is this good or bad

>>3374430
gad

Bad, very bad. You need to sell.

please no tomfoolery

File: b5ac31f6aafee1ade1194a2981f13bf2.png (8KB, 1807x55px) Image search: [Google]

8KB, 1807x55px

o shit nevermind

>>3374430
Looks like a huge green snake flicking his little red tongue out - scary af. Definitely sell OP

Sell the buy wall, Buy the sellwall.

>can't wait for summer to be over.

File: 1474491472040.jpg (14KB, 200x200px) Image search: [Google]

14KB, 200x200px

It's decent

>>3374430
sell into it and see it vanish immediately.

>>3374483
snek

>>3374430
you have to be retarded if you sell on a graph like this desu

>>3374430

OP - what this graph means is that whale is forcing anyone who wants to buy soon to bid ABOVE his buy wall.

Example: Buy wall is at 7237. You want to buy in, but don't want to pay ask price of 7238, so you bid 72371 and (((someone))) sells into your bid.

Guess who sold into your bid?

The whale with the giant bid that you just got in front of.

What is this sorcery, you ask? By setting a large price floor the whale gets guppies (you) to bid over it and then sells to you at or above their desired price. As soon as significant volume begins to sell into the wall, it will disappear... the whale doesn't REALLY want 70 BTC worth of ETH at that price. They want to sell their ETH at that price. As soon as they pull the floor the price usually dips.

>>3375593
But if the whale wants to sell at the same time, shouldn't there also be a sell wall?

>As soon as significant volume begins to sell into the wall, it will disappear...
Does that mean the whale cancels his buy wall?