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the fuck is this
>>3306010WHICH COIN
>>3306010coin name?
>>3306020omg, some hours ago
>>3306020>>3306028pic related
>>3306020>>3306028OMG you retards, this whale is absolutely saving this coins ass right now. Sell orders of 1-3k omg's kept pounding that wall a second ago.
>>3306010> vertical buy wall> confuses the normie, like you> "wat do?", says you> no one answers your questions> you panic, palms sweaty> you buy their bags> they've trapped you> you can't move> you become a new member of shitcoin bagholder's club
OMG
What am i looking at
>>3306062Where the hell do you newfags keep popping up from? Why are you in crypto if you dont even know wtf that pic means?
>>3306044isn't bad for the coin? everything goes to the same whale and artificially props the price
>>3306081Not saying its bad, saying that if he pulls that wall, everyone should hold on to their dicks as it's gonna be a wild ride down
>>3306045thank you for the education
why is the price going down? should i buy into this?
>>3306100newfag
>>3306100Why would you care if he pulls the wall unless you're planning on dumping in the next 48 hours or so? A whale buying up all they can is an extremely good sign.
Lmao this idiots gunna' have 7 BTC worth of bags.
>>3306010I want this to fall so bad. It would be such a glorious stock of omg and mega-rare pink wojacks.
>>3306162Because there are a lot of sell orders waiting for that wall to come down. And i dont want the price to drop
>>3306010You're about to learn how it feels to have the floor crumble beneath you.
ok you niggers are worthless but i'm getting the idea that i shouldn't buy in right now, thanks for nothing
lol, he dont give a fuck
>>3306196yeah, I dumped my OMG because I know what that wall means. I've seen it dozens of times. They will pull it as soon as people start selling a lot into it. Bought MCO because the price is super cheap right now. Probably a mistake, but I'll take my chances.
>>3306010look at the sell orders holy fuck
Guy is an absolute bulwark
>>3306010I'm really tempted to sell right now but who knows maybe this guy isnt looking to fucking drop the price
>>3306195that doesn't make any sense. if one wanted to sell, now would be a good time.
>>3306360they are waiting to see if that wall is going to come down, if it does, the price will crash more. If it doesn't they won't sell.
STOP IGNORING ME YOU FUCKS ANSWER MEDO I BUY IN OR NO
>>3306401wait to see if that wall is going to hold. If it does it is a buying opportunity.
>>3306401No. Just wait.
fuck I'm scared should I sell my 90 coins?
>>3306429Maybe. Or maybe you're going to the moon
>>3306010Based whale
>>3306429take out principal if you're scared
>>3306401>>3306416They've got you strapped on the rocket that's going nowhere. They will let the buy wall right out for another hour or so, and then remove it. The normies are scared. O, my, gosh. I need to sell it asap. The price slowly, but surely, decreases. Then they place a huge sell wall, increasing FUD, and dragging the price even lower. They've got your penis in a mousetrap, and you can't do anything about it. The best course of action is to hodl on to your shitcoin, since they are now in an accumulation period.
>>3306254can someone tell me how to read that orderbook thing.
These whales are just trying to get to the $700 estimate asap.
>>3306045Happened to me 1 hours ago this literally happened to me i bought neo thinking it was ready to moon lost 100$ is not alot but it is to me im just starting im a jobless europoor
the whale is not going to pull that wall, he's already absorbed 30k OMG today through people selling into it, he is mass accumulating for what's to come
How is he ever going to sell all that shit without fucking the price?
Wall is obviously going to hold. He's just accumulating right now.
Yesterday, there was someone - or maybe it was just regular people - buying all the OMG they could until fucking nobody was selling.Then, a shitload of spam low-ball buy orders appeared, quite a bit lower. The consensus in the thread talking about it was that it was a whale trying to scare people into selling for a loss.So what makes you think this isn't someone who wants to pick up more cheap OMG putting in a massive buy wall to scare more people into selling into them? If nobody buys, then this doesn't hurt the whale. If people sell, then this benefits the whale because they can acquire coins for cheap.If I wanted more coins and nobody was selling at $12 but I thought I could scare people into selling at $11, what stops me from putting a huge buy wall at $11 to make people think they should sell to the whale before the whale goes away and the price falls?
there is also a 1800 ETH buy wall at 0.3 as well, so if both walls goes down, and it's the same whale. that's 160k OMG they would have accumulated, and probably will get more on the panic sell down, it'll be a fun ride
>>3306451That's very educational. Thanks for being so decent.
