Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
poncho32
on 15/07/2016, 23:37:12 UTC
Quote from: MayorMccheese on July 15, 2016, 11:22:49 PM
Quote from: podyx on July 15, 2016, 11:15:22 PM
Quote from: MayorMccheese on July 15, 2016, 10:51:53 PM
Quote from: poncho32 on July 15, 2016, 10:23:59 PM
It depends how you classify low volume. I can see two big bars on the Bitfinex 24 hour chart, and each of them is above 1000 Bitcoins and mostly buying.
Is buying possible without selling?

No but if the ask side gets eaten into it's considered buying and selling if the bid side gets eaten into.

Ah, gotcha. How does one tell if the ask side got eaten into by looking at the volume bars?

Check the 1.5k volume bar on this chart. You can see the price going up in almost a straight line during that trading period. I assume that means the ask side got eaten into. If the price had gone down in almost a straight line I would assume the opposite.