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RE: Quick Trading Update.. Whats my plan for Ethereum?
Hey Luc, I've been watching a bunch of your videos and it's being very insightful. Thanks for doing this! Quick question but do you know why when trading ETH for e.g. people would be putting up these sell walls which quickly disappear once it starts to chip away? AFAIK there's no shorting feature yet, so why would anyone want to prevent a price from going higher if they held that much coin? Thanks!
those are Market Maker games.. often large orders will show up on the bid or ask to influence the retail inverstors to move the price.. if there is a large bid then some traders will buy the ask thinking there is alot of support.. but then the bids disapear and there seems to be more sellers now on the ask, so traders will begin selling, and the big guys flashing these large orders just made the spread... they design trading bots to try to move around the weaker hands and make a bouncy market.. its normal stuff.. its actually a good sign, that ETH is healthy and worth the big guys writing these trading algos for..