Not sure, but looks like volume is dropping.Originally Posted by Suzu
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
And what would the upshot of that be?
I think pop may mean burst like balloon, price may go down a bit or stagnate, it's been going up for a while.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
I took it to mean we just bulled out of the day's channel in china
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
exactly right, presence
might have called a little premature thou...
Gosh I wish you wouldn't write in code!
Clearly you aren't the only one
A channel points toward certain prices, if it moves out of a channel in a positive direction that would be an indicator it might go higher, a new channel will be forming.
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
lol
so we were between those two white lines all day (the day's channel); then price "popped" outside of the lines to the up side (bulled)
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Thank you for explaining what the white lines mean. Now, how about doing the same for the red, green and brown ones?
well there is a squiggly white line and a squiggly orange/brown line
the squiggly white is the running simple moving average for the most recent 7 candles; so its value at any given point in time is the closing price, plus the previous 6 closing prices; divided by 7
the squiggly orange/brown is the thirty period simple moving average; same concept but the past 30 candles of closing price data for each calculation.
then there are the candles
the candles have an upper wick which extends to the highest price for that candle period; the lower wick to the lowest price for the candle period
then the candle has a main body; the top and bottom of which are the open and close price for that period; if the candle is red close is on bottom; if green close is on top
then there are the two squiggly lines to the right; green and red; they represent "depth of market"; which is a graphical representation of the bids and asks currently on the order book times their respective cumulative volumes; where bids and asks are y axis; cumulative volume is x axis
the bars at the bottom represent volume; and again they are color coded red if close is less than open; else green
the small yellow triangle is the last price paid
Last edited by presence; 06-06-2016 at 06:54 PM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
seems right on timeexactly right, presence
might have called a little premature thou...
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
trading volume expressed in equal terms (CNY)
BTCCNY at okcoin:
LTCCNY at okcoin
In CNY terms; okcoin is trading litecoin just as hard as its trading bitcoin; the same is true at huobi.
The chinese are crazy for ltc!
Last edited by presence; 06-06-2016 at 07:00 PM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
I've got my strongest reading glasses on and cannot see a small yellow triangle.
BTW do those four-digit numbers indicate prices? If so, what kind of currency is it?
CNY; "offshore chinese yuan"BTW do those four-digit numbers indicate prices? If so, what kind of currency is it?
for current exchange rate to usd, divide by
https://www.google.com/#q=usdcny&gws_rd=ssl
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
The outcome, for me, of following your guidance here, is that Bitcoin is currently worth about $5.
CNY; "offshore chinese yuan"
for current exchange rate to usd, divide by
https://www.google.com/#q=usdcny&gws_rd=ssl
That's litecoin.
As for bitcoin, next stop $630ish.
lol
that's a litecoin chart; yes its trading for over $5 in china.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
ah, BTC still at the same place
feels like china wants to do a small correction before a new launch, hmmm?
hard to evaluate who is stronger thou, coz of the fake chinese volume. how do u evaluate chinese volume, presence?
it definitely seems stronger than the USD denominated exchanges, but there are also the OKcoin futures, there is much volume there also, and it follows the chinese exchanges.
Its hard to say... but I suspect, and academic literature alludes zero-fee and/or maker-taker policies 2X to 10X trading volume vs 0.1% to 0.2% flat fee exchanges.
here are a few articles of note; the colliard model is heavily cited
scholarly
http://pages.stern.nyu.edu/~jhasbrou...y_credits2.pdf
http://www.parisschoolofeconomics.eu...LLIARD-PSE.pdf
.gov
https://www.sec.gov/spotlight/emsac/...-exchanges.pdf
opinion
http://www.pionline.com/article/2015...-taker-rebates
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
This the LTCBTC orderbook at btce visualized as a
"Depth of Market Heatmap"
code open source at tradewave
https://discuss.tradewave.net/t/dept...tour-map/956/7
so here you're looking at yellow close line center and bands of asks and buys at 1%, 2%, 3%, 4%, and 5% from center; each with volume relative to the total book expressed as width approaching center.
superimposed on the center is the ((highest bid+lowest ask)/2) +/- current relative 1h volume
this is an alternative plotting method; where instead of set percentages from center you're looking at steps of orderbook pressure equal to 1/10th of the total book.:
Last edited by presence; 06-07-2016 at 08:19 AM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Looks like the stop losses got triggered in the order books and became self-fulfilling. Wonder if the Coinbase critters dumped to scoop up these cheaper coins or aren't happy w/ the recent protocol 'agreement'.
Testing the bottom of the trading range today. If it breaks 3750 to the downside the bull is dead.
The monkey has spoken.
Last edited by fatjohn; 06-07-2016 at 01:30 PM.
Who's recent protocol agreement?
The compromise that was reached at the recent Hong Kong conference between the different factions.
Who were the factions. Seems the miners should have the final word. There would be no btc network without the miners.
around 8x ± 2x seems about right, china has more volume than all the $ exchanges combined for sure. dont know about futures thou, at the moment i have a feeling they dont have much will of their own and follow china. tnx for the literature, but its way over my head at the moment
Hey LP! glad to see people in here again! And glad to see you helping people along. What do you think about ETH? a lot of people in BTC-e sour on it? looks like the AG AND AU Bull train is about to leave the station !!!
I think he means between Core and Classic. FSP, got more info?
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