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Re: [ANN] Bitfinex Market Depth Charts + Liquidity (Lending) Charts
by
bjornw
on 01/04/2014, 15:10:20 UTC
Hi bjorn,

I read this previous post in detail, I found I have the same keen interest as nick, especially on the Lowest USD Liquidity Offer and Price BTCUSD put on the same charts for comparision for which you made him.

http://www.bfxdata.com/graphLiquidityUSDPriceBTCUSDCombined.php

So I try my best to give you "a good reason (plus theory) to incorporate it to the main site" .

Strictly speaking, it appears seems no explicit "correlation" between these two graphs, but as you know it, market price movement always involves all factors no matter we know it or not, ie known/ hidden, explicit/implicit, prices itself already reflecting everything it should involve.

Price is king on the market , price patterns always gives you the  signals for buying/selling as well as swap offering/demanding.

So prices in essence are the fundamental basis of market behavior for both liquidity swap offerer and taker, if there are no prices movement, there are certainly no liquidity swap activities and all kinds of psychological conditions and decision making that are originated from the prices movement.

Though at first look it seems no explicit "correlation" between these two graphs , but nobody can absolutely say there are no any "correlation" between these two graphs, that "correlation" couldn't always reveal itself at any time and any place on the chart, but maybe appears at some special time or location on the chart and that all depends on your own judgement or anything you regard it as justifiable and reasonable.

On the uncertain market, to find the seemingly certain regular pattern or kind of  "correlation", don't you think that is really full of exploring fun for those who find it intriguing?

So if you can incorporate "Price BTCUSD" to the main site for option, me and somebody who really loves to explore mystery of chart's correlation would be find it conveniently for comparision.

What do you think?  bjorn.

Edit: I find another persuasive reason to incorporate market price to the main site, simply that is you can just quick look at the BTCUSD market price and Lowest USD Liquidity Offer at a time and which is not relate to other things such as whether there are any "correlation" or not , if this can easily been done, then why not?

Thanks for your thoughts!

I will be adding a page or two with combined charts. Personally I find myself looking at the total swap sums vs price quite a lot recently (even without a combined chart) The sum tells me a bit about the market sentiment. If the total USD sum rises a lot, traders feel bullish and it's a nice indicator of where the price will go for a while. The other way around if the sum of BTC / LTC swaps increases suddenly, traders are shorting and expect the prices to drop for a while. Please let me know what other combinations you all like to see.
I'll add Nick's and Tsay's request and also my sum vs price (probably combined with average rate as an option) idea.

What other charts / tables you all would like to see added? Let me know here and share your thoughts like Nick and Tsay on why it is useful. Good ideas will be rewarded with a nice chart Wink

regards Bjorn

Here's a little preview http://www.bfxdata.com/bitfinexLiquidityPriceCombined.php. I'm done coding for today, but here is a usable page for anyone interested.


can anyone think of a suitable menu entry that describes this page? please do let me know