Do sell walls even matter? Is it worth looking at the order book?

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>>3418017
>brainlet

>>3418017
Not really. Like most of crypto, it's a complete guessing game based on gut feeling. Will they pull it? Did they set up a proper stop loss? Or were they tired and they fudged it before going to bed and will wake up 20k poorer?

Who friggin knows.

>>3418017
No. 99% of the time they are spoofing to scare you into selling into their buy orders

>>3418017
No, volume is way more important. If there's a lot of buy volume then sell walls will be eaten up fairly quickly.

>>3418017
not really, many are fake. what matters are price reversal zones and actual support and resistance zones. orderbook is most of the time just spoofing with big walls by the big goyims

>>3418017
No it's all a trick.

>>3418059
Can you elaborate on the price reversal and support/resistance zones, what are they determined by? TA?

>>3418782
Bollinger bands and RSI are your friend

you have to watch and see what happens when the price actually approaches the wall. it will either get pulled or eaten. then you can make a decision based on that.

>>3418017
whales can create and remove sell walls instantly

they mean very little

>>3418017
They help narrow down placing buys and sells but only in a short period of time. If I thought a chart had reached its peak and was going to correct I would then look at the order book and see where I think I can slide a sell in. It's a tool but not the big picture.