Bitcoin Forum
December 08, 2016, 04:15:43 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 [683] 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 ... 1189 »
  Print  
Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1651573 times)
prof7bit
Hero Member
*****
Offline Offline

Activity: 672



View Profile WWW
March 15, 2013, 02:19:23 PM
 #13641

The graphs do look suspiciously like the $5 rate did just prior to the big crash way back then.

The graphs remind me of XAG/USD in 2010-2011, the way it suddenly started rising in a straight line for a few months (straight line on the semi log chart). Even the numbers match: It went to *almost* 50 and then crashed down into the 30's and stayed there (thats where the huge 1Million bid is sitting). Same type of Market forces at work?

Edit: and it crashed on a Friday if I remember correctly (I even mentioned this possibility on one of these not-so-serious trading forums a few hours(!) before it happened, then shorted silver, called Tyler Durden from ZH an idiot, switched off my PC and the next day I looked at the chart it was crashed (the price, not my PC).

Old Bitcoins recycling and disposal: 1N7ZcHoe77JncRYAg27RVqJZbrjqUQ77WE
Blockchain.info -> Multibit converter (and much more) https://github.com/prof7bit/wallet-key-tool
1481170543
Hero Member
*
Offline Offline

Posts: 1481170543

View Profile Personal Message (Offline)

Ignore
1481170543
Reply with quote  #2

1481170543
Report to moderator
1481170543
Hero Member
*
Offline Offline

Posts: 1481170543

View Profile Personal Message (Offline)

Ignore
1481170543
Reply with quote  #2

1481170543
Report to moderator
1481170543
Hero Member
*
Offline Offline

Posts: 1481170543

View Profile Personal Message (Offline)

Ignore
1481170543
Reply with quote  #2

1481170543
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
samson
Legendary
*
Offline Offline

Activity: 1092


View Profile
March 15, 2013, 02:20:59 PM
 #13642

The graphs do look suspiciously like the $5 rate did just prior to the big crash way back then.

The graphs remind me of XAG/USD in 2010-2011, he way it suddenly started rising in a straight line (on the semi log chart). Even the numbers match: It went to *almost* 50 and then crashed down into the 30's (thats where the huge 1Million bid is sitting). Same type of Market forces at work?

You never know, I've put an order in just in case  Grin
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
March 15, 2013, 04:12:51 PM
 #13643

Remember back in June 2012 when it looked like it got stuck at $7 resistance?  Well, we broke through that time and 30k BTC of walls got bought up.  Wink

(BFL)^2 < 0
phelix
Legendary
*
Offline Offline

Activity: 1680


nmc:id/phelix


View Profile
March 15, 2013, 04:31:48 PM
 #13644

New 15 day version of the depth chart on blockchained.com:


(updated every 18mins or so)

blockchained.com ■ bitcointalk top posts
DougTanner
Sr. Member
****
Offline Offline

Activity: 280



View Profile
March 15, 2013, 04:38:48 PM
 #13645

Am I reading this correctly? There are 8 Million USD in bids sitting on MtGox? And the price is just standing still?!

Jesus, it's going up exponentially.


Help pay for my BTCCharts.com subscription: 1DTannerQHQD7qjSmA3abLQaDkVFLnBGma
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
March 15, 2013, 04:40:23 PM
 #13646

As those bids build up, we're going to see a bit more upward pressure soon...

(BFL)^2 < 0
humanitee
Hero Member
*****
Offline Offline

Activity: 714



View Profile
March 15, 2013, 04:42:04 PM
 #13647

Am I reading this correctly? There are 8 Million USD in bids sitting on MtGox? And the price is just standing still?!

Jesus, it's going up exponentially.



Yeah, you're reading it right. A lot of 'em are further back near the 40's and 32.


siulynot
Legendary
*
Offline Offline

Activity: 1148



View Profile WWW
March 15, 2013, 04:44:59 PM
 #13648

Am I reading this correctly? There are 8 Million USD in bids sitting on MtGox? And the price is just standing still?!

Jesus, it's going up exponentially.



Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

BitcoinPR
Donaciones: 17rK45ePppfWShzszmQSz4mWhK8qh3ag6V
bb113
Hero Member
*****
Offline Offline

Activity: 728


View Profile
March 15, 2013, 04:47:10 PM
 #13649






Some violin plots of the order book history would contain more information. I don't have the data or else I would try.
labestiol
Sr. Member
****
Offline Offline

Activity: 434


View Profile
March 15, 2013, 04:49:51 PM
 #13650

Yeah, you're reading it right. A lot of 'em are further back near the 40's and 32.

