The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price.
How could I tell if its someone attempting to manipulate the market, or just selling their btc? You seem very knowledgeable and I'm looking to learn.
the wall gets tested with a few hunders coins
if it holds then ya... someone really does want to sell and its not a "fake wall"
but i think even the "fake walls" are real, they just got scared and pulled out, trying to get a better price
after you've looked at and traded on the market, you'll start see that... believe it or not the bids and asks are people trying to buy or sell.
and all my experience tells me 1 of 2 things will happen now
the wall gets bought and we keep going up
OR
the books are flipped and we start going down
if you see more asks pill up...