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The data of the exchanges is public. For example https://cryptowat.ch
Check when the pump started and you'll see bitfinex led the pump, being 100-150usd higher than kraken and bitstamp. Coinbase followed bitfinex quicker.
https://cryptowat.ch/bitfinex/btcusd
Totally organic growth! As long as you believe a bunch of people simultaneously decided that they needed to buy millions of dollars worth of bitcoin at exactly the same time, around 3:45am EST.
Definitely not an engineered pump, particularly on bitfinex where they use tether - which allows them to essentially print their own "USD equivalent".
looks like a proper bull flag breakout out on the 4H, korea trading over $900 already, GDAX hitting an ATH as I type
I actually think targets should be moved to $1200 now, rather than $1k
I bought an extra monitor for my PC just to keep https://cryptowat.ch/bitfinex/btcusd so I don't have to constantly alt tab out of my games to see what the price is doing. It is an addiction -- but it has been making me money-- and slowly killing me from stress lol. HOLD!
https://cryptowat.ch/correlations
They are coorelated to bitcoin and etherium.. because they have futures valves other cryptos do not have.. and all together they act like an index/sector.. and each one has a weight in the index.. unfortunately this index is rather small and its easy to see simularities.. this happen on all indexes.. and its how companies that arent worth 1t dollars end up being worth 1 trillion dollars.. market fluff. And the more indexes your stock is listed on... the more market fluff your stonk gets.. yeah its manipulated.. step 1 is understanding its manipulated.. 2 is how its manipulated.. 3 is where the money is going next as they rotate money in the market..
really don't understand the nervous nellies in here today.
ETH has been doing great over the last 24 hours, much stronger than BTC. we're currently in a distinctly low volume pullback. that's a good thing btw. global 24H volume in ETH is exceeding that of BTC. and we had our highest ever volumes like 12 days ago, long after the ATHs of the bull market, so we know big volume is still out there.
what, you think people are gonna try cash out and leave crypto once they get their hands on their BCH?
don't you think the whales and the people who moved ETH --> BTC for "free money" are gonna want to get in on ~.078 ratio when the 2nd biggest crypto is at 50% ATH while BTC is near 95% ATH?
I know the ethtrader motto is buy high sell low, but trust me that's not what the whales do.
Because the market moves as a whole. And the market mover is Bitcoin. So when it is up, the market follows and when it is down, the market follows. The saying "Bitcoin is king", like it or not, is still relevant.
You can watch it here:
https://cryptowat.ch/correlations
​
XRP used to have one of the lowest correlations with BTC but it too caught up.
I posted this in previous daily just now, but to CC for visibility:
If you assume BFX USD is actually USDT, which is trading -8% to the dollar, then BFX price is right in line with other western exchanges. $1346USDT*0.92 = $1238.
https://cryptowat.ch/kraken/usdtusd Well -10% at writing.
Added a visual to the Cryptowatch charts that shows where the previous ATH was on each exchange. On some it has already been broken (BTC-e, OKcoin) but others it will show up (Finex, Stamp).
https://cryptowat.ch/bitfinex/btcusd/1h
Screenie: https://i.sli.mg/HHC9DA.png
Loving this action
The weighted average of all Tethers is calculated at $0.97 on CMC, but there are only two exchanges that offer direct conversion of USD to USDT (Bittrex and Kraken), and both of those are trading Tethers at $0.947 and $0.957 respectively.
Same as always, big short on Bfx and everything else just follows.
https://cryptowat.ch/markets/bitfinex/btc/usd/30m
If you switch to 1m view you can see that it started ahead of the other major exchanges. Good thing: this time ETH didn't overcompensate that move.
https://cryptowat.ch/markets/bitfinex/eth/btc/30m
Bitmex Quarterly Futures on ETHBTC are on their way to 0.05.
Volume seems to be growing and we're all expecting - with good reasons - that this is the beginning of our next rally.
Now, the last time we've start a rally after a long consolidation (actually, it was a bear market, not really a consolidation period), the crypto space has way less people and way less money. Still, the FOMO was notorious and the rally lasted for almost 4 months.
Markets go up and down. There will be periods of consolidation and of correction. But that's something that we shouldn't be thinking about much now. Nobody knows very well where or when they'll happen.
Shout out to all the Ethtraders who have been buying upto now and shout out to the newcomers that are now learning and trying to understand this amazing new world we follow up and discuss daily.
Big shout out to all the Gentlemen. You know who you are and how important you are for our community to prosper and maintain some resemblance of sanity.
See you above $400.
Telling people to invest 5000$ in rapidly depreciating computer parts with an unknown time to ROI without mentioning anything about risk is incredibly irresponsible. Correct me if i'm wrong, but weren't you banned from Ethtrader for giving consistently incorrect advice?
What can you say about the daily rise in difficulty? https://etherscan.io/charts/difficulty Any mention about the unknown future of ethereum price? https://cryptowat.ch/poloniex/ethbtc/12h
What the hell did they do to my boi cryptowat.ch ...
The page with all the small charts sorted by volume was an idea dashboard for a high level view of recent movements in the blockchain space, now it's gone.
OP is a shill for IOTA, an altcoin that is so centralized that they literally paused the entire network for over a month while they tried to revert a theft.
IOTA is also one of the 10,000+ altcoins desperately clinging to any kind of relevance given its all-time-lows against Bitcoin as Bitcoin's Lightning Network continues to grow quickly.