>>3306401If you're asking that question unironically you're probably too retarded for crypto Sorry
im scared lads
>>3306516>>3306525>>3306480>>3306451this is the first time i've seen a buy wall like this. pretty interesting. that's a lot of 'investment' for this whale and makes me feel better about my position. why would the wall falling make people panic sell?
>>3306516>>3306525I wonder if it's the same whale that put up that 700btc sellwall for shits and giggles when OMG was hitting that major x3 pump a few weeks ago.
>>3306545so... buy in? or no?
>>3306010anyone else noticed he's holding at $12.14? I imagine he's trying to hold it there so he can get mass OMG for cheap while also not starting a run for the bank out of his control
>>3306570cause people will think there's nothing to support the current price and it will decrease so they try to sell before it
>Buy wall>Botting sell ordersThis about to rocket
>>3306603Buy now. Whale is obviously accumulating. Do so as well.
>>3306516"putting in a massive buy wall to scare more people into selling into them"what?Buy walls entice people to buy ahead of the whale because they reason that the price can't drop below what the whale is offering, therefore the price can only increase, making their investment safe.Sell walls do the opposite, they make people panic sell ahead of the sell wall.The wall is definitely real, but people are selling into it, possibly in anticipation of BTC going to 5k and having a correction down. Whales aren't super geniuses, bro. I saw a 224 BTC buy go into XRP a week ago at the very top (7000 satoshis) and sellers ate the wall. The price went down significantly after that, and is at 5000 satoshis now. Sound investment from a whale? No.You can claim it's for accumulation because of a big move ahead. You may be right, but what high volume coin can you possibly lose on if you accumulate and are willing to wait months? With a massive stack like 200 BTC the rules for accumulating are definitely different, but so is getting rid of it. He may start dumping when he's up 10%, 20 BTC is nothing to sneeze at for a few hours work.
Why are there so many orders 1 satoshi below the whales? I assume people are using it as a signal if it gets past the whale, but what do you take away from that happening? Noob question, but I'm curious.
>>3306617
God damn it he's trying. And who the fuck would I be if I didn't try either? A bag holder? I'm ready bring on the pink wojacks.
>>3306037And also now
i think both walls will fall and break down, further drive the price down more. IF they don't pull both BTC/ETH walls that's $2Million they would have accumulated in OMG. sure it will go down in the short term, but do you really think someone that put down $2Mil don't know what the F they are doing? or I could be wrong and it goes alllll the way down to 200k sats
>>3306617thischanged all my eth into omg for nice short term gain
>>3306603Doesn't matter when you buy in if you plan on holding them for at least 6-12 months and not being a weak handed bitch. The worse thing right now is betting against it and losing because you could have gotten an extra 2-3 percent in returns if you got in just a bit lower... Then a year from now you piss away a possible %5000+ percent in gains over that 2-3 percent.This shit will make you money so long as you aren't retarded but this is /biz/..
>>3306629>>3306629And another interesting point is he could offer up for sale everything people are selling him right now, but only 1% higher. It's like betting both directions, you can't be wrong. He will be left holding bags though if it doesn't eventually go up, but that's what he's betting.
what glorious news you think whale knows
>>3306603No You need to watch it closely and see what happens after the wall drops. Personally I wouldn't buy in right now anyway because it's still up since yesterday, it'd probably go down even if this whale wasn't fucking with it.It's most likely going to drop unless another whale gets fed up and starts a war.
Plot twist.. is June. No seriously, omgods, accumulation season open. After a nice uptrend week we have some wojaks and omgtards on board. Now is time to grab some omgs from this fuckers and continue our way through september. Happy trading!
>>3306654the whale can remove his buy order whenever he chooses, if he does it will drop down straight to the fiery pits of hell. The sell order one satoshi under is a safety precaution.
>>3306010Buy and sell, guys.
>>3306010Someone just set a 1000 buy order 1 point higher.
>>3306761>fiery pits of hellMore like happy fucking funtime accumulation land. This thing has the best future right now.
>>3306761this negro gets it, whale will definitely remove that sell order.
>bot has stopped
>>3306805buy* orderYou high nigga?
