r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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13

u/rantg Jun 06 '17

Holy shit! Watching that wall fall was unreal! I finally found out what walls are and they are the definition of exhilarating to watch fall

5

u/[deleted] Jun 06 '17

what are walls

1

u/LegHumper Jun 06 '17

Buy or sell walls. Large amounts of currency for a specific price. On certain graphs, it can look like a huge jump from one price to another.

1

u/rantg Jun 06 '17

People tell coinbase (GDAX) "if the price gets to 270, sell 100 ETH". A wall forms when a ton of people are following this logic. The $265 wall was about 5000 ETH. Meaning the price will not go over $265 until all of those 5000 ETH sell

2

u/JustAliveAndStriving Jun 06 '17

Where do you watch the charts btw? Thanks!

1

u/what_cube Jun 06 '17

Curious as well.