Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
On our local exchange here in AU, there is a constant wall on both sides that is almost identical, that is constantly moving. When i query them about it, they said it was someone who was marking the market...
Yep. It's a way to manipulate the market. If I have a bunch of Bitcoin and I want to buy at 50, I put up a sell wall at 50.1 and everyone who wants to sell has to sell below that. It doesn't always work though and it's funny to see a sell wall get eaten into because sentiment changed and it didn't get taken down soon enough.
BTC is in in Impulsive wave now and once it gets completed ,we believe that end of this would be around 50K---51K based on Fibooancci structure or even 54K
https://www.tradingview.com/chart/BTCUSD/FzRuLfHQ-BTCUSD-is-completing-Elliott-impulse-wave-12345-and-soon-ABC/