Bitcoin Wisdom bugged ? Should be fixed ?

[AirFlame]

Ok today i was watching charts and this shit comes up. This is funny and suck because people that watch this charts can shit pans and start selling BTC. I think this site must be fixed. What do You think ?

[BreathOfZen]

What is the problem?

[EvilPanda]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

[BreathOfZen]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810.  you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

[Rannasha]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

[AirFlame]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810.  you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

I have checked mtgox, BTC-e, Huobi and there was no sell more than 2btc. I don't think bitcoin wisdom dont know what is sell and what is buy. They use API i think there is a error in the code they use.

[BreathOfZen]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810.  you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

I have checked mtgox, BTC-e, Huobi and there was no sell more than 2btc. I don't think bitcoin wisdom dont know what is sell and what is buy. They use API i think there is a error in the code they use.

If a single person had a large stash to sell on Bitstamp, why would you expect there to be large sales on other exchanges as well?

[EvilPanda]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

That's possible, but it still looks strange as the API showed 2 different readings at once - one that looked like a giant sell candle and the buy in the right column. If the API had a problem interpreting the data it should be wrong (as inconsistent with the actual market trade) in both the graph and the column.

It looks like it was a giant sell order set to 810, that ran into a large buy wall also at 810.  you can see that part of the sell order went unfilled, and is creating a sizable sell wall at 810 in that picture.

Yes, looks like the transatcion was really a sell (large dump) and the candle shows the real transaction, the trade column on the right shows the sold btc in green by mistake.

[Rannasha]

What is the problem?

Somehow the giant buy lowers the price on the chart - shouldn't it be the other way around?

Bitstamp doesn't provide any info to determine whether a trade was a buy or a sell in its API. So BitcoinWisdom has to make a guess and sometimes it guesses wrong.

That's possible, but it still looks strange as the API showed 2 different readings at once - one that looked like a giant sell candle and the buy in the right column. If the API had a problem interpreting the data it should be wrong (as inconsistent with the actual market trade) in both the graph and the column.

The candle and trade history are not necessarily inconsistent with eachother. The colour of the candle is only determined by the last/close price compared to the opening price of that candle. If the close is lower, the candle is red.

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

[AirFlame]

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

[EvilPanda]

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

This trade you posted doesn't seem to be the one from the screenshot. Both the price and the ammount are diferent.

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

Didn't know that, thanks for explaining.

[AirFlame]

Well there is no info if it's sell or buy transaction this is from api of bitstamp.

[{"date": "1390472229", "tid": 3179661, "price": "817.00", "amount": "1.82685435"}

But one wonders me what is broken the chart that show the candle or the info in the box near the chart

This trade you posted doesn't seem to be the one from the screenshot. Both the price and the ammount are diferent.

In a slow market, the bids and asks can move around without any trades occurring. If they move down, it's perfectly possible to have a red candle in a time window where there were only buys happening. It's not very likely, but possible.

Didn't know that, thanks for explaining.

No, no. This code is random from the api of bitstamp. And there is no info about if it's sell or buy