resistance at $5.3 deteriorating

[bitcoinBull]

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.

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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[FreeMoney]

Resistance is futile.

[bitcoinBull]

<pats self on back>

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

[bitcoinBull]

[adamstgBit]

it just keeps looking better eh...


this is not good 

[Hexadecibel]

That wall at 5.25 doesn't look well built.

[adamstgBit]

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!

Breaks into song .
Mr bitcoin!
Bring me money
give me a chance, out of this Economy
http://www.youtube.com/watch?v=5WiXMcsfvXE

[bitcoinBull]

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?

[adamstgBit]

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$

 

[ildubbioso]

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 ?

[adamstgBit]

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.  


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

[bitcoinBull]

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.

[cypherdoc]

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

[proudhon]

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.

[byronbb]

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

[hazek]

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.

[bitcoinBull]

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!

[cloon]

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 ;-)

[Tittiez]

There's a good wall at $5.50

[cloon]

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.