>>3306801Cash out now at a profit and then buy back later then? I'm 50/50 where this is gonna go. I think he'll have to raise the price above what it is right now in order to dump it obviously. But who knows
>>3306761wait but if it drops wouldnt you want to not set a sell order and buy when it drops even lower? why only 1 sat lower?
>>3306824I got out when it was 150btc.Maybe buy the dip?
>>3306826You see support under his order? I dont really.Those 1 sat under orders are just indicators.
That buy walls the only reason this shit hasnt fibb retraced as ALL markets and coins have to do before further growth -- and they always do -- way outta line. Hasnt even touched the 38%s on ANY time scale. I feel bad for anyone buying this artificially delayed top
its going to repeat this consolidate moon pattern all through September
>>330682450/50 just isn't enough of a chance to make me risk my 850 stack
>>3306839damn is OMG really worth 150btc next year?
>>3306867>consolidate moon patternThe fuck are you even talking about?
this is the current scenario as far as i can see
Whale down to 45k left
>>3306881Here we go!!!!!!!
he just removed the buy order
>>3306881lol someone just dumped 92 btc on him, so I guess we know where it's going
>>3306899jesus christ i meant this
https://www.youtube.com/watch?v=_JUCfX1P1ik
See you guys at sub 200k
HOLY SHIEEEEEEEEEEEEET
nope, someone just dumped 33k OMG into his buy wall
>>3306890everything in the future will be traded against omg.>mfw this can actually technically be a thing since omise is trying to make all assets interchangeableshit. we need to make an exchange based off of this.
left right goodnight
A rare, wild 8K OMG Sell order has appeared!!! Gee, do you guys think it might be the same guy?
>>3306010not moby dick, just waving dick
now it's time to pelt down that 1800 ETH wall!
Why do people always panic sell during dips?
>>3306851Are you the PiGuy from last night? I am still basing my next buy in off of your advice if you are and waiting for that 230k
Where is the re entry point lads? TY
>>3306958Because they are weak and can't look at the long term.
>>3306958they think they are going to incur massive losses if they don't cut their losses. Sometimes they are right, but they are usually wrong
>>3306951Ok OmiseGOY
the whale is gone
HOLY SHIT ITS HAPPENING
THE WALL HAS FALLEN!
>>3306965230k and maybe even potentially 215 - 220
sold at 244 bought at 238thanks whale
I don't see it dropping below 220. Maybe 210 at worst.
>>3307007I will be more than happy with either of these
>>3306991>>3307007I hope we get sub 230
>>3307007210 is below 220
sold at 216k. rebought in at around 260lk. dumb decision, got to hold now. doesnt matter how long it takes
MY STOP LOSS ORDER FAILED, REEEE
>>3307014Does the whale still have about 50btc to work with?expecting to see another buy wall soon.
this will moon hard after the dip>mfw bought at 5
>>3306982>>3306984>>3306986>>3306761have fun
The wall is still up on the Eth market. When/if that gets consumed then we will see the real dip.
>>3307022heavy bags means big gains anon dont sell
Fibbo retracements are like the Iron Bank - you eventually have to pay them back or they will come knocking, and if you delay them, the next time they will be knocking down your door
>tfw sold 2min before all this shit
>tfw 1k paypal deposit to bank is cleared on paypal but won't appear til midnightThis shit better keep dipping til then
>tfw scared even though I bought at 60, 90, and 160k sats
soo comfy right now
>>3307045feelsgood.jpg
>>3307061I got scared. buy again when this bitch hits the floor
I don't think it's going to go under 230 anytime soon desuI know you guys that got in late are hoping that it'll drop down to buy more, but we all know OMG is going to rocket hard in September.
>>3307045>Tried to sell twice but my orders wouldn't fill on Bittrex and I lost my nerveIM STRAPPED IN TO THE WILD RIDE NOW
HOLY SHIT IT'S FUCKING CRASHINGWHAT DO???????
>>3307074I honestly this Ill wait 7 more days to buy in. It might decline until any more rumors.
