For two years someone has been dropping insignificant sales to
Paint it up. Every attempt to float a rumor, apply paint at 01, to keep it propped up has failed.
The first couple of cycles the cult herd dived in deeper at 01-012, but no one wanted to bid it up on volume from there. Didn't matter whether the predictions were the PPS was going to 0.10, 0.50...$3 or some other dream price.
Each flip trade cycle from 005-01 the herd became more tapped out. More trapped above 01. More difficult for the traders to complete their flip trades.
The last one based on the KMAGinary Form 10 was interesting. Paint up to 01, and what did the herd do? It cheered from the sidelines, patting each other on the back. I suspect the ghost tweeters and friends really believed the KMAGinary Form 10 would push it up to 02 and beyond. A lot of paint was expended at 008 to 01 trying to prop up the PPS, and convince the herd to buy. Paint can become expensive.
The current situation, no one wants to bid 01. Not even 008 in volume. The paint is peeling. Just an occasional stink bid at 005 and less. Those who dived in at 01 or were in the paint crew at 008-01, not willing to take a huge loss. Thus, no volume Asks at the current price. Or no Asks, no Bids.
Everyone is waiting to see what the next rumor will do. My bets are on any paint bids being eaten up by those previously buys at 008<-->01. My tea leaves are predicting a new channel. Instead of the previous 005 <--> 01, it will become 003 <-->008. Along with less volume, than in the past.
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