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/biz/ - Business & Finance

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12670476 No.12670476 [Reply] [Original]

I just realised something.

Are huge buy orders during a bearish time, a tactic used for people with alot of money to buy in on taker fee and not to push up price and still get in?

I see alot of buy walls that get eaten up just for the chart to continue tanking down afterwards.

>> No.12670494

>>12670476
Like right now, we had a drop and then flatening.

It literally dropped few % and should have dropped more, but now huge buy order walls are keeping the charts artificially flatlining.

Once orders are filled, it will continue going down to its support lines.

>> No.12670511

>>12670476
Most walls you see are bots trading with each others. Even bots own by the same people or the exchange itself, wash trading and faking volume.

>> No.12670521

>>12670511
Why would bots give exchanges money for free?

>> No.12670530
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12670530

>>12670511
This

>> No.12670556

>>12670521
theyre not. theyre selling into themselves to paint a chart anon. its exactly why sometimes when you put a sell wall up it never gets hit because the bots recognize that your coins are not theirs so they'll plunge the price a bit further down to make you market sell.

>> No.12670560

>>12670494
how is it artificial when theres an actual position getting filled?

>> No.12670585

>>12670556
this. that's why i stopped trading crypto. it's obvious when you see the price systematically go against you whatever you do, hunting your stops.
We still need 5 million usd per day to sustain the network so the question is, who is buying?

>> No.12670595

>>12670585
>We still need 5 million usd per day to sustain the network

explain this

>> No.12670606
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12670606

>>12670585
>> stops

>> No.12670653
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12670653

>>12670595
miners need to get paid to pay for their electricity to continue mining bitcoin. someone has to be buying bitcoin in order for there to be liquidity to pay the miners. so whos buying?

>> No.12670887

>>12670653
I guess very deep pockets in the know. It's not retail. When you check who is behind bitfury group you know bitcoin is backed by powerful people. that's why bitcoin will be the protocol of our next global financial system.

>> No.12670907

>>12670530
He looks fucking hot, hope he kept his benis