I'm posting this because I dislike how many altcoin advocates try to market their projects by attacking Bitcoin under the false assumption that Bitcoin is the only reason why their projects are failing. It's unfortunate that Bitcoin is under attack by not only world governments and central banks, but also by low level shysters trying to pump their altcoin bags.
So this is interesting > The Kraken adds USDtUSD
https://cryptowat.ch/kraken/usdtusd
Seems like this will be a more protracted problem than initially thought, it won't just balance itself out if there are trading pairs against the value it is meant to be a store of, gonna be some divergence
Not sure how it should effect the markets, all I can say is GTFO of USDt and take your funds off exchanges where the price is going wonky; incl Polo; suddenly deciding to pull a load of trading pairs over night smells funny
I see a potential huge swing coming, one that will would likely propel us through $20k in months.. Cryptowat.ch 3d chart
Currently 5 Bitcoin left at Gemini then $10,000 per coin. https://cryptowat.ch/gemini/btcusd/1hr
Moon time!
Could we possibly be nearing a point where exchanges run out of Bitcoin? Short squeeze across all exchanges would be massive. ATH here we come!
I've always loved Cryptowatch's dashboard but after weeks of them not fixing the "price randomly jumps all the time" bug, I'm fed up.
Time to say goodbye.
Do you know of any other service that displays the information in a similar manner?
non-ETH related but little flashdump / possible fat finger on DOTUSD Kraken https://cryptowat.ch/charts/KRAKEN:DOT-USD?period=1h
This has been trending down gently today, also its ETH ratio. I know quite a few are hedged into it, so be aware. full disclosure I'm 3x short DOT/ETH.
The only problem is that it continues to lose in value compared to bitcoin, which means it is not as good as BTC in storing value. I am not saving any money on fees, if I lose 42% of coin value in 2 weeks...
super roughly as fuck, go here:
https://cryptowat.ch/gemini/ethusd/4h
in the top right if it says 15min, change it to 4hr
click the settings gear in the top right and check/enable "MFI"
OKAY.... so now at the bottom of the screen notice how there's a line representing MFI. Notice how when that line went to the top and turned white (indicating over bought), ETH crashed down from 420. Notice again how when the line goes to the bottom and turns white (over sold), the price jumps from 210 to 320.
This is super rough because there's lots of indicators you can use to measure when to buy into a market, but at least in your case, if you had looked at MFI on a 4 hour scale, then it would have told you that you were buying in when the market was the most over bought (which indicates price might drop), and sold when it was most over sold (which indicates price might rise).
What you can do in the future, assuming you plan on holding, is wait for MFI to go down low again to indicate that it's over sold, buy in there, *and then sell once you hit a profit goal or the MFI goes to the top and turns white again indicating that it's over bought.
My little overview of the market:
1) BTC/fiat 1D charts show a topped out Stoch RSI and a RSI around 80, calling for further correction in the next few days. 4H BTC/fiat shows some space for a little more upside in the next candles, but most likely not enough to hit a new ATH.
2) ETH/fiat 1D charts show a Stoch RSI more relaxed and currently still trending down. Witht the downward movements of yesterday, the RSI has started to leave the high oversold territory. 4H charts show that the likelihood of the beginning of a trend shift (towards downward trends) in the next periods should be taken into consideration.
3) As everybody has noticed, the market is being led by BTC for months now. If BTC corrects hard again, ETH will likely follow down. The good news is that we're closer to the lower trendline on the ETHBTC ratio, so there's some good possibility of a change in the winds in the few days, allowing the ETHBTC ratio to bounce back up.
4) The contrarian view on the ETHBTC ratio is the current sentiment on the ETHBTC Futures Markets which is now closer to the spot prices than its been in the past few weeks, which means there's some loss of confidence that ETH will outperform BTC in the coming days. A shift in the Futures trend may allow for a swifter shift on the ETHBTC current trend which is still down.
I advise caution on opening long margin positions at this point in any of the pairs (BTC or ETH). I believe we're witnessing a good opportunity to accumulate a little bit more at these and lower levels.
If you ppl want to confirm the selling pressure on ether just check the pump attempt on Bithumb about 10 hours ago (see here: https://cryptowat.ch/bithumb/ethkrw).
The green candle is barely noticeable in all the other exchanges. For the ppl that dont know many ether price jumps started in bithumb, the south korea biggest exchange. They have BIG and concentrated buy power, and back in may when ether started pumping many of the pumps were started in bithumb.
Nowadays it takes a lot of effort to move ether price across the other exchanges.
It even seems to me that sometimes they abort the pump cause of no reaction. Also they started investing heavy in bitcoin cash and it is much easier for them to mive its price...
GBP crashing, Kraken btcgbp hit 600 GBP/btc: highest since it was listed.
https://cryptowat.ch/kraken/btcgbp/1d
Soros expects a further -15% on GBP
edit: The 600GBP spike was actually on Sunday. TradingView chart
1d MACD just turned red for GDAX: https://cryptowat.ch/gdax/btcusd/1d
The last time it turned red was when BTC was around ~7200 and BCH tried their hashrate takeover stunt. A little bit of deja vu happening today as well, with BCH price rising to near ATH's. We saw a drop of roughly 30% back then after it turned red on the 1d MACD.
So Bitmex is choosing for all their products to be listed as Segwit1x future tokens. So their pricing should be ~0.85 of the spot price for real Bitcoins (both 1x and 2x included) based on Bitfinex segwit1x market price ratio, currently that is ~$5000 https://cryptowat.ch/bitfinex/bt1usd.
