Let's take a look at the buy/sell walls on Bitstamp:
We can see the number of bitcoins we could sell and where it would get the price. We can also see the number of dollars we could spend on buying up all the bitcoins for sale and where it would get the price. However, what we don't see directly from these walls are the real dollars and bitcoins sitting on the exchange. Is there any web service out there that would calculate these numbers for me? From the first glance it seems to me that there is "more money" wishing to buy into bitcoin right now than there is on the opposite side. Can we deduce any valuable trading information from that?
The orderbook that is visible, is visible. The rest is guess work. We can see from the orderbooks it is going to take some monumental selling to breach 200 now.
Last night for fun I had a look on bitcoin wisdom. If you click on the orderbook you can enter fictional amounts of BTC or USD and see how much is required to buy the price up to a certain point on the orderbook.
Under 4 million dollars doubled the price on finex (460$).
We still have >18000 shorts.
I think we move up a way for bit over the coming weeks.