Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31917. (Read 26469917 times)
November 06, 2013, 05:26:21 PM
Set the controls for the heart of the sun....
November 06, 2013, 05:25:33 PM
Sorry for asking such a basic question but I'm still not sure I fully understand how to read these charts:
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
https://i.imgur.com/nHAFfxP.jpg
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
https://i.imgur.com/nHAFfxP.jpg
It's what you can't see on the order book that you have to consider too. Some whales seem to wait until the bid depth has risen sufficiently, then they dump 2 or 5 or even 10 thousand coins into the bid side. I think that's why some people get nervous when the order book fills up on the bid side like that
November 06, 2013, 05:19:46 PM
Gentlemen, we've made contact with the wall. Prepare your USD cannons!
November 06, 2013, 05:19:14 PM
Sorry for asking such a basic question but I'm still not sure I fully understand how to read these charts:
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
For example I took this order book print from Bitstamp 5 minutes ago. Doesn't it mean basically that there is a lot more depth in the bid side compared to the ask side? So isn't that a very bullish signal (more people want to buy than sell)? But I often see similar charts without very bullish comments, which makes me wonder if I'm not understanding some factor here?
November 06, 2013, 05:18:58 PM
Nice some nibbling at the wall!
November 06, 2013, 05:18:34 PM
Seems like stamp and gox prices are evening out, is it positive or negative in any way? What do you think?
November 06, 2013, 05:18:09 PM
Contact. Let's see if this wall holds....
November 06, 2013, 05:09:26 PM
Dude is totally doing it wrong...
He's also killing all the nice momentum
where's this chart from? like it
it's from a tool I hacked together for the Market Depth Timelapse.
November 06, 2013, 05:03:09 PM
Stamp still pushing higher.
November 06, 2013, 05:02:30 PM
I think a lot of people are using this situation to hop over from MtGox to Bitstamp.
November 06, 2013, 05:01:57 PM
November 06, 2013, 04:59:58 PM
Could MtGox sell wall make Bitstamp rate take over ?
November 06, 2013, 04:55:47 PM
If only I was the guy with 10.000 BTC.
I would've hold to them strong.
In a couple of hours these Coins will be scattered amongst buyers in China.
I would've hold to them strong.
In a couple of hours these Coins will be scattered amongst buyers in China.
November 06, 2013, 04:55:14 PM
Hey guys,
its been a while... did I miss somethi.....HOLY SHIT!
its been a while... did I miss somethi.....HOLY SHIT!
lol
November 06, 2013, 04:48:05 PM
China will be waking up in a couple hours. 
November 06, 2013, 04:47:44 PM
I'm gonna guess that this wall will stand until it is bought. It just seems so clumsy a giant to me.
November 06, 2013, 04:47:02 PM
Hey guys,
its been a while... did I miss somethi.....HOLY SHIT!
its been a while... did I miss somethi.....HOLY SHIT!
November 06, 2013, 04:42:44 PM
ATH for Bitstamp @ 262.40 and ATH for Bitfinex @ 263.00
November 06, 2013, 04:38:46 PM
gox price is too low now, wall will be eaten soon. The first one is the winner and gets the cheap coins
November 06, 2013, 04:38:16 PM
Maybe the Gox wall is holding the price down to bring it back into alignment.
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