Post
Topic
Board Speculation
Re: Newbie Trading Basics 101
by
julz
on 03/08/2011, 04:56:35 UTC
I'll finish reading right after I put up a 15k BTC ask wall at $12.

That's awfully bullish of you.  My 15k BTC ask wall is going at $11.80.

If the price hits 11.80 will all those coins you have a buy order for drive the price significantly? Whats the purpose of a "wall"?

Wait.. so is an 'ask wall' a sell order to stop bids.. or is it a buy order to block the asks?
My first interpretation was it's a sell order Tongue