Lot of little geeks in the crypto space as well as greedy bastards that are indeed creating sell walls and buy walls to line their own pockets. On CoinBase alone there are several thousand orders pending up to $105 forming a resistance zone, then up to the $150 over 30K LTC on the books. This is the sort of price manipulation that is frustrating to press the price down unless of course there are bulls with fat pockets to blast past this which there are and the orders will fall off to adjust.
So for your noobs, if you wonder why the price stays down this is because of 1.) Greed from sellers to take profit and avoid taker order fees so they place their orders on the book in mass numbers , 2.) greedy whales to control shorts create sell walls to press the price back down. If you don't know what a sell or buy wall is , please look it up.
So for your noobs, if you wonder why the price stays down this is because of 1.) Greed from sellers to take profit and avoid taker order fees so they place their orders on the book in mass numbers , 2.) greedy whales to control shorts create sell walls to press the price back down. If you don't know what a sell or buy wall is , please look it up.
Comment:
Anyone notice how manipulative Asia is once they wake up ? They are bearish in my opinion and lots of it ... taker maker orders to slowly grind the prices down , large sell offs , etc.