[ 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: 75 KB, 1152x778, what does this indicate.png [View same] [iqdb] [saucenao] [google]
3355102 No.3355102 [Reply] [Original]

What does this huge red wall indicate?

Is this manipulation?

>> No.3355107

gravity well

>> No.3355118

>>3355107
What do you mean by gravity well.

Are this a whale selling?

>> No.3355136

Indicates a buy signal

>> No.3355143

>>3355102
Big straight walls like that are usually one person

>> No.3355144

Indicates a wall of pink wojaks

>> No.3355184

If it was just the wall by itself then I would say it's a whale trying to push the price lower but judging by what is behind that wall I would say it is someone trying to sell.

>> No.3355204

>>3355184
>>3355144
>>3355143


Ok thanks. This is whats currently going on for OMG.

So you would want to buy this wall?

>> No.3355267

>>3355204
I would be looking at the chart for that. Are you holding after you buy? BTC looks like it's going to dip again so I would wait.

>> No.3355334

>>3355267

thanks for the advice. But yes, I'm trying to accumulate as much as possible.

>> No.3355357

fyi when you see a huge sell off, the person isnt going to fiat they're opening a short position. That means the price is about to tank down.

>> No.3355500
File: 205 KB, 1440x1591, 3.png [View same] [iqdb] [saucenao] [google]
3355500

>>3355334
If you want to make some coins for free you can play off support. I put the blue line as support in this pic. Make small buys when it hits support and sell your original investment on the bounce keeping all the profit in the coin you want to accumulate. If it drops below support buy increasing amounts as it goes down and do the same thing when it bounces back to support. Spread out your buys when it breaks support. Start small and buy bigger at the bottom. Best image I could make on my phone. Hopefully that makes sense.

>> No.3355521

>>3355500

That makes a lot of sense. I've been wanting to ride the waves, still trying to figure it out.

Thanks bro

>> No.3355545
File: 43 KB, 396x388, feels pepe.jpg [View same] [iqdb] [saucenao] [google]
3355545

>>3355500
you sir are truly the best of biz

>> No.3355596

>>3355500
Which cndle time period is this on your pic and what is the best for daytrading?

>> No.3355639

>>3355521
>>3355545
Just remember to keep the buys at support small. You want to make bigger buys on the panic after it breaks a decent amount below.
>>3355596
I think it's 30 min. I like to look at the day and hour then go down to 30 for buying and selling.

>> No.3355807

>>3355639
thanks, any indicators that work well in addition to what you posted? like macd or stoch?

>> No.3355831

>>3355357
>fyi when you see a huge sell off, the person isnt going to fiat they're opening a short position.

or they are going to fiat, you dont know

>> No.3356189

>>3355807
They can help but I don't put a lot of trust in them because of how much the smallest news can affect price in crypto. That's why I like this way because you're safe if your ta is good and you're safe if it isn't. Unless you're playing with some straight shitcoins from cryptopia.