The Ask could have been stronger which suggests buyers were not convinced a price increase will hold but neither was the Bid side ready to bail and push the price lower. A late day rally closed the Bid/Ask gap and pushed the price over 73K. Early morning buyers will have profited before it closed down at 68K.
Traders should be aware that a fairly large gap opened between the Bittrex and Cryptopia Sell/Buy prices. As Cryptopia has a very small percentage of the PIVX volume there were few traders watching and able to react quickly to the rapid price increase we saw this afternoon on Bittrex. Early on the lag was several thousand Sat. CAT level traders may want to watch for this tradable event.
The advice provided here is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation, and needs. Where quoted, past performance is not indicative of future performance.PIVX disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice herein. The user must accept sole responsibility associated with the use of the material here, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.
