Topic: BITSTAMP eXchange wall Observer. second biggest and best exchange - page 29. (Read 89337 times)
October 10, 2013, 02:07:14 PM
You need to change the topic: "Biggest and second worst exchange".
October 10, 2013, 01:27:58 PM
NEW BID WAL!
go see go see!
go see go see!
October 10, 2013, 05:25:27 AM
127 again.
every time we approach that mark somebody offload a bunch of coins. 2k sitting now around 126.
every time we approach that mark somebody offload a bunch of coins. 2k sitting now around 126.
October 10, 2013, 01:33:42 AM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
Doesnt matter, the Chinese markets will have different resistance levels due to different investors and lower volume.
They clearly broke resistance that Gox and Stamps have yet to defeat
and it wasn't easy, if btc charts was working you could see the surge of volume that allowed them to break the resistance. ( i'm sure you saw it earlier... anyway )
maybe the chinese people just got overly excited and don't actually have enough steam to sustain the price, but so far so good over there
Not sure if gox and stamps can follow, the resistance is maybe too strong, some unexpected good news could do it ( ex. secondmarket says they sold all their bitcoins are loaded the boat and are now ready to satisfy more clients! )
October 10, 2013, 12:31:47 AM
Actually no, I had not known of the volume spike. Have any charts? I guess i assumed the resistance levels wouldn't work out 1:1 with the USD exchanges, since most of it is psychological.
October 10, 2013, 12:28:27 AM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
Doesnt matter, the Chinese markets will have different resistance levels due to different investors and lower volume.
They clearly broke resistance that Gox and Stamps have yet to defeat
and it wasn't easy, if btc charts was working you could see the surge of volume that allowed them to break the resistance. ( i'm sure you saw it earlier... anyway )
maybe the chinese people just got overly excited and don't actually have enough steam to sustain the price, but so far so good over there
Not sure if gox and stamps can follow, the resistance is maybe too strong, some unexpected good news could do it ( ex. secondmarket says they sold all their bitcoins are loaded the boat and are now ready to satisfy more clients! )
October 10, 2013, 12:19:06 AM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
I would give my left nut to be able to speak/read Chinese these days. I would be so interested to know all the details of what is going on over there.
From what I hear, those are two entirely distinct skills (speaking Chinese and reading it).
October 09, 2013, 11:09:51 PM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
I would give my left nut to be able to speak/read Chinese these days. I would be so interested to know all the details of what is going on over there.
October 09, 2013, 11:06:06 PM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
Doesnt matter, the Chinese markets will have different resistance levels due to different investors and lower volume.
October 09, 2013, 10:41:10 PM
These dumps and asks walls have been happening the entire past 2 months. Obviously a whale or a few whales have decided to capitulate around 127. If you look at bitcoin's history, it takes tons of volume to break past these major resistance levels and go into a rally. If we only do low volume, there will just be endless walls, and tiny fake breakouts followed by brutal market sells and new walls.
China broke, killed, destroyed this resistance.
October 09, 2013, 09:37:58 PM
Market depth on the bid side is still a sad topic
it was looking good this morning but now these two big walls again....
but don't be to worried the bid side has been obviously down played for months now. their is way more depth on the bid side than is actually shown.
There was 6k on 120 earlier, now only 4k.
Bid side is actually worsening despite the healthier bid sum.
Another 1k ask on 127, btw.
October 09, 2013, 09:30:05 PM
their is way more depth on the bid side than is actually shown.
how does that work?
Fiat on the sidelines not currently in an order...
But there are also many more BTC available than the ask side shows. There are a lot of people who will market sell when it gets to their price rather than fighting for the top
October 09, 2013, 09:21:38 PM
their is way more depth on the bid side than is actually shown.
how does that work?
October 09, 2013, 09:16:46 PM
Market depth on the bid side is still a sad topic
it was looking good this morning but now these two big walls again....
but don't be to worried the bid side has been obviously down played for months now. their is way more depth on the bid side than is actually shown.
October 09, 2013, 09:02:51 PM
Market depth on the bid side is still a sad topic
October 09, 2013, 08:35:18 PM
if i remember correctly, both big ask wall at the front were not their a few hours ago.
October 09, 2013, 08:31:27 PM
lol, just switched to trading.i286 bitstamp and saw the ask graph take a huge jump
New 1k ask on $127
New 1k ask on $127
there has been some big walls ~500BTC placed at the front line, and then eaten!
I saw it happen once today, it literally took seconds....
i'm on the phone with my dad, hes looking to sell and price is 125.5, i tell him ask for 127, seconds later a big wall pop-up at 125.5, i'm like fuck it hit the market sell.... seconds later the wall is eaten and price moves up to 127.5
and yes, asks are definitely piling up, despite the large market buys.
October 09, 2013, 08:14:09 PM
lol, just switched to trading.i286 bitstamp and saw the ask graph take a huge jump
New 1k ask on $127
New 1k ask on $127
October 09, 2013, 06:58:17 PM
If I remember correctly the same was happening one evening before SR shutdown.
Correct.
October 09, 2013, 06:57:45 PM
If I remember correctly the same was happening one evening before SR shutdown.
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