So they are definitely not trading at a negative premium as other posters have suggested. In fact they are trading at a 15% premium.
It doesnt make sense to go margin long on their exchange when you can margin long futures instead on Okcoin and receive a free 15% extra value based on current market valuations on Bitfinex.
What I see on wealth movement between BTC and an alt on Bitfinex.
https://cryptowat.ch/bitfinex/ethusd/3d
https://cryptowat.ch/bitfinex/ethbtc/3d
ETH/USD has more volume. Which means new money jumping straight into ETH and ETH holders rather jump into USD.
Last 7 days $84,000,000 ETH volume estimate. 2,800,000 ETH traded around $30 average.
That's money completely avoiding BTC. Then factor in the other coins getting millions of dollars a week.
Bitfinex is one of the biggest exchanges.
And it's no secret a lot of BTC has been moving into alts. Those people selling alts are holding BTC, moving to different alt or selling for USD.
Price is holding up well without China. BTC is still the most well known and easy to get coin. So price should still be able to be propped up and large holders dump on the new buyers. It'll just suck if one day everyone that flocked to BTC end up with worthless BTC because other coins ended up getting big money before BTC.
Just pays to be in a lot of coins. One day a coin could be worth nothing and the next day a lot because a deep pocket whale became interested in it...which makes me think it'll attract more money.
> So is GBTC actually having an effect on price?
lol
> Also, how poorly are the Winkies doing with their exchange? Is it still bottom tier?
It's actually continually getting worse as time goes on. It hasn't grown at all since inception. It's ranked #18th in the butt ecosystem.
> What's the current rise stemming from?
It's probably a combination of the MMM ponzi scheme, Chinese Willy Bot, and the perceived ending of a bear market. Also every industry pumper is already coming out of the woodwork to pump the price for the halving which is still 7 months away. But large publications like Business Insider and Reuters already have bitcoin shills writing articles regarding the future doubling of price due to decreased demands.
Price: $222 USD/ 24hr volume 172,820 BTC % Change (USD) -1.38%
Yesterday the markets experienced some heavy selling pressure and a drop in price, even going as low as $210 on some exchanges. Since the drop, prices have been relatively stable and are now picking up momentum. This morning the prices have been climbing back up to previous levels, eating up the buy orders on the book.
It appears that Bitcoinwisdom has been partially down over the past day. Only the Chinese exchanges are working on their charts. If you’re looking for alternatives there is https://cryptowat.ch as well as the Chinese version of Bitcoinwisdom; http://k.btc123.com/markets/bitfinex/btcusd
With this upward buying momentum, I’m keeping my eyes open for 1405 CNY on the Chinese markets. This is a fibonacci resistance level on a 6 hour chart. Sometimes the prices move faster than I can write these report.
Looking at the New York BitLicense it appears they might be setting up a framework so that Wall Street can run a monopoly on all Bitcoin activity within the state. There is still much talk about other Bitcoin businesses blocking NY IP addresses. This posses an interesting jurisdiction issue because they are trying to extend this regulation to anyone that does business with NY residents. It doesn’t make logical sense to have laws passed in a local jurisdiction and arbitrarily extend those laws to the entire globe via the internet, just because a local resident uses your services. Then again, legislation isn’t always founded on logic. Just my opinion.
http://www.dailytradingprofits.com/3169/bitcoin-market-report-020515/
HOLY schmoly https://cryptowat.ch/markets/bitfinex/bch/usd
Droppppp on BCHUSD Finex. Wow
edit: Looks like Bitfinex halted trading....maybe? that pair rekt
I can imagine a tweet: "system maintenance"
EDIT: I knew it....lol. https://twitter.com/bitfinex/status/1063113051463921665
Textbook bull flag on 1D ETHUSD. Target is $1200.
https://cryptowat.ch/markets/gdax/eth/usd/1d
http://www.profitf.com/wp-content/uploads/2015/01/1_bull-flag.png
This will also end up completing a cup and handle at $800 as well.
Same exact scenario is playing out on ETHBTC. Target is .122.
Wether you like it or not Segwit2x isn't happening. Over 85% of it's value lost vs Bitcoin
Miners don't set the price, kid. Miners can't mine what we don't buy https://cryptowat.ch/bitfinex/bt2btc/4h
They can signal with meaningless comments all they want but the users have set the 2x price down so low, any miners who tries it won't be able to pay their bills.
Signalling NYA is like 2 year old signaling PONY. She can through a tantrum all day but that doesn't mean she's getting one come Christmas.
I'm looking at the beautiful bull flag on the 3-day and 1-week charts on Cryptowatch. For the week chart especially, there's a clear correspondence between volume and price action. The last time we saw volume as low as we've seen recently, we were in the "lost month" of April, when the price consolidated in the $40-50 range. I suspect we'll bounce around $285-320 with (possible tests around $260-350) until the BTC fork. Then we continue our upward trend. If you need some encouragement, take a look: https://cryptowat.ch/gemini/ethusd/1w
You can see here, they added it: https://cryptowat.ch/coinbase/btcusd/1min/
tl;dr not good at all. But give it time, it will improve if there is demand. I think they should follow the model Bitfinex did and have a direct pegging to a larger exchange to take advantage of their liquidity.
It's not just Kraken. We're gonna need a megathread for this I think. THere's something affecting whatever central connectivity they all have. Not sure what it is yet but it's gonna be something big when the dust settles.
