Bitcoin Forum
June 17, 2024, 08:11:23 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 [235] 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 ... 33453 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26401395 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 06, 2013, 09:48:57 AM
 #4681


I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 06, 2013, 09:59:43 AM
 #4682


I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.

So it projects that the price will top out around $125 and start to fall after that?
Le Happy Merchant
Hero Member
*****
Offline Offline

Activity: 634
Merit: 500



View Profile
May 06, 2013, 10:07:11 AM
 #4683

So it projects that the price will top out around $125 and start to fall after that?

It doesn't project anything, it reports what has happened, and what is happening.
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 06, 2013, 10:11:28 AM
 #4684

So it projects that the price will top out around $125 and start to fall after that?

It doesn't project anything, it reports what has happened, and what is happening.

We haven't reached $125 yet so how do you interpret the significance of the "cliff" at that point? 
AmazonStuff
Hero Member
*****
Offline Offline

Activity: 628
Merit: 500



View Profile
May 06, 2013, 10:12:01 AM
 #4685

Crazy pattern Cheesy

Babylon
Hero Member
*****
Offline Offline

Activity: 938
Merit: 500

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 06, 2013, 10:14:39 AM
 #4686

So it projects that the price will top out around $125 and start to fall after that?

It doesn't project anything, it reports what has happened, and what is happening.

We haven't reached $125 yet so how do you interpret the significance of the "cliff" at that point? 

A lot of people have asks in at around $125, and have for some time.
xorglub
Full Member
***
Offline Offline

Activity: 204
Merit: 100


View Profile
May 06, 2013, 10:17:05 AM
 #4687


I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.

So it projects that the price will top out around $125 and start to fall after that?
Not necessarily. It will fall when sentiment turns around and people stop buying / start selling. It will be hard to get past $125 yes but so was $100, $110, $120... so in the end walls mean nothing.

Right now most TA hints at a correction - we just can't keep going up, up, up, we're overbought. But the low volume skews the timeframe as of which it will happen. It may just hold for another few days as new money flows in and latecomers buy on the Chinese news, taking us to $130 or maybe higher. However the longer we stay overbought the harder it will correct.
Rampion
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
May 06, 2013, 10:26:53 AM
 #4688


I understand most charts, but this one is completely beyond me?

Could anyone kindly explain, would be appreciated! Looks interesting lol

It's the bid and ask walls.

If you go here http://bitcoinity.org/markets you'll see it in 2d.

Notice the wall at 125, you can see the ridge in the 3d graph. Those are snapshots of the wall over the last hour. Very little change at the moment. It's taking the 2d walls, making it 3d, and lining them to give you a differnet view.

So it projects that the price will top out around $125 and start to fall after that?
Not necessarily. It will fall when sentiment turns around and people stop buying / start selling. It will be hard to get past $125 yes but so was $100, $110, $120... so in the end walls mean nothing.

Right now most TA hints at a correction - we just can't keep going up, up, up, we're overbought. But the low volume skews the timeframe as of which it will happen. It may just hold for another few days as new money flows in and latecomers buy on the Chinese news, taking us to $130 or maybe higher. However the longer we stay overbought the harder it will correct.

I would say that a major correction won't happen until Wednesday. Normally that's the day for both the big rallies or crashes. Don't really know what's the logic in it, but that's how it is usually.
el_rlee
Legendary
*
Offline Offline

Activity: 1600
Merit: 1014



View Profile
May 06, 2013, 10:27:18 AM
 #4689

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.
lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
May 06, 2013, 10:33:18 AM
 #4690

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.
KillaMarci
Member
**
Offline Offline

Activity: 84
Merit: 10


Bitcoin Mininode...and proud!


View Profile
May 06, 2013, 10:34:47 AM
 #4691

Looks like I was wrong about $120 and $125...or did someone actually dump a lot of coins around that price?  Huh (I've been asleep, good morning)
solex
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


100 satoshis -> ISO code


View Profile
May 06, 2013, 10:47:19 AM
 #4692

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,
el_rlee
Legendary
*
Offline Offline

Activity: 1600
Merit: 1014



View Profile
May 06, 2013, 10:51:16 AM
 #4693

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.


the bigger news is that the Chinese government didn't censor it
Its About Sharing
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000


Antifragile


View Profile
May 06, 2013, 10:54:47 AM
 #4694

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,


I don't see any option at bitcoincharts.com for that type of chart. Do you mean he just used their data and then his own charting software or ?

That is a really interesting chart, probably because it just keeps going up steadily  Grin

If you could find the link that would be great - much appreciated.

IAS
Rampion
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
May 06, 2013, 10:56:17 AM
 #4695

Fresh news about Paypal/Ebay and Bitcoin: http://blogs.wsj.com/digits/2013/04/30/could-paypal-be-on-horizon-for-bitcoin/
Technomage
Legendary
*
Offline Offline

Activity: 2184
Merit: 1056


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
May 06, 2013, 11:01:33 AM
 #4696


Fresh? You have to be kidding me. That is week old news that everyone who is aware of anything around here, is already aware of.
solex
Legendary
*
Offline Offline

Activity: 1078
Merit: 1002


100 satoshis -> ISO code


View Profile
May 06, 2013, 11:01:56 AM
 #4697

Interesting chart. Where did you get it from?

From a colleague of mine, who used bitcoincharts.com data.

ManBearPig has price data going back to 2009 which shows the trend has been consistent from the start,


I don't see any option at bitcoincharts.com for that type of chart. Do you mean he just used their data and then his own charting software or ?

That is a really interesting chart, probably because it just keeps going up steadily  Grin

If you could find the link that would be great - much appreciated.

IAS

Yes. Raw data only from bitcoincharts. You can set the chart you want, like this all-time daily one:
http://bitcoincharts.com/charts/mtgoxUSD#igDailyztgSzm1g10zm2g25
And use the "load raw data" at bottom left to get the numbers. Then chart it in any package (in log form)
Rampion
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
May 06, 2013, 11:02:21 AM
 #4698


Fresh? You have to be kidding me. That is week old news that everyone who is aware of anything around here, is already aware of.

Yeah man, sorry about that, I just received the link on a newsletter today and I didn't see the date.
gizmoh
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000



View Profile
May 06, 2013, 11:29:50 AM
 #4699

I think our $2 million guy managed to know how to buy with multiples 999btc buys at the high price..
ManBearPig
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
May 06, 2013, 11:30:34 AM
 #4700

Forget the Chinese news, Bitcoin on btcchina.com is already cheaper than on mtgox again.

By the way: oanda.com, on of the biggest currency exchange rate sites shows the (a) Bitcoin rate now.

We wont really see the effects of the TV show in China for at least another few days and pushing well into the weeks and months. To dismiss it as over already, is pretty shortsighted.

Exactly. Once those downloaders realise what they've downloaded is not mining software, they'll be investing. We are anyway just recovering from being massively oversold and the Gox legal case.

Higher lows is the general trend.
Pages: « 1 ... 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 [235] 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 ... 33453 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!