Hope its ok i ask many questions, im still learning
Why somebody put that big wall at 99.5 ?
If somebody want sell so many coins.
Wouldent it be better to let the new monday money flow in.
Hoping for a small monday rally getting the price up.
And then sell little by little for higher price ?
Is it some kind of strategy i miss.
Some of our "bears" see a 2938 sell order and assume it's always yet another 'big player' cashing out for good, and also assume there is an unlimited supply of these, to drive the price down to like $2. Sometimes it is someone cashing out, but often someone's just trying to make 'mad gainz yo' from the dips.
What often happens is that someone might be selling, say, 1500 bitcoins at $99.5, hoping that the price will go back down to $95 so they can buy again and make a profit when it goes up. We can call this "shorting" or "day-trading." This person may believe that the price will hover back and forth between, say, $90 and $100, for another day before the new money gets comfortable enough to buy in. They wish to make some 'profitz' from other day traders who may not be so good at guessing the price movement as they are.
Some people day-trade on the ups and downs with a handful of coins, some people do it with thousands. And some of the 99.5 sell orders are just people with lots of money trying to cash out to buy a new house or whatever.
Oh yeah, and what Hermel said. That too