the bots are taking us over, page-7

flamenco-
it's a bit of an assumption that a seller taking out say 3 levels of the bid will automatically bring in buyers.Such a move could also bring in more sellers especially in YTC's current TA position of being under the 60EMA.

Such position is a text book Sell Signal.

I've been watching the transactions today and Friday and IMHO we have an Accumulation going on.IMHO the sellers are Fat Prophet devotees who came in April 13 and brought on the New High only to get swamped by sellers and a Market Panic based on Commodity price 'correction'.

I reckon these Fat boys are now hitting their stops and they are being absorbed in a systematic manner by those who don't need to pay for recommendations.
Volume Friday and today is above average for the 12 days since the High but still the price has risen friday/today.

Also I think the Accumulator Bot has increased it's hit per minute into the 2/3000 range.All those say $2000 buys are surely not small time investors?No I reckon they're a Bot using over $500/time bites to 'hide' itself.

Anyhow the short term downtrend has halted,YTC has done a pivot [closed higher today than Friday],yes this morning Open was a bit 'exuberant',made a gap but YTC is 'settled down' now.
No recent buyers are in significant profit.Last month's buyers can consider Doubling Down or just Hanging In.Just need the eager sellers to exhaust themselves!

YTC is still issuing Drill Results.Unlike many others YTC can still surprise with News and all that's faced is Resistance at 65 cents.
If it crack this?
we could be High Flying again!!