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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32557. (Read 26608391 times)

legendary
Activity: 1008
Merit: 1000
Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?
http://bitcoincharts.com/charts/bitstampUSD#rg180zig2-hourztgSzm1g10zm2g25zxzi1gAccDistzv

The accumulators have moved to a different ship.
legendary
Activity: 1372
Merit: 1000
An interesting estimate @ total Bitcoin volume
http://data.bitcoinity.org/
sr. member
Activity: 392
Merit: 250
Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

single digits by friday, you can trust me bro

I believe you because you said "bro"!
hero member
Activity: 686
Merit: 500
Ultranode
Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

single digits by friday, you can trust me bro
legendary
Activity: 1904
Merit: 1002
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

not necessarily

their could be nothing but selling going on and price go up! its not That hard to orchestrate... bids outbid higher and higher and seller sell slowly.

Sure, but what I described happens way more often.  Anyway, my point was to not get hung up on colors.  For every buy there is a sell.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

not necessarily

their could be nothing but selling going on and price go up! its not That hard to orchestrate... bids outbid higher and higher and seller sell slowly.
legendary
Activity: 1904
Merit: 1002
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner


ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!



I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  Huh

Let me guess: all in land  Wink

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'?  Grin

I think what he means by selling slowly is that no one is taking big dumps, as happened 2x now during the shake out periods.

obviously sellers of stuff for BTC need to liquidate into dollars/euros as 99.9% of the world economy has yet to accept BTC for stuff... so you cannot interpret some selling as lack of faith in BTC but rather merchants needing fiat to pay their invoices.

it hints that no one intents on crashing the price to buy back lower, they are now focused on getting the most for each bit.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules


ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!



I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  Huh

Let me guess: all in land  Wink

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'?  Grin

I think what he means by selling slowly is that no one is taking big dumps, as happened 2x now during the shake out periods.

obviously sellers of stuff for BTC need to liquidate into dollars/euros as 99.9% of the world economy has yet to accept BTC for stuff... so you cannot interpret some selling as lack of faith in BTC but rather merchants needing fiat to pay their invoices.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!


ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!



I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  Huh

Let me guess: all in land  Wink

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'?  Grin
donator
Activity: 2772
Merit: 1019
...

i could go on but i would just suggest people not listen to a politician for market analysis, there is a reason why his role in society is politician not hedge fund manager...


good critique Smiley

he lost reputation in my eyes. I thought he was a visionary but such post is considered bear spam here, of the dumb kind.

another one that sold out for cheap and blames his mistake on the market...

This was my impression, too. Very sad. I can't find another explanation for his post than him having sold quite some time in the past and being bitter about it.

His analysis isn't worth much since it only considers bitcoin value derived from its use for transacting (and even that is questionable due to the way he pulls numbers out of his ass), not as money / store of wealth. I surely thought he'd know better.

In case he's deliberately misleading people that's kind of low, but honestly: I could understand and many here (probably myself included) do similar things, just with less weight behind them.
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?
sr. member
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
...

i could go on but i would just suggest people not listen to a politician for market analysis, there is a reason why his role in society is politician not hedge fund manager...


good critique Smiley

he lost reputation in my eyes. I thought he was a visionary but such post is considered bear spam here, of the dumb kind.

another one that sold out for cheap and blames his mistake on the market...
hero member
Activity: 728
Merit: 500
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.
i286 seems to be having a bug today. I watched a stream of these "sells" go through at 126.38. During that time there was an ASK at 126.38 and each time one of the trades went through, the ask was reduced by 1BTC.
legendary
Activity: 896
Merit: 1000
How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.
hero member
Activity: 728
Merit: 500
Bistamp has had both buy and sell 1BTC bots. Gox only has a sell bot.

Here is bitstamp sell bot: 

Actually they're buys being incorrectly coded as sells. If you looked at the bid and ask you could see that.
legendary
Activity: 896
Merit: 1000
Bistamp has had both buy and sell 1BTC bots. Gox only has a sell bot.

Here is bitstamp sell bot:  

Edit; Notice the peculiar buy/sells that add up to exactly 1? Whats that?
newbie
Activity: 21
Merit: 0
ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

This is a steady stream of buys. These trades aren't originated by sellers because the seller's orders are being hit all the time. Someone is accumulating a large holding and does not want to do the usual whale splash of ripping up the ask wall.


Those were buys on stamp, and sells on gox.

You can't see it now though as it seems to have stopped.

I wonder if someone is succesfully getting USD out of gox and is trying to arbitrage while minimising slippage. Or gox themselves are.

We'll see if it starts again.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

This is a steady stream of buys. These trades aren't originated by sellers because the seller's orders are being hit all the time. Someone is accumulating a large holding and does not want to do the usual whale splash of ripping up the ask wall.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
weren't we mining at an accelerated pace the last few months perhaps this is the result of that? or perhaps there is some missing data for about a week or so.
otherwise the chart looks good to me


Lol at chart  Grin

Blockchained.com says 11.71 M BTC mined, which I think is accurate.
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