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Sellwall

Bitcoin- Bearish retracement vs Bullish reversal? Answer insideHello traders! I would really appreciate it if you can like my post and follow me if you find my post useful :) Short-term perspective- Derivative exchanges such as Bitmex and Okex (Both have high trading volume and oI) seem to be betting against bulls at this moment. Even though buying pressure was fierce yesterday at Bitmex, it was not able to break through major sell walls. More likely, we will see the BTC price retraces below 9k once the price reaches 9.2k-9.3k because the volume is on the slow decline as the price went up. I would continue to buy on the dip up to 8.7k lvl as long as there is no violent price rejection at 9.2k-9.3k lvl. Of course, being cognizant of the fact that BTC could very likely be in the bearish retracement phase, keep the positional size small, stop loss tight and take profit aggressively. Mid-term perspective- Strong technical confluence and sell walls are located around 9.5k-9.7k lvl. Even if bulls can blast through 9.3k, I see bears step in and potentially end this bearish retracement. Good time to flip short at 9.5k- 9.7k lvl. If bulls can convincingly break through 9.8k lvl and find the support at the price lvl, then we can safely assume this little correction is over. No matter what your directional bias is, I would definitely keep buy orders between 7.8k-8k range as I still believe that is the price lvl where bullish reversal/bottom for this correction will take place. Until next time, happy trading
by Libratus
My $1k to $100k Challenge: Day 48 - Trade #50 MANAHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. Current streak of 7 profitable trades in a row. After 47 days and 46 completed trades: Wins: 23 Loss: 25 Balance: 0.1641 B USD: $ 1154 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. SELL WALL Strategy: What is a sell wall? Sell walls are essentially created by large blocks of sell orders at a specific price, that are at least 10% of the daily volume of that coin. The wall is created to prevent sell orders from executing at a higher price than the price set for the ‘wall’ and causes downward price pressure on a given cryptocurrency. It is the reason why sometimes a certain coin’s growth is slowed down or stunted in the short term. What is the Sell Wall strategy? Wait for the wall to get bought out and passed then enter position on the trade. Through my research, I found that when the price eventually passes this wall, that means a bunch of buying momentum has gone into this coin. Our goal is to ride that wave since the price is no longer being suppressed. Sell Wall Strategy stats: Wins: 129 Loss: 25 Win %: 83.77% Cumulative profit: 776% Alright, here we go with Day 48 trade #50 I invested 0.08 B into MANA. I bought 7266 @ 1101 satoshi My Sell targets are: T1: 1157 5% SL: 1057 In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
Long
by redking75
2
TRX falling wedge pattern breaking soon.Has a chance to break downwards or upwards. But I think it has a greater chance of upward movement and this is why: Stoch RSI is touching the 30 line, and when it crosses north of 30 it should be assumed to entering bullish trend. RSI is showing around 35, just recently recovering from oversold territory. Wait for 4h candle closeout to confirm current trend will continue bullish. I am looking at 4hr macd and waiting for it to flip to bullish. Bullish divergence is evident as we are seeing lower lowers while RSI is seeing higher highs; pressure is building But it ultimately depends on what BTC is going to do, and whether the switch that sucks up alt-coins market cap while BTC pumps is turned on or not. I have been eyeing the sell wall to burst through 11kUSD on coinbase and it has ballooned from last night's sum of a 700BTC sell wall, 12 hours ago to a sum of 1200BTC sell wall. It currently looks like BTC will have a good amount of difficulty moving past 11k and could possibly bounce off resistance and trail downwards for a few days, meaning a great opportunity for Tron to gain back some of its market cap. -Glen
Long
by glencastleberrry
2
ARK Manipulation Exploration - Sell Wall 10/18/2017Last night as ARK began to recover a Sell Wall was placed to force the price back down, as has been done numerous times over the past few weeks. I've captured one section of the Sell Wall in the Bittrex Order Book and have highlighted where in chart the sell wall occurred so that others can see the effects of this manipulation. I've also highlighted a previous Sell Wall reaction, though I did not capture that sell wall in the Order Book at the time. Photo of Sell Wall on Bittrex: i.imgur.com Once the climb began, a "whale" put down 26k ARK up for sale in the form of a Sell Wall, effectively staunching growth. The price of continued growth would be, in this Sell Wall's case, 14 BTC, or ~75,000 USD. As of now, the 24 hour volume on Bittrex is at 302 BTC, meaning this sell wall being taken down would have been attributed to nearly 5% (~4.7%) of the daily volume. Thus, a large investor is seen to be holding the price down, presumably to accumulate more themselves before they allow a "moon mission", as is typically the case with ARK, historically. One last note: this sell wall is small, I have seen two whales come together on Bittrex and force a 100+ BTC wall when we were nearer to 60k Satoshis.
by jmga
13