Topic: Removed. (Read 2164 times)
Looks like my price analysis is becoming a reality. If we break the $350 level, I think we'll slide right past $340 and down to $330s. Still trying to figure out how to analyze the multiple exchanges together for a better buy/sell timing though.
It somewhat like stabilizing this time of the month. Unlike last month where BPI is very very woobly. I couldnt guess what would happen next.
Order books are essentially L2. When I day trade stocks, the most helpful predictive factor is L2, and I only close buy/sell in no more than 5 minute intervals. I think short-term / long-term is subjective. I do agree that there's heavy manipulation going on though.
interesting. can you recommend any good L2 indicators worth paying attention to?
$350 will be the bottom.
You really cant predict short term price movements based on the orderbooks.
The past 3 weeks with strong downward pressure had only a very thin selling orderbook.
A few big players trying to play the market while it's still immature and emotional.
The past 3 weeks with strong downward pressure had only a very thin selling orderbook.
A few big players trying to play the market while it's still immature and emotional.
Log-linear trendline from 2013 is broken already. But the trendline from 2011 not yet.
I'm agree with you - bulls are trying to curse reality. Even if price goes to 500, downtrend won't reverse. It is too early.
Too early according to what?
I'm agree with you - bulls are trying to curse reality. Even if price goes to 500, downtrend won't reverse. It is too early.
Going to over $390 for next few hours.
I doubt itI was just the single movement of a big one trying to stop the fall
But the fall is not going to be avoided
we'll reach at least 350$,and we'll see if we go further when it reaches that point
You sold exactly as they wanted you to.
Now you will have to buy back at a loss.
Now you will have to buy back at a loss.
Going to over $390 for next few hours.
The ask looks really thin right now and has looked fairly thin all day. That's why I didn't put a timeline on the $340. I think it's inevitable, but perhaps not immediate. That wall disappeared but it seems more spread out now. Pressure is still there.
The order book is constantly changing. There are now far more buy orders than sell orders.
http://s24.postimg.org/3nt1mpoj9/bitstamp15.png
Order book is irrelevant
I never trade based on order books, and even then, I wouldn't actively day trade on Bitstamp.
Things seem to be changing, the price is back up to $383 and the big sell wall is gone.
http://s23.postimg.org/rvpmkhwkb/bitstamp12.png
http://s23.postimg.org/rvpmkhwkb/bitstamp12.png
It's not stacked, just one big player.
Removed.
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