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

[igorr]

The real bitstamp wall is 10 times lower.

You make no sense. Just random, ramblings...

Just, do the research, and everything will be clear.

Enlighten us. Because you're probably only saying that because it makes your 'theory' a little tiny bit more possible. Tell us: why is the wall 10 times lower? Share your wisdom igorr.

Houbi have the real wall, because in China no manipulation,In China, due to the the manipulation loses head.

Bitstamp has lower volume of daily transactions than Huobi, about 3 times,
Bitstamp complete wall about 40k bitcoins !
Huobi complete wall about 5k bitcoins !
there is no logic,
It is pure manipulation of Bitsramp.

[spooderman]

Realistically if the price started plummeting towards 400, the wall would drastically shrink.

To all the fudders, just watch this and get out of my life and shut up and watch this again

https://www.youtube.com/watch?v=bTPQKyAq-DM

[proudhon]

Realistically if the price started plummeting towards 400, the wall would drastically shrink.

To all the fudders, just watch this and get out of my life and shut up and watch this again

https://www.youtube.com/watch?v=bTPQKyAq-DM

Sure, if the price began moving toward $400, the larger order could and would likely get pulled.  Nevertheless, a large market order for more USD than the cumulative bid sum of the wall and above would wipe it out before its owner had a chance to remove it.

[billyjoeallen]

Four days volume descending like a staircase.  You'd think there would be a battle over these coins running a $15 discount over last night,>60% discount from the ATH. The only demand I see is people like me waiting to buy back the same coins we dumped 12 hours ago.

[derpinheimer]

does anybody still care about walls? down to $400, it just crossed the 15k mark!

It is fake wall.
Just compare with huobi wall, and
you can see.
There no have any logic.
Huobi has a volume of daily transactions three times more than bitstamp and should have a greater wall than bitstamp.

China exchanges are more market order fans than limit order, wall is likely real

[thefunkybits]

Sure, if the price began moving toward $400

Proudhon is bullish now?!

[igorr]

does anybody still care about walls? down to $400, it just crossed the 15k mark!

It is fake wall.
Just compare with huobi wall, and
you can see.
There no have any logic.
Huobi has a volume of daily transactions three times more than bitstamp and should have a greater wall than bitstamp.

China exchanges are more market order fans than limit order, wall is likely real

Houbi have the real wall, because in China no manipulation,In China, due to the the manipulation loses head.

Bitstamp has lower volume of daily transactions than Huobi, about 3 times,
Bitstamp complete wall about 40k bitcoins !
Huobi complete wall about 5k bitcoins !
there is no logic,
It is pure manipulation of Bitsramp.

[plasticAiredale]

Just, do the research, and everything will be clear.

I don't know why but this way of responding to the question reminds me of that crazy woman at the VP debates in 2012 ranting about Obama being a Communist and telling people to "study it out,  just study it out" instead of actually explaining why she believes it.

http://www.youtube.com/watch?v=2E87gciwebw

[chessnut]

Sure, if the price began moving toward $400

Proudhon is bullish now?!

can we have a confirm?

[dreamspark]

Just, do the research, and everything will be clear.

I don't know why but this way of responding to the question reminds me of that crazy woman at the VP debates in 2012 ranting about Obama being a Communist and telling people to "study it out,  just study it out" instead of actually explaining why she believes it.

http://www.youtube.com/watch?v=2E87gciwebw

Never seen that before. Thanks, hilarious, reminds me of some people I know.

[Walsoraj]

Sure, if the price began moving toward $400

Proudhon is bullish now?!

can we have a confirm?

Unconfirmed

[adamstgBit]

Sure, if the price began moving toward $400

Proudhon is bullish now?!

can we have a confirm?

Unconfirmed

confirmed

proudhon turned into a cautious bull a long time ago. wouldn't surprise me at all that he's bought a few at these prices or higher...

[Pruden]

The volume post-emptyGox seems so low that one has to wonder just how much of this rise to 1200 was actually caused by the virtually virtual GoxUSD

well really, how can the volume continue when it is all confiscated?

Gox was a monopoly whereas now exchanging is distributed among several big players. Have you tried adding up Bitstamp+Bitfinex+BTC-e? They give daily figures very similar to what MtGox used to have until May 2013.

[mmitech]

anyone here trades on bitfinex? what is the overall experience there ? are they trustworthy ? 

they say that they are in Beta, so where are they located and do we know the owners....to be honest, I was trading Litecoin exclusively on BTC-e, but I don't feel comfortable with leaving my funds there for more than a couple of hours, I get really nervous, I missed many opportunities because of that... now I am considering to move to Bitfinex for the time being until bitstamp adds Litecoin.


I only need to trade LTC/USD and vice-versa without the need to withdraw Fiat, so do I need to be verified ?

