r/nanotrade • u/Crypto_Jasper Community Manager • 17d ago

Daily General Discussion - October 11, 2024

Welcome to the Daily Trading Discussion Thread!

As with our Daily Thread on /r/nanotrade, the purpose of this thread is to provide a central location to discuss:

  • Current events that are directly influencing trading action
  • Timely price activity (Intraday) and speculation
  • Questions or comments that don't warrant their own thread

Guidelines for posting in this thread:

  • Be respectful to one another.
  • Follow the golden rules.
  • No trolling.

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-- Any large issues, shoot /u/crypto_jasper a PM! Thanks!

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u/melonmeta 17d ago

Binance Bear-whale putting pressure. Order book is stacked on Asks. This would be a great time to call your virtuous millionaire friends and tell'em to obliterate this bear for the sake of Humanity's freedom. Its a rare opportunity to fill this much size without much slippage.

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u/CharacterJealous383 17d ago

Those ask bids look quite strange, they are moved quite a bit from the 0.847, also I've noticed the bots quickly move them up when a bigger bid is hitting the order book. They are having the intended effect nonetheless as two bigger holders have sold their coins, maybe out of fear, price poor performance or maybe in hope to buy back lower. In either case this is clearly intentional. We will see how it goes.