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Massive sell walls for ETH starting at 1000
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Date: February 15th, 2018 11:41 AM Author: mustard exhilarant church dont see us bull running due to those sell walls (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409009) |
Date: February 15th, 2018 11:44 AM Author: Soul-stirring newt turdskin Those sell walls can go *poof* without actually being bought through. (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409031) |
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Date: February 15th, 2018 11:49 AM Author: mustard exhilarant church due to robots trading, sure
this whole thing is rigged, but still i dont see us pushing past early 1000s without a big market cap increase and new money flowing in |
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Date: February 15th, 2018 11:53 AM Author: Soul-stirring newt turdskin Or the whale(s) just cancel the sell orders. (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409087) |
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Date: February 15th, 2018 11:55 AM Author: mustard exhilarant church last time we had a major bull run to 1400 it was because market cap grew to 800 billion
right now we're at 470 billion...i don't see us getting to ATH any time soon unless new money flows in
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Date: February 15th, 2018 12:05 PM Author: unholy locale luckily at least half the individuals that sold are going to buy back in at a loss (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409172) |
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Date: February 15th, 2018 12:17 PM Author: Maroon patrolman price doesn't go up without new money being invested? have you considered a thesis on this novel idea? (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409257) |
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Date: February 15th, 2018 12:19 PM Author: mustard exhilarant church Date: February 15th, 2018 11:53 AM Author: Benevolent Screed
Or the whale(s) just cancel the sell orders. |
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Date: February 15th, 2018 12:24 PM Author: Soul-stirring newt turdskin What point are you trying to make? Sell walls are not literal "walls" erected for all time. And they don't necessarily come down by thousands of mini transactions eating through them.
Often, they are a temporary barriers to hold back trading on a given exchange while whales buy up cheaper coins. When the whales accomplish whatever they have set out to do in the first place, the walls often disappear altogether. I.E., they cancel the sell orders. |
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Date: February 15th, 2018 12:26 PM Author: mustard exhilarant church demand and supply are important. you are only focused on supply. if 470 billion is already tied up in coins, who is going to buy these more expensive coins? either people shifting from shit coins to ETH or new money
the money has to come from somewhere to boost the price of ETH
i'm just saying we will not reach ATH again without new money coming in because i doubt most people are going ot drop their shit coins to buy ETH, esp given that many shit coins have much higher return in the short term than ETH |
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Date: February 15th, 2018 12:29 PM Author: Soul-stirring newt turdskin There is not $470 billion USD tied up in the crypto market. See this: http://www.autoadmit.com/thread.php?thread_id=3884461&mc=12&forum_id=7
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Date: February 15th, 2018 12:29 PM Author: mustard exhilarant church i'm pulling this # off coinmarketcap's current estimate
it fluctuates daily by billions |
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Date: February 15th, 2018 12:37 PM Author: Soul-stirring newt turdskin I understand that. The entire market is essentially tied to the price of BTC/ETH. It is laid out in detail in the link I posted. (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409423) |
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Date: February 15th, 2018 12:10 PM Author: spruce cerebral sanctuary lol you've literally just been poasting about robots for weeks dude (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409203) |
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Date: February 15th, 2018 12:10 PM Author: mustard exhilarant church ive been watching the charts closely - definitely a lot of robots doing algo trading, esp on gdax
the buys and sells are often in decimal amounts to push prices one way or the other
the moment the moving avgs cross, there's a sudden rapid increase in trading, which is faster than most human traders could prob do
most of the trades done on gdax are via robots
i havent looked at binance yet, but i wouldnt be surprised if that were the case. with API you could easily use bots on any trading site
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Date: February 15th, 2018 12:16 PM Author: mustard exhilarant church also just look at the order books - most orders are in decimal amounts far less than 1 ETH, makes no sense unless it were bots trying to manipulate the prices. i doubt people are manually entering .01 orders spaced out in price by the tenth decimal
if you look at the volume on most days, it's very low (unless there's a news release), bots are generally just trading on minor price differentials...different traders' robots are profit taking continuously |
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Date: February 15th, 2018 12:16 PM Author: Maroon patrolman aint no sell wall high enough (http://www.autoadmit.com/thread.php?thread_id=3893873&forum_id=7#35409251) |