Spread in Depth Changed again....The evidence was lost in the post Sh trashed, when I was indicating was imminent (and it started as I tried to post it)
But the Spread min depth at open was much as yesterday, about 4:3 ration with close to 2 milion on the bid
Then as the attack began 30-40 mins ago, the merged depth showed a dwindling bid volume (because it was all being bought that very moment!) and
almost 3 MILLION in the ask, which had been maybe 1.4-1.6m when I observed the early potato tossing.THEN the Bid at .115 had still been much much larger than the ask at .12
So when the Ask grew to match the bid, mostly going directly into the Bid stack itself, we saw the 3 million Ask reduced by over 1 million in volume actually traded, and now we see this.
That's almost Love-Love, but the asks have the serve.
At 14:59
BID | Orders | Volume | Price Range | | 58 | 1,352,000 | 0.09500-0.11500 | | ASK | Price Range | Volume | Orders | | 0.11500-0.13500 | 1,672,500 | 43 | |
And at the spread the ask holds the strongs, but knows the bid at .11 remains at least as big, and is likely growing.
My "2nd Opinion" request has to do with how 5-6 houses executed this strategy all at once... as if coordinated in advance! (Attack begins at 2:35)
Bid Size
26500
Bid
0.115
Ask
0.12
Ask Size
475500
Last
0.115