LOL, Suppression is really trying to hold 0.01370000
137 down from 100btc to 10.
for you noobs this is a common shakeout accumulation technique where a whale is dumping into his own bids to keep bid side down while tryinhe he g to hold a sell wall and accumulate everything that weak hands throw below that wall.
resistance shattered maybe he got his full?
24hr Volume:
10082.01813790 BTC / 807685.86229093 XMR
Can you dumb down your posts a tad for us noobie morons, please. Serious. Probably some good intel you're sharing.
Read it carefully a couple more times.
Everything he is saying is petty clear if you stop and digest each word.
Petty sure at least one player is done now anyway..
"137 down from 100 btc to 10"
Does this mean that a whale pretended to want to sell 100 btc worth (a wall's worth) of XMR (in effect suppressing price down to 0.0137) but then changed his mind (or wall/resistance got bought up(?)). The implication is that with a big offer of selling at 0.0137, other weaker hands will sell just above this point, right into the whales hands?
Then the fact that the price dropped below this point means the whale definitely filled his buy needs but is technically slightly down in value (for the moment because he thinks demand will go up from there...whales are usually smart?)
"A whale dumping into his own bids"
This is the weird one. So a true whale can drive price down to this 100 btc sell wall (0.0137) ? I guess so since the market cap can easily be influenced by tens of btc's. Seems too easy...
Which brings up a buy wall? Is this where a "whale" puts up a big buy price lower than the current market price to implicate a stronger demand at that lower price?
The volume ratio is showing the relative trading activity, with XMR much higher than usual?