Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18462. (Read 26713355 times)

He's a socialist academic in tenure at a tax-payer funded third world university ... what else is there to understand?

He's the typical scum that has bought humanity to its knees through a tragically-failed ideology and attendant rent-seeking classes. It's important for them that their world-view being destroyed by prosperity-generating examples of liberty in action is not exhibited to a wide audience.

I'm liking this going forward,can anyone help tis part going forward ?

Very intradesting.What language did you use?. Could you use it with, say, monero/btc?

who's ready for some Dragon-fried lambchop ... or a whole Dragon-roasted lamb-on-the-spit ?

666 is dead guys.....

it done, dead, over

here we go! 

Part, or all, of his self-identity is someone who knows more than everyone else.  Any milestone on the path to bitcoin emergence is a serious threat to his self esteem.

Ahhhhhhhh.



IGNORED

I think that you are doing the right thing by attempting to make assessments based on various time lines, but also frequently, we are going to see periods of lots of trade activity and some certain level of inactivity... and during consolidation periods (which can last for several days or even for weeks), sometimes it still will not do a whole hell-of-a lot of good to attempt to micro-analyze during those periods because nothing is really happening in any kind of meaningful way during such consolidation periods... but then all of a sudden, we may see a break out in one direction or another and then we may be able to attempt to look at how that break out seemed to occur (was the break out on relatively low volume or high volume and how long did it last and did it cause an additional battle and did it actually cause a break out if we zoom out further?)

I don't know exactly either, because it seems that you need to look at a combination of behaviors on an ongoing basis, and the order book can be helpful too (rather than merely looking at bars), but the order book can also be a bit of a reverse indicator (even though it still kind of gives you a sense of how many coins it will take to move the price by a certain amount (absent additional market orders that may complicate such conclusions)).

You can attempt to analyze one exchange at a time or you can look at multiple exchanges in order to attempt to get some better ideas because sometime one exchange will follow the other and you cannot be sure whether the parties know each other on the various exchanges or are merely leading, following and/or signaling trade direction.  Also, it is not always easy to determine which exchanges are leading and people come to differing conclusions regarding which exchanges are leading and when.. and sometimes, on one pump or dump there will clearly seem to be one exchange that started it, but it is not necessarily the same exchange leading every time.

Further, when the trade volume is low for a long period of time, then the price could remain in a small price range or could be slowly inching in one way or another, so in that regards, you may look at increases in volume to see if there is considerable buying or selling at the time that the prices move begin to move.  So if there is low volume, but then all of a sudden, you see 1,000, 2,000 or more BTC sold (or dumped) in a matter of minutes, then you would logically conclude that there is a lot of selling pressure at that particular moment.  There could be a lot of fiat ready and waiting at that price and then the big dump would not cause a lot of price movement, but then fiat  could be added ad hoc to cause a lot of resistance, and therefore, there is a bit of a gamble whether selling a bunch of coins, all at once is going to cause the price to move and sometimes breaking through resistance points can cause quick 5 or 10% downward price changes... and it is fairly obvious to see how that can be advantages for someone who wants to buy coins cheaper. 

Sure, in the end, every buy requires a sell and vice versa, but sometimes you are going to see more movement (slippage) in the price than other times, and when there is a lot of movement downwards we will determine that more coins are up for sale than are being bought and vice versa.

 I think that one of the latest series of theories over the past few months is that pushes for BTC prices to go down have been coming with a lot more volume and efforts rather than pushes for BTC prices to go up, so in that regard, buying pressure is greater than selling pressure... and that is reflected also in the upwards price movement overall during the period and difficulties bringing the price below certain price points $600, $550, $500 for example.

Nonetheless, even though there seems to be a bit of a pattern of higher volume attempts to push the price down and lower volume upwards price trickling, it remains unclear whether (or the extent to which) we are being manipulated by whales or if what we can identify is an actual BTC market dynamics in which the bears are having troubles keeping BTC prices down and attempting to get the price to go down.

Bearwhales dump a bunch of coins but those dumps are not very effective because the price trickles back up and does not stay down for any kind of meaningful time.. therefore overall more buying than selling (even though theoretically every buyer requires a seller). 

Sure, something else could be going on, and therefore, we continue to watch to attempt to read the BTC price markets and to attempt to make the most accurate guestimates regarding what is going on and the direction in which we expect BTC prices to go in the short-term and the longer-term and sometimes we may get the reading considerably wrong because we think that we see a certain dynamic going on then the BTC prices get manipulated in one direction or another beyond our earlier expectations because sometimes there are bigger players that could be hiding some of their cards (whether it is cash/bitcoins or the spreading of FUCD).   

podyx, thanks for the explanation.

You're looking at (at a glance) 15 minute bars? One bar != 1 transaction. Try 5, 3, or 1 minute resolutions here: https://bitcoinwisdom.com/markets/bitfinex/btcusd, and you'll see that 1.5k bar get broken down into a bunch of little ones.
As podyx pointed out, it's not that simple. You'll see green 1k bars from 499 market sells/501 market buys, for instance (1 BTC "ate into the ask side"). If the ask side is thin, you'll see the price shoot up.

He is not intelligent at all. He read a lot - did not understood. I saw many of his posts here before i finally ignored him, like talking to a brick wall. He was not able to (or pretend not to) understand core computer science principles, even though he supposed to be a prof in it...well, Keynes was an economic prof - i suppose, and look how good his theories worked out in real life..

Check the 1.5k volume bar on this chart. You can see the price going up in almost a straight line during that trading period. I assume that means the ask side got eaten into. If the price had gone down in almost a straight line I would assume the opposite.

