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Riijkard

3,513 Posts.

26/09/18

12:32

Post #: 35852213
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Originally posted by packyourbags ↑

The trading is certainly a bit strange at the moment and there is often a gap between the bid and offer. Yesterday morning it looked poised to breakout with early bids at 2c, and the larger offer at 2.1c pulled. It then sat there all day with nobody willing to sell into the 2.0c, or to gap up to the 45k on offer at 2.1c... only for the 2.0c get to smashed by a massive seller late in the afternoon. Personally, I was expecting a closing auction cap down to 1.9c, which would have said manipulation to me, but it never eventuated. Normally you would expect a genuIne large seller to feed slowly into the 2.0 but instead we got a big dump. Maybe just someone inexperienced with deep pockets?

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Yeah I'd say a bloke that needs the money , knowing the experienced traders they'll try and see how desperate he is unless of course BTC bounces soon .

OOK Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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