Bitcoin Market Report: BTC/USD Up 4.09%: Bitfinex Interface Woes

Brief:


Bitcoin is down -0.18% on the day, up 4.09% on the week and up 5.04% on the month on a last price of 634.42. BTC/USD is trading between a 24hr high of 636.46 and a 24hr low of 630.90 on an OKCoin 24hr volume of 2355. The weekly trend is up.

Last price

634.42 BTC/USD

$USD

last price $ 634.42
one week ago $ 609.51
percentage 4.09%

Volume

Volume

The 24 hour volume on Okcoin is 2355.

Remarks

Bitcoinity Seven Day Piechart
The Bitcoinity.org seven day piechart reports that Bitfinex leads all BTC/USD exchanges in volume traded with 17.24% market share:

marketshare-btc-usd-7days-2016-10-13

Bitfinex Interface Woes
For the previous bitcoin report we used the chart of the leading exchange – which was itBit.com – as the data source of the report. If it was reasonably possible to use a Bitfinex chart today then it would be used as the data source for this report. It is not.

Instead we feature OKCoin’s chart as a superior charting tool and data source:

okcoin-btc-spot

Bitfinex has no historical charting tools of its own, relying instead on volunteer efforts on bfxdata.com. While some of the tools are custom designed and better than anywhere else, their integration with Bitfinex.com is lacking, deficient and appalling:

chart-bfxdata

When you visit the Bitfinex homepage there is no link to trading charts. In fact, when you search in the page text using the Chrome Find tool the result of searching for “chart” is “0 of 0”:

bitfinex-home-no-chart

Instead, one must login just to find out that the chart source is on another website entirely.

When logging into bitfinex.com -since the hack resulted in mandatory resetting passwords – one needs to reset the password. Then a popup advises to install the Bitfinex mobile app.

The search for a chart interface thickens as the app is downloaded, installed then launched. With software if you code garbage in, not unsurprisingly you get garbage out, and this app is no different. It’s the same useless Bitfinex interface with no chart.

So back to bfxdata we go and in mobile perspective it’s totally useless too. There is no way anyone could trade using a mobile device on bfxdata. The bfxdata interface has no provision to buy or sell coin. Okay, so how do you trade digital assets on Bitfinex? While the author has done this months earlier, it was about as easy then as the current description suggests.

Unfortunately the Bitfinex design is not the only deficient design. Bitstamp is even worse, and BTC-e.com has an interface that looks like it came from the Middle Ages.

It’s no wonder that responsive trading interface designs such as those found on Poloniex.com and OKCoin.com have propelled those companies into successful positions. The link to OKCoin’s trading charts is found on the top right on OKCoin’s home page:

okcoin-home

Even better, OKCoin has designed a custom and unique user selectable interface. You can choose even the style of charting which is reported. Hats off to OKCoin.com for a superior trading interface design:

OKCoin Website
https://www.okcoin.com/market.do

Price change

Price change is the percentage change within the period:

period change
day -0.18%
week 4.09%
month 5.04%

Featured Chart

Tap or click chart to enlarge:

chart-btc-usd-okcoin-2016-10-13

Data source

Okcoin is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Bitcoin market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 10,100,227,781 15920412 $ 634.42

Daily High Low

daily high 636.46
daily low 630.90

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 630.90
week 609.62

Resistance

Resistance is the highest price within the period:

period resistance
day 636.46
week 640.08

Margin trading

yes

The data source Okcoin offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 5.56000000
week 24.91000000
month 30.44000000

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Bitcoin is down -0.18% on the day, up 4.09% on the week and up 5.04% on the month. The weekly trend is up. BTC/USD saw weekly support at $609.62 and weekly resistance at $640.08. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday October 13 2016 19:49 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Bitcoin, BTC/USD, Okcoin, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

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