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Monday, May 22, 2017 1:27:37 PM
CDEL has backed off the ask with their 166K sell order at .074 from earlier. CDEL is now at .079 with 50K ask.
Several times today I've noticed a bid flashed at .072 for less than a second. It was literally a flash.
MM's are working it, sending signals, etc.
When I placed a real order, backed by real funds, L2 shifted immediately.
My point is, despite low volume, there seems to be a lot of posturing and positioning behind the scenes, which really suggests strong interest. Thus no large blocks being dumped and the ask largely staying in the neutral zone to avoid conflicts of interest by various retail postured positions and other market makers positions.
Some call this the calm before the storm. We've reached an "epic" standstill and something's gotta give. My belief is the trend will take us higher.
Go AMFE
Rec
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