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

[ChartBuddy]

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Explanation

[becoin]

Kraken BTC/EUR has a similar wall to Bitfinex on a smaller scale ... 200BTC orders stacking up 7000BTC between €231 and €237. Notable because it's Kraken.

Thanks for this... This is interesting. Theories, why someone is doing this?

I bet someone is hopping for another margin cascade?

Kraken allows every order above 50 bitcoins to be hidden. So every order above 50 bitcoins you see has just one purpose: manipulate market. Take care! I'd give my business to exchanges that do not allow hidden orders.

[ChartBuddy]

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[ChartBuddy]

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Explanation

[LFC_Bitcoin]

Are we going under??

I guess so 

under what?

i see the same value in the orderbooks and the same giant green thing on Finex when Chartbuddy posts

Under three digits, yes...

And then your Mum woke you up from your wet dream & told you it was time for school

[ask]

Are we going under??

I guess so 

under what?

i see the same value in the orderbooks and the same giant green thing on Finex when Chartbuddy posts

Under three digits, yes...

And then your Mum woke you up from your wet dream & told you it was time for school

Hehe.  I believe that there must be a way to shake weak hands.  Hope you sold already.  😊

[dreamspark]

Kraken BTC/EUR has a similar wall to Bitfinex on a smaller scale ... 200BTC orders stacking up 7000BTC between €231 and €237. Notable because it's Kraken.

Thanks for this... This is interesting. Theories, why someone is doing this?

I bet someone is hopping for another margin cascade?

Kraken allows every order above 50 bitcoins to be hidden. So every order above 50 bitcoins you see has just one purpose: manipulate market. Take care! I'd give my business to exchanges that do not allow hidden orders.

Why?

Bitfinex allows hidden orders?

Okcoin only shows around 10% of their order book.

Trading Forex you don't really get to see the order book at all.

Bitcoin is one of the few places where you get to see complete order books.

If anything you should want to trade on the most least manipulated exchange and that would be one that shows no order whatsoever.

[gentlemand]

Hehe.  I believe that there must be a way to shake weak hands.  Hope you sold already.  😊

The last 18 or more months haven't been enough to shake weak hands? If they're still here I think they've earned the right to not be called weak any more.

[becoin]

Trading Forex you don't really get to see the order book at all.

Oh, you can. Just need to be a privileged (level 2) customer!

But why should bitcoin forex be the same as the fiat forex trading? Bitcoin should be different! It must be 100% open and transparent! There is no excuse for hidden order books! Their only purpose is to not hinder the manipulation process through the "open" order books.

[Erdogan]

Kraken BTC/EUR has a similar wall to Bitfinex on a smaller scale ... 200BTC orders stacking up 7000BTC between €231 and €237. Notable because it's Kraken.

Thanks for this... This is interesting. Theories, why someone is doing this?

I bet someone is hopping for another margin cascade?

Kraken allows every order above 50 bitcoins to be hidden. So every order above 50 bitcoins you see has just one purpose: manipulate market. Take care! I'd give my business to exchanges that do not allow hidden orders.

The free market at work, keeping tabs on suspected cheaters. Glitters.

[LFC_Bitcoin]

Are we going under??

I guess so 

under what?

i see the same value in the orderbooks and the same giant green thing on Finex when Chartbuddy posts

Under three digits, yes...

And then your Mum woke you up from your wet dream & told you it was time for school

Hehe.  I believe that there must be a way to shake weak hands.  Hope you sold already.  😊

Never sold a single satoshi, it's sink or swim for me. I'm a long term HODLER, we'll see in many years time if I've made a good decision. I'm certainly not an owner of a pair of 'weak hands'

[Erdogan]

Trading Forex you don't really get to see the order book at all.

Oh, you can. Just need to be a privileged (level 2) customer!

But why should bitcoin forex be the same as the fiat forex trading? Bitcoin should be different! It must be 100% open and transparent! There is no excuse for hidden order books! Their only purpose is to not hinder the manipulation process through the "open" order books.

The point, seen from the customer using hidden orders, is to avoid scaring off other traders with a large wall. You can achive something like it by entering a small order, and refill as it is nipped at. We see that a lot on finex too.

Generally, i like to see everything, because then it is easier to spot eventual frontrunning. Competition among bourses should be enough to keep them in check.

Here is a horror story of front running, defrauding their customers. The regulators basically take a cut and polish over it.

http://www.zerohedge.com/news/2015-08-13/project-omega-why-hfts-never-lose-money-criminal-fraud-explained

[ChartBuddy]

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[Jdj1727]

Are we more likely to see $230 or $315 first?

[Spider-Carnage]

Are we more likely to see $230 or $315 first?

I'd like to think we're never seeing $230 again, except for freak occurrences.

[dreamspark]

Trading Forex you don't really get to see the order book at all.

Oh, you can. Just need to be a privileged (level 2) customer!

But why should bitcoin forex be the same as the fiat forex trading? Bitcoin should be different! It must be 100% open and transparent! There is no excuse for hidden order books! Their only purpose is to not hinder the manipulation process through the "open" order books.

Thats why I said you dont really get to see the order book at all as you can see your brokers order book if your a level 2 customer but you can't see the order book of all the other hundreds of brokers simultaneously.

Your argument doesn't make sense as you say hidden orders are manipulation but then you want all the order books open which are the whales primary manipulation tactic. Big scare walla to push the price in the direction they want. As seen by the walls that were up before the drop through 275 where a large amount of them were pulled.

[ChartBuddy]

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Explanation

[becoin]

Thats why I said you dont really get to see the order book at all as you can see your brokers order book if your a level 2 customer but you can't see the order book of all the other hundreds of brokers simultaneously.

I want to see the entire order book only of the exchange I'm trading with! Where did I say that I want to see the order book of all the other hundreds of bitcoin exchanges simultaneously?

Your argument doesn't make sense

No, your argument doesn't make sense. What you're basically saying is - blind people are more difficult to manipulate than people capable of seeing every activity around? Is that really what you're trying to convince me?

[ChartBuddy]

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[LFC_Bitcoin]

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Creeping up?
Is this going to stop at like 2 USD or have we started a bit of an upwards movement ahead of the weekend? We'll have to wait & see but it'd be nice to even get back to 275 or so tonight.