Quote from: cutepuppy on October 21, 2014, 09:02:50 AM

Ryan, how are you playing CANN right now

Did you dump or do you think the developer is taking profit?

I got in at 15K what do you think, are you buying or selling?

This is a perfect example of how the market works, and is something I often speak about when analysing trades.

The market doesn't react to news in the way everyone thinks it does. People say "the pegging is coming on the 20th we are going to the moon." In actual fact, that never happens. No matter what the news is, or which coin it is.

The rally always happens during the build up to the big day... Not afterwards.

I always tell people... you need to understand the difference between a buyers and a sellers market. Which isn't difficult at all because it is like the difference between night and day.

I'd say that CANN is always a good play.

However, more CANN is currently being sold than bought. So we may continue to see lower prices - which isn't a terrible thing.

Low prices are clearly a good thing.

If you have limited capital, this gives you the opportunity to get in at wholesale rate. So there are a lot of easy monies to be had from CANN if you play it right.

The lower the price falls, the greater the opportunity due to the massive volume we have already seen pour into and then out of CANN (indicator of positive market sentiment, and strength) ... the lower CANN goes in price, the better it looks.

Look at all the posts abut CANN, the consensus is that CANN is a terrible play right now. Yet during this dip, the price has gone to 2555 and back up to 4400 - producing a 72% gain. This is easy money.

Just sit back and analyse the sell resistance, because that is what is currently controlling the price. Higher resistance = more dumping = lower prices. As the resistance lowers, the price will lift