Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1181. (Read 1811605 times)

newbie
Activity: 17
Merit: 0
Ok, confession of ignorance here. I don't have any financial trading experience, and I don't know how to read charts like this, nor do I really understand what's meant by terms like "wall" and how people are always saying that various price points are going to be "tested." Is there a quick primer someone could point me to that would enable me to at least fake some knowledge in this area?

a wall is a huge bid at a single price (look at that long vertical line at 6.5 in barrymac's post).

the gold line is the current bids and the blue line is the current asks (within the range shown).

green is the transaction history (24hr by default).

hope this helped roger  Smiley
sr. member
Activity: 343
Merit: 250
Ok, confession of ignorance here. I don't have any financial trading experience, and I don't know how to read charts like this, nor do I really understand what's meant by terms like "wall" and how people are always saying that various price points are going to be "tested." Is there a quick primer someone could point me to that would enable me to at least fake some knowledge in this area?
newbie
Activity: 17
Merit: 0
what a wall!
member
Activity: 76
Merit: 10
12:57 16.06.2012

legendary
Activity: 1708
Merit: 1020
it would be nice to make an animation (or some analysis) from this:

http://bitcoinx.com/pics/mtgoxusd_2012_depth_history.7z (15mb)

each line is one json full mtgox usd depth

since december 19th, 2011 every ~1000secs (17mins)



be carefull, this is a bomb extracting to 4,7gb   (all duplicates)


i use it for the diagram on the bottom of http://bitcoinx.com/charts - unfortunately it is quite a macro view
member
Activity: 76
Merit: 10


screenshot taken around:

6:17 Saturday (GMT) - Time in Greenwich Mean Time
sr. member
Activity: 252
Merit: 250
At the moment there is 9.6% arb between mtgox and cbx and you can earn whooping 57 USD if you buy 100 BTC at cbx and sell them at mtgox (but I think commissions would eat that)

But for 1000 BTC the difference is just... nothing, there are no 1000 BTC on cbx at any price Smiley

And I think this situation will be here for long.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
And another theory: This is slowly, someone wants 1M+ worth.

it must be really frustrating trying to buy 1M+ worth

once again bids are starting to pill up in front of THE WALL
legendary
Activity: 1904
Merit: 1002
Can someone explain to me the logic behind this? Is this really manipulation?

I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time

Without proper perspective as to the motivation the possibilities are numerous.


Maybe they'er in the know about the rumor that Germany pulling out of the EURO and they needed to find a quick option before marketss open on monday?

Then again maybe one should plan for 30k of BTC to be sold back onto the market later next week?

Fat arb opportunity, but if you go for it and don't have the money ready to buy on the other exchanges, then they will snipe you because they do?  Of if you buy up the others first they pull the wall?
legendary
Activity: 1792
Merit: 1047
Can someone explain to me the logic behind this? Is this really manipulation?

I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time

Without proper perspective as to the motivation the possibilities are numerous.


Maybe they'er in the know about the rumor that Germany pulling out of the EURO and they needed to find a quick option before marketss open on monday?

Then again maybe one should plan for 30k of BTC to be sold back onto the market later next week?
legendary
Activity: 1022
Merit: 1000
Can someone explain to me the logic behind this? Is this really manipulation?

I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time

Maybe they think if they wait it will be higher? plausible imo.

I think the common suspicion goes, that he/she/it? has an equal amount of funds on the other side (in this case in BTC) and wants people to buy them high from he/she/it?? (--> She+He+IT=SHIT!) and sell em low to SHIT.
Like large scale ping pong.
legendary
Activity: 1022
Merit: 1000
Although the 30k BTC ask wall stands directly at 6.50$, seemingly no one wants to make a buy right now. I think this is caused by the ask wall being placed and removed all the time, so people dont feel save about it and the back up it provides for buyers.
Actually the player behind it seems pretty determined to bring the price up by constantly moving his/her wall forward when prices rise, so there seems no need for such precaution. But of course, no one wants to be in the front row, just in case the man decides to remove his wall for once.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
And another theory: This is slowly, someone wants 1M+ worth.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
Can someone explain to me the logic behind this? Is this really manipulation?

I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time

Maybe they think if they wait it will be higher? plausible imo.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the market is being manipulated!
quick sell all your coins into the 6.5 wall, if we work together we can make this manipulator guy lose! a... few ... dollars....

ok well if you can't beat them... Wink


legendary
Activity: 1022
Merit: 1000
someone just sold 3000 BTC into it.  Cool
legendary
Activity: 1904
Merit: 1002
Anyone want to sell some bitcoins?
legendary
Activity: 1792
Merit: 1047
Wow the bitcoin wall of glory is back!

You bet!
legendary
Activity: 1022
Merit: 1000


gotcha! Wink
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Can someone explain to me the logic behind this? Is this really manipulation?

I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time

hey if it works....
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