>>3306947interesting idea
now the buy wall got moved up in the ETH pair to 0.0300600, and amount increased from 1800 ETH to 2200 ETH, is he going to pull this one?? or just let it keep absorbing. I say it falls...and triggers a bigger panic sell, then we wait and see what happens in about 3-4 days............
sold my shit in a slight panic attacknot mad,still made some gainsready to watch this thing burn and rebuy
>>3307078can't wait to buy again when this bitch is $8
I sold all my OMG and put it into BitBeans, not even memeing, i just want to end it guys
People don't realize this is the dip and the whales are accumulating now I was watching them try their hardest to drive the price down under $12 last night.
>>3307099CANT WAIT TO GET MY FUCKING ASS RAPED SINCE I BOUGHT SEVERAL TIMES UP FROM $11.60
I'm buying in 5's all the way down. I go to the moon or I burn in the fucking atmosphere.
>>3307097you and me by dude. chop up a line for me too my dude
>>3307092No, I don't think he will pull the Eth wall. Tbh I think another whale sniped the remainder of his btc wall and this wasn't intentional. Either way I'm comfy af and will buy more when this drops back to the 200k range. I'm comfy since 125k
>>3306963Yep thats me :DAt this point I could consider buying some at 2300001 (due to massive buy wall, probably same whale, at 230K even)Keyword some, put half of what you are willing to put in in case it drops lower.Same? Diff? Whales have similar buys at 220K and 210KGiven how much the dip has delayed I can now easily see it hitting the 68% (221K) which is where I plan on buying in, which works out to just above that next buy wall.At this rate it will bounce off the bottom hard, keep an eye on those buy walls at 230K, 220K, 210K. If they disappear the whale might be thinking of scooping up on the cheap hard
No way am I selling way too risky. They could drive thus back up to 250k just as fast
>>3307113>People don't realize this is the dipReallyIs that so
horeee shit. Already up???Surely this cant be the true dip
Faggots
>Already at 240what the fuck
should i buy?
its gonna bounce back up to 245k then back down for round 2, dont be fooled.
>>3307163OMG is one of the safest bets right now with potential for even greater growth. I bet some whales already know what's to come and are doing all they can to accumulate.
Moved the eth wall up
If this isn't the clearest sign yet that this thing is about to skyrocket I don't know what is.
SHOULD I BUY?!
>>3307194If the palm beach prediction is correct, all you need is 1400 OMG and you're set.
>>3307122Not intentional? Do you think everyone with a big stack is invited to the collusion club? If I 100%'d off OMG from 50 BTC I would dump 100 BTC on that guy in a heartbeat. Huge walls like that are a tasty treat if you are looking to get out of a coin. How are you going to liquidate so much without getting a crap rate for your coins (i.e. crashing the price)?
>>3307194i agree. But this cant be THE dip. It needs to dip harder.or perhaps it just Bitcoin Tier resistance
>>3307206Yes, the whales aren't even being subtle about it anymore. This might be your last chance.
>>3307116I got you dude
>>3307213Palm beach prediction? Link me pls
In the black by the skin of my ass by panic selling. At what val do you think we should buy in again?
>>3307190also, 4K omg sell at 242Do not make an emo trade here. Watch, learn, wait for the correct moment
Ok I can relax now the rape is over
>>3307220Whats the reason why they are putting up a huge wall?
>>3307236When it stabilises, which is likely in the 220-230k range or lower. It also depends on what the fuck BTC is doing.
>>3307245is it?
For the whales to be this blunt this must be a comfy coin. Im Hodling this to oblivion. BTC ETH and OMG to the end
Just hold guys, its way more likely to get cucked here than come out with more omg
Literally the easiest $800 I've ever made. Thanks for your bags you fucking weak handed bitches.
fk I missed it, did that 230K buy wall get eaten or pulled? I am assuming pulled?
>>3307294Eaten
>>3307294both i think. that whale bought a lot of omg but i think he had something like 50 btc left
>>3307294It was at like 244k. It was definitely eaten for like 75%, not sure if the rest was pulled or eaten.
>>3307266i just want to make a buck mr whale
ITT: weak hands
Is 500 OMG enough for my lambo??
damn, what a fantastic opportunity coming up soon. Thinking of pooling some shit together for a buy, maybe even take a small haircut on some shit alts I entered too soon on
>>3307325eaten
>>3307360this just goes to show how fast OMG is growing. regular consolidation is causing 200 reply threads on biz.business as usual.
it's not over.
