Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
DirtyKeyboard
on 10/12/2023, 21:06:06 UTC
-gif-

That 24 hour review does end un highlighting the poofed-ness of that wall, and such poofed-ness might cause some of us to wonder whether it is going to come back or not.  That is one of the interesting things about actually noticing walls, and wondering if they serve some kind of a purpose, and sometimes they will also move quite a bit, and it can be a kind of demonstration that some entity either has coins to sell (on the ask side) or money to buy BTC (on the buy side), and surely one of our favorites do play out if the walls are eaten rather than moved around and there have actually been some times in which walls were eaten really quickly, which will sometimes cause some of us to speculate that maybe the bluff (or the play) did not end up working out as planned. . but that it is one of the risks that any whale takes when s/he might be trying to keep the price within a range, and the play does not end up working out.. getting back to the idea of fake walls versus real walls, and it is difficult for anyone (outside of the person who put it up) to really know if the wall is real or fake.. we can ONLY infer.

I couldn't tell if the wall was out of frame or moved/pulled. It does seem to wash down towards the spread.  3 hour Wall recap

The wall could have also been sort of random.  If you've worked at a restaurant you might have noticed times that there were no customers for hours, and then out of no where everyone seems to just start piling in.  That was a pretty steep wall, but it was on a very round number.

is the wall gone?

Feels like it's out there somewhere, just biding its time.