Here are the results of my recent (mtgox) order book calculations. As always, to be taken with a large grain of salt, since the order book is of course a primary tool for manipulation.
Apart from the obvious findings (rather big ask wall at 120; significant drop of bid/ask ratio over the weekend, from a peak of ~140 to ~120, now slightly going up again), the average of the 'all orders market execution price' is going up again, after going down about 10 USD over the weekend, indicating more bids/less asks and a better price composition. Finally, price composition in the range of the previous bid/ask totals also improved slightly, prices up about 2% compared to 12h ago.
Looks good to me. Word of caution though: with similar, in fact: even better values at the end of last week (my calculations showed a peak of the above values on the 10th), we barely passed 120, and not for long either. So I'm not exactly holding my breath that we're going to break 125 this week, although I'm not ruling it out either.
On the other hand, as I have posted multiple times now, as long as those metrics (and the related money flow metrics) don't substantially change in the coming days, I really don't see the potential for any sharp decline either.
Apart from the obvious findings (rather big ask wall at 120; significant drop of bid/ask ratio over the weekend, from a peak of ~140 to ~120, now slightly going up again), the average of the 'all orders market execution price' is going up again, after going down about 10 USD over the weekend, indicating more bids/less asks and a better price composition. Finally, price composition in the range of the previous bid/ask totals also improved slightly, prices up about 2% compared to 12h ago.
Looks good to me. Word of caution though: with similar, in fact: even better values at the end of last week (my calculations showed a peak of the above values on the 10th), we barely passed 120, and not for long either. So I'm not exactly holding my breath that we're going to break 125 this week, although I'm not ruling it out either.
On the other hand, as I have posted multiple times now, as long as those metrics (and the related money flow metrics) don't substantially change in the coming days, I really don't see the potential for any sharp decline either.
I just went through it as well and clearly there is money starting to flow back into BTC. It is not huge, but the first decent jump I've recorded in a week or so and the bids (130k) at $70 are higher now than any (I've) recorded.
Sell side $ value at 100k and 50k are up as well. Things starting to creep.
But, as you said, manipulation can occur here, but still a good sign. I don't see any big walls anyway, it is the many small ones we can't see.
Edit - I now see the walls coming up.