Lost about $50...because I brought omg at 0.00258636
Eth wall getting chewed
>>3307385when is everyone buying? im transferring around 200 bucks over and waiting. I have a feeling this is gonna dip harder
The Eth wall is falling as well
>>3307408Just close the browser and come back next week
>>3307415this will dip under 10$ at least
>>3307381BTC is approaching 5k, be very careful. When it hit 3k there was a sizable sell off that caused every altcoin to crash as people sold them into BTC and BTC into Tether
>>3307421When it's gone then we will get the actual dip.
>>3307415>>3307430This.and>>3307431This.
>>3307415Nomore wallThe buying pressure is too strongIt won't dip much more
>This threadYou guys are something else.
>>3307430Want to sell it now and then buy at the dip though...
>>3307445this shows how much hope everybody has on this coin. Not just Hype anymore
>>3307453I think the million dollar buy wall was evidence of that.
so is anybody gonna talk about eth dipping like a motherfucker`?
>>3307230https://pbg-assets.s3.amazonaws.com/editorial/pbo/201708/20170817-pbo-monthly.pdf
>>3307466yep . Below 0.08 in a very long time
>>3307434that's honestly the only good point in the thread. i'm in the fortunate position of having bought in at 80k sats so any pullback won't be too hard on me. there's also the alt-frenzy scenario. if BTC crashes hard but ETH does not i can definitely see ETH-based alts having a pretty good go of it.
>>3306077>Why are you in crypto if you dont even know wtf that pic means?WTF does the pic mean?
is this the floor? 234?
nah, btc will not be passing 5k for at least a week. shits gotta test and bounce off it a few times. Its a psychological number, profit takes number, etcthat and china kept rejectimg 33333cny
>>3307528The green colored area is the Wall.The red area is the night King trying to bring the price of your coin downIf the Wall falls you are fucked(unless you are a Whale looking to accumulate or you have an iron grip)>inb4 normie
>>3307543open the doorget on the floor233 is the current support level. if it breaks, we go down to the 218-225 zone. if that breaks, well, i just don't know man.everybody walk the dinosaur.
lol how many suckers getting shook right now?
>>3307578inb4 200
>>3307586me
The amount of attention this coin is getting. The company behind it. The size of the buy orders and the hype. The next few weeks are going to be one hell of a ride. Strap in boys,
>>3306077Because people all want to make money
>>3307608Fucking this, exciting times ahead
>>3307608im balls deep in OMG. I make it or break it
>>3306545Educate this newb on trading the cryptos.Beam that information into my brain!
>>3307644educate yourself fuck head, 4 chan isn't the place
>>3307608>Golem on the 7th>Apple on the 12thIt's a good month to be an OMG holder. Expect it to top at $40.
>>3307692Any ideas how golem would work w them?
i-i-is it over
>>3307692also Techcrunch Disrupt on the 13th
BTC reaching 5k any minute now. This night is THE night
AAAAAAAAAAAAAAAAAAAAA
>>3307713it's September 18-20
eh, went long at 12.20 before i went to sleepshould have waited till this morning. oh well
altitude 225k sats REEEEEE
AND I'M FREEEEEEE FREEFALLING
>>3307757it doesn't really matter too much.
>>3307759why the fuck is OMG falling
OMGs first even correctionWe're a big boy now
>>3307784because whales are getting tired of holders.
>>3307784vitammin deleted all the tokens from the server, it's ogre
Bitcoin mooning + correction. You guys ready for a tasty rebound?
just bought back in, lets see how we do
almost 225 when will it stop hold me /biz/bros
>>3307784It falls a little, people panic and sell. Panic selling causes it to fall more, so more people panic and sell. And so on...
>>3307892too early, wait till it goes under 10$
>>3307916i dont think this is dropping to $10
>>3307923immediate regretIRON HANDS
>>3307784crypto is very easy to be subject of a panic downwardsspiral
The fibbo spiral gods had to be paid, and because payment was delayed, they had to be paid in blood and fireThat and the whales have moved sell orders to the 231~ range, we're going down further lads. This bottom, when it comes, is going to be one hell of an opportunity
>>3307936what's the bottom and when
>>3307957guys... what if this is the NEO?
How deep are you?
>>3307934lol not when whales are waiting to scoop up discounted tokens. this thing is way oversold way too fast and will be bouncing back hard.
