Bitcoin Wisdom bugged ? Should be fixed ?

AirFlame

hero member

Activity: 784

Merit: 500

Quote from: EvilPanda on January 23, 2014, 07:30:54 AM

Quote from: AirFlame on January 23, 2014, 06:22:06 AM

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

This trade you posted doesn't seem to be the one from the screenshot. Both the price and the ammount are diferent.

Quote from: Rannasha on January 23, 2014, 04:18:04 AM

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

Didn't know that, thanks for explaining.

No, no. This code is random from the api of bitstamp. And there is no info about if it's sell or buy

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: AirFlame on January 23, 2014, 06:22:06 AM

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

This trade you posted doesn't seem to be the one from the screenshot. Both the price and the ammount are diferent.

Quote from: Rannasha on January 23, 2014, 04:18:04 AM

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

Didn't know that, thanks for explaining.

AirFlame

hero member

Activity: 784

Merit: 500

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: EvilPanda on January 22, 2014, 10:45:50 PM

Quote from: Rannasha on January 22, 2014, 03:32:48 PM

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

That's possible, but it still looks strange as the API showed 2 different readings at once - one that looked like a giant sell candle and the buy in the right column. If the API had a problem interpreting the data it should be wrong (as inconsistent with the actual market trade) in both the graph and the column.

The candle and trade history are not necessarily inconsistent with eachother. The colour of the candle is only determined by the last/close price compared to the opening price of that candle. If the close is lower, the candle is red.

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: Rannasha on January 22, 2014, 03:32:48 PM

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

That's possible, but it still looks strange as the API showed 2 different readings at once - one that looked like a giant sell candle and the buy in the right column. If the API had a problem interpreting the data it should be wrong (as inconsistent with the actual market trade) in both the graph and the column.

Quote from: BreathOfZen on January 22, 2014, 03:24:06 PM

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810. you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

Yes, looks like the transatcion was really a sell (large dump) and the candle shows the real transaction, the trade column on the right shows the sold btc in green by mistake.

BreathOfZen

full member

Activity: 140

Merit: 100

Quote from: AirFlame on January 22, 2014, 05:20:16 PM

Quote from: BreathOfZen on January 22, 2014, 03:24:06 PM

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810. you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

I have checked mtgox, BTC-e, Huobi and there was no sell more than 2btc. I don't think bitcoin wisdom dont know what is sell and what is buy. They use API i think there is a error in the code they use.

If a single person had a large stash to sell on Bitstamp, why would you expect there to be large sales on other exchanges as well?

AirFlame

hero member

Activity: 784

Merit: 500

Quote from: BreathOfZen on January 22, 2014, 03:24:06 PM

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810. you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

I have checked mtgox, BTC-e, Huobi and there was no sell more than 2btc. I don't think bitcoin wisdom dont know what is sell and what is buy. They use API i think there is a error in the code they use.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

BreathOfZen

full member

Activity: 140

Merit: 100

Quote from: EvilPanda on January 22, 2014, 02:44:34 PM

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810. you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: BreathOfZen on January 22, 2014, 01:24:54 PM

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

BreathOfZen

full member

Activity: 140

Merit: 100

What is the problem?

AirFlame

hero member

Activity: 784

Merit: 500

Ok today i was watching charts and this shit comes up. This is funny and suck because people that watch this charts can shit pans and start selling BTC. I think this site must be fixed. What do You think ?

Topic: Bitcoin Wisdom bugged ? Should be fixed ? (Read 683 times)