Can someone explain the large Bid Ask imbalance - I mean it is easy to see but with so many bids (support?) right below the price and so few sells above the current price, shouldn't we be going up?
I've noticed it slowly had been building the last 2 or 3 days (as we went down.)
IAS
I've noticed it slowly had been building the last 2 or 3 days (as we went down.)
IAS
Bids are piling up, but price is slowly goes down, which means that more bids are sold into that asks bought. What buyers are doing is slowly moving their bids lower and lower while sellers sell.
There's no rush to buy.
There's no telling when the buying panic will start but it's getting nicely coiled up.
I think people will buy when they think it's cheap.
No they will buy when they think they will have no more chance at buying cheaper.
Both and more. They'll buy when they think it's the time to buy, for whatever reason/motive that drives them.