hazek
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January 28, 2012, 03:46:52 PM |
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Seems to me this picture is a bit bearish short term judging by the resistance curve's slope
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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chsados
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January 28, 2012, 04:17:02 PM |
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is there anywhere to see a graph of this?
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S3052
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January 28, 2012, 04:39:56 PM |
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Seems to me this picture is a bit bearish short term judging by the resistance curve's slope
It is normal that shortly after a price surge that there is some void on the bid side.
As mentioned before, I would not rely too much on the orderbook. It gives too many false signals and can be manipulated too easily.
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NamelessOne
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January 28, 2012, 04:44:58 PM |
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Seems to me this picture is a bit bearish short term judging by the resistance curve's slope
It is normal that shortly after a price surge that there is some void on the bid side.
As mentioned before, I would not rely too much on the orderbook. It gives too many false signals and can be manipulated too easily.There are so many 'ghost' bids/sells it is incredible. I won't call these 'fake bids', since the fake ones actually seem to have real btc/dollars supporting them even if they are removed when the price hits them. These ghost bids/sells seem to be used as bait to lure people in one direction or the other. Usually it is batches of 300btc. When when you try to buy into one you get nothing.
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arepo
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this statement is false
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January 31, 2012, 01:48:22 AM |
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we're looking quite entrenched, for the moment.
stable perhaps?
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period. 18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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antoineph
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January 31, 2012, 02:05:16 AM Last edit: January 31, 2012, 02:29:28 AM by antoineph |
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we're looking quite entrenched, for the moment.
stable perhaps?
Whale can come by at any moment and blow everyone's expectations out of the water. Except for the expectation that a whale will come by at any moment
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NamelessOne
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January 31, 2012, 03:23:54 AM |
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This is looking like bot territory.
This. And I'm getting very sick of it. It seems as though the bot owner is doing everything to keep the price from climbing. The bot appears to have a 'place a couple hundred btc just a little lower than the last price' thing happening. Of course... if it is a bot/bots...
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NamelessOne
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January 31, 2012, 04:30:48 AM |
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This is looking like bot territory.
This. And I'm getting very sick of it. It seems as though the bot owner is doing everything to keep the price from climbing. The bot appears to have a 'place a couple hundred btc just a little lower than the last price' thing happening. Of course... if it is a bot/bots... Take a look at 30min RSI... Do you know a human that is disciplined enough to trade that regular? Nope. arrgggg
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 31, 2012, 05:21:26 AM |
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This is looking like bot territory.
This. And I'm getting very sick of it. It seems as though the bot owner is doing everything to keep the price from climbing. The bot appears to have a 'place a couple hundred btc just a little lower than the last price' thing happening. Of course... if it is a bot/bots... Take a look at 30min RSI... Do you know a human that is disciplined enough to trade that regular? Nope. arrgggg So are these bots intentionally selling cheap to keep the price low? The buy high, sell low theory of negative wealth?
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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NamelessOne
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January 31, 2012, 01:47:10 PM |
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Yes, it doesn't feel like the stabilizer bot again. It was enjoyable over the last 40 minutes to watch the price climb ever so higher without an obvious botting. Then bam... bot tosses down 900 on the sell side... now it is about 700... it seems to disappear when someone tries to buy through it. Another 'ghost sell' as I call them. Though it looks like other people are getting sick of this too.
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NamelessOne
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January 31, 2012, 02:38:35 PM |
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Bam... bot is back.
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N12
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January 31, 2012, 02:40:33 PM |
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Would someone explain for stupids what exactly "the bot" is doing? I don’t get it, it seems like bears and bulls trying to manipulate each other. Maybe first I will say what I saw. I saw the order book increase very quickly and some bigger orders near the market price pop up. Then, people bought up a bit and the buy orders vanished. I also saw similar stuff on the ask side.
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NamelessOne
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January 31, 2012, 02:44:10 PM |
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It appears similar to the stabilization bot two months ago. Just starts selling and creating walls the moment the price climbs. Pretty much doing everything possible to prevent a climb if there is upward pressure. Might do the same if there is downward pressure, but the last couple days, it appears to have been trying to keep it down.
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N12
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January 31, 2012, 02:46:59 PM |
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The upwards pressure was initiated buy a bot putting up bigger, evenly sized bit near the market price. The bids then vanished after there was some buying.
Maybe it’s one bot trying to create VOLATILITY so it can profit?
Or it’s two fighting bots. I don’t know.
ONE THING I know for sure, though. This was manipulation, not normal market behaviour.
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zby
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January 31, 2012, 02:56:01 PM |
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The upwards pressure was initiated buy a bot putting up bigger, evenly sized bit near the market price. The bids then vanished after there was some buying.
Maybe it’s one bot trying to create VOLATILITY so it can profit?
Or it’s two fighting bots. I don’t know.
I did not look very carefully - but what I've seen is that there was a strong buy up to 5.57 - with a sizeable leftover that was later moved back to 5.16. Did the bot participate in this?
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N12
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January 31, 2012, 03:01:49 PM |
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No, what I’m saying is the buying happened AFTER the bot put up some big bids. It was definitely a bot because a) the bids were of the same size and b) the order book transformed within minutes, it was over 53k to $5 at the peak. Now it’s back to "normal". What I do not get is WTF happened thereafter. Bids withdrawn and someone sold into it? Maybe this is an attempt to get the Bitcoinica longs to leverage up more?
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zby
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January 31, 2012, 03:23:05 PM |
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No, what I’m saying is the buying happened AFTER the bot put up some big bids. It was definitely a bot because a) the bids were of the same size and b) the order book transformed within minutes, it was over 53k to $5 at the peak. Now it’s back to "normal". What I do not get is WTF happened thereafter. Bids withdrawn and someone sold into it? Maybe this is an attempt to get the Bitcoinica longs to leverage up more? So you say that he bot provoked someone to buy? This can be a possible bot strategy - it leave asks and then try to push someone to buy them. When they are bought remove the bids and hope for the price to return to the base.
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 31, 2012, 04:59:28 PM |
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It is actually more likely that we have two or more bots battling each other. That can make it very difficult to tease out individual strategies.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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molecular
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January 31, 2012, 06:30:56 PM |
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we're looking quite entrenched, for the moment.
stable perhaps?
Whale can come by at any moment and blow everyone's expectations out of the water. Except for the expectation that a whale will come by at any moment sleepy squirrel?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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arepo
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this statement is false
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February 01, 2012, 10:03:19 AM |
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looks fairly bullish when combined with recent uptrends and the ability of the price to coast back to $7 once we get over this very next level of resistance...
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period. 18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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