Coinbase/pro is affected and cryptowat.ch is affected as well. There may be others but that's what I have direct knowledge of.
Take a look at what Bitcoin has been doing just today:
https://cryptowat.ch/markets/coinbase-pro/btc/usd/5m
If you bought Bitcoin at 8pm GMT, and sold it at 8:05pm, you would have been fucked.
https://cryptowat.ch/markets/kraken/usdt/usd/15m
Tether creeping back up to 0.9732 and the premium is down to $170 with nothing catastrophic (yet). This is good.
Edit: Looks like BitStamp and coinbase are on their way up.
sorry you don't like the update. we'll keep this in mind as we continue working on the home page and the asset pages (eg https://cryptowat.ch/assets/eth).
the longer term vision with the new home page design is a customizable view that lets you build a "board" of cards showing whatever you want.
https://cryptowat.ch/markets/bitfinex/eth/usd/1h
Those 100k volume aren't new longs. That's actual ETH being traded. Shorts are actually increasing way stronger, so if that bursts, it'll get another push.
https://datamish.com/d/000000011/ethusd?refresh=30s&orgId=1
1w MACD is currently retreating: https://cryptowat.ch/bitfinex/btcusd/1w (I normally use log scale but seems to be broken on cryptowat.ch right now).
Now obviously, the week is not over so a lot could still happen. However, we have not seen a retreating MACD on the 1w scale since the China banning Bitcoin, version 3 back in September when we saw a drop of over 40%. We are 24% into this drop for perspective.
I've sold (if you haven't figured that out already) because the technicals are pointing to a correction more than we've already seen already in the last few days. If we see a similar correction, we will not see a significant price recovery until mid-January.
so anyone who still says that when BTC falls we fall harder can take a hike. looks like shorters at .05 capitulated, there was a high volume bounce up from that little wobble. I think we're seeing bigger players accumulating ETH on the ratio pair.
I'm hoping we see an ETH ATH in the near future, once this all rebounds.
Alright ladies and gentlemen - I'm going to bed. Japan has us over $10,000.
I'm going to somewhat nervously leave BTC where they are. If it doesn't reach and falls, it'll get there but my guess is that the recent drop to $9,500 stabilized this enough for it run through.
ETHBTC Futures reaching for 0.06 (roughly 10% above spot price of 0.054x).
Confidence that Ethereum is the best asset to be in at the moment is still on the rise.
If you mean long vs short positions you can use bfxdata to see current open margin positions. If you only want to see the ratio, use Cryptowat.ch
seems to be a lot of posts by young accounts saying they're moving from ETH to BTC.
not casting aspersions or whatever. my personal experience has been that moving into anything so close to an ATH is a bad idea. and look at this 1D.
maybe BFX will pump past 5800 in another burst of irrational exuberance and it'll crack $6k. or maybe we're about to see a whole lot of new money getting rekt. no-one knows.
Look at these bullish Litecoin charts.
https://cryptowat.ch/gdax/ltcusd
https://cryptowat.ch/okcoin/ltcusd-quarterly-futures/3d
I went all in at $50. It's gambling but better odds than a Vegas Casino.
The last time confirmed BTC transactions/day were lower than this, was August 12 2018.
https://bitinfocharts.com/comparison/bitcoin-transactions.html
BTC price was pretty stable at that time, and it's ultimate low after the previous bull run came a few months after that.
https://cryptowat.ch/charts/COINBASE-PRO:BTC-USD?period=1d
On a weekly average basis it looks like February/September 2018 levels.
https://bitinfocharts.com/comparison/transactions-btc-sma7.html
Lower time frames are screaming oversold, but looking at the long-term picture (3D/1W) this could just be the start of the breakout. https://cryptowat.ch/charts/BINANCE:ETH-USDT
I had one ETHUSD long open, but closed another (larger) one for small profits last night. Sigh.
Should have had more confidence. Reopened, aiming to hold until 500 at least.
https://cryptowat.ch/markets/gdax/btc/usd/1d
There's a drop-down menu along the top of the chart that has the Bollinger Bands as a viewing option.
The general idea is that the chart doesn't like being outside of the bands, and the bands give a general idea of how much movement there may be in a given time frame. The tighter the bands get, the more imminent a move, up or down, will be.
I don't understand all these comments saying "this is too fast" and worrying about everything tanking. a pullback is normal but looking at e.g. the 2H it's hardly explosive growth. did you see what bitcoin did for the past 3 months?
1 Week Charts for BTC: https://cryptowat.ch/bitfinex/btcusd/1w
1 Week Chart for ETH: https://cryptowat.ch/bitfinex/ethusd/1w
Has there been anything like this in the history of anything? Seriously, this is insane.
At what point does the mind of the market say this has gone parabolic and "correct"? There are 2 sides to Blockchain right now, the innovators working on the technology and the speculators.
Despite the advancement of blockchain technology from the innovators, at some point, people WILL have to say "wow, this is too expensive" and the buying will slow down as speculators wait and the new guys on the sidelines turn away seeing how it is too expensive for them now. The last true correction was mid September and we are hitting some really long green candles for BTC.
This could be good for ETH as BTC profits turn to ETH for the next Bitcoin that goes crazy. Another part of me says there are bigger Bitcoin forces to prevent that from happening but as time goes on, they will not be able to control the markets anymore.
Just food for thought. Never say never, but looking at that 1W BTC chart, its starting to look like the peak of the 2013 Bitcoin bubble burst with the long green candles and parabolic curve.
