[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 26 KB, 400x400, USy6YukL_400x400.jpg [View same] [iqdb] [saucenao] [google]
16172901 No.16172901 [Reply] [Original]

Why the fuck do people say a very large sell wall is bullish? That makes no sense, the person is dumping their entire position

>> No.16172907

Crypto traders are retarded

>> No.16172921

>>16172901
It assumes whales set the walls with the intent to manipulate. A large sell wall would then imply the whale wants to keep the price down in order to accumulate for an upcoming pump.

>> No.16172930

>>16172901
>Why the fuck do people say a very large sell wall is bullish
Who the fuck says this?

>> No.16172946

That wall isnt even that large

>> No.16173266

>>16172901
All sell walls in crypto are fake retard, if you make standard assumptions based on them while trading you're going to lose your money in the long run.

>> No.16173298

>>16172921
This

Also OP must not have experienced 2017, when "massive" sell walls were absolutely destroyed in seconds, leading to a massive pump

>> No.16173450

>>16172901
I just ignore the order book, it only makes sense for smaller time frames