Ya read my mind.
Like a minute ago, some guy had been camped out for about 15 minutes bidding to buy 9300 at $2.95. His was the big obvious on the board. Trading depths can be seen by trading desks so they can see how deep it is while us poor slobs in retail can not. So the guy is camped at $2.95 and price dances around a while and guess what? Bingo. 1500 of the bid gets filled at 15:58:47 Only a pretty pathetic partial fill, though.
Like I pointed out earlier, this thing is not being dumped, The guy wanted 9300 and he only got 1500. Accumulating has its problems, LOL. But over time, the accumulators manage to build a nice position at pretty good average prices.
So, this thing is pretty predictable the last two days. If you want a nice price, wait till the end of the day and lay a bunch of modest sized orders in there at prices a penny apart and you will get filled before the end of the day..... well, partially filled, by folks who are bailing predictably at the end of the day because thats the game plan of a lot of day traders..... be out overnight, so its a lot like a tick tock clock. Its a pretty sure bet there will be day trades bailing right on schedule at EOD. The pro's are counting on getting cheap shares at EOD.
One of these days pretty soon, waiting to scalp some at the EOD is going to fail & they will have to buy up into a run up at the EOD. Like maybe on a Friday, when players want to be in a position to leverage anticipated volatility in the crypto markets over a weekend.... or not. :o)
At some point, scalping like that becomes nothing more than a crap shoot. Me, I buy the volume candles and so on. Less unknowns in my plan, thats for sure,
IW
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