I find myself regularly watching https://cryptowat.ch/charts/BITFINEX:BTC-USD, on my down time. I don't have a particularly good reason for watching Bitfinex over other exchanges.
I'm wondering if there is a live chart that attempts to aggregate all markets to average out the price and the sell/buy walls.
The Coinbase graph is terrible. The very brief dips down a huge amount that only lasts for a minute? That's a glitch and not at all reflected by reality. For instance, you could not buy at those prices. They would not show up in the website or app when doing actual trades.
For better charts, use either GDAX, or Cryptowatch, or TradingView or other more advanced trackers.
The the volumes in Japan and Korea on cryptowat.ch
Although, I've got an account on a Japanese exchange and I've never even been there. Hard to say what percentage of that volume is actually Japanese. Perhaps it doesn't matter anymore. Borders are starting to crumble. ♫ Imagine all the people ♫.
so I know some folks don't give a shit about this, but...
on the 4H candles (roughly when this kicked off) ETH is currently doing better than BTC in terms of losses. In fact the ratio has a little bit of an upturn over the past 16 hours.
it sucks if all you care about is short-term USD gains, but it's interesting for some of us.
FUDers gonna FUD.
1H failing to make a lower low and the 30m is a mirror image of Korea.
looks like an inflection point to me. best possible short would have been to open in the 340s and closed already around 325. any shorts still open probably getting nervous now.
also BTC still only around 4020. ratio pickup again?
Friend, do us all a favor and use Cryptowatch. BitcoinWisdom's exchange list is a bit... outdated. As in several years outdated. As in missing the top 10 exchanges outdated. BTC-E is still the headliner at the top at 2,500...
A lot of people are asking why btc/usd is going down if BIP91 looks set to lock in and doubts are dissipating.
Maybe this is totally asinine but my reasoning is simply that it's going down because it's gone up so much. There's a huge amount of trading going on and volumes are way up.
Moreover, eth/btc is still the biggest volume pair and indeed polo is back to eth/btc being higher volume than eth/usdt and btc/usdt combined.
I think we're going to be dragged down further than this as the day goes on, and I don't think it's anything to worry about regards bull markets or bear markets. Just my 0.0000885582ETH.
I don't think MTGox and Bitfinex are in the same situation at all, nonetheless you can find a chart here: https://cryptowat.ch/mtgox/btcusd/12h
In case it's disabled, you can enable the volume indicator by clicking the settings icon in the top right. As you can see, comparing the volumes is useless.
I don't remember the moves play-by-play, but Gox price continued to tank due to them turning off BTC withdrawals on the 7th of February or so. You can see a spike down on the other exchanges the next Monday when they released the statement about transaction malleability which made a lot of people believe there was a newly discovered flaw in Bitcoin. The end game was that people started selling their GoxBTC for GoxUSD as they judged the latter to be a safer bet for the expected liquidation of the company.
This post seems to be attracting butt-hurt users and trolls like honey-pot. Oh, and what's this, a double-post? https://www.reddit.com/r/BitcoinMarkets/comments/4gs1ws/is_kraken_frontrunning_orders_on_btc/
I used Kraken for close to 3 years now and have been a strong advocate of it the whole time. They are the most honest exchange there is. When they have issues - they talk about it, when something breaks - they notify, when clients ask for something - they listen.
That's why a lot of pro-traders use them. The other side of having pro-traders on the exchange is that you will be running against bots that have been carefully calibrated and tailored to Kraken. Hence, they have a better feel for order book and can act quicker. From the looks of it, this is what happened in your case.
If you want to be better at trading, use their API. Or at least consult other sites that did the work for you: https://cryptowat.ch/kraken/btceur https://tradeblock.com/markets/krkn/xbt-eur/1h/
Or, if you want to run against ignorant noobs and conspiracy theorists, go trade on Bittrex.
Looks like the comments have died down now. For those curious, this was a vertically-flipped chart of bit coin (wsb auto mod doesn't like that word if there's no space in there...). I flipped it vertically and changed the candle / volume colors, but kept the price axis the same in an attempt to both help hide what it was I was charting but also to get unbiased opinions. Thanks for everyones responses. Here is the original chart for anyone that's interested. The lines are curved becuase I drew the lines while the chart was in log scale, but switched back to linear scale for the screenshot to help show the acceleration of the trend. The charting site can be found here.. Those of you that said the stock I posted is "going down" may be interested to know they just said that bit coin will go up in value.
The coinbase exchange has been going crazy for the last hour or so. It started with rapid $10 swings which now is down to $3. Made some decent profit but I'm too tired to continue. I probably made over a hundred trades.
Edit: This looks fun https://cryptowat.ch/coinbase/btcusd/1m
Edit2: Here is a screenshot http://i.imgur.com/1OhDt2m.png
Hmm.. BTC-EUR is still off by more than 1000 EUR. Kraken EUR-USD currently trades at 1.29 USD/EUR, while it actually trades at 1.22 USD/EUR.
This explains the difference in BTC-EUR price, but I still don't understand: Why is this? It's like this across all exchanges. And the effect is not limited to BTC-USD being higher, but also BTC-GPB for example.
>Does everyone on here measure their positions in relation to BTC
No, I certainly don't.
I've seen one comment chain recently talking about being in ETH as having an "opportunity cost" as one isn't in BTC, but it was kind of nonsensical.
Despite so many people feeling aggrieved and indignant about the current ratio, it has been a good year. https://cryptowat.ch/charts/BINANCE:ETH-BTC?period=1w_Monday It really did bottom out in Sept-Dec 2019.
