edwardspitz
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October 23, 2014, 11:04:00 AM
Last edit: October 23, 2014, 11:28:16 AM by edwardspitz

I have a few indicators that are making new records today. Woodies CCI below -400 on the hourly chart... I choose to take it as a strong buy signal  Smiley

Those hidden buy orders on Bitfinex could be shorts closing their positions + buying back.

How do you see hidden buy orders ?

You can see it by comparing the individual trades (below the order book) and what orders are actually visible on the order book (I am looking at Bitcoinwisdom). Because of these hidden orders bid support might actually be strong even though it appears weak. Right now 3k coins were sold, but price "only" dropped $4-$5... This also indicates that there was pretty strong support between $368 and $364. Everyone can create hidden orders on Bitfinex, but I think they cost more. They give whales unfair advantage in my opinion.