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

[explorer]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it. 

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[Vycid]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it.  

Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.

So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).

[Nolo]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it.  

Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.

So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).

Excellent.  Thank you very much. 

[OldGeek]

Excellent.  Thank you very much. 

No problem.  That'll be 8 btc, please.

[OldGeek]

Man.  If you're an action junkie that China market is the place for you.

[Nolo]

Excellent.  Thank you very much. 

No problem.  That'll be 8 btc, please.

Put it on my tab.

[Vycid]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it.  

Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.

So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).

Excellent.  Thank you very much.  

Correction: Actually, I just took a look at Bitcoinwisdom - they've got it configured differently than Bitcoinity. That "flat line" would actually be a vertical line on Bitcoinity - it implies a bid/ask wall at that price.

Sorry for the confusion, I'm used to the price being the x-axis and the cumulative depth being the y-axis.

[keewee]

Can someone explain to me in simple terms for this trading simpleton what the green and red lines that extend past the chart on the right on bitcoinwisdom represent?

For example, right now the green line is much taller than the red line.  The red line is almost flat extending out to the right.  If you don't know what I'm talking about, I'll get a picture and circle it.  

Green line is the bids on the order book, red line is the asks on the order book. Basically the height of those curves at any particular price represents the cumulative sum of the bids or asks above or below (respectively) that price.

So the "flatness" means nobody is trying to sell coins above a certain price (red line), but lots of people are trying to buy them for cheap (green line).

Pretty sure the red line is the bids and the green is the asks. As the red line gets eaten the price goes down and vice versa

[OldGeek]

Yep.  And that small wall at 1150 got eaten.

[Davyd05]

Yep.  And that small wall at 1150 got eaten.

yar the dump is strong tonight

[Davyd05]

Yep.  And that small wall at 1150 got eaten.

yar the dump is strong tonight

is this a crash in the making.. lol trying to count the coins sold lol

[OldGeek]

Bear fest sure enough.

[Walsoraj]

ALERT ALERT ALERT!

rpietila has given me the private key to his public opinion. He would like to communicate the following:

"Single digits by Friday!"

 

 

[OldGeek]

Didn't see all of them but there was a 1000 sell in there for sure.

[Davyd05]

Bear fest sure enough.

cavirtex doesn't really allow me to profit on this 50 dollar swings had one sell.. for the entire sell off so far.

[MikeH]

my Gox watching script sez:  LAG ALERT!  LAG ALERT!

[dwdoc]

Here we go

[Walsoraj]

This won't end well... for some anyone.

 

[Vycid]

DISASTER STRIKES!

72 whole hours of gains wiped out!

[Nemesis]

This won't end well... for some.

Buy&Hold Not affected  

Some noobs will hold a bag of GoxBux