[ 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: 391 KB, 1920x1080, ksm.png [View same] [iqdb] [saucenao] [google]
28786839 No.28786839 [Reply] [Original]

Newbie question but whats up with this buy wall? it appears and disappears when the price is getting close to it, what kind of manipulation is this and by whom?

>> No.28787017

walls dont exist retard
if whales see the price is falling hard they pull out and let it fall even harder, same with sell walls

>> No.28787091

Manipulation to drive the price up.

>> No.28787146

>>28787017
in picoseconds? thanks for the answer though and fuck off for calling me retard i told you its a newbie question faggot

>> No.28787232

>>28787091
how does it drive the price up? people seeing the supposed support and buy? its a psychological trick?

>> No.28787572

>>28787146
sorry bro didnt mean it just fooling around

>> No.28787765

>>28787572
no harm bro, now fuck off again for apologizing

>> No.28787806

>>28787232
Trading is 99% bots following order book algorithms and 1% people. You can massively fuck with the bots by rapidly making and pulling walls. Keep in mind that most bots have a failsafe to recognize this after it happens 3 times.

>> No.28787831

>>28787146
>>28787232
Whales use algorithms that react and think faster than you ever will. Yes large walls are also used as manipulation, never trust them. Retard.

>> No.28787868

>>28787806
DOOHMP ET

>> No.28787927

>>28787806
>>28787831
so this kind of bot behaviour is a buy or a sell signal?

>> No.28788103

>>28787927
It's not black and white. They not just trading that coin specifically, most bots also look at price relative to BTC because everyone wants BTC. You also don't know what sort of % gains they're calculating for off of what entry position etc etc etc etc. At most all you can say is there's a whale present playing with its food.

>> No.28788259

>>28788103
i see thanks, well yeah its never black and white and i am looking at the btc price too i know that much, but i am sure an experienced trader will get a gut feeling on whats to come, maybe. Thats why i am asking to see the consensus so i can start learning.

>> No.28788380

250 EOD

>> No.28788674

>>28788380
provided btc behaves and just crabs

>> No.28789039
File: 578 KB, 700x505, bogdanoff_bad.png [View same] [iqdb] [saucenao] [google]
28789039

>>28787806
"bogdanoff, he's trying to manipulate our tier 1 order bots"
"activate RUG failsafe"

>> No.28789570

When we talk about walls we are talking about sell orders or buy orders or both?
>inb4 none of those

>> No.28789999

>>28789570
Both

>> No.28790623

>>28789999
what a waste

>> No.28790704

>>28790623
Yeah, made me sad