Bids are back on finex, but bear in mind that they can easily get removed again. The guy/entity probably has a script running on the API to remove bids if the price comes within a certain % range of it. In conclusion, don't get fooled by the orderbook.
Well spotted. There is support, somewhere, but don't be looking at fake data and hoping to find truth. This is what a market
is. It is nothing more than a price discovery mechanism. If the market were purely open and transparent, would it be a better indicator of value? Who knows? It would be an interesting experiment, but we have no markets currently that are
not manipulated from which we might harvest useful data or glean useful information...,
so; in the end, speculation is the driver of the market. Thus, gentlemen, your work is cut out and laid before you.
Best of luck.
I hope the 260 local bottom will hold for now, otherwise we'll probably see a retest of 250 where the SMA200 lies.
@gotmilk: I've witnessed a significant amount of asks pulling on multiple occasions, so you're probably right.
@dreamspark: That could be a valid strategy.