oh really so how come bitstamp is 997 coins down to 505 and bitfinex is 405 coins down there if Finex is sharing the bid side?
you're such a fail , so sad
 Its only a theory, since the other market activity doesnt make sense otherwise. You bulls are so violent and angry. I've not sold a coin in a long time... only like to try and guess where the market is going  |
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Those bids are mostly fake; shared bids from Bitstamp.
How can that be? the asks don't seem to be shared... Looking at the number of asks on Stamp it seems impossible for them to be shared with BFX Bitstamp: 4300 BTC to 580 Bitfinex: 3500 BTC to 580 Asks are not being shared right now, only bids. |
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lets see a nice short liquidation cascade!
Can anyone make an educated guess at what point the shorts could get liquidated? I'd think it would be alot higher than this, but I have no idea how to properly calculate It's all stop losses, it would require a lot more upside to actually trigger the majority of shorts to get margin called. educated guess = 640+ The amount of coins up for bid to yesterdays low ($480) could get us pretty close!  Those bids are mostly fake; shared bids from Bitstamp. |
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I'm a buyer at $535, $518 and $504.
Stop loss at $441.
Still there. Almost at break even. I am looking forward to Sunday. This is your chance... |
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As soon as someone sells, all the bidwalls on BFX fall back.
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Hm, I just noticed something...
I think the BFX "mega-whale" may be shared orderbooks between stamp and bfx again. They stopped doing that awhile ago, but after the long squeeze its back on.
This means BFX bid walls are mostly "fake" (in that they are not backed by anything) if correct.
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Personally, I'm still unconvinced it doesnt go down more either in the next days, weeks, or 2-3 months.
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You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place. He's not the only one here confusing a dead cat bounce with a bull trap ;-) Looks like a common mistake. Can I get a short description of the difference? Thanks  |
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Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.
I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper takes it down a notch. |
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simple,
sit back , relax , enjoy the ride,
it may take a while,
don't worry about btc until difficulty starts dropping like a rock
as long as the network is running like it is now, even if difficulty does not continue to go up (i suspect it will continue to rise)
it is bulletproof,
 !!!! This is definitely not a glitch! SELLLLLL!! /s |
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 Wow, this is what the Bitfenix orderbook looks like without the mega-whale playing. Pretty crazy! |
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Fairly large dumps on bitstamp
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493. INTENSE!
Doesn't mean shit. It's basically free fall till 487. Not much resistance till 450-460 either on stamp. Let's see what the rest of the week brings! Not really. The bids arent nearly as shallow as normal, following a low volume rise. |
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Well, turns out the mega bidwalls and askwalls on BFX are the same person.
They have shown at least $6m in USD bids, and 11,000 in BTC asks.
What is their goal? Who knows.. (They dont appear to be trying to push the market in either direction with walls, but if they are, they're trying to push it up.)
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The massive volumes on OKCoin and Huobi sure look suspicious, especially when compared to BTC-e and Bitstamp who've been around a lot longer...
If the volume is real, that will mean China alone have more than 50% of the daily trading volume on bitcoin. This can't possibly be right. Its not that odd. I dont think its all real volume (Bots, low fees, etc), but they are still really large exchanges. |
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Also I'm stupid and that isnt log. The random intervals at the bottom confused me. (1250, 2500, 5000, 10000)
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Hmmm, interesting activity on BFX. Both Stamp and BFX have some major bid support that formed after the dip into $450s. Perhaps this is the bottom where a true bull trap forms. In less than 24 hours after the dumps, nearly $3m of bids have been added on BFX, and just over $2m on Bitstamp. Thats pretty healthy. Then again, BFX got an 11k BTC ask wall today. Here is a sloppily edited image showing what the asks looked like 24hrs ago, and the fuller blue being the asks after the 11k "wall"  Pretty odd. Seems fake. Pretty crazy it still looks that steep on log mode (the chart is sloppy but the lines are 99% in the right spot.) |
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Update on r/Bitcoin sentiment. 4/7 of the highest upvoted posts are about the price crash. People are scared. You know what time it is.   look at the first post "BTC-E Flash Crash to $327", the guy did use the 1m chart at Bitcoin wisdom.... I didn't know there are people who actually use the 1m chart... Yes, also useful for checking out volume spikes where the price is stable |
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What the fuck is Ethereum?
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