 

[Zule]

anyone here trades on bitfinex? what is the overall experience there ? are they trustworthy ? 

they say that they are in Beta, so where are they located and do we know the owners....to be honest, I was trading Litecoin exclusively on BTC-e, but I don't feel comfortable with leaving my funds there for more than a couple of hours, I get really nervous, I missed many opportunities because of that... now I am considering to move to Bitfinex for the time being until bitstamp adds Litecoin.


I only need to trade LTC/USD and vice-versa without the need to withdraw Fiat, so do I need to be verified ?

 

You dont have to be verf for now, but I got to warn you, its really hard to make money there, huge spreads in a volatile day, esp ltc

[LMGTFY]

they say that they are in Beta, so where are they located and do we know the owners....

No personal experience with bitfinxex, but its parent company is iFinex (http://ifinex.net/), they have offices in London, Milan, New York and Hong Kong - not sure which one is the head office, or if their offices are "physical" or "virtual".

[pinky]

anyone here trades on bitfinex? what is the overall experience there ? are they trustworthy ? 

they say that they are in Beta, so where are they located and do we know the owners....to be honest, I was trading Litecoin exclusively on BTC-e, but I don't feel comfortable with leaving my funds there for more than a couple of hours, I get really nervous, I missed many opportunities because of that... now I am considering to move to Bitfinex for the time being until bitstamp adds Litecoin.


I only need to trade LTC/USD and vice-versa without the need to withdraw Fiat, so do I need to be verified ?

 

It's ok, but low liquidity compared to btc-e.
Trust? Are you serious? Of course you can't trust them. This is bitcoin, everyone is a potential scammer or idiot.

[igorr]

does anybody still care about walls? down to $400, it just crossed the 15k mark!

It is fake wall.
Just compare with huobi wall, and
you can see.
There no have any logic.
Huobi has a volume of daily transactions three times more than bitstamp and should have a greater wall than bitstamp.

China exchanges are more market order fans than limit order, wall is likely real

just compare volume !

View Screen Capture

View Screen Capture

[JorgeStolfi]

anyone here trades on bitfinex? [ ... ] where are they located and do we know the owners....

They are located in Hong Kong but cater to foreign clients only.  Their CEO has a French name, somewhere I read they had some Canadian investors.
http://www.reddit.com/r/BitcoinMarkets/comments/1t9h2r/are_our_funds_safe_on_bitfinex_it_is_a_hong_kong/

[jonoiv]

So put simply,  Chinese bed time = coin dump because they only want to hold fiat overnight?

Not quite...

It is a fact that Huobi's volume is very low around 03:00 am local time. (OKCoin has a steady background traffic that does not disappear even at those times, may be fake volume.)

My impression (not yet verified quantitatively) is that the prices sampled daily at that time of the day are more likely to follow steady trends over successive days  than prices sampled at other hours, or even mean daily prices.  

It is my impression, also, that the price at that hour often deviates from the current trend whenever the trade volume is large at that hour, compared to the daily volume (i.e., when Huobi's clients stay up trading through the night).  However, the price sometimes returns to that trend on the next night, if Huobi's clients go to bed at the usual time.

These impressions are the basis of the "Chinese Slumber Method".  I look the price and volume around 03:00 am.  If the volume too high relative to the day's total volume, I ignore that data point (W near zero).  Then I try to fit a simple trend formula to the most recent good points (W near 1), either a straight line or a shifted exponential, and extrapolate it to predict the value at the next "slumber time".

At each day I must decide whether to continue with the previous trend or assume a trend break and start a new trend,  Bad "slumber points" are preferred trend break points.  Apart from this general principle, the choice of breaks is still subjective (but I hope to automate it, with dynamic programming, if Huobi does not collapse on April 15).

I do not believe that past prices by themselves are useful to predict future prices.  However, I believe that the price is influenced by certain "concrete" factors, such as the amount of money and coins in the exchange, or the general mood of the traders; and that these factors tend to change gradually over several days -- but suddenly at times, in response to news or new exchange policies.  The "Chinese Slumber" method tries to determine the price trends determined by those "concrete" factors.

I don't know why the "slumber prices" should follow the trend more faithfully than prices sampled at other times (if they indeed do).  One guess is that most traders return to their "base positions" (their preferred ratios of CNY:BTC in their accounts) before going to bed; and those moves somehow cause the price to drift back to the "ideal" price determined by the "concrete" factors.  Whereas, during the day they may deviate considerably from those positions, thus adding "noise" to the price.  But that is only a guess.
 

My brain is not as big as a lot of people on this forum and I can't claim to fully understand your method.  But i can grasp the concept (I think).  

I like to use more, visual prediction methods.  Looking at your diagrams there is obviously some truth to it. Are you saying even though the volume is low at these times on Huobi, the overall sentiment is like an amplification of feeling causing a chain reaction, through the collective "final trade" of the night?

You made predictions last night.  Do you still hold true to those predictions?  where do you see the price going in the next 2-4 hours?