coinbiz (OP)
Jr. Member
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Activity: 42
Merit: 3
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October 16, 2014, 08:14:07 PM
Last edit: July 27, 2017, 05:44:59 AM by coinbiz |
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Removed.
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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October 16, 2014, 08:34:57 PM |
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It's not stacked, just one big player.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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master-P
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October 16, 2014, 09:58:11 PM |
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I never trade based on order books, and even then, I wouldn't actively day trade on Bitstamp.
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abs350
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October 16, 2014, 09:59:18 PM |
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Order book is irrelevant
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mnl92
Newbie
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Activity: 54
Merit: 0
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October 16, 2014, 10:05:41 PM |
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The ask looks really thin right now and has looked fairly thin all day. That's why I didn't put a timeline on the $340. I think it's inevitable, but perhaps not immediate. That wall disappeared but it seems more spread out now. Pressure is still there.
The order book is constantly changing. There are now far more buy orders than sell orders. http://s24.postimg.org/3nt1mpoj9/bitstamp15.png |
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Berau
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October 16, 2014, 10:08:41 PM |
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Going to over $390 for next few hours.
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hyphymikey
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October 16, 2014, 10:51:51 PM |
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You sold exactly as they wanted you to.
Now you will have to buy back at a loss.
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bitllionaire
Legendary
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Activity: 1120
Merit: 1000
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October 16, 2014, 10:54:52 PM |
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Going to over $390 for next few hours.
I doubt it I was just the single movement of a big one trying to stop the fall But the fall is not going to be avoided we'll reach at least 350$,and we'll see if we go further when it reaches that point |
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Markos
Member
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Activity: 108
Merit: 10
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October 16, 2014, 11:09:40 PM |
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I'm agree with you - bulls are trying to curse reality. Even if price goes to 500, downtrend won't reverse. It is too early.
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hyphymikey
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October 16, 2014, 11:26:48 PM |
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I'm agree with you - bulls are trying to curse reality. Even if price goes to 500, downtrend won't reverse. It is too early.
Too early according to what? |
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Markos
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Activity: 108
Merit: 10
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October 16, 2014, 11:44:24 PM |
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Log-linear trendline from 2013 is broken already. But the trendline from 2011 not yet.
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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October 16, 2014, 11:51:11 PM |
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You really cant predict short term price movements based on the orderbooks.
The past 3 weeks with strong downward pressure had only a very thin selling orderbook.
A few big players trying to play the market while it's still immature and emotional.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Jamacn
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October 17, 2014, 02:08:01 AM |
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$350 will be the bottom.
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wamatt
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Activity: 85
Merit: 10
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October 17, 2014, 04:39:15 AM |
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Order books are essentially L2. When I day trade stocks, the most helpful predictive factor is L2, and I only close buy/sell in no more than 5 minute intervals. I think short-term / long-term is subjective. I do agree that there's heavy manipulation going on though.
interesting. can you recommend any good L2 indicators worth paying attention to? |
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fantasticoin
Newbie
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Activity: 22
Merit: 0
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October 24, 2014, 02:49:01 AM |
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Looks like my price analysis is becoming a reality. If we break the $350 level, I think we'll slide right past $340 and down to $330s. Still trying to figure out how to analyze the multiple exchanges together for a better buy/sell timing though.
It somewhat like stabilizing this time of the month. Unlike last month where BPI is very very woobly. I couldnt guess what would happen next. |
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Mieehayii
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October 24, 2014, 02:58:03 AM |
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you are right, the price is going to $340.
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