Pages:
Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 36. (Read 1811568 times)

member
Activity: 70
Merit: 10
Why somebody put that big wall at 99.5 ?

Imagine you want to get rid of 1'000 coins at the best price possible. You know that when prices move up, the movments will likely stop at a wall. So your best bet is to set the limit to just below the highest wall you think won't be crossed. So in this case, the seller believes that Bitcoin won't raise above 100 USD anytime soon, but also thinks that it will touch 100 USD. In that case, you can be pretty sure to sell everything at 99.5 while still getting a good price.

As a corollary: if someone sells at 100.5 USD, the intention is likely a manipulation: here, the seller does not want to actually sell, but rather scare potential buyers by making the sell wall appear big -- that can pay off when doing large OTC transactions that take MtGox as reference.

ok, thank you for explaning Smiley
member
Activity: 67
Merit: 11
Why somebody put that big wall at 99.5 ?

Imagine you want to get rid of 1'000 coins at the best price possible. You know that when prices move up, the movments will likely stop at a wall. So your best bet is to set the limit to just below the highest wall you think won't be crossed. So in this case, the seller believes that Bitcoin won't raise above 100 USD anytime soon, but also thinks that it will touch 100 USD. In that case, you can be pretty sure to sell everything at 99.5 while still getting a good price.

As a corollary: if someone sells at 100.5 USD, the intention is likely a manipulation: here, the seller does not want to actually sell, but rather scare potential buyers by making the sell wall appear big -- that can pay off when doing large OTC transactions that take MtGox as reference.
member
Activity: 70
Merit: 10
Hope its ok i ask many questions, im still learning

Why somebody put that big wall at 99.5 ?
If somebody want sell so many coins.
Wouldent it be better to let the new monday money flow in.
Hoping for a small monday rally getting the price up.
And then sell little by little for higher price ?

Is it some kind of strategy i miss.


legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
And look there is another relatively large ask wall 1673.7778@ 99.5. 

Yeah, still plenty of bitcoins looking to be cashed out it seems.  Smiley

1673 vaporized.  BTC headed up!
full member
Activity: 128
Merit: 107


Sun will follow the rain  Cheesy
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"

Um, something's not right with the fancy new Bitcoinity hover thingy.

I work that out at $1.94 per coin!

Haha even better


Haha! Needs some tweaking methinks!
sr. member
Activity: 280
Merit: 250


Um, something's not right with the fancy new Bitcoinity hover thingy.

I work that out at $1.94 per coin!

Haha even better

sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"


Um, something's not right with the fancy new Bitcoinity hover thingy.

I work that out at $1.94 per coin!
hero member
Activity: 686
Merit: 501
Stephen Reed
Is it just me, or does it seem like the powerful bids from 7 and 14 days ago are absent? Maybe later in the day they will show up.
sr. member
Activity: 280
Merit: 250
And look there is another relatively large ask wall 1673.7778@ 99.5. 

Yeah, still plenty of bitcoins looking to be cashed out it seems.  Smiley
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
Morning all!


Edited: hotlinking on imageshack not working.

Happy to see nothing crazy happened during the night (though I could have bought at $87 if I'd had bigger balls).

Time for Bitcoin United to pull itself out of the relegation zone I reckon Smiley
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
Guys wait for me, I need to deposit my 30k so that it can lose half it's value in a panic sell!
hero member
Activity: 686
Merit: 501
Stephen Reed
And look there is another relatively large ask wall 1673.7778@ 99.5. 
sr. member
Activity: 280
Merit: 250
BTC2k wall at $99 was bought.

member
Activity: 70
Merit: 10
The depth chart can be slow to update on bitcoinity sometimes.
You can see the order book in real time on http://bitcoin.clarkmoody.com

Thanks Smiley
sr. member
Activity: 280
Merit: 250
2153 ask wall at 98 holding back new deposits at the moment - the battle for $100 rages on. New deposits are now skeptical?

i not see this at bitcoinity. where is the better precice place to look
ahh ok, i see now Smiley  at 98.5

The depth chart can be slow to update on bitcoinity sometimes.

You can see the order book in real time on http://bitcoin.clarkmoody.com
member
Activity: 70
Merit: 10
2153 ask wall at 98 holding back new deposits at the moment - the battle for $100 rages on. New deposits are now skeptical?

i not see this at bitcoinity. where is the better precice place to look
ahh ok, i see now Smiley  at 98.5
hero member
Activity: 686
Merit: 501
Stephen Reed
2153 ask wall at 98 holding back new deposits at the moment - the battle for $100 rages on. New deposits are now skeptical?
hero member
Activity: 784
Merit: 506
If this is about to take off again I may be late in thinking of another reason I like the price hanging around this 'low' for a while:

The businesses who are currently offering their services for bitcoin and who are not converting it all to fiat they have probably taken in around twice the bitcoin per dollar value sale in recent days.  When (if) it does go back to those levels it will give those businesses a nicely deserved boost - for both offering the btc payment option and for having enough confidence to keep some of the sales value in btc.  Nice Smiley
full member
Activity: 168
Merit: 100
Bixcoin Superdouche


Well now is there chance. Enough people will be feeling happy enough to get out at $100 that there is plenty of depth at $100, so you can buy in at that point in high volume without moving the price up. I think we just saw about 700 BTC bought up with out moving the price at all.

Funny, how anything can be interpreted into a positive signal Smiley
Pages:
Jump to: