ilmscore | Prediction Details
"so what happened probably some shorts got heavy on this thinking well BTC is coming down and does this even have news no and then for all we know it could be you know a one big Trader as this broke through vwap said you know what I I got to get out and covered you know a 200,000 share order and it goes right into a halt and a couple more people stop out and it's halted up you know it can just be like the straw that breaks the camel's back and suddenly it's halted up and now all of a sudden there's fear for shorts and the sentiment changes now the volume here is also actually kind of interesting um because you've got higher which C which time frame was that oh that was the 10 second okay so let me look at the one minute here so on the one minute see here's yeah this is kind of interesting um so this is pretty high volume into that halt up that was the highest volume of the day the 5- minute candle uh had higher volume but this didn't trade as long on the 5-minute chart that's kind of the problem because these were full 5minute candles whereas these candles um trading trading stopped because it it was paused for the halt so right now you're showing a resumption of well if you're on a commission free broker you have no idea you don't even know where to put your orders that's why it's so important to see the resumption price 860 we're showing an 860 resumption right now 709 halt now 850 resumption price is coming down a little bit likely there's some traders who are like okay it just halted twice in a row going up I'm going to if I'm still short I'm going to add to the position so so let's see what the the cost of shares is searching searching so it's not expensive to borrow which also probably fuels a little bit of a short squeeze because shorts didn't have to pay much money to borrow so it's two cents a share to borrow so 10,000 shares will cost 200 bucks all right so borrow 10,000 shares and then what some people would do is while this is halted they would put start putting out their sale orders they'd say well you know whether you're long or short doesn't matter but you would say all right I want to I want to I don't know maybe someone would say I'm going to buy this at 8850 I'll put a limit order to buy at 850 because I need to get out I'm short and I need to cover this thing right away or someone else will say I'm going to put a sell order at 850 because maybe that's you know they look at Daily resistance or something something right so now what's happening while it's halted is there's kind of a live auction where people are placing orders and and the market is paused so nobody can execute those orders but those orders are all going into a queue and now the market is showing you what the current imbalance is Now it could be resuming flat it halted at 709 it could resume at 709 but it's not there are more people that are trying to buy this even at these higher prices even after the second halt then are trying to sell it so the imbalance is to the buy side and it's up nearly a dollar over a dollar a share so we halted at 10 um the last print was at 10:08 and 17 seconds so if this was going to be a 5 minute halt it would have already resumed so it didn't resume at 5 minutes which means it's a 10-minute long halt sometimes what we see are shorts put out big big buy orders to create a huge resumption to try to create a longer halt to slow down momentum and to give them time to borrow more shares and to reposition so as the and then once it becomes a 10-minute long halt they'll pull those orders and the price starts to come back down so now we're seeing it's at 808 right so the price is kind of working its way back down um 806 802 $8 and as you see it coming back down there's a little bit of a shift in sentiment right you might be thinking oh shoot I wanted to short this off of 850 now I don't know if it's going to go to 850 I'll cancel that sale order I'll put my new one at 825 and someone else who's maybe trying to sell for profit is thinking oh I was going to sell it 820 but now maybe I'll sell it well8 maybe should put my order at$ 790 just to be safe and so in real time people are canceling orders they're moving their orders and they're adjusting to what the market is telling them but this shows you how if you're trading with a commission free broker and you don't have this data you're trading with your eyes closed in a sense at least when it comes to stocks are halted this data is giving me information and it's helping me decide where to place my orders where it's going to open analyze like now I know know to look around $8 on the daily chart"
By Ross Cameron - Warrior Trading | November 12, 2024 | Pending
From video
Big Momentum with $FOXO +774% and $BTCT +350% 00:23:50 - 00:28:31
Interpreted Prediction
BTCT experienced multiple halts upwards, possibly due to shorts getting trapped. The cost to borrow shares was low, facilitating short squeezes. During halts, an 'auction' occurs where orders are queued, creating an imbalance. A 10-minute halt suggests a significant imbalance or a tactic by shorts to delay momentum. The resumption price can fluctuate, indicating shifts in sentiment and order adjustments.

Prediction Details

Ticker
BTCT
Initial Price
10.5 USD

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