Feb. 3 at 7:32 PM
$XBOTF This is a BX Indicator on the weekly candles. It doesn't reflect price, it reflects net order flow. Notice that even when price is down, all of the candles are green. So, what does this mean?
In an OTC stock, buyers can be more motivated than sellers, but the price can be walked down by the MM on weak selling volume. This is what happens when accumulation is going on, NOT distribution.
Demand exists, but price is being rationed
The next question is why:
Are they building inventory?
Are they preventing a breakout near resistance?
Are they waiting for a liquidity event (news, financing, structure change)?