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Title: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 06:42:31 AM The wall at $5.3 is withering away (was equal in size to the bid wall. now half).
https://i.imgur.com/8t31y.png Title: Re: resistance at $5.3 deteriorating Post by: zby on June 04, 2012, 07:09:06 AM The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down. I personally don't expect much down move - but it is now correction time.
Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 08:42:59 AM The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down. I personally expect much down move - but it is now correction time. Thanks for clearing that up; I wasn't watching closely enough. Bid wall doubled then. I agree with you; it is time for a correction. An upward correction, before resuming the long-term upward mega-trend! Title: Re: resistance at $5.3 deteriorating Post by: Technomage on June 04, 2012, 09:17:42 AM It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.
Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 10:09:14 AM It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon. The bear trap would be if we test $5.0-$5.1 one last time before gapping back up. But as of now, it looks like $5.5 is going to get squeezed sooner rather than later. Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 12:47:22 PM That was quicker than expected :o
bid wall now three times the size of the asks. https://i.imgur.com/6pKyh.png Title: Re: resistance at $5.3 deteriorating Post by: proudhon on June 04, 2012, 02:04:32 PM That was quicker than expected :o bid wall now three times the size of the asks. https://i.imgur.com/6pKyh.png When things look like this on the depth chart I get suspicious of an impending dump. Title: Re: resistance at $5.3 deteriorating Post by: pcexpress4less on June 04, 2012, 03:07:21 PM That was quicker than expected :o bid wall now three times the size of the asks. https://i.imgur.com/6pKyh.png When things look like this on the depth chart I get suspicious of an impending dump. Someone Just did. Title: Re: resistance at $5.3 deteriorating Post by: cloon on June 04, 2012, 03:14:13 PM was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated Title: Re: resistance at $5.3 deteriorating Post by: Mushoz on June 04, 2012, 03:19:07 PM was that a sell or just the manipulator pulling of the wall? it's time, the real investors take up the upward pressure and not let themselves being manipulated It was a 13k sell into the smaller bidwall. The huge bidwall got pulled. Edit: And the askwall got a lot smaller. Title: Re: resistance at $5.3 deteriorating Post by: cloon on June 04, 2012, 03:30:29 PM yes now the 10k bid wall at 5.30 is equivalent to the 10k at 5.17
im not pessimistic right now... Title: Re: resistance at $5.3 deteriorating Post by: proudhon on June 04, 2012, 03:33:31 PM That was quicker than expected :o bid wall now three times the size of the asks. https://i.imgur.com/6pKyh.png When things look like this on the depth chart I get suspicious of an impending dump. Someone Just did. <pats self on back> Title: Re: resistance at $5.3 deteriorating Post by: SkRRJyTC on June 04, 2012, 03:36:27 PM You are patting your self for predicting a dump that didnt move the price... Good job?
Title: Re: resistance at $5.3 deteriorating Post by: cloon on June 04, 2012, 03:42:29 PM looks like the bidwall's gone too...
Title: Re: resistance at $5.3 deteriorating Post by: proudhon on June 04, 2012, 03:56:09 PM You are patting your self for predicting a dump that didnt move the price... Good job? A journey of a thousand miles begins with a single step. Or something like that. Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 04:06:21 PM was that a sell or just the manipulator pulling of the wall? it's time, the real investors take up the upward pressure and not let themselves being manipulated It was a 13k sell into the smaller bidwall. The huge bidwall got pulled. Edit: And the askwall got a lot smaller. Accumulators be accumulatin'... Title: Re: resistance at $5.3 deteriorating Post by: SpontaneousDisorder on June 04, 2012, 04:18:59 PM More coins needed on Intersango ;)
https://intersango.com/orderbook.php Title: Re: resistance at $5.3 deteriorating Post by: phelix on June 04, 2012, 05:44:11 PM the wall is a lie
Title: Re: resistance at $5.3 deteriorating Post by: adamstgBit on June 04, 2012, 06:20:23 PM the wall is a lie maybe the lack of walls is the lie ;) Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 06:27:55 PM I scoff at your 'walls'... The walls set the price. Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 04, 2012, 09:43:23 PM I scoff at your 'walls'... The walls set the price. The walls come and go. They don't effect the probability/price distributions, and contain about the same amount of information as noise. I have measured it. And that is about all the information I feel like feeding this market. Its not easy to measure the information in a signal. I guess I have to sacrifice one of my own secrets to win this battle. Quote One of the key observations of inventory models is that the shape of the order book is predictive of impending changes in the market price. Figure 10.4 illustrates the phenomenon identified by Cao, Hansch, and Wang (2004). In panel (a), market price is “pushed” by a large concentration of conservative limit orders. Cao, Hansch, and Wang (2004) find that the shape of the limit order book is actively exploited by market-making traders. Cao, Hansch, and Wang (2004) also find that the breadth and depth (also known as the length and height) of the limit order book predicts 30 percent of the impending price moves. Furthermore, the asymmetry in the order book generates additional information. Title: Re: resistance at $5.3 deteriorating Post by: FreeMoney on June 05, 2012, 01:09:37 AM Resistance is futile.
Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 05, 2012, 03:03:00 AM <pats self on back> That was another good call proudhon. Somehow we both managed to be right today! Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 05, 2012, 03:07:45 AM Title: Re: resistance at $5.3 deteriorating Post by: adamstgBit on June 05, 2012, 04:12:38 AM it just keeps looking better eh...
this is not good :-X Title: Re: resistance at $5.3 deteriorating Post by: Hexadecibel on June 05, 2012, 04:36:36 AM That wall at 5.25 doesn't look well built.
Title: Re: resistance at $5.3 deteriorating Post by: adamstgBit on June 05, 2012, 04:45:00 AM if anything what we are seeing signal's the end of this stability
so hold on to your hats and remeber these numbers 5.6 , 6 , 5.4, 7, 5.99, 8 good luck! ;) Breaks into song . Mr bitcoin! Bring me money give me a chance, out of this Economy http://www.youtube.com/watch?v=5WiXMcsfvXE Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 05, 2012, 05:06:30 AM Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable. Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall? Nobody knows anything in advance (except insiders). What's more tradable than walls? Title: Re: resistance at $5.3 deteriorating Post by: adamstgBit on June 05, 2012, 05:25:39 AM Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable. Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall? Nobody knows anything in advance (except insiders). What's more tradable than walls? Quantitative probability... a(a) + $Xr(B/A) + %X[%Xr(B/A)] + 2%X(v(B/A)+a(B/A) = 8$ :D Title: Re: resistance at $5.3 deteriorating Post by: ildubbioso on June 05, 2012, 07:16:32 AM if anything what we are seeing signal's the end of this stability so hold on to your hats and remeber these numbers 5.6 , 6 , 5.4, 7, 5.99, 8 Why exactly 8 ? Title: Re: resistance at $5.3 deteriorating Post by: adamstgBit on June 05, 2012, 07:32:48 AM if anything what we are seeing signal's the end of this stability so hold on to your hats and remeber these numbers 5.6 , 6 , 5.4, 7, 5.99, 8 Why exactly 8 ? Because adamstgBit is smoking too much V^2 + 2E + D i smoke once in a while.... I've been saying 8$ for a long time and I'm sticking to it. ;D edit : to see who smoked what see this thread https://bitcointalk.org/index.php?topic=62753.0 Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 05, 2012, 12:45:57 PM Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable. Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall? Nobody knows anything in advance (except insiders). What's more tradable than walls? Quantitative probability... I suppose you're right. And if you calculate that for the rest of us mere mortals, you can use it to give us... walls. Title: Re: resistance at $5.3 deteriorating Post by: cypherdoc on June 05, 2012, 12:54:59 PM Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable. Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall? Nobody knows anything in advance (except insiders). What's more tradable than walls? +1 Title: Re: resistance at $5.3 deteriorating Post by: proudhon on June 05, 2012, 03:47:37 PM Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable. Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall? Nobody knows anything in advance (except insiders). What's more tradable than walls? Quantitative probability... I suppose you're right. And if you calculate that for the rest of us mere mortals, you can use it to give us... walls. I have, and it hurt my profits. I'm glad you're back. Title: Re: resistance at $5.3 deteriorating Post by: byronbb on June 05, 2012, 10:40:43 PM Does the current inability to short have anything to do with this move?
Title: Re: resistance at $5.3 deteriorating Post by: hazek on June 05, 2012, 11:42:11 PM Does the current inability to short have anything to do with this move? I strongly suspect that it does and I can't wait for kronos to come online. Title: Re: resistance at $5.3 deteriorating Post by: bitcoinBull on June 06, 2012, 08:40:03 AM I have, and it hurt my profits. I'm glad you're back.Me too. But I'm sad he deleted most of his posts! There are many factors that could affect profits, stochastic variations (outside the assumptions of a particular quantitative probabilisitic model) for one. Bitcoinica spreads could be another. Chodpaba should put his model back up. It might increase profits if perhaps instead of trying to follow market, the market tries to follow chodpaba! Title: Re: resistance at $5.3 deteriorating Post by: cloon on June 06, 2012, 06:58:34 PM this tread should be called: resistance at $5.5 deteriorating
welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-) Title: Re: resistance at $5.3 deteriorating Post by: Tittiez on June 06, 2012, 07:17:16 PM Title: Re: resistance at $5.3 deteriorating Post by: cloon on June 06, 2012, 07:20:58 PM this tread should be called: resistance at $5.5 deteriorating welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-) If I wanted to manipulate the market with that sort of signaling I totally would. But I don't think it is the best thing for the health of Bitcoin exchange markets, and I'm not that interested in the short game. Title: Re: resistance at $5.3 deteriorating Post by: notme on June 06, 2012, 07:23:15 PM this tread should be called: resistance at $5.5 deteriorating welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-) If I wanted to manipulate the market with that sort of signaling I totally would. But I don't think it is the best thing for the health of Bitcoin exchange markets, and I'm not that interested in the short game. An increase will only get attention if it goes up and stays up. If it shoots up everybody will just respond "give it a week, it will be back down". Manipulation is not how we get to steady valuations above today's prices. |