To put some figures on it, there's 2.5M$ above 40$, and 5.7M$ above 30$

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
mccorvic
Hero Member
*****
Offline Offline

Activity: 518



View Profile
March 15, 2013, 04:52:21 PM
 #13651

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
Piper67
Legendary
*
Offline Offline

Activity: 1008



View Profile
March 15, 2013, 04:53:12 PM
 #13652

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

By then it would be too late, except for those who push the button first  Wink
mccorvic
Hero Member
*****
Offline Offline

Activity: 518



View Profile
March 15, 2013, 04:57:41 PM
 #13653

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

By then it would be too late, except for those who push the button first  Wink

That's why I would expect an explosion.  All these buyers will be hitting at once Cheesy  Then, after that we have a day or two of madness as these buyers try to do their silly day-trade thing.  I, mean while, will be sitting in my lounge sipping brandy.  I'll laugh softly to myself while watching the clarkmoody and say, "Dance puppets. Dance."

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
phelix
Legendary
*
Offline Offline

Activity: 1680


nmc:id/phelix


View Profile
March 15, 2013, 04:58:01 PM
 #13654

No one speculating about lil wayne's order at 30?

Ok I'll bite.  Its too big to imagine a trader just fired and forgot.  So its purpose is to communicate to the sellers... it is saying at a minimum "look, there's a whale on the buy side".  What's the purpose of that?  Well, if it was located at around 40 or above, I would imagine that its purpose would be to threaten any fake sell-side walls: "If you are not careful, I might just snap up your sell wall!"  But so far off the money, at 30, I'm thinking it is trying to pull a serious whale seller lower... it is saying "I am here to buy your ask, just not at today's price".

It also says bidding below 30 is pointless and might raise some depth volume.

blockchained.com ■ bitcointalk top posts
siulynot
Legendary
*
Offline Offline

Activity: 1148



View Profile WWW
March 15, 2013, 05:03:07 PM
 #13655

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

Yeah, because it has a lot of sense to sell scared of a "flash crash" with no importance and then put a $2million bid lower, just to wait if someone buys a 10k btc wall??? So then you can buy higher because of a price explotion???

if i had $2million to buy btc and was a bull and knew that buying up that wall will cause an explotion ill buy that wall myself, and not "hope" to buy lower....


BitcoinPR
Donaciones: 17rK45ePppfWShzszmQSz4mWhK8qh3ag6V
y2kcamaross
Member
**
Offline Offline

Activity: 83


View Profile
March 15, 2013, 05:06:07 PM
 #13656

Cool story bro
Piper67
Legendary
*
Offline Offline

Activity: 1008



View Profile
March 15, 2013, 05:06:09 PM
 #13657

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

Yeah, because it has a lot of sense to sell scared of a "flash crash" with no importance and then put a $2million bid lower, just to wait if someone buys a 10k btc wall??? So then you can buy higher because of a price explotion???

if i had $2million to buy btc and was a bull and knew that buying up that wall will cause an explotion ill buy that wall myself, and not "hope" to buy lower....



Maybe someone's still holding out a bit of hope for the weekend dip, and if it doesn't materialise by late Saturday, or early Sunday, the wall will start to creep up.
mccorvic
Hero Member
*****
Offline Offline

Activity: 518



View Profile
March 15, 2013, 05:06:50 PM
 #13658

Weird that bids are being placed but at lower prices... thats just not right... or they are waiting for a fall... Wink

My guess is that a majority of these high-volume low-priced buyers are people who dumped during the flash-crash but were unable to buy back in at a lower price point.  Right now the price is holding steady at where they sold so they do not see an immediate need to buy back in.  Instead, they are placing low buys hoping to get lucky one way or another.  These buyers are keeping an eye on the price and are ready to buy back in as soon as the market shows any sustained upward pressure.  

tl;dr if we break the $48 wall these bids will become buys and we'll explode up.

Yeah, because it has a lot of sense to sell scared of a "flash crash" with no importance and then put a $2million bid lower, just to wait if someone buys a 10k btc wall??? So then you can buy higher because of a price explotion???

if i had $2million to buy btc and was a bull and knew that buying up that wall will cause an explotion ill buy that wall myself, and not "hope" to buy lower....

I didn't say it was the smart thing to do.  I find that day traders are a lot less smart than they think they are.  

But with the lag Mt.Gox experiences during crashes, a lot of time if your bids aren't in you're not going to get one in until it's all over.  Usually big up-movements happen slower so you'll have time to adjust your bids.  

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
March 15, 2013, 05:09:47 PM
 #13659

if i had $2million to buy btc and was a bull
I'd just set up a bot to buy 25 BTC every 10 minutes and let it run for a week or two.
prof7bit
Hero Member
*****
Offline Offline

Activity: 672



View Profile WWW
March 15, 2013, 05:29:53 PM
 #13660

if i had $2million to buy btc and was a bull
I'd just set up a bot to buy 25 BTC every 10 minutes and let it run for a week or two.

An experienced trader who knows how price usually moves would just put his bid at $30 and wait.

Old Bitcoins recycling and disposal: 1N7ZcHoe77JncRYAg27RVqJZbrjqUQ77WE
Blockchain.info -> Multibit converter (and much more) https://github.com/prof7bit/wallet-key-tool
Pages: « 1 ... 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 [683] 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 ... 1189 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!