>>3307980Fuck iron hands, I have midas fistsNEO in the leftOMG in the right
>>3307980don't fucking say that
>>3307957watching the buy walls at 215 and 210, will see. If they disappear, then wait.If they start getting eaten by like 25%, probably buy half what I am willing to buy then
keep selling for the next week pleaseI need till at least thursday for you people to panic and sell keep it up doin great work
>>3307957>>3307957But in terms of fibbo, the 1week has been satisfied dropping below 50% (225~) which means a decent entry. If it drops below the 61% (215) that is considered a safe entryThe whale action means that in shorter time periods (ie smaller than 2 weeks) fibbos are not accounted for. That is catching up but where I am going is that we may see retracement down as low as the 78% (200) which is absolutely nuts. But whale is gonna whale. You can bet your ass they are accellerating the retracement as low as possible so they can scoop up on the cheap. Buying now and holding at least a week (if not 2) will probably see you 50% gains at least. But if you wait and ride this to the bottom you could see as much as 75%-100% if you buy right when the whales flip and the market says enough is enough
>>3307916>>3307923>>3307933IM SO FUCKING HARD RIGHT NOW REVERSE PIC RELATED
Shit, this might be the bottom, whales going against each other now
>>3308193confirmed, 230K sell wall disappeared
>>3307007So I was right?
With whales going at eachother for this coin it tells me one thing is certain. APPLE
>>3308128where do i learn this stuff
>>3307757that was scary
Harvard. Cant learn this shit on the streets kid
>>3308337Fuck off, retard. A.) You're trying to apply convential stock market wisdom to crypto and B.) You're relying heavily on chart patterns which are essentially the astrology of investing.If you want to get really good at technical analysis, learn how to read a fucking order book so you can spot trends and understand how buy/sell orders effect upside/downside potential of a coin, and that knowledge will give you a better understanding of how unbelievably manipulated and completely unpredictable this market is. Or listen to this smug harvard douchebag and try to understand what the gods are trying to tell you by making star charts
ITT>stupid fools thinking wall is just one whale holding it up..IdiotsIts whales accumulating This is dip Lrn2Depth
Im making massive gains boy. Now buzz off. # Delta Magna Kappa bitch
dead cat bounceget ready for round 2 boyos
>>3308366>learn how to read a fucking order book so you can spot trends and understand how buy/sell orders effect upside/downside potential of a coinLearn me anon. How do buy/sell orders effect upside/downside potential of a coin?
>>3308284I hope so anon. Logically it makes sense but having trouble believing it still
>>3308408>dead cat bouncezoom out, obvious cup and handlestop posting your memes
>>3308310dont listen to schoolfags. We live in an age where if you really have the drive, and apply yourself, and have some common sense to separate the bs from the cream - you have endless knowledge at your fingertips.Self educateSchoolfags are for those unwilling to teach themselves and do not mind being held back by the lowest common denominators in their class (ever notice how a semester never finishes a textbook? skips chapters? etc)
If youre going by the order books you're looking for momentum, and with crypto youre looking for buy/sell walls. I use the charts abd the order book. If you see a huge road block ahead set a stop loss, I usually always have one set even when I feel comfortable with the way things are going.
So was that the dip? Now it goes back up? :(
What app or website is OP using to check order book for the asks and the bids ?
>>3308540bittrex
Bittrex exchange
>>3308413Welcome to the community, anon. Stock up on pink wojaks. You will need them. I'll give you a rare gift - a free lesson1/2 In pic related, the left side of the book is full of open buy orders, meaning orders that people who want to buy OMG have placed. The right side is full of orders people looking to sell OMG have placed. Under the "Total" column, you can see the amount of BTC that one sell or buy order is worth. For instance, the first red circle on the Bid side is 16.3886 bitcoin. It means that in order for that buy order to be filled, someone must sell that person (or persons) 16.3886 BTC worth of OMG at .00227580 BTC each (228k Satoshis for short). But in order for that buy order to be filled, all of the buy orders in which more money is being offered per OMG above it must be filled. If you look again under the total column on the Bids side, you will see that above that buy order there are only two other buy orders over 1 bitcoin. This is where the Sum column comes in handy. The sum column is the total number of bitcoins worth of OMG that must be sold for whichever Bid order you stop on to be sold. Take that first red circle for example again. Up to that 16 Bitcoin buy order, 8.8577 bitcoin worth of OMG must be sold, but after it, 25.4423 bitcoin worth of OMG must be sold for the price to keep going down. That 16 BTC order is referred to as a "wall", because it is a large obstacle for sell orders to overcome before the price of OMG can continue to go down. Under the "Bid" column you can see what price per OMG people are offering to buy OMG at. So you can say there is a 16 BTC wall at 228k satoshis (per OMG) and a 20 BTC wall at 225k satoshis (per OMG). If you look at the bottom of the Sum column, you will see that the total number of BTCs worth of OMG that need to be sold in order to reach a price of 223k satoshis per OMG is 52/6024NOW look at the ASKS side. There are no large walls. The sum is much lower.
