A 6000 BTC sell wall on ETH on Poloniex.
What does this mean?
>>2399194
It means smart people are selling.
Correction? Idk, is that a "large" volume for eth trading?
>>2399194
People buy pizza's for more than that bro.
>>2399194
Just shaking out the weak hands. I recommend you buy into that wall.
>>2399194
Wtf is a sell wall
Smart people don't dump that kind of volume at once, it's a shakedown
That asshole screwed up my short
It's not a big deal. It would cause ETH to go down 1.55%... causing ETH to drop $5 bucks max or so but in 1-2 hours that amount will be recollected by others wanting to join the ether family.