The MtGox Market depth is looking better and better, albeit on low volume. Considering that, I am surprised how good it is looking. Yes, it can be manipulated.
That said - The bids at $70 are up solid just as the asks at $300 being down good. Total sales are dropping but the $ value of sale level is rising (e.g. - 100k level sells rose from $165 - $175).
Again, worried about the volume but at least the price is going up and not down along with the good market data.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33372. (Read 26462745 times)
May 14, 2013, 01:44:47 PM
May 14, 2013, 01:38:57 PM
I don't think we are stable. If we are in this trading range in a month, maybe we are stable. I don't sense confidence in these mini rallies. I'm actually holding mostly BTC at the moment, but my finger is on the trigger and I am not confident we break 120-125 resistance.
Someone with a brain. Becoming rarer these days.
May 14, 2013, 01:35:11 PM
I don't think we are stable. If we are in this trading range in a month, maybe we are stable. I don't sense confidence in these mini rallies. I'm actually holding mostly BTC at the moment, but my finger is on the trigger and I am not confident we break 120-125 resistance.
May 14, 2013, 01:33:37 PM
i think we should hold here for a while, lets enjoy the nice wall at 120
stable bits FOREVER!
stable bits FOREVER!
Well, this is better than stable. In the last 7 days we went from $105ish to $119. That's going UP 14% in 7 days.
May 14, 2013, 01:27:08 PM
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
Really ? Hmmm I think we have entered a period of more stability than that . I doubt we'll see a 30% fall, but that'd be great.
May 14, 2013, 01:25:55 PM
I'm thinking it should be possible to come up with some heuristics for how reliable bids and asks are based on how much and how far from the price they are based on historical data. Then it should be possible to generate a wall chart by removing low-confidence bids and asks. May have to give that a try.
I'd really love to see that. Please do an announcement in this thread, if you start publishing somewhere else. Anyway, what's your data source? I assume you keep ChartBuddy's information.
May 14, 2013, 01:19:51 PM
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!
Well if you look at the past red candle activity, every week or so there is someone dumping coins, maybe its a silk road trader, but its as regular as clockwork and who ever it is, is overdue for a dump to get their hand on fiat
May 14, 2013, 01:19:24 PM
i think we should hold here for a while, lets enjoy the nice wall at 120
stable bits FOREVER!
stable bits FOREVER!
Panic stable!
May 14, 2013, 01:18:26 PM
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!
For August maybe.
May 14, 2013, 01:16:47 PM
i think we should hold here for a while, lets enjoy the nice wall at 120
stable bits FOREVER!
stable bits FOREVER!
May 14, 2013, 01:16:19 PM
Without the walls, the ask side is looking very shallow.
And if my grandmother had wheels she'd be a bus... the walls are pretty pointless, but they're still there
May 14, 2013, 01:14:01 PM
I'm thinking it should be possible to come up with some heuristics for how reliable bids and asks are based on how much and how far from the price they are based on historical data. Then it should be possible to generate a wall chart by removing low-confidence bids and asks. May have to give that a try.
May 14, 2013, 01:12:00 PM
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!
May 14, 2013, 01:10:12 PM
For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
May 14, 2013, 01:09:11 PM
Without the walls, the ask side is looking very shallow.
May 14, 2013, 01:08:26 PM
May 14, 2013, 01:07:08 PM
any comments on the extremely thin bids on bitstamp?
I moved some coins there to sell to get some fiat out, as gox sounds like a long wait and expensive to get money back to UK.
Now I'm watching, waiting and pondering whether to use to buy more... but bitstamp looks a lot less solid than gox. Is that because a lot of Europeans are doing what I did?
Even if Bitstamp looks worse than Gox, it will more than likely follow whatever direction Gox goes. Haven't seen it more than $5 apart in the past few weeks.
Bitfinex has been trading on BSTP books for the past few weeks. Leveraged arbitrage is awesome.
May 14, 2013, 01:02:57 PM
May 14, 2013, 12:58:06 PM
Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?
Not working anymore. Not sure if there are new projects going on right now. But you may want to check out Sierra Chart.
We're in a severely overbought position. Odds say, it's coming back down. The longer it stays here, the harder that fall could be.
Not really true, bid side is gaining strenght.
May 14, 2013, 12:56:58 PM
Is there any easy way of importing the BTC/USD price into Metatrader as a currency pair?
I've been looking haven't found an answer, there was an EA , none now.
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