I traded ETHBTC a lot in 2017-2018, mostly ETHUSD now. My goal when trading has always been to increase ETH stack while drawing off some FIAT profits. If I was a truly objective emotionalness profit-seeking machine I would be more neutral, but I like Ethereum.
Let me try and make a case again for following the news more often (rather than just analyzing charts for example):
- October 25, 2019 - Xi said that his country should seize opportunities afforded by blockchain. You can call it a scam wick as expectations surrounding that statement clearly exceeded its practical implications (=bullish exuberance). Blockchain does not just equal BTC anymore.
- August 2, 2016 - barely a month after the last halving, close to 120'000 BTC got stolen from Bitfinex. It was the second largest hack at that time and caused quite some panic. It was not a 'sell the news' type of event (halving) which is a very common misconception. I am not saying this time will be different but only fighting that misconception.
On a side note: One good thing about cryptowat.ch is that they show you some selected (!) events directly below the chart. I don't use TradingView but do wonder if there is anything in that regard in TV?
It's not a dump. It's a correction. Which is to be expected after rising 20% in a day. You can see that it did the same 24 hours ago before continuing it's rally: https://cryptowat.ch/markets/binance/iot/usdt/5m
Not saying it will definitely continue. Not saying it will not. Just that a correction every once in a while is healthy and completely natural. A bull run is not a straight line up. Even BTC regularily corrected 30-40% during the entire run 2015 to 2017.
Is based off bitfinex, but I can choose whitch one to use, data comes from cryptowat.ch public API. Maybe in the future I will add an user option to choose the exchanger.
The tanks are the Orders, explosions are effective Trades and the line is the current BTC value
​
> edit: interesting watching the large tanks disappear as the line gets closer (Bot trading?)
​
Yes, after a while of watching you can find out strategies that are not so obvious when are you look at a classic chart
​
Binance is showing the price paired against USDT (tether). Coinbase is showing the price against USD.
Tether is worth about 93-94 cents usd currently: https://cryptowat.ch/markets/kraken/usdt/usd
The value of tether dropped significantly thus raising the price of BTC on exchanges tied to USDT. Everywhere else this pump was minimal. Just do the math: USDT = 0.93 BTC Stamp = 6391
6391 ÷ 0.93 = 6872 which is what Finex is trading at. This is literally all tether.
Check this:
https://cryptowat.ch/markets/bitfinex/btc/usd/3d
There are fewer panic bottoms in this bear. In previous bear 2013-2015 there were 6-8 full panic capitulations. Those capitulations were happening every several months, more frequently at the earlier stage of the bear. Longest span between two full panic events happened at the very end of the bear and was the longest span of all, lasting 7 months.
Thus far this bear 2017-2018 had seen some panic in the first two months. Full panic happened only once, at the beginning of February. Since then 8 months have passed and both times it bottomed (April and June) no panic occurred in BTC. Those bottoms were comparable to corrections in a bull market.
Reasons for lack of panic in this bear could be:
Fear is unreleased and major panic event is about to happen.
Whales are sufficiently stuffed with fiat to form a firm and uniform support.
Market has generally matured to the level where it is less moved by fear.
New big money is entering at this levels thus preventing panic events.
The way market bottomed in April and June, where panic was to be expected but didn’t happen, favours second and fourth explanation.
> All the exchanges using tether as their pair are trading higher because of all this
To add to this, you can simply apply the USDT/USD ratio: https://cryptowat.ch/markets/kraken/usdt/usd/1d (.993 right now)
So: 6581 (BFX) * 0.993 (USDT) = 6534 (GDAX)
Is anyone else watching BTC/KRW? I feel like they've been leading this bull market and right now, shit is getting real for them.
Just check out the 3D red candle. https://cryptowat.ch/bithumb/btckrw/3d
So my question is: is this the pull back from 800 ->400 in the 2013 rally? Or is Korea crashing this party to the ground?
> Bitcoin is progressively stealing your hashrate
That is fantasy, the measurements paint another picture
> and your price.
more measurements indicate you are thoroughly divorced from reality.
Take a look at this chart: https://cryptowat.ch/bitfinex/ltcbtc
Since April when LTC announced it was going to run Segwit, the LTC/BTC ratio has hit .010 on three occasions but did not drop any lower, this being the third.
This is perhaps the very worst time to switch to BTC according to the technicals.
the REP dump drove the price down over 95% on Poloniex:
https://cryptowat.ch/poloniex/repbtc
This would also help explain some of today's numerous large ETH dumps seemingly done without concern for slippage
How did you get liquidated on okcoin from a 10% drop when the most leverage they offer is 5x? Unless you're talking about futures which is a different story alltogether.
EDIT: Yeah I think you have your markets mixed up too. 2831.97 was the bottom for front week futures, but that market is not listed on bitcoinwisdom. That is okcoin.cn spot price.
>The OKCOIN charts however, show the lowest traded price on the platform as 2831.97.
Are you saying you're looking at the Charts page on okcoin.cn and the lowest candle wick during that dump was 2832? That's very interesting... because:
>Also Bitcoinwisdom shows the lowest traded price as 2880, not 2831.97. Surely the numbers should be the same? Again happy to be wrong for a justified reason.
This is a problem with bitcoinwisdom actually. They do not report accurate candle wicks. There consistently is a difference between them and most other charting services, and 9\10 times bitcoinwisdom is short\underreporting.
