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

[derpinheimer]

What do the bars mean on that graph?

looks like the sum of all bids or asks for each price range.

Exactly. Not very precise but it give a rough picture. What I really like about this software is that it connect directly to MtGox API so the latency is lower than the usual charting website. I use it in conjunction of bitcoinwisdom.com

Cant be, its completely random. A 5k wall has no effect, a 300 one does. Either so terrible programmed that its useless, or being misinterpreted.

What? Both column are independent. Look at the price.

Huh? Look at this bids and asks in each set. You will see a small 200 bid have a huge impact on the bar length, and a massive 6k one do nothing

[01BTC10]

What do the bars mean on that graph?

looks like the sum of all bids or asks for each price range.

Exactly. Not very precise but it give a rough picture. What I really like about this software is that it connect directly to MtGox API so the latency is lower than the usual charting website. I use it in conjunction of bitcoinwisdom.com

Cant be, its completely random. A 5k wall has no effect, a 300 one does. Either so terrible programmed that its useless, or being misinterpreted.

What? Both column are independent. Look at the price.

Huh? Look at this bids and asks in each set. You will see a small 200 bid have a huge impact on the bar length, and a massive 6k one do nothing

Because the set on the left is not on the same scale as the one on the right. Both columns on the far left are not parallel to the two on the far right.

[derpinheimer]

What do the bars mean on that graph?

looks like the sum of all bids or asks for each price range.

Exactly. Not very precise but it give a rough picture. What I really like about this software is that it connect directly to MtGox API so the latency is lower than the usual charting website. I use it in conjunction of bitcoinwisdom.com

Cant be, its completely random. A 5k wall has no effect, a 300 one does. Either so terrible programmed that its useless, or being misinterpreted.

What? Both column are independent. Look at the price.

Huh? Look at this bids and asks in each set. You will see a small 200 bid have a huge impact on the bar length, and a massive 6k one do nothing

Because the set on the left is not on the same scale as the one on the right. Both columns on the far left are not parallel to the two on the far right.

Ohh, crap. Yeah, thats really stupid. But at least it explains it.

[01BTC10]

What do the bars mean on that graph?

looks like the sum of all bids or asks for each price range.

Exactly. Not very precise but it give a rough picture. What I really like about this software is that it connect directly to MtGox API so the latency is lower than the usual charting website. I use it in conjunction of bitcoinwisdom.com

Cant be, its completely random. A 5k wall has no effect, a 300 one does. Either so terrible programmed that its useless, or being misinterpreted.

What? Both column are independent. Look at the price.

Huh? Look at this bids and asks in each set. You will see a small 200 bid have a huge impact on the bar length, and a massive 6k one do nothing

Because the set on the left is not on the same scale as the one on the right. Both columns on the far left are not parallel to the two on the far right.

Ohh, crap. Yeah, thats really stupid. But at least it explains it.

It's possible to zoom the set on the left so it can't always be parallel to the other one.

[ChartBuddy]

[adamstgBit]

not sure what to tell my subscribers...

bitcoin looks like its going to continue to go up forever, no joke, is their even a point to TA, just fucking buy hold and sell, how can you lose???

lol!

for the most bullish view on the market, subscribe to BitMovements 

[ChartBuddy]

[Walsoraj]

bitcoinity's depth chart looks bugged. Anyone else seeing that long flat line? Doesn't correspond with clark moody or any other site.

[ChartBuddy]

[ChartBuddy]

[derpinheimer]

Looks like someone is banking on this small downward pressure with a constantly replenished 500 wall. I wonder if they figure if they put up all their cash as, say, a 2k?3k?10k? wall would prevent it from being sold into. So far its eaten a couple hundred and still holds up at a flat 500.000000

EDIT: Out of funds, sold into the last of it. Probably ~1200 or so.

[ChartBuddy]

[ChartBuddy]

[molecular]

I "liek" your style, but how did he get his money into gox so fast?

maybe he bought it from someone who couldn't get his out? maybe *gasp*... it was a bribe?!?

[ChartBuddy]

[Wary]

I "liek" your style, but how did he get his money into gox so fast?

maybe he bought it from someone who couldn't get his out? maybe *gasp*... it was a bribe?!?

No need to bribe when you have friends in right places  

[Wary]

I "liek" your style, but how did he get his money into gox so fast?

It's not style, it's Eglish As A Second Language 

[ChartBuddy]

[ChartBuddy]

[Rampion]

The +BTC7800 wall at $127 looks solid. Someone is willing to purchase $1M in BTC