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

[humanitee]

If my bank account isn't verified with Coinbase can I still reserve coins at this price while they verify it?

[derpinheimer]

Because someone looking to manipulate the price would never think of actually buying coins....right?

So a graph of bought coins making available coins drop is clearly proof that those buys were manipulated, right? LOL.

you can easily see the price is being manipulated right now...check order books on the highest volume exchanges.

It still has nothing to do with the graph he posted.. 

[jski]

If my bank account isn't verified with Coinbase can I still reserve coins at this price while they verify it?

NOPE!!!!

[dexX7]

you can easily see the price is being manipulated right now...check order books on the highest volume exchanges.

I think that's what you mean:



The last time I remember to observe many smallish orders of the same kind was during a larger dump and they were on the selling side.

[Kazu]

Is there any actual importance involved with the crossing of the bid/ask sum lines in blockchained, or is it entirely arbitrary.

[humanitee]

If my bank account isn't verified with Coinbase can I still reserve coins at this price while they verify it?

NOPE!!!!

Farts.

Thanks for your knowledge!

[MickeyT2008]

There might be a lot of manipulation but so long as you're aware of this and what they're trying to make everyone do then it's easier to do the opposite and profit from it rather than lose out.  Not that every wall is manipulation of course but some blatantly are.

[derpinheimer]

Is there any actual importance involved with the crossing of the bid/ask sum lines in blockchained, or is it entirely arbitrary.

completely arbitrary. Except in maybe all time, then it may have significance, but in 15d NONE.

Bid/Ask vs Price crossover is generally a weak indicator.

[readonlyaccess]

If my bank account isn't verified with Coinbase can I still reserve coins at this price while they verify it?

Yes, verification doesn't stop trading it only increases your daily limit from 10 to 50 BTC.  Personally though i'd never recommend coinbase as the fees are far to high.  Do something like campbx (dwolla deposits).

[solex]

The last time I remember to observe many smallish orders of the same kind was during a larger dump and they were on the selling side.

But how does micro-orders on the bid manipulate the price up?
Consider. If they get hit - what color will all the prints be...

[derpinheimer]

The last time I remember to observe many smallish orders of the same kind was during a larger dump and they were on the selling side.

But how does micro-orders on the bid manipulate the price up?
Consider. If they get hit - what color will all the prints be...

But they are placed there for someone desperate to push the price the other way

And if they arent hit.... then, it continues on without them.

Really though, thats all nonsense. If they are hit, then they might make a few stupid people follow them. Otherwise nothing happens.

[ChartBuddy]

[CMMPro]

I believe they are hoping to push the price in the direction they want enough to trigger other bots into buying or selling based on the market movement.

If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.


Plus....a lot of newbies just put in market orders without looking at the order book intelligently.

[solex]

I believe they are hoping to push the price in the direction they want enough to trigger other bots into buying or selling based on the market movement.

If they can get the fast ema to cross over the slow ema (for a simple example) they can likely trigger a bunch of less sophisticated bots into making a move.


Plus....a lot of newbies just put in market orders without looking at the order book intelligently.

They are probably there by someone who has got to the "magic" 0.25% comm rate and can make a steady profit by taking the spread all day as his 0.01s are constantly lifted on either side. During the down-wave they looked to be on both sides most of the time.

[CMMPro]

True, if they have super low fee's and a good bot they could "agitate" the market until the spread is higher than 2x their fee's...in this case 0.5%+ spread is enough to make money. 

[dwdoc]

Is this a real move up or DCB?

Either way looks like we'll be stuck at 80 awhile...

[humanitee]

Is this a real move up or DCB?

Either way looks like we'll be stuck at 80 awhile...

I vote the former. It's a little thin but I imagine by the end of this week we close solidly in the green.

[derpinheimer]

Im gonna be really surprised if we dont see one big dump in this.

Throughout this rise, asks have remained constant.. very bearish signal.

--Err, I should say -- The current rise. Of course total asks have dropped from the rallies hours before and the recent one.

LOL @ some bot.

About 300 bid on 77.5

Every time it was touched, it shifted a few cents in a random direction. Sometimes it one-upped itself by 0.001c, sometimes 1c, sometimes down a few cents.

Only a bit left of the wall. I wonder if the goal was to make sells appear as buys on bitstamp by one-upping itself 1c, since that would show as "trending up" AKA green arrow.

[__/]

We will see dumps.

The problem is not the dumps, it is how people respond to the dumps.

If someone dumps on their own, and people don't panic and follow, it is the dumper's loss.

[ChartBuddy]