Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ensurance982]

Impressive depth on Huobi

On both sides, though. We will have to wait and see which side wins. In my opinion it's quite balanced as of now. The buying or selling pressure will have to decide about the eventual outcome.

[ChartBuddy]

Explanation

[Marbit]

On both sides, though. We will have to wait and see which side wins. In my opinion it's quite balanced as of now. The buying or selling pressure will have to decide about the eventual outcome.

Notable, though -- 3600 level was dumped twice and bid support refilled lightning quick both times -- right at spread, not below.

The ask walls were placed 80-100 CNY above spread -- where no one could buy them. And every time someone places a 500+ ask wall at spread it is instantly eaten. I suspect the walls near 3700 are fake -- certainly there is much higher chance of that than the 3600 walls being fake.

I wouldn't be surprised if the 3700 walls were placed by the accumulator, to try to force sellers into his bids.

[Davyd05]

https://boards.4chan.org/biz/thread/434342/stephane-portha-is-lying-about-mark-karpeles

a dump of Karpeles doc's on 4chan?

docs in french

[derpinheimer]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

[Marbit]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

Exactly. There's a big difference between having your bids dumped into and refilling them twice near spread, and setting asks $10 above spread.

Right?

[derpinheimer]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

Exactly. There's a big difference between having your bids dumped into and refilling them twice near spread, and setting asks $10 above spread.

Right?

I dont think I understand what you're saying.

[findftp]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

All my trades since February 2013 are based on the same model.
So yes, I believe the same outcome, not necessarily this post at reddit.

[Marbit]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

Exactly. There's a big difference between having your bids dumped into and refilling them twice near spread, and setting asks $10 above spread.

Right?

I dont think I understand what you're saying.

1) Sellers dumped through 3600 bids. Bids refilled right near bid/ask spread (suggesting the bidder wants them filled)
2) Sellers dumped through 3600 bids again. Bids refilled again.
3) Ask walls placed 80-100 CNY above spread (suggesting the seller does not want them filled)

One side is very obviously accumulating. The other side may just be trying to manipulate price down. In fact, they may be one and the same party, if this bidder is serious about getting filled.

[MoreFun]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

Exactly. There's a big difference between having your bids dumped into and refilling them twice near spread, and setting asks $10 above spread.

Right?

I dont think I understand what you're saying.

1) Sellers dumped through 3600 bids. Bids refilled right near bid/ask spread (suggesting the bidder wants them filled)
2) Sellers dumped through 3600 bids again. Bids refilled again.
3) Ask walls placed 80-100 CNY above spread (suggesting the seller does not want them filled)

One side is very obviously accumulating. The other side may just be trying to manipulate price down. In fact, they may be one and the same party, if this bidder is serious about getting filled.

These could be dumps in their own walls to prove strength of the 3600 level. Then they set 3700 asks to limit short term growth and after some time upward hammer can follow when asks are either pulled or again bought by the owner.

[derpinheimer]

I agree it can go either way, but those 5k bids are all on $2.60 of spread.. the 5k of asks are across $9.70

Plus there is an 8k bidwall on 3450-3400 (no idea what is beyond 3700)

Exactly. There's a big difference between having your bids dumped into and refilling them twice near spread, and setting asks $10 above spread.

Right?

I dont think I understand what you're saying.

1) Sellers dumped through 3600 bids. Bids refilled right near bid/ask spread (suggesting the bidder wants them filled)
2) Sellers dumped through 3600 bids again. Bids refilled again.
3) Ask walls placed 80-100 CNY above spread (suggesting the seller does not want them filled)

One side is very obviously accumulating. The other side may just be trying to manipulate price down. In fact, they may be one and the same party, if this bidder is serious about getting filled.

Ah, I thought you were saying the bids were just people trying to sell the coins for a 2% profit

[SheHadMANHands]

So where are we going next guys?   

God Bless ye' patient souls.

[MoreFun]

So where are we going next guys?   

God Bless ye' patient souls.

Watching the charts we will almost surely continue going to the right.

[Marbit]

So where are we going next guys?   

God Bless ye' patient souls.

LOL, right? Where the hell did the last month of my life go? Once upon a time, bitcoin moved...

[ChartBuddy]

Explanation

[adamstgBit]

well i got my fill for today.  UP

[JayJuanGee]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

Even if it is not true, that was so well written it was great fun to read

To da moon 

I agree with you about the well written aspect.....  and I will add that I believe that the ODDs of this story being true is likely less than one in a thousand.

[SheHadMANHands]

well i got my fill for today.  UP

buyer?

[wachtwoord]

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ anyone read and or believe this?

Even if it is not true, that was so well written it was great fun to read

To da moon 

I agree with you about the well written aspect.....  and I will add that I believe that the ODDs of this story being true is likely less than one in a thousand.

Yes, extremely unlikely to be true.

[adamstgBit]

well i got my fill for today.  UP

buyer?

lol
hello!