Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What do you guys think of this ? it was taken from the french forum.
Bullish?
Which exchange is this supposed to be? This is Bitstamp's order book currently:
minus 40 USD: 6k coins
plus 40 USD: 3k coins
That's arguably a mildly bullish picture, but not overwhelmingly so. Walls turn out to be fake and are pulled, and 3k (or 6k) coins are eaten pretty fast if momentum builds up.
pretty sure its the other way around, wall are mostly all real, split up and move around when price moves, but even a sudden drop or spike produces about 2-5X volume, because theres always people that don't place bids till they see their magic number