Quote from: oda.krell on May 30, 2014, 02:20:35 PM

Quote from: MatTheCat on May 30, 2014, 01:00:06 PM

Quote from: oda.krell on May 30, 2014, 12:54:21 PM

Disagreed on the "led by China" statement. I made my case against that often enough now, so I'm not repeating it here. China is a large factor still though, so if it's just hyperbolic phrasing to say that, I'm okay with it.

The volume surge on Huobi was 2 minutes ahead of Stamp. This isn't up for debate, it is there in black and white (or red and green).

Sorry, but this happens almost 9 times out of 10 and it cannot be ignored.

You're right for once: this isn't even up for debate.

The spikes, in chronological order:

14:17 Bitfinex 111 xbt (local spike, but not a huge order exactly. I'd call it "the rally starter, part 1")

14:18 Bitstamp 693 xbt ("the rally starter, part 2")

14:18 Huobi 42 xbt (how things got started in Matland)

EDIT: and if this is about the first impulse of the breakout, then:

11:30 Huobi 286 xbt
11:31 Huobi 594 xbt
11:32 Bitstamp 943 xbt / Huobi 842 xbt

Summary:

Huobi indeed began the first impulse of this local rally 2 minutes earlier than stamp, but within 2 minutes higher volume order(s) came in on Bitstamp.

That's not what it looks like if "one exchange leads the other". That's "exchanges getting each other in a buying frenzy".

Not to mention, MatTheCat never seems to ponder the obvious truth that a few whale traders have multiple accounts on different international exchanges (e.g., Whale #1 has a trading account on both Bitstamp and Huobi, thus being able to play sides of the rally on multiple exchanges simultaneously). So saying that "China is leading this rally, not the other nations" is misleading and possibly just plan wrong.