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Author Topic: resistance at $5.3 deteriorating  (Read 4614 times)
bitcoinBull
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June 04, 2012, 06:42:31 AM
 #1

The wall at $5.3 is withering away (was equal in size to the bid wall. now half).


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June 04, 2012, 07:09:06 AM
Last edit: June 04, 2012, 08:46:17 AM by zby
 #2

The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down.  I personally don't expect much down move - but it is now correction time.
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June 04, 2012, 08:42:59 AM
 #3

The ask wall is growing not deteriorating - the bid wall was doubled, but it was also moved down.  I personally expect much down move - but it is now correction time.

Thanks for clearing that up; I wasn't watching closely enough. Bid wall doubled then.

I agree with you; it is time for a correction. An upward correction, before resuming the long-term upward mega-trend!

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June 04, 2012, 09:17:42 AM
 #4

It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.

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June 04, 2012, 10:09:14 AM
 #5

It's hard to know anything in this market but I do think that we're in a blatant bear trap right now. $5.5 will be at least tested soon.

The bear trap would be if we test $5.0-$5.1 one last time before gapping back up. But as of now, it looks like $5.5 is going to get squeezed sooner rather than later.

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June 04, 2012, 12:47:22 PM
 #6

That was quicker than expected  Shocked

bid wall now three times the size of the asks.


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June 04, 2012, 02:04:32 PM
 #7

That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.

bitcoin price cannot be sustained above $10k <---- scientific fact
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June 04, 2012, 03:07:21 PM
 #8

That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.

Someone Just did.
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June 04, 2012, 03:14:13 PM
 #9

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated

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June 04, 2012, 03:19:07 PM
 #10

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated


It was a 13k sell into the smaller bidwall. The huge bidwall got pulled.

Edit: And the askwall got a lot smaller.

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June 04, 2012, 03:30:29 PM
 #11

yes now the 10k bid wall at 5.30 is equivalent to the 10k at 5.17
im not pessimistic right now...

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June 04, 2012, 03:33:31 PM
 #12

That was quicker than expected  Shocked

bid wall now three times the size of the asks.



When things look like this on the depth chart I get suspicious of an impending dump.

Someone Just did.

<pats self on back>

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June 04, 2012, 03:36:27 PM
 #13

You are patting your self for predicting a dump that didnt move the price...  Good job?
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June 04, 2012, 03:42:29 PM
 #14

looks like the bidwall's gone too...

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June 04, 2012, 03:56:09 PM
 #15

You are patting your self for predicting a dump that didnt move the price...  Good job?

A journey of a thousand miles begins with a single step.  Or something like that. 

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June 04, 2012, 04:06:21 PM
 #16

was that a sell or just the manipulator pulling of the wall?
it's time, the real investors take up the upward pressure and not let themselves being manipulated


It was a 13k sell into the smaller bidwall. The huge bidwall got pulled.

Edit: And the askwall got a lot smaller.


Accumulators be accumulatin'...

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June 04, 2012, 04:18:59 PM
 #17

More coins needed on Intersango  Wink


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June 04, 2012, 05:44:11 PM
 #18

the wall is a lie
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June 04, 2012, 06:20:23 PM
 #19

the wall is a lie

maybe the lack of walls is the lie  Wink

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June 04, 2012, 06:27:55 PM
 #20

I scoff at your 'walls'...

The walls set the price.

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June 04, 2012, 09:43:23 PM
 #21

I scoff at your 'walls'...

The walls set the price.

The walls come and go. They don't effect the probability/price distributions, and contain about the same amount of information as noise. I have measured it. And that is about all the information I feel like feeding this market.

Its not easy to measure the information in a signal. I guess I have to sacrifice one of my own secrets to win this battle.



Quote
One of the key observations of inventory models is that the shape of the order book is predictive of impending changes in the market price. Figure 10.4 illustrates the phenomenon identified by Cao, Hansch, and Wang (2004). In panel (a), market price is “pushed” by a large concentration of conservative limit orders.
Cao, Hansch, and Wang (2004) find that the shape of the limit order book is actively exploited by market-making traders. Cao, Hansch, and Wang (2004) also find that the breadth and depth (also known as the length and height) of the limit order book predicts 30 percent of the impending price moves. Furthermore, the asymmetry in the order book generates additional information.


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June 05, 2012, 01:09:37 AM
 #22

Resistance is futile.

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bitcoinBull
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June 05, 2012, 03:03:00 AM
 #23

<pats self on back>

That was another good call proudhon. Somehow we both managed to be right today!

