Post by
brad129 on Jul 08, 2020 10:04am
Wall
Boy it is nice seeing that .055 wall torn down let's see if we can get a green day.
Comment by
Bully88 on Jul 08, 2020 10:05am
its coming! we will have our break out soon enough
Comment by
AngelMan92 on Jul 08, 2020 10:09am
The wall stays at 5 cents unfortunately, that 4.7 million dump on our chests really melted things down even now. I hope y'all took advantage of it as I have hahahh
Comment by
Bertz24 on Jul 08, 2020 10:14am
Wrong.. Looks like those 0.055's were gobbled up fairly quick. Good volume on the day already too. Something in the air today?
Comment by
AngelMan92 on Jul 08, 2020 10:22am
Yeah lets end at 3$, that'll be cool
Comment by
Bully88 on Jul 08, 2020 10:31am
i was wondering if one of you fine gentlemen/gentlewomen/ gentlebeing teach me about this "wall" you speak of. What does that mean? where do i see this? how do you identify it? etc I would like to learn something new today :) Thanks!
Comment by
Bully88 on Jul 08, 2020 10:35am
this kind of explains it but im still a little foggy and hoping someone can explain it a bit better https://www.reddit.com/r/CryptoCurrency/comments/7nqts3/sell_walls_what_they_are_what_they_do_and_how_to/
Comment by
AngelMan92 on Jul 08, 2020 10:45am
The way I understand it is that a wall is the bid/ask that keeps the price from budging a certain direction. For example, when the 4.7 million dump at 55 happened here, the stock didn't drop lower than five because a wall was set at 5 by an ask volume of about 9 million daily. So it just went back and forth until the ask was depleted and now the stock can rise again
Comment by
AngelMan92 on Jul 08, 2020 10:49am
in other words, it's a large volume bid and ask that keeps the stock from moving
Comment by
Jonnyboy85 on Jul 08, 2020 10:09am
This post has been removed in accordance with Community Policy
Comment by
AngelMan92 on Jul 08, 2020 10:14am
Bankruptcy is what he deserves for the crime of being more annoying than a fly :))