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QBT is both pro and anti BTC movement because it's for cheaper mining meant to save life to mines at low market. And when BTC is up, it's picking up same trend too. Let's hope for the best here.
In the meantime look at the BTC
Perhaps to be as much balanced with same time natural sales as possible to create the least SP growth and but at the lowest regardless targeted volume gets covered anyway - background buying activity can be a good indicator indeed but not a financial advice
What if the BOD would see a reason for the drop and there would nor be any situation like "no harm to the sale of assets deal" to announce?
It's great how qbt holds the level
Yet to mention BTC is weak around today and ppl still distracted with season's greetings - QBT performs very strong and remains very promising and stable
Kindly consider that in all the surrounding circumstances it would be a bit strange for JS to sell for the current SP, although there must be some reason he has got these recent shares
For how long?
It still looks like a certain correction of the yesterday price and the next step could well be somewhat around 3.4 breaking resistance of 3.2 levels
It's very likely to be back to 4ish levels soon as JS would most probably feel reluctant to realise his newly assigned shares at less than double... very much imho, good luck to all
With all the mess lasting already for weeks around btc, this qbt is holding its around 3p position pretty well
It's holding the level very very well taking the background btc price depression
BTC may well be back to 62k fast soon and then take another test before new leg is coming. Let's watch. Although good is that as far as BTC is at least maintaining a large side channel fluctuations and not disappearing into a completely lost story, QBT has its own strong points to come - R&D, patents and that famous court. All promising to maintain and grow the level. Good luck to all.
Look at the correlation buys sells and if need to sell why not selling at the next hot news? Nice weekend to all x
Then you're a good holder for QBT
Very clear that many have derisked/ derisking welcoming the court outcome influence on the SP. Fair enough. Still the number of buys is outperforming greatly the number of sales at the dropping price - guess what happens next. Good luck.
Not to discard the pressure of the day 10 November with yet unknown news on the court issue. Objectively 2022 is all financed but sentimentality the market still remembers a huge drop after the court was a drop. In general it seems like a healthy situation around. IMHO.
Lookup the analysis put on Twitter for that
Look at volume sold / bought - first it seemed only sells today but look how it's getting adjusted suggesting we'll same hands are selling buying, ie enlarging the holding by intraday trade
Another good explanation is that with such a tiny map the one more or less big interested in at least several M shares could buyout a certain quantity to sell out and pick up on a slide down. There have been no speed ticket, no news - obvious that something is coming otherwise they would at least make a speed ticket after first 30-50% growth...