RE: IG now 5p spread6 Jan 2021 12:20
Spread appeared just after 11am uk time.
Well could you have written it ? Yes pretty much.
Clear process of the market to allow for a large amount of shares to transfer between 2 seperate markets. They are not filling orders for free so any sellers at 75p will be sold above 80p ( whatever that converts to in US$ ) at the times of trades.
I would hazard a guess of US$1.05 - 1.10 on open. This will promote the recent rise and I suspect US$1.20+ within the first 10 mins. From there it will be down to how many sellers there are in the UK and now a small amount of traders topslicing in the US as week and day traders take their cuts. The rise will continue.
I would like to see 90p+ UK close ready for another late evening buying splurge to US close as the lack of shares after LSE closes starts to pull up the sp in US dollars.
Once the US markets are around an hour before close, the path to purchase today will probably be too high for some in the US, so those orders will be placed again overnight from the US market requested to the LSE and off we go again in the UK same as the last few days.
Plateauing will indicate this bull phase is pause to review , with a further rise in the lead up to 20-24th when again human nature will see investors piling in ready for the news of increased mining rates by Argo & extra BTC mined as the growth continues , cash builds up by the month and BTC itself increase as they gently suggest. Always a pinch of salt with predictions on any City analysis as its normally wrong, so DYOR at the much higher levels in Feb.
So for 4 weeks let the UK / US games continue.
Both markets will try and spook out the weak holders with a wild drop or two just to see if you are a serious holder.
If it drops a lot in mid session , I'd be thinking of a top up if that is your thing, but I bought at a low-ish price and well sell at a high price.
Playing out as expected for a share opening a new market platform. Keep the share float tight and keep the lid on the cooking pot, let that pressure really build between both markets and don't just give them away.
As for crypto, I am new as previously posted, but I know a good opportunity when I see there are shortages of shares in any company when making profit. The results are usually the same up to a point, then the Directors have to earn their money and not take a wrong step.
Supply = LOW.
Demand = VERY HIGH
= Perfect timing.