It's hard to say. Generally you would assume that green bar means buying and red bar means selling but it's not always that simple.

Let's say the price is 664.5 and the ask side is just 1 btc to get to 665 so somebody buys 1 btc and the price is now 665 then say somebody puts up a bid wall at 664.8 for 100 btc and 90 of those goes through.

So now the price is 664.8 and 1 btc has been bought and 90 has been sold but the chart still shows that 91 btc has been bought.

I don't pay attention to volume a lot though so somebody else could perhaps clarify it further.

There's a shit-tonne of money involved now, who knows what his motivation is. Maybe he's just a natural crusader who objects to any form of speculation on Christian principle.
Does he even roll?

Ah, gotcha. How does one tell if the ask side got eaten into by looking at the volume bars?

No but if the ask side gets eaten into it's considered buying and selling if the bid side gets eaten into.

Is buying possible without selling?

- 2 Rockets have been launched from a helicopter in to the public television building.

- Martial Law is in place.

- The country is lead by a "Council of Peace". That has allegedly taken power of the country. (WTF is that lol)

- I see a live feed of tanks on the streets.

- Their supermarkets are empty and everything is bought including the water and biscuits!

- Shootings taking place at their parliament building.

- Airport is closed. And all flights are cancelled towards Turkey from all countries from Europe, and probably the world.

*Edit:

- Erdogan(corrupt president) is still free and gives tweets. (LOL)

- My opinion is that this is another Syria/Egypt/Lybia/Yemmen/Afganistan/Iraq scenario taking place!

*Edit2:

- China wakes up in 1-2 hours. And it is almost 8AM in Japan. Australia and New Zealand already awake. But it is Sunday and banks are closed!

*Edit3:

- More and more people are in the streets. Flipping cars/yellow taxies and blocking roads.

- Crowds go to the ground and hide behind cars when shoots on the streets that they blocked start.

- It sounds like a machine gun / automatic weapon fires to stop the people advance.

- I see people on a tank, jumping on it.

*Edit4:

- Turkey is a NATO member country with their military, and they have almost 50% of the total NATO ground soldiers military force.

*Edit5:

- I see people hitting a tank with broomsticks!  

- Istanbul main bridge is blocked and people are trying to cross it, but they are kept away by being shot at.

- All maritime ports / airports are closed.

- Turkey president is another city, hiding. And he is giving interview live from Skype.

- An army helicopter has been shot down. (*edit:Probably the one that shot those rockets in to the Turkey State Public TV station building.)

- Turkey president asked for political asylum from Germany after being declined for his plane/helicopter to land on the capital airport.

- But Germany declined his asylum request. (*edit: uncertain, conflicted, unclear)

*Edit6:

- 17 police officers are dead.

- Helicopter shooting from the air with heavy automatic weapons on the people from the bridge.

- I hear jet fighter planes sounds from a live feed of someone on social media while the helicopter keeps shooting.

- Obama: "The new government must be supported. And has our full support!" (*edit: HOLY F'ing SH!T!)

*Edit7:

- Most of the TV stations are down.

- Internet connection is down! Or going Off and On again.

- The fighter jet plane shot down one of the helicopters.

- Borders with Bulgaria are closed.

*Edit8:

- The military head general is being kept under the custody and arrest of his follow military mates.

- European leaders are in Mongolia in a European-Asian economic tour. (*edit: And some of them have interrupted their tour and returning home.)

- Turkey president is not in power anymore. But he keeps streaming from Skype.  

- The military has control over a TV station.

*Edit9:

- Greece army is on high alert.

- There are conflicts inside the Turkish army itself.

- The power grid is down, almost everything seems to be in the dark, blackout in some parts of Istanbul.

*Edit10:

- BTCitcoin is holding the 666$ position.

- Bombing taking place near or inside the Ankara parliament building.

*Edit11:

- Helicopter shooting toward the parliament building.

- Ankara airspace closed.

- I see rockets flying from jet planes. More tanks and military transporters in the streets.

- Turkish Public TV station back online.

*Edit12:

- Civilians have taken control of one of the tanks and confiscated the weapons of the soldiers that where inside the tank.

*Edit13:

- The NATO anti-isis military base that supervises Syria military operations are not involved and will not get involved in any political power assistance.

*Edit14:

- Things seems to have calmed down, and seem to be toned down.

- Multiple soldiers have been arrested.

- Erdogan presidential plane landed in Istanbul.(*edit: no plane has been sighted landing by witnesses)

- Some officials blame an opposing political adversary that resides in the US and might have US support.

*Edit15:

- CNN headquarters from Turkey has been taken over by the Turkish army.

*Edit16:

- Second explosion in Istanbul. Explosion took place at the airport.

- Turkey has closed their borders with Bulgaria.

*Edit17:

- Another 2 explosions have taken place at the Ankara parliament.

- 2 more explosions in Istanbul at the central market square.

- Multiple soldiers surrendering at police stations. (uncertain, rumors, propaganda?)

*Edit18:

- Germany accepted Erdogan asylum request. (uncertain, conflicted, unclear)

*Edit19:

- Footage of military helicopter shooting civilians near the Istambul bridge or near the bridge: https://www.youtube.com/watch?v=0j4D7o0aIUU
(*edit: or shooting towards something that is shooting back towards the helicopter)

*Edit20:

- Some more footage from different angles and different scenes of the events: https://www.youtube.com/watch?v=R-tzXNQVQUw

South China Sea will be the flashpoint if it will end. What men will do for rocks...

Military coup in turkey.

Bitcoin price = $666

Conclusion: the devil is behind the cup