He bought? DUMP IT!

This is a very common thing to happen in crypto for most of people, specially newer ones, that it feels like every time they buy a coin it dips and every time they sell it, it immediately pumps. While no one can predict the future in this crazy world but you can seriously reduce the times that this happens to you just by knowing few terms and checking them before buying or selling. You dont need to be a trader to know these kind of stuff, every holder should know them.

If you buy close to a sell wall or sell before a buy wall it looks like your coin does exactly the opposite thus the term HE SOLD? PAMP IT.

so I start with a sell wall.

What Is a Sell Wall?

A sell wall is a significantly large sell order(s) placed at any price level, which can likely cause the price to drop substantially. It can be placed by anyone, especially high-net worth individuals or whales to manipulate asset prices to their advantage, although others can also help add to that order.

When placed intentionally by large holders or whales, it’s often put without any intention to buy from other traders at such levels, but rather to bluff others to place their sell orders below the wall, causing downward price movement.

A massive sell wall indicates that the available supply will soon increase once a certain price is right, thereby driving down both demand and price. Traders then preemptively choose to not buy at that price or to sell off their asset at a lower price, creating shorting opportunities for whales.

Sell walls create resistance points in charts. It means people are betting a lot of money for example BTC to go lower so they can buy it back at lower prices and bag the difference.

There are many ways for finding a sell or buy wall or resistance and support of any coin, but easiest one is to take a look at a depth chart which you can find in many places like Livecoinwatch.com etc.

Place your buy or sell order after knowing the limit of support or resistance at any time so you can reduce the times in which you feel like shit.

This is the BTC depth chart right now. Longs called BIDS, Shorts called ASKS. as you can see there is big sell wall at 46846. 4million buying 88million selling.