derpinheimer
Legendary
 Offline
Activity: 896
Merit: 1000
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August 05, 2014, 11:04:15 PM |
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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)
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Marbit
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August 05, 2014, 11:08:08 PM |
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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? |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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August 05, 2014, 11:12:31 PM |
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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. |
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findftp
Legendary
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Activity: 1022
Merit: 1012
Delusional crypto obsessionist
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August 05, 2014, 11:23:22 PM |
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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. |
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Marbit
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August 05, 2014, 11:25:10 PM |
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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. |
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MoreFun
Legendary
Offline
Activity: 952
Merit: 1003
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August 05, 2014, 11:30:24 PM |
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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. |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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August 05, 2014, 11:31:28 PM |
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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  |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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August 05, 2014, 11:38:30 PM |
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So where are we going next guys?  God Bless ye' patient souls. |
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MoreFun
Legendary
Offline
Activity: 952
Merit: 1003
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August 05, 2014, 11:48:08 PM |
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So where are we going next guys? God Bless ye' patient souls. Watching the charts we will almost surely continue going to the right. |
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Marbit
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August 05, 2014, 11:49:47 PM |
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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... |
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ChartBuddy
Legendary
Offline
Activity: 2590
Merit: 2221
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 05, 2014, 11:59:52 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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August 06, 2014, 12:01:02 AM |
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well i got my fill for today.  UP |
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JayJuanGee
Legendary
 Online
Activity: 4130
Merit: 12416
Self-Custody is a right. Say no to "non-custodial"
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August 06, 2014, 12:02:36 AM |
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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. |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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August 06, 2014, 12:10:28 AM |
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well i got my fill for today. UP buyer? |
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wachtwoord
Legendary
Offline
Activity: 2380
Merit: 1141
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August 06, 2014, 12:29:42 AM |
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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. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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August 06, 2014, 12:36:03 AM |
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well i got my fill for today. UP buyer? lol hello! |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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August 06, 2014, 12:37:12 AM
Last edit: August 06, 2014, 01:00:46 AM by hdbuck |
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well i got my fill for today. UP buyer? lol hello! lol Nice story thx for sharing. hey FED?! MANDATORYYYY.. |
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ChartBuddy
Legendary
Offline
Activity: 2590
Merit: 2221
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 06, 2014, 12:59:50 AM |
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solex
Legendary
Offline
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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August 06, 2014, 01:23:01 AM |
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BTCE, Huobi and OKCoin have built launchpads, Bearstamp waking up...
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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August 06, 2014, 01:39:38 AM |
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Impressive depth on Huobi  You can say that again. With the liquidity on Huobi, there is no reason for me to look at any other exchange for analysis. Nobody can move the market if Huobo won't let them. BTW, where is that screenshot from? At first, thought it was Bitcoinity, but... Coinorama.net Ask walls on huobi (totaling over 3k) removed   |
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