Tradingview.com reports low price of 2800CNY https://www.tradingview.com/x/N7e1wzDg/
Cryptowat.ch reports low price of 2809 CNY. https://cryptowat.ch/okcoin/btccny
Tradeblock.com reports low price of 2800 CNY. https://tradeblock.com/markets/okcn/xbt-cny/1h/
My sum up to why potentially their in-platform chart reported a higher price is because it too uses bitcoinwisdom core code, which also could under-report candles. Even though it is an "official okcoin" chart, it is possible it could still suffer from this same bug. This is why I have switched to cryptowat.ch for chinese exchanges, while the page may crash a little more often and use more memory it overall is way more robust and feature rich and actually is being developed. Those guys are awesome.
Whether or not it happened, it's definitely "real" data we got from their websocket stream. Other charting sites are probably not using that stream because they don't update their charts with every trade. So if Coinbase glitched out and fixed their historical data in their REST API, our charts would not reflect that.
If there's reasonable proof that it was a glitch, I can retroactively change the data in our system to remove this drop.
EDIT: I heard from Coinbase, their feed had a bug when they recently launched a GBP market and it broadcasted GBP trades in the USD feed. Our code was written when they only had one currency pair, so we didn't defensively program against that kind of bug. I'll work on cleaning this up soon.
EDIT 2: Offending data point has been removed: https://cryptowat.ch/coinbase/btcusd/12hr
Just crossed the 100-period EMA on a 30 minute timescale on OKCoin. And also hit the "bottom" predicted by DanV. Lets see where this goes, there's 22k of unclosed shorts on Bitfinex (literally an all time high), and I'm pretty sure there aren't enough open asks to cover even half of those if the price starts rising quickly.
*Edit: Aaand its gone
*Edit 2: Flirting with that EMA again..
*Edit 3: definitive EMA crossover.
Was down here, now up again, opened with a few dollars down.
Cryptowat.ch seems to get the signal again as well, but there's a gap of around 30 minutes with no data.
- Do any of you have personal experience doing this?
- Yes.
- What platform are you using?
- Luno and bittrex
- Is it worth trying out to supplement your income?
- Depends on the amount of money you arb with. a few million? yes. 1k? no.
- How much money can you realistically make by using the minimum R100k investment? The platforms that offer this paint very rosy pictures of the potential returns but it would be nice to hear someone’s personal experience.
- currently if you arb between BTC USD on kraken and BTC ZAR on luno you will loose money. As with everything its not a given. See https://cryptowat.ch/home where you can compare Luno to other exchanges.
- Also. A platform? what platform? Be VERY careful of "platforms" that do this. Remember as soon as you transfer crypto so someone its gone. There is no fraud department that you can phone and get your money back. Scams are wild in crypto
- Are there any risks associated with doing this?
- Much, Crypto can move by 30% in 10 minutes. You can loose thousands while you're sleeping. Not only that its now illegal to transfer without notifying SARS / SARB first.
- Would you recommend crypto arbitrage to your friends and family?
- No.
I've had BTC since 2010 when they were giving it away, so I've seen the entire history of crypto, and I honestly can't tell you whether it's worth investing any money in. Personally, I wouldn't invest in anything other than BTC or ETH, as I've seen so many other coins come and go without gaining any traction. I believe BTC will become an acceptable asset, if it isn't already, while ETH will be the foundation for a lot of decentralised finance. I think BTC will therefore have a value which will continue to grow, while ETH's value is in its blockchain, so as a coin will only have a negligible value compared to the products it supports. ETH may slip if other coins offer a better/broader blockchain.
It feels as though we're currently in a relatively more stable time for BTC, and the current level of $40K-$60K might be a plateau before the next big climb. But then again I felt the same when I sold 1BTC in December 2017 for £10K, was gutted when it climbed to £16K not long after, but then watched it slowly decline to £2.5K a year later. At that point I thought BTC was dead and buried, with everyone having cashed out at the previous high, and so I only had a small contribution towards my future.
Cut back to today and I'm waiting to sell 0.25BTC before the budget, in case CGT gets nerfed instantly. I'll wait for it to get as close to £12K as I dare then sell. Have a look at the graph at the bottom of this and you can see how BTC has performed for the last 7 years.
I've basically ignored my BTC since I've had it, with just a few sales here and there. But now I can't ignore it as it will take many years to cash out without getting taxed heavily, so I will just take below the CGT limit each year while I'm working, and then below the higher tax threshold when I've stopped working.
> 5 cents
i mean it did hit 5 cents, if your data doesnt show that you should be on a better exchange. I'd recommend this for watching it at least if you dont feel like moving to a different exchange
Project lead & contributor here.
This is the first public release of our software built on top of Iced in Rust, both of which have been awesome to work with so far. We're getting great performance out of the app with minimal system resource usage. Binary size is reasonable.
Developer quality of life is also greatly improved with Rust, which is a huge intangible side effect. We've made large refactors of parts of the app with minimal fuss (once it compiles, it works).
Some details
- Over 20k lines of Rust, not including Iced
- Using most of the built-in Iced widgets and a few custom ones as well
- The app ties into REST and WebSocket APIs
- Stable memory usage around 60MB, CPU under 5% most of the time
- Cross-compiled and deployed to Windows, Mac, and Linux
TODO items relative to Iced:
- Accessibility across all controls
- System menus
- Multiple windows
- Animations
If you'd like to try it: Cryptowatch Desktop
You could just link the actual fee rates paid over the last couple weeks:
https://jochen-hoenicke.de/queue/#0,2w
For whatever reason it seems to spike midweek.
