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Crypto Signals
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BTS Correction before next jump
Take attention, ETC could breakout in next few hours, buy/sell orders looks bullish too...
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Thank you, good night 🤗
Hello dear friends, how are you? I hope you are doing well. I am going to share now session about buy and sell walls and how to recognize fake buy and sell walls. I hope you will enjoy it. 😉
First of all, I am sorry because this session should be shared yesterday but I was busy and I went to sleep that's why I will share now. One more time, I am sorry 🙏😔
Best place to check buy and sell walls for me is Poloniex and most realistic. For example, I do not like buy/sell rate on Bittrex because it is not realistic. It is not possible to have only 5 BTC in whole buy orders that's why we can see big dump on Bittrex. I am using only Poloniex for checking buy-sell orders and I suggest you to do that. Where to find buy and sell orders on poloniex?
FIrst of all, you have to choose pair, let's say BTC/USDT, then scroll down and you will find this👇
Green color repesents buy orders, red represents sell orders
I am explain step by step because I know there are a lot of newbies so I want to help them to learn too
Buy orders are support for coin to go up and sell orders are resistance
So, you will say that BTC has more buy orders and it will go up? But do not watch full photo, because if BTC start to going up, orders couldbe changed easily. Orders are used to predict short-term trades, so for holding, buy-sell orders are almost useless. If you are following BTC/USDT you will know that buy/sell rate is almost same. So, I used to check few times per week and it looks mostly like this. You can check in few days, everything can happen but in 70-80% situation you will fins something like this. But do not watch full photo. Watch only one part and check photo below to see which part
This is most important part. If you watch full photo you will think" Oh there are more buy orders, BTC will go up" but you could finish in loss because most important part is in this red square
So this square is showing that BTC has more sell orders than buy orders in that area and it is most likely to stay at that price or go a little bit down. But buy and sell orders are changable and it could be changed in couple of minutes so I am using them only for quick profit or to deicde where to post buy order.
What you can predict with buy-sell orders?
As I said, it is mostly used for short-term trades ( hourly trades ) and for quick proft up to 5%. But to do that, you have to be very good trader, to be very good in TA ( Techncal analysis ) and TA + buy/sell orders can be great combination for short-term trading.
But also, whales are using buy/sell orders to find pumpable coin. What is pumpable coin? It is mostly low volume coin with very small sell orders. I will send you example below
I can't find best example but this could help you. Pumpable coin doesn't need support ( buy orders ). They just want coin with small sell orders
They are mostly owning a lot of money and then they will post buy order to represent support. I will try to draw something like that
When you see something like this and it is already 5-10% up, stay away from that coin. Whales are trying to push coin and these walls can be canceled anytime.
Only if you find this and coin is not up, you can try to buy but it is not recommended if you do not have experience.
So this is fake wall posted to try to simulate real wall so newbies will jump in, but thinking that this coin has huge support, then walls will be canceled and you will finish in loss. So, one more time I am not recommending to trade when you see this because walls could be canceled anytime.
If you find something like this, it is fake 90%.