Mt gox trades by order size

[bb113]

[robocoin]

Awesome! Now I have stat for the penny bot  
I always like to see your data mining outcome.

[2weiX]

i don't have pretty pictures and it's getting late here, but the worst case scenarion is repainting the last hype/crash, maxing out below $25 and falling down to $8-$10 before bouncing back to ~13, then slowly declining.

we should see a few more days between 15 and 18 to paint a support/resistance, short-term overbought.

[lebing]

Awesome, thanks for this. If I interpret it correctly, it seems some of the old whales are taking profit. Which is what I figured was happening around 13 anyway.

[bb113]

Awesome! Now I have stat for the penny bot  
I always like to see your data mining outcome.

Is it your penny bot?

i don't have pretty pictures and it's getting late here, but the worst case scenarion is repainting the last hype/crash, maxing out below $25 and falling down to $8-$10 before bouncing back to ~13, then slowly declining.

we should see a few more days between 15 and 18 to paint a support/resistance, short-term overbought.

Awesome, thanks for this. If I interpret it correctly, it seems some of the old whales are taking profit. Which is what I figured was happening around 13 anyway.

The way I interpret it is that while price is rising, the pattern of activity looks stable since September (except penny trades). While big sell orders are increasing relative to big buy orders, keep in mind that this requires the presence of a limit order of at least that size to begin with.


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[ArticMine]

Awesome, thanks for this. If I interpret it correctly, it seems some of the old whales are taking profit. Which is what I figured was happening around 13 anyway.

There is also the different trading patterns of consumers and merchants. Consumers buying BTC to purchase good and services are more likely to generate many small trades, while the merchants or their payment processors are more likely to generate fewer large trades. As Bitcoin gets used more in commerce one would expect small trades to dominate on the buy side and large trades to dominate on the sell side.

[robocoin]

Awesome! Now I have stat for the penny bot  
I always like to see your data mining outcome.

Is it your penny bot?

No. Just curious.

What software are you working with? R? Or Python Matplotlib?

[bb113]

Awesome! Now I have stat for the penny bot  
I always like to see your data mining outcome.

Is it your penny bot?

No. Just curious.

What software are you working with? R? Or Python Matplotlib?

Its all done in R.

[jwzguy]

So the red and green lines denote market orders only, right? The limit orders are not shown?

[bb113]

"Asks" are sells (Red) and "bids" are buys (Green).

For example in this trade we can see: "trade_type":"ask"

Code:

[{"date":1358416833,"price":"14.79201","amount":"0.01","price_int":"1479201","amount_int":"1000000","tid":"1358416833532259","price_currency":"USD","item":"BTC","trade_type":"ask","primary":"Y","properties":"market"},

https://mtgox.com/api/1/BTCUSD/trades?raw

They represent filled orders.
If the highest buy order on the book is 1 btc for $17 and the second highest 2 btc for 16.9, then someone who either places a market order to sell (or limit order less than $17) for .5 btc would be counted as a red sell for .5 btc.

If someone placed a limit order to sell 3 btc for $16.9 or less  it would be counted as a 1 btc sell and a 2 btc sell.

[jwzguy]

"Asks" are sells (Red) and "bids" are buys (Green).

For example in this trade we can see: "trade_type":"ask"

Code:

[{"date":1358416833,"price":"14.79201","amount":"0.01","price_int":"1479201","amount_int":"1000000","tid":"1358416833532259","price_currency":"USD","item":"BTC","trade_type":"ask","primary":"Y","properties":"market"},

https://mtgox.com/api/1/BTCUSD/trades?raw

They represent filled orders.
If the highest buy order on the book is 1 btc for $17 and the second highest 2 btc for 16.9, then someone who either places a market order to sell (or limit order less than $17) for .5 btc would be counted as a red sell for .5 btc.

If someone placed a limit order to sell 3 btc for $16.9 or less  it would be counted as a 1 btc sell and a 2 btc sell.

If they're filled orders, then none of them will be limit, though, or I'm not understanding you. Placing a limit order won't result in a filled order until a market order comes along and takes it.

If your "all trades" graph represents both limit and market trades, shouldn't the buy-sell amounts be identical?

[bb113]

"Asks" are sells (Red) and "bids" are buys (Green).

For example in this trade we can see: "trade_type":"ask"

Code:

[{"date":1358416833,"price":"14.79201","amount":"0.01","price_int":"1479201","amount_int":"1000000","tid":"1358416833532259","price_currency":"USD","item":"BTC","trade_type":"ask","primary":"Y","properties":"market"},

https://mtgox.com/api/1/BTCUSD/trades?raw

They represent filled orders.
If the highest buy order on the book is 1 btc for $17 and the second highest 2 btc for 16.9, then someone who either places a market order to sell (or limit order less than $17) for .5 btc would be counted as a red sell for .5 btc.

If someone placed a limit order to sell 3 btc for $16.9 or less  it would be counted as a 1 btc sell and a 2 btc sell.

If they're filled orders, then none of them will be limit, though, or I'm not understanding you. Placing a limit order won't result in a filled order until a market order comes along and takes it.

If your "all trades" graph represents both limit and market trades, shouldn't the buy-sell amounts be identical?

You can place a limit order to sell that is less than the highest bid, which is effectively a market order. They're not identical because each trade is only counted as whichever side initiated the order that resulted in btc/$ exchanging hands.

[jwzguy]

Thanks for the clarification. That's what I was assuming.