Meanwhile the feeless coin is down about 10% versus BTC over the past week or so:
, bullish ,
/ on eth \
((-^^-,-^^-))
-_---'----'
<|o` 'o|_>
\ ` /
): :(
:o_o:
"-"
charts earlier reflected that eth/usdt and eth/eur were the main proponents of the 4:30 am pump.
Take a look at this https://cryptowat.ch/assets/eth
167.25 and rising
Please don't use CMC. They post incorrect numbers and fake values from unreliable shitcoin exchanges.
Here, take a look at USD pairs.
https://cryptowat.ch/markets/kraken/usdt/usd
https://cryptowat.ch/markets/bittrex/usdt/usd
https://cryptowat.ch/markets/bitfinex/usdt/usd
Now I only have 1 question. Why people are not buying up all USDT below 1 dollar and immediately selling it on Bitfinex for that sweet, sweet arbing opportunity?
Are you sure? I think you traded it on bitfinex for 1.004 USD per 1 DAI. 1.004 USD on bitfinex is 0.9833 USDT.
https://cryptowat.ch/markets/kraken/usdt/usd/12h
Tether is slipping (again) due to people losing confidence in USDT and Finex. Arbitraging such instances is risky business as Finex's fiat gateway is in question.
Since you don't know the future you can't claim victory based on what you assume will happen.
The past, however, is fair game. Take a look at this chart, which shows the history of the BCH/BTC price ratio in daily candles.
https://cryptowat.ch/markets/okex/bch/btc/1d
It clearly shows that one of the two coins is on the way out, and it sure isn't BTC.
holy hell ... DASH ripping. From my experience over the last two years - this currency tends to be a leading indicator ... hopefully the rest follow suit.
cheers.
If you guys want a laugh.
Crytopwat.ch has gone spooky for Halloween and changed their color scheme to purple and orange plus have ghosts floating in the background of their charts.
Its obvious that all he is offering is to buy 750 S2x futures (https://cryptowat.ch/bitfinex/bt2btc/1h) in exchange for users putting an actual 250 BTC into escrow. The market value for his shit terms is actually 6.67:1 and he is only offering 3:1...
Arbitrage opportunity for him whilst he owns no bitcoins.
These guys are disgusting scammers.
Basically this is* the next evolution of Blockchain. DAG.
Welcome to the free, autonomous future my friend.
The price and markets are here
& for fun here is a real time chart of the breakout
higher lows on the 4H for both ETHBTC and ETHUSD for the past 12 hours, changing sentiment in longs vs shorts. looks like crisis averted for now, still a slow grind of trading cycles back up. personally i'm still in too long, but I'd be wary if you're looking to get back in sub 195. ignoring the price today and setting some alerts. my thesis is related to formal verification via Coq so I can probably pretend to be working while actually reading about blockchain. Roll on Raiden.
edit: no longer a higher low on the 4H, hit 195.01. BTCUSD took another dive. still think sub 195 is risky.
Alright so it's clear as day that we're going down because BTC is going down, here are some charts where you can see us following BTC down to the T - note the brief rise up 1 hour ago matches identically for both currencies:
https://cryptowat.ch/kraken/btcusd/1h
https://cryptowat.ch/kraken/ethusd/1h
(same chart on shitbase, gemini, etc)
But bitcoin has been on a run up with quick corrections like this since about the 15th. Unless this is a long term trend change (I doubt it) then bitcoin is going to start going up by the end of the day or tomorrow morning, which should... should in turn reverse us back up too since, like it or now, we're still bitcoin's bitch.
^ keep in mind I dont know what I'm talking about and am probably talking directly out of my ass here but even so we're definitely following BTC, they've definitely been trending up since the 15th with corrections like this which go back to upwards after about a day of down.
Double bottom. Maybe short term bounce.
But really the next low to break is 0.0135 from when Bitfinex was hacked.
Then 0.0124 from when the DAO was hacked.
Lets see if we reach those levels.
From looking around it seems XRP is the only coin still holding up pretty well. Keep an eye on that coin.
Quarterlies = quarterly (3 month) BTC futures contracts on OKCoin.
Last 6 one hour candles have gone up (are green) with higher volume, as shown here: https://cryptowat.ch/okcoin/btcusd-quarterly-futures/1h
Premium (higher price) of quarterlies relative to spot (normal) BTC price is $24. If you're trading quarterlies, you might want to sell when this difference hits $30 and then buy back in when the premium is smaller, resulting in you owning a higher number of futures contracts (if the price doesn't move against you in the mean time).
Less margin being used on OKCoin for those holding BTC (as opposed to BTC futures), more for those who have short positions. (This metric is used to gauge sentiment, as well as to assess the likelihood of margin traders' stops being hit or them actually being margin called if the price moves against them)
We just bounced off the overall floor of this month long bull trend. http://imgur.com/ci4ORV4
Taken from: https://cryptowat.ch/poloniex/ethbtc/
EDIT: Double bottom confirmed (on the 1m chart looking at very short-term price movements)
There's a good chance that today it will double it's previous daily high (set yesterday in volume.
https://cryptowat.ch/gemini/btcusd/1day
I started setting up my account last Tuesday when it was in Beta. I might have fiat in there tomorrow.
Gemini is late to the party. It's interesting because it's growing organically and slowly and not because of the hype.