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June 05, 2012, 03:07:45 AM
 #24


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June 05, 2012, 04:12:38 AM
 #25

it just keeps looking better eh...


this is not good  Lips sealed

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June 05, 2012, 04:36:36 AM
 #26

That wall at 5.25 doesn't look well built.
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June 05, 2012, 04:45:00 AM
 #27

if anything what we are seeing signal's the end of this stability

so hold on to your hats and remeber these numbers

5.6 , 6 , 5.4, 7, 5.99, 8

good luck! Wink

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June 05, 2012, 05:06:30 AM
 #28

Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable.

Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall?

Nobody knows anything in advance (except insiders). What's more tradable than walls?

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June 05, 2012, 05:25:39 AM
 #29

Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable.

Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall?

Nobody knows anything in advance (except insiders). What's more tradable than walls?

Quantitative probability...

a(a) + $Xr(B/A) + %X[%Xr(B/A)] + 2%X(v(B/A)+a(B/A)

= 8$

 Cheesy

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June 05, 2012, 07:16:32 AM
 #30

if anything what we are seeing signal's the end of this stability

so hold on to your hats and remeber these numbers

5.6 , 6 , 5.4, 7, 5.99, 8


Why exactly 8 ?

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June 05, 2012, 07:32:48 AM
 #31

if anything what we are seeing signal's the end of this stability

so hold on to your hats and remeber these numbers

5.6 , 6 , 5.4, 7, 5.99, 8


Why exactly 8 ?



Because adamstgBit is smoking too much V^2 + 2E + D
Lol!
i smoke once in a while....


I've been saying 8$ for a long time and I'm sticking to it.  Grin


edit : to see who smoked what see this thread https://bitcointalk.org/index.php?topic=62753.0

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June 05, 2012, 12:45:57 PM
 #32

Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable.

Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall?

Nobody knows anything in advance (except insiders). What's more tradable than walls?

Quantitative probability...

I suppose you're right. And if you calculate that for the rest of us mere mortals, you can use it to give us... walls.

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June 05, 2012, 12:54:59 PM
 #33

Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable.

Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall?

Nobody knows anything in advance (except insiders). What's more tradable than walls?

+1
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June 05, 2012, 03:47:37 PM
 #34

Again with the walls... They come, they go, unless you know in advance where they will show or drop it's not tradeable.

Market makers adjust the depth of their limit orders to the rate of market orders (usually). Thin depth on one side indicates high demand and low supply. As short-term signals they are as good as anything else, probably one of the best. Who can deny that the recent action is due to the massive bid wall?

Nobody knows anything in advance (except insiders). What's more tradable than walls?

Quantitative probability...

I suppose you're right. And if you calculate that for the rest of us mere mortals, you can use it to give us... walls.

I have, and it hurt my profits.

I'm glad you're back.

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June 05, 2012, 10:40:43 PM
 #35

Does the current inability to short have anything to do with this move?

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June 05, 2012, 11:42:11 PM
 #36

Does the current inability to short have anything to do with this move?

I strongly suspect that it does and I can't wait for kronos to come online.

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June 06, 2012, 08:40:03 AM
 #37

I have, and it hurt my profits.
I'm glad you're back.

Me too. But I'm sad he deleted most of his posts!

There are many factors that could affect profits, stochastic variations (outside the assumptions of a particular quantitative probabilisitic model) for one. Bitcoinica spreads could be another.

Chodpaba should put his model back up. It might increase profits if perhaps instead of trying to follow market, the market tries to follow chodpaba!

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June 06, 2012, 06:58:34 PM
 #38

this tread should be called: resistance at $5.5 deteriorating

welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-)

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June 06, 2012, 07:17:16 PM
 #39



There's a good wall at $5.50
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June 06, 2012, 07:20:58 PM
 #40

this tread should be called: resistance at $5.5 deteriorating

welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-)

If I wanted to manipulate the market with that sort of signaling I totally would. But I don't think it is the best thing for the health of Bitcoin exchange markets, and I'm not that interested in the short game.
i just think, that another hard increase of bitcoinvalue would produce much media-backing what could bring Bitcoin to the final breakout and more bitcoin acceptance.

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June 06, 2012, 07:23:15 PM
 #41

this tread should be called: resistance at $5.5 deteriorating

welcome back chodpaba! it would be great, if you start sharing your information again! u can take much more profit while doing it ;-)

If I wanted to manipulate the market with that sort of signaling I totally would. But I don't think it is the best thing for the health of Bitcoin exchange markets, and I'm not that interested in the short game.
i just think, that another hard increase of bitcoinvalue would produce much media-backing what could bring Bitcoin to the final breakout and more bitcoin acceptance.

An increase will only get attention if it goes up and stays up.  If it shoots up everybody will just respond "give it a week, it will be back down".  Manipulation is not how we get to steady valuations above today's prices.

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