Buywall

No.

>>3154997
what should I conclude judging from that picture?

Is it wrong to assume there are more buy order than sell orders?

>>3154983
Just means it's unlikely it will drop below that price desu.

>>3154983
This means that there's an artificial price floor supporting (holding up) the current price.

If the floor gets removed there's a lot less support for the price. Whales typically use floors like this to offload coins ABOVE their wall. They use sell walls to buy coins BELOW their walls.

Think of it this way:
buy wall = whale selling coins
sell wall = whale buying coins

They just buy or sell opposite the wall.

Where can I get this charts?

>>3154983
Also, it means there could be a shit ton of bots placing buy orders well below the price in order to exploit any large sell orders and make money on the impending repop. Same also happens in reverse.

Watch the order book for a while and you'll notice some huge buy walls slowly start getting taken down and then they disappear as they are cancelled.

>>3155015
interesting, thanks for the input

>>3155015
This doesn't seem very logical.

If sell pressure is forcing the price to come down..hes buying more(his own buy order getting filled) than hes selling. Which defeats the purpose of placing the wall in the first place.

>>3155015
>>3155030
one thing that's weird thing to note though is that the volume keeps increasing when it should go down instead if what you guys are saying is true.

>>3155078
Sell wall = "I don't want to pay more than this for your coins"

Buy wall = "I don't want to sell my coins for less than this"

Why so you think buy / sell walls yet yanked so quickly / often when trend shifts? Whale doesn't actually want their wall filled, they use the wall to manipulate the pricing.

>>3155103
this

>>3155103
This. It's called spoofing and is illegal on regulated markets.