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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1652444 times)
Killerpotleaf
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August 24, 2012, 06:56:48 PM
 #2181

holy shit
10.40!  Undecided

Time to build up the bids and dump again?

i have a bad feeling about this.....

but i cannot bring my self to hit the buy button atm
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dopamine
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August 24, 2012, 06:58:32 PM
 #2182

all big wall offers get pulled and then we rally  Grin

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
Piper67
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August 24, 2012, 06:59:51 PM
 #2183

Someone needs bitcoins  Grin
humanitee
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August 24, 2012, 07:00:15 PM
 #2184

holy shit
10.40!  Undecided

Time to build up the bids and dump again?

i have a bad feeling about this.....

but i cannot bring my self to hit the buy button atm

I'm definitely not buying. Too fake.
niko
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August 24, 2012, 07:03:35 PM
 #2185

 Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?

  I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right?  If there's a huge bid (buying) wall, the price shouldn't move down too much either?

  Should the charts be mirroring each other ideally?  

  Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?

Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally).

That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed).

I usually trade on the spot, without placing an order on the book. I want to buy - go ahead and buy. I want to sell - go ahead and sell. I only pay attention to the order book to see how much I'll move the price, and what the average price will be.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
Killerpotleaf
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August 24, 2012, 07:04:13 PM
 #2186


whats the word? WOWZERS!
Killerpotleaf
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August 24, 2012, 07:06:27 PM
 #2187

 Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?

  I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right?  If there's a huge bid (buying) wall, the price shouldn't move down too much either?

  Should the charts be mirroring each other ideally?  

  Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?

Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally).

That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed).

I usually trade on the spot, without placing an order on the book. I want to buy - go ahead and buy. I want to sell - go ahead and sell. I only pay attention to the order book to see how much I'll move the price, and what the average price will be.

i almost never do this,

unless its like a total frenzy, i always place bids or asks and wait

Cablez
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August 24, 2012, 07:07:44 PM
 #2188

Looks like the volume is ticking up now, I wonder what the play is? It shouldn't last with everyone being so hesitant.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
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Killerpotleaf
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August 24, 2012, 07:23:25 PM
 #2189


MANIPULATION! ... but this time we have no clue which way the manipulator wants us to go  Lips sealed
humanitee
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August 24, 2012, 07:24:58 PM
 #2190

I'd say up.
waspoza
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August 24, 2012, 07:27:44 PM
 #2191

MANIPULATION! ... but this time we have no clue which way the manipulator wants us to go  Lips sealed

kentrolla
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August 24, 2012, 08:10:01 PM
 #2192

this weekend is going to be fun

morkai421
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August 24, 2012, 08:25:56 PM
 #2193

I'm starting to wonder if some are not into btc just for the thrill of gambling
Yuhfhrh
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August 24, 2012, 10:24:04 PM
 #2194

I'm starting to wonder if some are not into btc just for the thrill of gambling

Lol ^.^
LoweryCBS
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August 24, 2012, 10:59:14 PM
 #2195

I'm starting to wonder if some are not into btc just for the thrill of gambling

Not me. I'm in it for the chicks.
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August 25, 2012, 12:16:18 AM
 #2196

I'm starting to wonder if some are not into btc just for the thrill of gambling

Not me. I'm in it for the chicks.

totaleclipseofthebank
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August 25, 2012, 01:55:41 AM
 #2197



bids going back up
Killerpotleaf
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August 25, 2012, 06:00:28 AM
 #2198

why does this feel like

Ten Dot Kinda Cheap

 Huh Roll Eyes Tongue Embarrassed Embarrassed Lips sealed Lips sealed Undecided Undecided Kiss Kiss Cry Cry
humanitee
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August 25, 2012, 01:53:08 PM
 #2199

Why does it feel like this is the most easily manipulated market ever? No walls are ever tested, people just flip out and sell or buy in front of them. I don't believe the depth chart at all for the bid side, a lot of those walls look fake.
arklan
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August 25, 2012, 02:29:13 PM
 #2200

i'd trust the bid walls far more then i ever would the asks. i mean, who wouldn't want to get some coins cheaper then the current price by catching them as the price shifts? it's risky, of course, cause the price could just go down farther then your bid. but catch the right flucation and you're golden.

ah, gambling. Cheesy
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