Holy shit goys, look at that sell pressure. Goldman Sachs is

What are the blue and red lines?

newbie here...plz explain

>>3095894
(((they))) spent $80M to manipulate the market. basically all volume right now is arbitrage bots that are getting dumped into by (((them))) wash trading.

i don't think it's goldman sachs because whatever is going on is clearly illegal.

>>3095890
It's worked out from the mean price over different time periods.
You can see compare trends - when lines cross it can often be a predictor in price changes.
The green and red charts represent bitcoin staked to sell (red) against usd staked to buy (green) on an exchange.

>>3095890
Just a general directions of what way the market is going. They have names but I'm driving and can't look them up.

>>3095921
Literally laughing my fucking ass off. And I wrote that because I don't have a laughing whores image on my phone. Because Goldman Sachs would never do anything illegal would they.

>>3095921
Thanks Anon.
How do you read EMA12 and EMA26?

>>3095872
just going to need to put a few more tethers on margin to push it past the ATH!

>>3095941
Of course not....they are saint..I tell ya.

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>>3095941

>>3095946
Dude, if the line is angled up in the market is going up. If the line is angled down and the market is going down. Come on.

>>3095972
Got it..thanks again..

Crash incoming?

>>3095921
>clearly illegal.

Implying crypto isn't as lawless as the wild west

Seriously tho, are there laws to protect people from this?

>>3095872
*HIGH FARTS*

seems like an obv joke
how dumb are you basement neck beards?

>>3095872

this is obvious,
a sellout looks better at 5k than 4.something

save yourself and sell while you can, dont be greedy,

this is about to go deeper than the Mariana trenches

>>3095998
There's no laws that say somebody can buy at a higher price but there are laws against spoofing. It's not going to be crypto that takes the Heat it's going to be the exchanges that allow the illegal activity.

>>3095994
if bitfinex stops allowing margin trading with tether this whole house of cards is going to implode

>>3095972
Got any link or source I could read upon these...inb4 google.

>>3096013
There's enough so pressure at 4700 to knock it back to the mid 3000s. That's assuming it doesn't get spoofed or high bid from going down.

>>3096091
>margin trading with tether
Why is that different from margin trading with regular fiat?

>>3095872
Could you please, in your own words, explain that bottom chart to me?

>>3096256
because tether can be bought and sold instantly with no buy or sell limits
basically lets you move millions in and out of a market to manipulate it
with usd you have to deal with regulations that prevent manipulation

>>3096267
Where they meet in the middle = market price

price = horizontal
volume = vertical
orange = sell
green = buy
The mountain just slopes up past $4100 at $4800+

>>3096256 tether allows you to partake in tax evasion. Tether equals one American dollar. The blockchain and makes it will not honor that dollar. So there is some risk to using it. But prices have to be paid to evade the IRS.

>>3096280
So the chart shows future buy and sell orders?
Does this include stuff like trailing stop losses?

>>3096267
The bottom chart. The left side are by orders the right side are sell orders. They accumulate as more and more build up going left and right. Farther left the lower the price those people are willing to pay and the farther right you go the higher the price those people are willing to sell for. If one side is bigger bulgyer or steeper then that side has more pressure.

>>3096312
Huh.

So the chart in the OP shows that a lot of people want to sell when the price goes up a little bit?

What about people who want to sell when the price goes down, and buy when the price goes up?

>>3096303
The chart shows current trade prices (people place an order and go jerk off to pron or w/e until it goes through), but it *can* give us an idea of what will happen. The price is going to slowly decrease because of that wall... I mean unless someone wants to buy it at that price.

People want to sell their shit and cash out ---> price keeps dropping

>>3096334
Nobody wants to sell when the price goes down. Those are stop-loss orders and they are not display so you always have to remember that they are present there.

>>3096345
>>3096346

Oh so they're the immediate, real-time orders just waiting to be processed, and not "future" buy or sell points?

>>3096360
Yes, they want to sell their bitcoins at 4.5k for instance, and then you see it sloping down dramatically. All of these people are undercutting each other's asking price (orange line) wanting to cash out.

(green line) No one wants to buy it for that much

>>3096360
No those are future. They are orders on the books but only when the price gets there. Those would be limit orders. Nobody shows the stops because if you knew the stops, you could crash or create a bubble with ease.

>>3096380
exchanges know the stops

I heard once on /biz/ of a guy who had what I think he called lvl 4 access that gave him all information that the exchanges possess including stops

>>3096397
That goes without saying it also goes without saying that if you're trading with that information you are breaking the law.

>>3096379
>>3096380
Thanks bruhs.

Trying to find this "market depth" chart in my tradingview windows, but apparently it's not there.

>>3096591
You probably won't have one if you're not using the tools The Exchange provides you.

>>3096696
The TradingView chart window ("widget") I use is the one Kraken gives you.

>>3096709
Never used it I don't use Kraken. It sounds pretty low-key though go to the website they probably have it there.

>>3095972
You didn't mention that it is a lagging indicator. Key point.

>>3095934
>They have names but I'm driving and can't look them up.
>but has time to type that fuck-ass long post
Hope you get into a car crash faggot

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Ohh Lord that wave is getting huge.

>>3096782
Some things require different amounts of concentration I shouldn't need to explain that to another human being.

>>3096788
Goooood good. I sold BTC earlier today at 4350 and got buy orders all the way down.

>>3096798
Trying to decide if I should sell my ether or not. What do you think?

>>3095872
CAN SOMEONE EXPLAIN TO ME WHY THE CHART IS THE WAY IT IS??/

>>3095890
moving averages

>>3096769
Yeah the website has it, but it's very minimalistic.

What's a good site with a good market depth chart?

>>3096788
time to short?

>>3095998
>>3096033
>>3095921

Someone clarify this please, its being implied a bank is attempting to drive a price in one direction or maintain it? How do you tell that it's them and how is it illegal?

>>3096788
what app is that btw?

Decided to sell my ether, now the market is free to hit an all-time high.

>>3097125
It's all speculation just like the market that allow me to explain. Since the start of the bubble someone has been spoofing the Bitcoin Market to make it go up. This person has tens of Millions in both Bitcoin and Fiat to move it any Direction they want. Then right in the middle of its biggest rise Goldman Sachs comes out and predicts that is going to 4800 and then it will crash or it could crash to $3,000. Another fact is decentralized currency is the biggest threat to the globalist and central banks, pardon the redundancy, since President Kennedy. Another fact is the best and easiest way to destroy it would be to cause massive bubbles and crash them until the public loses faith. Then they can come in and tell everybody how they called it and that they are the only one you can trust. All you need is an exchange that has low morality. massive bubbles and crash until the public lulu's bait. Then baby helmet and tell everybody alley called m_f_a are the only 1 control. All you need in exchange I have low or ali.

>>3097266
But we already have a precedent for bitcoin bubbling and crashing hard, in 2013, and then after a while shooting up to 4 times that 2013 bubble high point.

Even if the crash were exponentially greater next time around, that precedent is there forever.

Bitcoin is here to stay.

>>3097288
Look how long it took for Bitcoin to start moving again. If you create enough Bubbles and enough crashes and people lose enough money you will eventually scare most of them away. And even if it does recover if it takes as long as 2013 they can have their own blockchain up by then. You can argue all you want but at the end of the line they have the most benefit by crushing it up and causing it to crash. Because they are not buying they are crashing. They are not trying to make money they are trying to eliminate a threat. But if you disagree what is your take on it. Who has more to gain than the central banks.

>>3097288
The danger we might be facing now is those jew faggots doing this over and over again. Just like they've been doing to gold.

>>3097327
so what's your short position at?