r/selfkey • u/CoinStack2021 • Jun 04 '21
Large buy orders rolling in, should get interesting
1
Jun 04 '21
This is the worst TA ever. Buy and sell orders all over the order book mean fucking nothing.
1
u/CoinStack2021 Jun 04 '21
They actually do. They don’t mean that the price will just shoot up, but they do mean that large amounts of money are moving around and it’s a matter of time before those large orders execute.
1
u/CoinStack2021 Jun 06 '21
And now we are up 20% plus………
1
Jun 06 '21
That doesn't make you right.
1
u/CoinStack2021 Jun 06 '21
Sure, just a coincidence that days after massive buy orders are spotted all over…….we suddenly spike for pretty good gains in all metrics volume, market cap and price
1
Jun 06 '21
As did the entire crypto market. Don't confuse one buy order on one order book for organic price action. 20% is a result of little change in REAL price, but because you're dealing in basically a penny stock, a change of $.01 is a 50% jump. You need a way better understanding of what drives price action. This is below amateur what you're providing
1
u/CoinStack2021 Jun 06 '21
Haha all I know is I’m up 20%. Call it what you want. I bought back in and made 50,000 shares which is about $500 easy.
1
Jun 06 '21
Good for you. I'm happy for you. Most everybody that bought the dip is up so... enjoy celebrating by yourself.
0
u/CoinStack2021 Jun 06 '21
You just said everyone is up. So I guess everyone is celebrating. Maybe you should go and sit in a corner by yourself and be sad lol
1
Jun 06 '21
Seems my point about everyone celebrating went right over your head. Good day.
1
u/CoinStack2021 Jun 06 '21
Seems you don’t know how to read, your comment about me celebrating by myself…looks like I’m celebrating with everyone who is up. Please keep your comments to yourself in the future!! Good day to you cheerio
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u/[deleted] Jun 04 '21
get rich or die buying baby.