>>3308540right now the majority of the action is on bittrex
>>3308442rofl where is the cup, and where is the handle?also:>bringing TA into cryptosee you at the bottom, prepare for more gains
The best TA I see for crypto is the fibbonacci retracement bands, both for rises and falls. All crypto looks to have to pay tribute to these to the point it is scary. You can apply them to time periods as small as 1 day with great accurracy. They are accurrate fractally as well with increasing time periods: 3 day, 1 week, 2 weeks, even monthlong (though less so, like 90% versus 95%+)
>>33085792/2This means that far fewer BTCs must be BOUGHT for the price to go UP than BTCs that must be SOLD for the price to go DOWN. If the market follows the path of least resistance (which it usually does) it will trend upwards. However, walls can be pulled, reset at different price points, and moved at any time. This is called "manipulation". Say for example the price of a coin is falling, but there is a large wall at a low price. The price of that coin might stop falling once it hits that wall, because no one is willing to sell their BTC for that low, or there might simply not be enough volume to overcome such a large obstacle. The price will usually stop falling at that wall. The wall might be natural (lots of people put their buy orders at that price) or artificial (a whale might have put that wall up to stop the price from falling any lower). Conversely, if there is a large wall on the "asks" side of the order book, people will lose confidence in the ability of a coin to overcome that wall and it will likely stop increasing once it hits that wall. OR, if the wall was put into place by a whale and it can be pulled, essentially freeing the market to rocket to the moon if there arent any walls after that.
>>3308625Now screenshot these and put them in a single picture in paint and post it when other people ask the same questions you're asking so we can stop explaining basic economics to newfaggots like you kys I h8 you I hope you lose all of your money you smelly fuck here have a wojak you'll need it nigger
holy shit, did anyone see that 13K omg buy wall just get eaten?
>>3308641thanks, cunt!
>>3308579>>3308625>>3308641Thank you for the lesson it was very much appreciated!
>>3308641Cheers m8
Looks like its stable now.
This 100%. I use the calculator rather than tools. Made profit every dip during the OMG rise. Sold at the top, bought a little just now to hold. Now im staying far away from this manipulated currency.
>>3308707There is still a 5000 buy wall
>>3308712this what?
>>3308712How do you use a calculator to do this and check if you are gonna make any profit ?
>>3308728Multiply your current OMG holdings by the current price and record that number, then multiply your current OMG holdings by the price when you bought it. Subtract your purchase price from the current price and it will give you profit/loss
Whales concur with each other again and flipped back over to the sell side. Dead kitty incoming
>>3308785holy hell... they are going all out
Brutal night
shit
>>3308892What is this? Someone trying to keep the price below 0.00223510?
where is the fucking re-entry point?210k?lower?
Wherever the whales move the market. Who knows
goddamnitgo back down to $8 so i can buy some
>>3308623i got buy orders at 215, 205, and 200. are these good entry points?
>>3309281>>3309281Depends on if these whales let it get down there. Going off this up down oscillating (smaller dips and hills) action centered on 225 though, I think this might be their accumulation point.Watching that order book very carefully. If you see a 10K omg plus buy right at the top, I think that would be the best entry we will get in the next hoursFibb wise we are in the 50% retracement range (225K) where 216K would be the 68%.If you gotta take off / go to bed/work etc, right now is a safe entry. I am hoping for a dip back down at least to 215 myself. 210 would be amazing. 200 would be a windfall.I am hoping they are letting it calm down sideways at 225 before initiating another dip down
>>3308579
>>3309281Hope you bought - the whales decided its uptime now4K omg @ 235K buy wall just got pecked at and pulled tho