From the looks of this rollercoaster Resistance @ 20 and Support @ 10. Ride it, throw your hands in the air and have a hoot. Hopefully increased volume in other, more transparent, markets will stabilize things.
Edit: After MtGox hack.... Down w/ MtGox!!!!
Topic: Mt. Gox Depth Chart - Hidden tails (Read 1394 times)
I definitely agree. It's misleading in that, if you didn't know that the order book was cut off, you'd potentially assume that there's a lot less support than there is. In IRC, during the crash from 32, a lot of people thought that there were only $60k worth of bids that existed, when that's only what was being shown to us. This kind of thing probably contributed a lot to the lack of confidence, especially because the window seems to show more of the ask side of things than bids, making it seem like there's a lot more downward pressure.
Also, the movements of bids and asks far removed from the current price are very telling.
Also, the movements of bids and asks far removed from the current price are very telling.
I would like to see the full order book too. Its hard to analyze the market w/o it.
Does anyone know why all bids and asks are not displayed for the Mt. Gox depth chart?
Also, does anyone know how the range of displayed orders is determined?
For example, now I can only see orders ranging in price from 11.98 to 19.46. Nothing higher or lower.
Thanks
Also, does anyone know how the range of displayed orders is determined?
For example, now I can only see orders ranging in price from 11.98 to 19.46. Nothing higher or lower.
Thanks
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