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Raystonn
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October 02, 2014, 04:50:54 AM |
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Are you folks watching the book and order flow on Bitstamp? Do you see what I see?
I'm watching but didn't see anything peculiar. What did you see? 111 BTC dump down to 381.71. Then the bids immediately refilled back up to where they previously were. Accumulation is stalling the dumps. |
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mooncake
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October 02, 2014, 04:54:10 AM |
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111 BTC dump down to 381.71. Then the bids immediately refilled back up to where they previously were. Accumulation is stalling the dumps.
If this pattern persists, it would seem that the bears have split ranks internally, with some becoming bulls. |
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Raystonn
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October 02, 2014, 04:56:35 AM |
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The bears know the long term score. They were just looking to buy cheaper.  |
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ChartBuddy
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Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 02, 2014, 05:01:13 AM |
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explorer
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Activity: 2016
Merit: 1259
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October 02, 2014, 05:06:38 AM |
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looks like 1000 or so recently added to the bid side right up close to market... Action incoming? |
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IceJelly
Newbie
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Activity: 11
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October 02, 2014, 05:07:22 AM |
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When a falling knife forms as the price drops its usually a bad sign..
However, I have noticed that when a falling knife forms and the price holds (as it has for a bit)... it means a minor pump is coming..
We shall see.
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Raystonn
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October 02, 2014, 05:29:18 AM |
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Huobi bid walls now absorbing lots of market sells.
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JayJuanGee
Legendary
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Activity: 3892
Merit: 11156
Self-Custody is a right. Say no to"Non-custodial"
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October 02, 2014, 05:31:34 AM |
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but wouldn't everyone SCRAMBLE and make shit happen if they felt poor and wanted to be rich again
Yes. Though everyone is feeling poor right now anyway because their salary is buying 10% less than it did last year. Ah well, they can always go and borrow a bunch of money from the people the government is giving free money to. Those rich guys have money, but they are NOT lending the money out to regular peeps... Those rich guys with the money they may send some of the money to some of their big friends to trickle the money down to the masses in that way. |
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Raystonn
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October 02, 2014, 05:32:19 AM |
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Huobi bid walls now absorbing lots of market sells.
Flood of market sells has stopped. Huobi bid walls held. |
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Raystonn
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October 02, 2014, 05:33:24 AM |
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And here we go up...
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Raystonn
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October 02, 2014, 05:42:49 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
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fonzie
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October 02, 2014, 05:48:09 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
these walls exist since 2-3 days ago(mostly 3-4 single walls right below the spot price that add up to 700-900BTC, and are getting refreshed if necessary). They have already absorded at least 15-30k coins while i watched them live. If these are real trades (not selling in his own orders), then it seems that someone with really big pockets has entered the market through Huobi. |
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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October 02, 2014, 05:52:12 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
I don't know if you are talking about Stamp or Huobi in your other posts above but given the volume over the last hour on both exchanges, I don't think you can divine any sort of reversal or even a change in sentiment. It seems like the usual story of more sellers than buyers. I don't have access to the bid/sum ratio (anyone?) but the walls on btccharts.com look like a stalemate at best. |
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fonzie
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October 02, 2014, 05:57:58 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
I don't know if you are talking about Stamp or Huobi in your other posts above but given the volume over the last hour on both exchanges, I don't think you can divine any sort of reversal or even a change in sentiment. It seems like the usual story of more sellers than buyers. I don't have access to the bid/sum ratio (anyone?) but the walls on btccharts.com look like a stalemate at best. Bid sum down to 2300CNY has gone up almost 5x in the last 3 days on Huobi, from 1000 to almost 4500 BTC now. |
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Raystonn
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October 02, 2014, 05:58:28 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
I don't know if you are talking about Stamp or Huobi in your other posts above but given the volume over the last hour on both exchanges, I don't think you can divine any sort of reversal or even a change in sentiment. It seems like the usual story of more sellers than buyers. I don't have access to the bid/sum ratio (anyone?) but the walls on btccharts.com look like a stalemate at best. You're watching BTCChina? That exchange doesn't really contribute much to the overall picture. Look at Huobi on bitcoinity.org and watch that and Bitstamp on bitcoinwisdom.com. |
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Davyd05
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October 02, 2014, 06:02:24 AM |
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The Huobi bid walls are real, btw. A portion was eaten. But the rest remain.
I don't know if you are talking about Stamp or Huobi in your other posts above but given the volume over the last hour on both exchanges, I don't think you can divine any sort of reversal or even a change in sentiment. It seems like the usual story of more sellers than buyers. I don't have access to the bid/sum ratio (anyone?) but the walls on btccharts.com look like a stalemate at best. You're watching BTCChina? That exchange doesn't really contribute much to the overall picture. Look at Huobi on bitcoinity.org and watch that and Bitstamp on bitcoinwisdom.com. btccharts.com doesn't mean btc china the exchange. |
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ChartBuddy
Legendary
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October 02, 2014, 06:02:24 AM |
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Raystonn
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October 02, 2014, 06:09:13 AM |
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btccharts.com doesn't mean btc china the exchange.
When I load it up I see a couple BTCChina charts, one Bitstamp chart, and one BTC-e chart. I don't see Huobi, which is the most relevant exchange in China by far. |
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nanobrain
Legendary
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Activity: 1008
Merit: 1000
Dumb broad
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October 02, 2014, 06:25:25 AM |
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btccharts.com doesn't mean btc china the exchange.
When I load it up I see a couple BTCChina charts, one Bitstamp chart, and one BTC-e chart. I don't see Huobi, which is the most relevant exchange in China by far. You can login and then change all sorts of views, multiple exchanges etc on BTCCharts...bottom efthand corner there is a control panel - its not the most obvious UI. I'd also recommend Coinorama, I much prefer it to bitcoinity. But I wasn't talking about BTCChina but Huobi and Stamp. I still don't think the volume is enough to make the claims you are making above (much as I like to believe them  ). You are right though: visually the bid depth looks a lot more healthy on Huobi, it looks pretty balanced on Stamp though. Given its the run up to a w/e I would suggest we will get another dip though -- its been pretty rare to get much of price surge late in the week this year. |
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