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Huge sell wall on poloniex

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34 minutes ago, Invincible said:

Another 10 mil wall added at 7158 and couple big orders under it.

Screenshot_2018-07-13-19-31-00-051_com.android.chrome.png

Somebody knows xrp is gonna be classified as a security soon 

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12 minutes ago, Merxy said:

Somebody knows xrp is gonna be classified as a security soon 

I think you're on to something... SELL SELL SELL

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13 minutes ago, Merxy said:

Somebody knows xrp is gonna be classified as a security soon 

This has been going on long before the security debate.

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15 minutes ago, Merxy said:

Somebody knows xrp is gonna be classified as a security soon 

I haven't discounted this as a possibility, but the more I think about it, the more sure I am it won't be deemed a security. I'm simply going to buy more when I think we're close to the end of the bear market, which unfortunately I don't think we're near yet.

And if there's an announcement saying it's not a security, I don't expect more than a 5-10% swing up, in this bear market.

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1 minute ago, Elitefoo said:

This huge sell wall has appeared before all major bullruns fyi.

 

Like 1-1/2 months before all the bullruns.

While you're on this topic, is that when you expect the bear market to end? In about 2-4 weeks?

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1 minute ago, Elitefoo said:

This huge sell wall has appeared before all major bullruns fyi.

 

Like 1-1/2 months before all the bullruns.

Exactly! It's there tactically.

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52 minutes ago, Elitefoo said:

This huge sell wall has appeared before all major bullruns fyi.

 

Like 1-1/2 months before all the bullruns.

Here is a teori: The bear market is close his end. Those who triggered the bull run are selling the stock left to buy cheaper (30 cents) and trigger the next bull run.

Now they are very close to their inicial buy price. 

Please any opinion is much appreciated.

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2 hours ago, Elitefoo said:

This huge sell wall has appeared before all major bullruns fyi.

 

Like 1-1/2 months before all the bullruns.

Yeah, I'm having flashbacks of fall 2017: "Every time bitcoin goes up, xrp goes up - but not as much, but when bitcoin drops then xrp drops even harder"

Sell walls such as this one would be the reason why.  Assuming that history repeats itself then the next step will be for BTC/ETH/BCH to rally while xrp remains relatively suppressed.  Once investors jump ship for other cryptos at that very moment the sell wall lid is removed and launch sequence initiated.

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