Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31605. (Read 26731343 times)
December 01, 2013, 12:56:11 AM
Is it time to panic, puke, find the tallest building and jump, or just hold and weather this thing out?
December 01, 2013, 12:55:20 AM
Didn't see all of them but there was a 1000 sell in there for sure.
3300 by the volume bar
December 01, 2013, 12:55:08 AM
The Chinese obviously woke up on the wrong side of the bed this morning.
December 01, 2013, 12:54:47 AM
This won't end well... for some.
Buy&Hold Not affected
Some noobs will hold a bag of GoxBux
December 01, 2013, 12:54:36 AM
DISASTER STRIKES!
72 whole hours of gains wiped out!
72 whole hours of gains wiped out!
December 01, 2013, 12:54:31 AM
December 01, 2013, 12:53:39 AM
Here we go
December 01, 2013, 12:53:34 AM
my Gox watching script sez: LAG ALERT! LAG ALERT!
December 01, 2013, 12:53:04 AM
Bear fest sure enough.
cavirtex doesn't really allow me to profit on this 50 dollar swings
had one sell.. for the entire sell off so far. December 01, 2013, 12:52:49 AM
Didn't see all of them but there was a 1000 sell in there for sure.
December 01, 2013, 12:52:23 AM
ALERT ALERT ALERT!
rpietila has given me the private key to his public opinion. He would like to communicate the following:
"Single digits by Friday!"
"Single digits by Friday!"
December 01, 2013, 12:50:40 AM
Bear fest sure enough.
December 01, 2013, 12:50:23 AM
Yep. And that small wall at 1150 got eaten.
yar the dump is strong tonight
is this a crash
in the making.. lol trying to count the coins sold lol December 01, 2013, 12:49:25 AM
Yep. And that small wall at 1150 got eaten.
yar the dump is strong tonight
December 01, 2013, 12:49:06 AM
Yep. And that small wall at 1150 got eaten.
December 01, 2013, 12:44:10 AM
Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.
So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).
Pretty sure the red line is the bids and the green is the asks. As the red line gets eaten the price goes down and vice versa
December 01, 2013, 12:41:56 AM
Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
For example, right now the green line is much taller than the red line. The red line is almost flat extending out to the right. If you don't know what I'm talking about, I'll get a picture and circle it.
Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.
So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).
Excellent. Thank you very much.
Correction: Actually, I just took a look at Bitcoinwisdom - they've got it configured differently than Bitcoinity. That "flat line" would actually be a vertical line on Bitcoinity - it implies a bid/ask wall at that price.
Sorry for the confusion, I'm used to the price being the x-axis and the cumulative depth being the y-axis.
December 01, 2013, 12:41:52 AM
Excellent. Thank you very much.
No problem. That'll be 8 btc, please.
Put it on my tab.
December 01, 2013, 12:41:12 AM
Man. If you're an action junkie that China market is the place for you.
December 01, 2013, 12:40:23 AM
Excellent. Thank you very much.
No problem. That'll be 8 btc, please.
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