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Title: Growing gap indicating mayor crash? Post by: kwukduck on May 17, 2014, 07:45:53 AM Anyone else notice how the gap between the orderbooks has been growing quickly since two days?
In classic stock markets this has often been correlated with an upcoming huge collapse of the stock. I know bitcoin cant be compared 1on1 but what does this possibly mean for bitcoin? Scary developments... Title: Re: Growing gap indicating mayor crash? Post by: TERA on May 17, 2014, 08:12:17 AM What is this gap you are speaking of? Is it the missing data feed from bitstamp on bitcoinity?
Title: Re: Growing gap indicating mayor crash? Post by: kwukduck on May 17, 2014, 08:32:18 AM Im talking about the gap between the bid and ask, causing big swings in very short time frames
Title: Re: Growing gap indicating mayor crash? Post by: TERA on May 17, 2014, 08:34:18 AM Im talking about the gap between the bid and ask, causing big swings in very short time frames Can you show me this gap on a chart so I know you're not referring to the error on bitcoinity.Also, what swings? This is the least volatile that bitcoin has ever been. Title: Re: Growing gap indicating mayor crash? Post by: rudius on May 17, 2014, 08:38:47 AM Im talking about the gap between the bid and ask, causing big swings in very short time frames that s called "spread", not gap. Gap is a no continuity in price. Should not happen with BTC as it is open 24/24 Title: Re: Growing gap indicating mayor crash? Post by: Its About Sharing on May 17, 2014, 08:43:44 AM The spread is around $2 on Stamp, and not much there at that spread.
https://www.bitstamp.net/market/order_book/ (https://www.bitstamp.net/market/order_book/) Not sure about the history of a large spread and crashes. I know the spread was often large in the past, but generally after volatility came. Title: Re: Growing gap indicating mayor crash? Post by: Foxpup on May 17, 2014, 09:49:32 AM Title: Re: Growing gap indicating mayor crash? Post by: spiderbrain on May 17, 2014, 10:59:09 AM Big spreads are low liquidity, which goes with the super low volume we're having lately. Low volume and slower momentum in a down trend can mean that the down trend is ending, so I don't think it points to a crash coming, but I don't claim to be particularly good at this. The btstamp wall is looking a lot better the last few days, though, 7k @500 vs 10k @400, but that's not as good an indication as it used to be.
Title: Re: Growing gap indicating mayor crash? Post by: freedomno1 on May 17, 2014, 11:02:39 AM Im talking about the gap between the bid and ask, causing big swings in very short time frames Which charts are you referring to coinbuddy or an exchange anyways guess we will see in a day or two anyways since this is a short duration prediction. |
