Prepare for the wave - page 4. | Bitcointalksearch.org

n691309

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Quote from: flagpara on November 25, 2015, 06:19:55 AM

-snip-
As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

Well the number of traders that put these numbers isn't always the same, the price can be pumped very fast if traders/big exchanges want to, maybe this weekend will be neutral no dump or pump.

XCASH

legendary

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Quote from: flagpara on November 25, 2015, 06:19:55 AM

As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

The number of buy orders vs sell orders is meaningless because traders who want to manipulate the market put up huge orders to try frightening everyone into buying or selling when it suits them. Those giant orders are frequently removed if the price gets close to them because they are fake orders that a manipulative trader doesn't intend to allow them to be executed.

NorrisK

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If you are using cex.io to look at market depth, something is quite off. It is a minor exchange in bitcoin volume, so it has hardly an impact.

Look at stamp or the chinese exchanges and use those graphs, should give a much better view of how it is.

dloghwak

sr. member

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Quote from: Feri22 on November 25, 2015, 11:59:10 AM

Quote from: darkangel11 on November 25, 2015, 11:21:55 AM

Why should it raise on black friday? It would be more natural for it to go down since people want to buy stuff and stores accepting bitcoin don't accumulate but dump.

source?

It's already one year old but should give you the answer.
tldr: half of them go full fiat, 10% full bitcoin, remaining 40% take a mix.
https://www.cryptocoinsnews.com/more-than-4400-bitpay-merchants-keep-bitcoins/

Feri22

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Quote from: darkangel11 on November 25, 2015, 11:21:55 AM

Why should it raise on black friday? It would be more natural for it to go down since people want to buy stuff and stores accepting bitcoin don't accumulate but dump.

source?

darkangel11

legendary

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Don't let others control your BTC -> self custody

Why should it raise on black friday? It would be more natural for it to go down since people want to buy stuff and stores accepting bitcoin don't accumulate but dump.

flagpara

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Quote from: lumeire on November 25, 2015, 08:56:50 AM

Quote from: flagpara on November 25, 2015, 06:19:55 AM

I firmly believe in a near btc price rise, because of the coming halving and the black friday trend (more than 1000$ last year) and i saw something strange on cex.io:

As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

It wont matter much, since CEX only has 0.31% ($ 101,239 ) of the market volume as per CoinMarketCap. It's too little to be significant. Of course, it's another story if you'd see the same trend in OkCoin, BitFinex, and BitStamp, which when combined has greater than a third of market volume.

You see i absolutely didn't think about that. Which makes my argument rather useless indeed. Thanks for the precision!

lumeire

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Next-Gen Trade Racing Metaverse

Quote from: flagpara on November 25, 2015, 06:19:55 AM

I firmly believe in a near btc price rise, because of the coming halving and the black friday trend (more than 1000$ last year) and i saw something strange on cex.io:

As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

It wont matter much, since CEX only has 0.31% ($ 101,239 ) of the market volume as per CoinMarketCap. It's too little to be significant. Of course, it's another story if you'd see the same trend in OkCoin, BitFinex, and BitStamp, which when combined has greater than a third of market volume.

richardsNY

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The price will just go up $10 and then go down $10. That's what we will see a lot more the comming weeks. As long as we can stay above $300 then we will surely see it go higher as the Bitcoin block halving is heading towards us.

flagpara

full member

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Quote from: talks_cheep on November 25, 2015, 07:39:29 AM

You DO know this is a "Speculation" forum???

Yes i know, but speculation doesn't mean you have to base yourself on nothing. Speculation can be made through logic and arguments, not just what "you felt while drinking your coffee and that big revelation you had while you slept"! Roll Eyes

talks_cheep

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You DO know this is a "Speculation" forum???

flagpara

full member

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Ok i know there are already lots of thread about how btc is going to go 400 or 1000$ in next weeks, but most of the time it's just people coming saying "it will" or "it won't".

Well i'm not an economist so i won't say i know, but i wish this thread will be used for people with facts and arguments, not just opinions.

I firmly believe in a near btc price rise, because of the coming halving and the black friday trend (more than 1000$ last year) and i saw something strange on cex.io:

As you see the market depht is closing, a week before there was much more sell order than buy orders, now it's 830btc buy order vs 710 btc sell order.

It means more people want to buy than to sell, logically the prise will go up.

Topic: Prepare for the wave - page 4. (Read 5794 times)