Topic: oh joy (Read 4732 times)
Indeed. Breakout is imminent.
I hear Proactiv has a number of creams and face-scrubs for that... 
Indeed. Breakout is imminent.
k so here's what i'm thinking
these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6"
the market will respond in 1 of two ways
1) fill the order
2) make a counter offer
since 4.6 is a really low price i think #2 is more likely
we'll see a nice big fat ask wall form around 4.8
at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4
edit:
secret option #3
order will not be filled
counter offer will not appear
which means up up up
these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6"
the market will respond in 1 of two ways
1) fill the order
2) make a counter offer
since 4.6 is a really low price i think #2 is more likely
we'll see a nice big fat ask wall form around 4.8
at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4
edit:
secret option #3
order will not be filled
counter offer will not appear
which means up up up
looks like we are going for secret option #3 , oh joy!
I think the "pump & dump" Hunterbunter referred to is mostly just teh bots. I've seen a few popular ones the last few days, and the quick visual backtest suggests many people using the same few very simple, very predictable bots.
I do like this wider range we've been in. Much easier to grab a few pips every day
I also like those really solid walls - a clear clear bottom or top to work within.
I do like this wider range we've been in. Much easier to grab a few pips every day
I also like those really solid walls - a clear clear bottom or top to work within. 
Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
lmao, this is why you won the poll proudhon
+1
+1 +1 lol
Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
lmao, this is why you won the poll proudhon
+1
Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
Good to see you're still dancing with the bear
Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
don't forget to "cover" up before you go to sleep.
Just got home from work. I've seen this before. Don't care. Price will probably be lower in the morning. Good night.
the longer this wall stays in place the more buying pressure sellers will feel. shorts will start to get nervous and we've already seen some short covering i'm sure. the price should slowly rise; or even faster if the buyers forming the bid wall get impatient and decide to start hitting the ask prices.
Thanks, I understand it a little better now. But I don't understand how to factor in the graphs with the lines. On orange, you can buy 80,000BTC at $4.20?
It means if you sold 80,000 right now at market price, it will push the price down to $4.20, because you'd "eat up" all the orders of people offering to buy.
another way to say it is that if you go from the right end of the orange line up the mountain to the left, you are cumulatively stacking the number of btc's to be bought at a certain price on top of the btc's to be bought from the previous prices.
k so here's what i'm thinking
these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6"
the market will respond in 1 of two ways
1) fill the order
2) make a counter offer
since 4.6 is a really low price i think #2 is more likely
we'll see a nice big fat ask wall form around 4.8
at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4
edit:
secret option #3
order will not be filled
counter offer will not appear
which means up up up
these bids walls are for real.. someone i making a statement "i want to buy XXXXX coins at 4.6"
the market will respond in 1 of two ways
1) fill the order
2) make a counter offer
since 4.6 is a really low price i think #2 is more likely
we'll see a nice big fat ask wall form around 4.8
at which point we will be in stand by of take off mode, just like 2 weeks ago when we went from 4.8 to 5.4
edit:
secret option #3
order will not be filled
counter offer will not appear
which means up up up
Thanks, I understand it a little better now. But I don't understand how to factor in the graphs with the lines. On orange, you can buy 80,000BTC at $4.20?
It means if you sold 80,000 right now at market price, it will push the price down to $4.20, because you'd "eat up" all the orders of people offering to buy.
what does this all mean 
is price going up/down/around/under .....
is price going up/down/around/under .....Yes!
^^ I KNEW IT! ^^
anyone see this wall being tested yet?
i mean if the price drops to the wall and the wall holds that would be ... a first
i mean if the price drops to the wall and the wall holds that would be ... a first
It'd be fun, but perhaps not a first... I'm pretty sure I've seen large walls get eaten alive by huge selloffs before. Maybe I was hallucinating though. The walls probably weren't as large as this one though.
Yeah I've only ever seen 10-15k walls get eaten alive by actual sales...was an awesome sight.
I never understood the meaning of the line on the far left (orange), and far right (blue). The middle green one is pretty straight forward. Anyone care to explain to an economics noob what I am looking at here? 
LOL sure!orange is people trying to buy coins, hover your mouse on this line and you will see how many coins is required to bring the price down
blue is people trying to sell their coins, hover your mouse on this line and you will see how many dollars is required to move the price up
right now we see someone is trying to buy a fuck load of coins really close to last price.... when we first see this, we are filled with joy
, but then we think, well may someone is just flashing their money trying to bring the price up 
one of them may be starting to hit the asks right now.
what does this all mean is price going up/down/around/under .....
is price going up/down/around/under .....Yes!
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