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

[BitAddict]

Ah, this

Well, its definitely odd.. but is it important? It looks to be someone just fluffing the volume, possibly testing a HFT bot. No fees, so its not like there are repercussions to it like on USD exchanges.

They drove the pullback from $340 to $355. I'm sure without okcoin buying pressure manipulation price wouldn't go that high.

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[tarmi]

10 K buy in china is big fkin SHORT in my order book.

[grappa_barricata]

Everyone knows the chinese exchanges are suspicious.

Put they wouldn't put that much effort to make the price fall if they don't want make it rise somewhere in the future.

Would they?

Jesse Livermore once said: the only way to sell is on the way down

[NotLambchop]

[derpinheimer]

Ah, this



Well, its definitely odd.. but is it important? It looks to be someone just fluffing the volume, possibly testing a HFT bot. No fees, so its not like there are repercussions to it like on USD exchanges.

It is important when the buys and sells doesn't match with the orderbook... Isn't it?

No, not really? I guess if you are a TA PRO who relies on volume as an indicator 

[fonzie]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier. 
Mark to the rescue?

[derpinheimer]

Ah, this

...

Well, its definitely odd.. but is it important? It looks to be someone just fluffing the volume, possibly testing a HFT bot. No fees, so its not like there are repercussions to it like on USD exchanges.

It is important when the buys and sells doesn't match with the orderbook... Isn't it?

No, not really? I guess if you are a TA PRO who relies on volume as an indicator 

I give a lot on volume on stamp chart... I don't see chinies exchanges as a price leader. Problem is that 70% of traders thinks chinies exchanges are reliable despite all this.

Well I dont think anyone disagrees that gauging the "real" volume by China is quite difficult. Thats why I rarely bother trying to compare it. I just think of them as equals (Huobi, Okcoin, Bitstamp, and Bitfinex) despite China having a lot more volume.

If I really want to compare, then I'd look at the orderbooks, copy it down, and compare it in future. For example, if there were 5k of bids to break 2100CNY, and 12 hours later its 4k, but there was 50k of volume... I'd consider it a lot closer to '10k real' volume than 50k. So that absurd 10k volume spike earlier? Well, its pretty much insignificant volume and can be ignored.

Likewise, if the price broke 2100CNY on 10k volume, then I'd say most of it was real.

You see this sort of activity a lot when volume dies down. The price is just as volatile with a tenth of the volume, presumably because there isnt so much "high frequency trading".  

[jonoiv]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier. 
Mark to the rescue?

 and his dessert coffee

[Brewins]

pool outdated.

You should add options up to 300 -

I doubt we will see above 350 by monday

[Newbie1022]

The 1-hour chart tells you all that you need to know. We still have at least one more leg down... either lower or closer to the bottom from this morning. If the wave keeps it's form this will happen within the next hour or two... and if it doesn't happen in the next hour or two... well then, I am wrong. There.

[BlindMayorBitcorn]

pool outdated.

You should add options up to 300 -

I doubt we will see above 350 by monday

Everybody needs some time to adjust mentally to the new price level

[MoreFun]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier.  
Mark to the rescue?

Mark helped us going from sub $1 to $1000 and without Mark we are now back at $300. So what is better having Mark onboard or not?

[BlindMayorBitcorn]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier.  
Mark to the rescue?

Mark helped us going from sub $1 to $1000 and without Mark we are now back at $300. So what is better having Mark onboard or not?

Not. Pudgy monkey did too much damage. He doesn't deserve Bitcoin

[Omikifuse]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier.  
Mark to the rescue?

Mark helped us going from sub $1 to $1000 and without Mark we are now back at $300. So what is better having Mark onboard or not?

No difference for those who lost all their profits + initial investments after the Gox collapse

[DaRude]

Ok, so I am a bear, but what the f--- are these maniac shorters doing? The shorts have been around 13,000 on BFX for several hours, the price has stabilized or gone up slightly, and the price on BFX is $3 below that of BTC-e. For a while I thought there might be a chance for a flash crash on manipulation, but we've stabilized. I can understand being wary to buy in at this point, but to have a short right now is pure f---ing madness. Who the hell wants to be in a line with 13,000 BTCs trying to close out the shorts? That's f---ing nuts.

As a bull that's a welcoming sight. Shorts going through the roof without price budging.

But yeah that's pretty suicidal. Don't know what would drive someone to short when we're down like 70% from ATH

[MoreFun]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier.  
Mark to the rescue?

Mark helped us going from sub $1 to $1000 and without Mark we are now back at $300. So what is better having Mark onboard or not?

No difference for those who lost all their profits + initial investments after the Gox collapse

Chillout, maybe I would need to replace smiley at the end with </sarcasm>.

[cbeast]

Price is meaningless at this point. Hashrate is climbing, investment is going into Bitcoin infrastructure. Bullish!

[BBmmBB]

If we just could get MtGox back as the market leader with 70-80% of the trading volume, things would be much easier. 
Mark to the rescue?

 and his dessert coffee


http://www.bullsfx.com/wp-content/uploads/2014/02/mt-gox-protest.jpg

marks' caffeine rage caused attacking him with the umbrella?? damb        bring back Mt Gox!!!!

[ChartBuddy]

Explanation

[adamstgBit]

pool outdated.

You should add options up to 300 -

I doubt we will see above 350 by monday

ops the poll is like a week and half old