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

[squidface]

ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

This is a steady stream of buys. These trades aren't originated by sellers because the seller's orders are being hit all the time. Someone is accumulating a large holding and does not want to do the usual whale splash of ripping up the ask wall.

Those were buys on stamp, and sells on gox.

You can't see it now though as it seems to have stopped.

I wonder if someone is succesfully getting USD out of gox and is trying to arbitrage while minimising slippage. Or gox themselves are.

We'll see if it starts again.

[derpinheimer]

Bistamp has had both buy and sell 1BTC bots. Gox only has a sell bot.

Here is bitstamp sell bot:  

Edit; Notice the peculiar buy/sells that add up to exactly 1? Whats that?

[TERA]

Bistamp has had both buy and sell 1BTC bots. Gox only has a sell bot.

Here is bitstamp sell bot: 

Actually they're buys being incorrectly coded as sells. If you looked at the bid and ask you could see that.

[derpinheimer]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

[TERA]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

i286 seems to be having a bug today. I watched a stream of these "sells" go through at 126.38. During that time there was an ASK at 126.38 and each time one of the trades went through, the ask was reduced by 1BTC.

[RationalSpeculator]

...

i could go on but i would just suggest people not listen to a politician for market analysis, there is a reason why his role in society is politician not hedge fund manager...

good critique

he lost reputation in my eyes. I thought he was a visionary but such post is considered bear spam here, of the dumb kind.

another one that sold out for cheap and blames his mistake on the market...

[RationalSpeculator]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

[molecular]

...

i could go on but i would just suggest people not listen to a politician for market analysis, there is a reason why his role in society is politician not hedge fund manager...

good critique

he lost reputation in my eyes. I thought he was a visionary but such post is considered bear spam here, of the dumb kind.

another one that sold out for cheap and blames his mistake on the market...

This was my impression, too. Very sad. I can't find another explanation for his post than him having sold quite some time in the past and being bitter about it.

His analysis isn't worth much since it only considers bitcoin value derived from its use for transacting (and even that is questionable due to the way he pulls numbers out of his ass), not as money / store of wealth. I surely thought he'd know better.

In case he's deliberately misleading people that's kind of low, but honestly: I could understand and many here (probably myself included) do similar things, just with less weight behind them.

[RationalSpeculator]

ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!

I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  

Let me guess: all in land  

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'? 

[prophetx]

ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!

I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  

Let me guess: all in land  

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'?  

I think what he means by selling slowly is that no one is taking big dumps, as happened 2x now during the shake out periods.

obviously sellers of stuff for BTC need to liquidate into dollars/euros as 99.9% of the world economy has yet to accept BTC for stuff... so you cannot interpret some selling as lack of faith in BTC but rather merchants needing fiat to pay their invoices.

[adamstgBit]

ummm, the same thing is going on at bitstamp. slow and steady stream of 1 btc sells.

thats something like 2-400/hr on each exchange.

its not unusual to see 10,000 - 25,000BTC traded in 1 hour

the sellers selling slowly at market is bullish!

I see no such volume anywhere.

Sellers selling slowly = bullish ?

What world do you live in  

Let me guess: all in land  

Where facts and reason build serve the position.

Or are you just trying to compensate for Falkevinke his all-out 'logic'?  

I think what he means by selling slowly is that no one is taking big dumps, as happened 2x now during the shake out periods.

obviously sellers of stuff for BTC need to liquidate into dollars/euros as 99.9% of the world economy has yet to accept BTC for stuff... so you cannot interpret some selling as lack of faith in BTC but rather merchants needing fiat to pay their invoices.

it hints that no one intents on crashing the price to buy back lower, they are now focused on getting the most for each bit.

[notme]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

[adamstgBit]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

not necessarily

their could be nothing but selling going on and price go up! its not That hard to orchestrate... bids outbid higher and higher and seller sell slowly.

[notme]

How do you know? Bitcoinity incorrectly labels things because it goes by 'trending up/down" which doesnt tell you with certainty that something was a buy or sell. Trading.i286 should act the same as clarkmoody where it really means sell or buy, even if someone just market sold for more than someone else just market bought.

I find the red and green colors very confusing on i286

green should be buys, red should be sells but I understand it's the inverse, right?

Why?

If the buy orders get filled, they are filled by sells and the candles will show red.

If the sell orders get filled, they are filled by buys and the candles will show green.

not necessarily

their could be nothing but selling going on and price go up! its not That hard to orchestrate... bids outbid higher and higher and seller sell slowly.

Sure, but what I described happens way more often.  Anyway, my point was to not get hung up on colors.  For every buy there is a sell.

[Walsoraj]

Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

single digits by friday, you can trust me bro

[VolanicEruptor]

Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

single digits by friday, you can trust me bro

I believe you because you said "bro"!

[Adrian-x]

An interesting estimate @ total Bitcoin volume
http://data.bitcoinity.org/

[SkRRJyTC]

Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

http://bitcoincharts.com/charts/bitstampUSD#rg180zig2-hourztgSzm1g10zm2g25zxzi1gAccDistzv

The accumulators have moved to a different ship.

[Adrian-x]

Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

http://bitcoincharts.com/charts/bitstampUSD#rg180zig2-hourztgSzm1g10zm2g25zxzi1gAccDistzv

The accumulators have moved to a different ship.

Would I be correct in assuming:  one cause could be all the liquid coins are not trading because they are being taken up by strong hands, and the supply is also distributing to a smaller minority as difficulty increases.  (So we could see a potential bubble?)

Or would I be better served by assuming that the volume is so low because there is very little new demand at the current price. (so we could see a correction?)

[MAbtc]

Accumulation Distribution is taking a pretty steady nosedive as price is flat... Treading water, but for how long?

http://bitcoincharts.com/charts/bitstampUSD#rg180zig2-hourztgSzm1g10zm2g25zxzi1gAccDistzv

The accumulators have moved to a different ship.

Would I be correct in assuming:  one cause could be all the liquid coins are not trading because they are being taken up by strong hands, and the supply is also distributing to a smaller minority as difficulty increases.  (So we could see a potential bubble?)

Or would I be better served by assuming that the volume is so low because there is very little new demand at the current price. (so we could see a correction?)

My money is on the latter.