RE:Several signs that an impending upwards correction is...PRObully wrote: Imminent. Firstly, volume reduction... a sign of good consolidation/bottom is being set. Secondly, anonymous on the bid and hitting the ask... small for now. Thirdly, we are currently priced at cash value... that is that CRYP's market cap is equal to CRYP's current cash position... basically as low risk of an entrance as you can have in a microcap stock. Lastly, selling into bids has almost completely subsided. Shorts will be needing shares to cover with and aren't getting many down here anymore. Next phase of this cycle is upwards bounce. This will occur either a) when bulls stack the bid and start slapping the ask or b) when shorts no longer feel confident that they will be able to cover cheaper, they will start slapping the ask and then bulls will load the bid, and shorts will be on the first level of the bid as well. Once this occurs, I believe a quick pop to 0.10 will happen. If 0.10 doesn't get bought through with momentum, we will need to regroup around 0.08-0.085 where support will be built to eventually eat through .10 and create a good base at .10. Either way, I'm highly confident that an entrance in the 0.05-0.06 range is going to pay off massively in a short period of time. SP is determined through supply and demand metrics, and supply is drying up at these price levels while demand is no longer deminishing. Time to finish my 500,000 position. Good Luck to all.
I wish it could be that Simple....My question is ..Where is the Money ? "The check is in the mail" ?
"my mother never warned me"....I feel Violated !