
Post# 25521110
RE:Holding Pattern
RE:Holding PatternFirst Skirmish, strongly bullish! Demand moved into the ask, and
the ask at .12 is miniscle! Whether the askers are waiting at higher SP, or everyone has the same read and this is only going up (so why would anyone sell at all?), if the bidders get hungry, this could moive up very sharply:
Bid Size
16000
Bid
0.115
Ask
0.12
Ask Size
60500
Last
0.12
ChaseYourDream wrote: Still 2:1 ratio on merged bidding volumes, but total volumes half that of last week
Massive imbalance on the low side of the spread. Ask at .12 sure to be bigger, buit how much bigger?
Wheh trading volumes decline that usually exposes the SP to erosion, but we have seen that the resilience of a genuine demand on the bid side has persisted at every price point over the last 2 weeks, so the shorter's perennial cry may not be fulfilled.
Bid Size
241000
Bid
0.11
Ask
0.115
Ask Size
11500
Last
0.11
BID | Orders | Volume | Price Range | | 54 | 994,500 | 0.09000-0.11000 | | ASK | Price Range | Volume | Orders | | 0.11500-0.13500 | 496,500 | 27 | |
GLTAL CYD
Bid Size
241000
Bid
0.11
Ask
0.115
Ask Size
11500
Last
0.11
Bid Size
16000
Bid
0.115
Ask
0.12
Ask Size
60500
Last
0.12