Shambua its not easy to tell what is what but you have to look really at the reward for effort, if a lot of volume pushes through and the price doesn't move much or u get a narrow bar, then there has to be selling occurring. The SM like to hide it and make people think all is good. Remember they have to have a market to sell to and can only do this if they can suck the herd in and make them think they are going to miss out on higher prices.
I think in CCC's case atm we could be seeing a markup phase trying to generate lots of buying interest, personally for me it needs to get above 81c and backtest it for me to even contemplate an entry. Top of the channel would be 92c that would be nice and then see it drop back and test 81c from there would be a nice entry.
The worm could be turning though. Definitely a good change in behavior i'm sure everyone will agree.
Like musashi said "need to let the smoke clear a bit"
Cheers
CCC Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held
