Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32702. (Read 26469640 times)
July 08, 2013, 12:15:04 AM
Found a new bullish chart pattern, a bounce is pretty clear as of now:
July 08, 2013, 12:13:57 AM
Wall on 75 on Bitstamp just has been eaten.
July 07, 2013, 11:25:10 PM
Is this a real move up or DCB?
Either way looks like we'll be stuck at 80 awhile...
Either way looks like we'll be stuck at 80 awhile...
I vote the former. It's a little thin but I imagine by the end of this week we close solidly in the green.
"close"? bitcoin markets never "close", they just keep going, regardless.
July 07, 2013, 11:20:38 PM
20k BTC up to $85 but only 6k down to $72. Pullback seems likely here.
July 07, 2013, 11:06:57 PM
Now testing the bears' will.
Who will crack before $100 and buy back?
Who will crack before $100 and buy back?
Huh? Any chance you are doing it wrong? Buying back is what people should crack and do... yesterday.
Selling is what you do when the price goes up.
July 07, 2013, 11:01:42 PM
Now testing the bears' will.
Who will crack before $100 and buy back?
Who will crack before $100 and buy back?
July 07, 2013, 11:00:39 PM
July 07, 2013, 11:00:38 PM
We will see dumps.
The problem is not the dumps, it is how people respond to the dumps.
If someone dumps on their own, and people don't panic and follow, it is the dumper's loss.
The problem is not the dumps, it is how people respond to the dumps.
If someone dumps on their own, and people don't panic and follow, it is the dumper's loss.
July 07, 2013, 10:33:33 PM
Im gonna be really surprised if we dont see one big dump in this.
Throughout this rise, asks have remained constant.. very bearish signal.
--Err, I should say -- The current rise. Of course total asks have dropped from the rallies hours before and the recent one.
LOL @ some bot.
About 300 bid on 77.5
Every time it was touched, it shifted a few cents in a random direction. Sometimes it one-upped itself by 0.001c, sometimes 1c, sometimes down a few cents.
Only a bit left of the wall. I wonder if the goal was to make sells appear as buys on bitstamp by one-upping itself 1c, since that would show as "trending up" AKA green arrow.
Throughout this rise, asks have remained constant.. very bearish signal.
--Err, I should say -- The current rise. Of course total asks have dropped from the rallies hours before and the recent one.
LOL @ some bot.
About 300 bid on 77.5
Every time it was touched, it shifted a few cents in a random direction. Sometimes it one-upped itself by 0.001c, sometimes 1c, sometimes down a few cents.
Only a bit left of the wall. I wonder if the goal was to make sells appear as buys on bitstamp by one-upping itself 1c, since that would show as "trending up" AKA green arrow.
July 07, 2013, 10:25:15 PM
Is this a real move up or DCB?
Either way looks like we'll be stuck at 80 awhile...
Either way looks like we'll be stuck at 80 awhile...
I vote the former. It's a little thin but I imagine by the end of this week we close solidly in the green.
July 07, 2013, 10:21:50 PM
Is this a real move up or DCB?
Either way looks like we'll be stuck at 80 awhile...
Either way looks like we'll be stuck at 80 awhile...
July 07, 2013, 10:07:17 PM
True, if they have super low fee's and a good bot they could "agitate" the market until the spread is higher than 2x their fee's...in this case 0.5%+ spread is enough to make money.
July 07, 2013, 10:04:41 PM
I believe they are hoping to push the price in the direction they want enough to trigger other bots into buying or selling based on the market movement.
If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.
Plus....a lot of newbies just put in market orders without looking at the order book intelligently.
If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.
Plus....a lot of newbies just put in market orders without looking at the order book intelligently.
They are probably there by someone who has got to the "magic" 0.25% comm rate and can make a steady profit by taking the spread all day as his 0.01s are constantly lifted on either side. During the down-wave they looked to be on both sides most of the time.
July 07, 2013, 10:01:14 PM
I believe they are hoping to push the price in the direction they want enough to trigger other bots into buying or selling based on the market movement.
If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.
Plus....a lot of newbies just put in market orders without looking at the order book intelligently.
If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.
Plus....a lot of newbies just put in market orders without looking at the order book intelligently.
July 07, 2013, 10:00:43 PM
July 07, 2013, 09:57:47 PM
The last time I remember to observe many smallish orders of the same kind was during a larger dump and they were on the selling side.
But how does micro-orders on the bid manipulate the price up?
Consider. If they get hit - what color will all the prints be...
But they are placed there for someone desperate to push the price the other way
And if they arent hit.... then, it continues on without them.
Really though, thats all nonsense. If they are hit, then they might make a few stupid people follow them. Otherwise nothing happens.
July 07, 2013, 09:54:52 PM
The last time I remember to observe many smallish orders of the same kind was during a larger dump and they were on the selling side.
But how does micro-orders on the bid manipulate the price up?
Consider. If they get hit - what color will all the prints be...
July 07, 2013, 09:54:17 PM
If my bank account isn't verified with Coinbase can I still reserve coins at this price while they verify it?
Yes, verification doesn't stop trading it only increases your daily limit from 10 to 50 BTC. Personally though i'd never recommend coinbase as the fees are far to high. Do something like campbx (dwolla deposits).
July 07, 2013, 09:54:01 PM
Is there any actual importance involved with the crossing of the bid/ask sum lines in blockchained, or is it entirely arbitrary.
completely arbitrary. Except in maybe all time, then it may have significance, but in 15d NONE.
Bid/Ask vs Price crossover is generally a weak indicator.
July 07, 2013, 09:52:09 PM
There might be a lot of manipulation but so long as you're aware of this and what they're trying to make everyone do then it's easier to do the opposite and profit from it rather than lose out. Not that every wall is manipulation of course but some blatantly are.
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