Topic: ***Edited*** (Read 116 times)
Buy walls and sell walls are obvious when there is some whale manipulation in an exchange. I better stay out of that because you might loose and be eaten alive by the whales. Just stick to your own strategy is the best strategy of all.
I think News is also effect bitcoin
What are Buy and Sell Walls?
if a whale does not want the price of the currency to drop below $10, he or she can place an order for a large number of units (say 10,000) at $10. In order for the price of the currency to drop below $10, the large order must be completed, meaning that sellers have to pile on a total of 10,000 units for $10 first. This effectively blocks the price from dropping.
What are Buy and Sell Walls?
if a whale does not want the price of the currency to drop below $10, he or she can place an order for a large number of units (say 10,000) at $10. In order for the price of the currency to drop below $10, the large order must be completed, meaning that sellers have to pile on a total of 10,000 units for $10 first. This effectively blocks the price from dropping.
buy and sell walls give lots of information to whether manipulation is going on or not ... if one knows how to read 'em
good skill to have, i'm working on improving reading buy and sell walls myself
good skill to have, i'm working on improving reading buy and sell walls myself
***Edited***
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