spooderman
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October 05, 2014, 10:19:09 PM

lol dat wall

what is the correct analysis of an ask wall that size?

Bearish because many btc to be sold?

Bearishbecause it all belongs to one guy?

Bullish because that one guy is alerting us to the fact that it's only him that desires the price to fall?

Generally I feel it will just grind the market to a halt as everyone is too afraid to attempt to make an informed decision because the market is obviously dancing to the tune of one person.

Maybe it's there to bring about some peace?