ElectricMucus (OP)
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Activity: 1666
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Marketing manager - GO MP
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April 07, 2013, 02:45:06 PM |
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 You have an explanation? |
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bitarrow
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April 07, 2013, 03:09:43 PM |
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someone cashing out responsibly?
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fabrizziop
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April 07, 2013, 03:12:59 PM |
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Mt.Gox was under DDOS that time, people couldn't panic. Although that means next selloff will be huge.
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BTC Books
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Activity: 84
Merit: 10
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April 07, 2013, 03:40:16 PM |
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I noticed that too.
I think it's Pavlovian. People were trying to front run the next dump - and got played.
There's some good traders in bitcoin.
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Dankedan: price seems low, time to sell I think...
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A_Free_Man
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April 07, 2013, 05:36:17 PM |
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Hack MtGox servers Post Closing down message  Profit |
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Canaanite
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April 07, 2013, 06:06:01 PM |
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Mt.Gox was under DDOS that time, people couldn't panic. Although that means next selloff will be huge.
Yeap, hackers are trying to cause panic in order to sell high and buy low |
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PrymeTyme
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April 07, 2013, 07:13:52 PM |
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those are signs of strenght ... as u see traders buy into weakness .. the high vol. resulting in no downward progress tell us just that.. i mean look whats happened there ,we traded lower but closed near the highs all the time .. u could call that shakeouts ... get rid of weakholders so to speak cheers  |
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BitcoinTate
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Activity: 224
Merit: 100
DigiByte Founder
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April 07, 2013, 07:27:34 PM |
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That is where all the panic flash crashes have occurred. A quick crash has followed every big price jump.
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- aka The "DigiMan"
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Elwar
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Viva Ut Vivas
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April 07, 2013, 09:02:21 PM |
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You have an explanation? I would say that someone photoshopped those black arrows. I do not think it is part of the original chart. Good enough explanation? |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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ElectricMucus (OP)
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Marketing manager - GO MP
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April 07, 2013, 09:15:05 PM |
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This is not a contest for the most stupid attempt at a witty response!  |
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ehoffman
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April 07, 2013, 11:22:54 PM |
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Simple, the 1st 3 events, people panic and sold/bought in 10 minutes, hence the high volume. Last sold/buy occurred slowly over a few hours, no real panic, so the volume is there, but much more spread out. If you take the "energy" of the first 3 spikes, and compare to the 4th sell/buy over larger time period, I'm sure you get the same...  |
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ElectricMucus (OP)
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Activity: 1666
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Marketing manager - GO MP
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April 07, 2013, 11:47:54 PM |
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Simple, the 1st 3 events, people panic and sold/bought in 10 minutes, hence the high volume. Last sold/buy occurred slowly over a few hours, no real panic, so the volume is there, but much more spread out. If you take the "energy" of the first 3 spikes, and compare to the 4th sell/buy over larger time period, I'm sure you get the same... Yes that makes sense. But it still doesn't explain why it took so long this time. |
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||bit
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April 08, 2013, 01:32:53 AM |
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You have an explanation?
If there was any real meaning to a trend. The trading volume may have simply got split between two hour bars. Just add up the two red bars below where your arrow is pointing. Consider that the prior volume spikes were decreasing in size over time. They add up to about the volume one might have expected if the trend was thought to be significant or meaningful. |
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