ridery99 (OP)
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March 07, 2017, 04:39:12 PM |
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Because of the recent news, there was a flash dump anomaly earlier today, from over 1200 to 1050 then quick recovery.
Is this a sign of popping bubble or was it just a single whale dumping or bot anomaly?
What about technical analysis? Discussion.
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Wilhelm
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March 07, 2017, 04:41:58 PM |
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A whale probably made a boo-boo (aka sell-order instead of a buy-order) hahahah
Stop analyzing every bump and fart on the chart ....
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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ridery99 (OP)
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March 07, 2017, 04:46:09 PM |
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A whale probably made a boo-boo (aka sell-order instead of a buy-order) hahahah
Stop analyzing every bump and fart on the chart ....
But that wasn't just a fart, look at the chart! When was the last time you saw something like this
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richardsNY
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March 07, 2017, 04:47:13 PM |
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Sorry to say, but the lowest price was $1176 at Bitstamp and $1185 at Bitfinex. From where do you get $1050? Either way, it's just a large trader that most likely took profits. It's a fact that order books lack liquidity, and thus a large trader needs to sell the price significantly down in order to unload the amount he wanted to get rid of.
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Karpeles
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March 07, 2017, 04:48:49 PM |
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Just another dump caused by rumors that won't last for more than 12 hours. In fact less than 6 hours price is almost the same as before.
If you analyze the graph closely you'll see more of them this year. Good opportunity to make daily trades and increase bitcoin holdings for a few %.
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JimboToronto
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March 07, 2017, 04:48:59 PM |
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$1050? Where did you see that?
I see a bottom of $1176 at Stamp, $1185 at Finex, and even BTC-e only went down to $1163.
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ridery99 (OP)
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March 07, 2017, 04:50:57 PM |
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Sorry to say, but the lowest price was $1176 at Bitstamp and $1185 at Bitfinex. From where do you get $1050? Either way, it's just a large trader that most likely took profits. It's a fact that order books lack liquidity, and thus a large trader needs to sell the price significantly down in order to unload the amount he wanted to get rid of.
Coinbase.
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Sniper44
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March 07, 2017, 04:54:00 PM Last edit: April 05, 2017, 11:04:38 AM by Sniper44 |
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Sorry to say, but the lowest price was $1176 at Bitstamp and $1185 at Bitfinex. From where do you get $1050? Either way, it's just a large trader that most likely took profits. It's a fact that order books lack liquidity, and thus a large trader needs to sell the price significantly down in order to unload the amount he wanted to get rid of.
Coinbase. the lowest price on Coinbase was $1190.6!!! unless you are living in an alternate universe this was the price in our universe. here is the charts from bitcoinwisdom.com
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to the moon with bitcoin...
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ImHash
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March 07, 2017, 04:54:51 PM |
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Because of the recent news, there was a flash dump anomaly earlier today, from over 1200 to 1050 then quick recovery.
Is this a sign of popping bubble or was it just a single whale dumping or bot anomaly?
What about technical analysis? Discussion.
Your source and the link to the proof first please, you can't just throw a statement and provide no evidence, maybe you were on a crappy exchange where some whales control the price and volume for their own benefit https://coinmarketcap.com/currencies/bitcoin/
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pereira4
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March 07, 2017, 04:58:01 PM |
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The price didn't go that low, it was higher than that, and it is typical of bitcoin to show those kind of ups and downs. Insta dumps can happen, insta buys can happen too. What happened is, people had a ton o buy orders that got filled quickly, that's all. I don't think anything out of the ordinary happened. Just another day in bitcoin office.
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richardsNY
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March 07, 2017, 04:59:05 PM |
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Sorry to say, but the lowest price was $1176 at Bitstamp and $1185 at Bitfinex. From where do you get $1050? Either way, it's just a large trader that most likely took profits. It's a fact that order books lack liquidity, and thus a large trader needs to sell the price significantly down in order to unload the amount he wanted to get rid of.
Coinbase. still it was $1190 He is right, Coinbase price got dumped down all the way to $1050. https://bitcoinity.org/markets/coinbase/USDI still support my earlier post. It's most likely a whale that dumped the price all the way down due to the lack of liquidity. Nothing really interesting as the market recovered nicely from that dump.
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Wilhelm
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March 07, 2017, 04:59:21 PM |
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Go to Bitcoinwisdom. Look at the 1w chart. Load up the BollingerBand (BBAND)
You will see that we are still on the top side of the bollinger band. The "fart" did register but is nothing to worry about.
I've seen "farts" pushing BTC to 3100EUR for a millisecond. I've seen "farts" bringing Bitcoin to it's knees for a millisecond.
I've seen Bitcoin fluctuate way more than this and have learnt that the only thing that matters is your long-term perspective on Bitcoin.
If you are so jumpy then get out of Bitcoin ;-)
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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ridery99 (OP)
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March 07, 2017, 05:00:00 PM |
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Sorry to say, but the lowest price was $1176 at Bitstamp and $1185 at Bitfinex. From where do you get $1050? Either way, it's just a large trader that most likely took profits. It's a fact that order books lack liquidity, and thus a large trader needs to sell the price significantly down in order to unload the amount he wanted to get rid of.
Coinbase. still it was $1190
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Meuh6879
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March 07, 2017, 05:01:11 PM |
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bitcoinwisdom API bug. legit but the orders don't touch this (planned orders). i have planned orders.
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JimboToronto
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March 07, 2017, 05:14:47 PM |
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bitcoinwisdom API bug.
Kinda like the one that shows Stamp going to $0 last June. This is why it's wise to check multiple exchanges. Even better is an averaging index.
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aardvark15
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March 07, 2017, 05:59:14 PM |
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That can easily happen on one exchange but not on the others. That drop was pretty big, but if the ETF is not approved, it could drop more than that on all exchanges.
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rivoke
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March 07, 2017, 06:02:32 PM |
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Well that's very unusual value since I'm trade bitcoin over a year but as you can see that people still trust on bitcoin and they can't be provoke by sudden dump by seeing the fact that bitcoin value keep stable on $ 1.250 ++ (preev)
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Paashaas
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March 07, 2017, 06:07:56 PM |
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A whale probably made a boo-boo (aka sell-order instead of a buy-order) hahahah
Stop analyzing every bump and fart on the chart ....
But that wasn't just a fart, look at the chart! When was the last time you saw something like this Everyone has already forgotten that nasty ~$300 dump 2 months ago, this $100 drop is nothing.
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BitHodler
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March 07, 2017, 06:17:04 PM |
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https://www.gdax.com/trade/BTC-USDLooks like one or more traders got a bit too excited when they were securing profits. It might even have been a trick to trigger stop loss orders. I think the latter is a likely scenario. It shows that it does pay off to set some lower buy orders just in case the price sinks down heavily. I do exactly that, however, it went only down that far on gdax/coinbase.
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LFC_Bitcoin
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March 07, 2017, 06:28:10 PM |
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The more I think about it the more I think it is probably a massive whale or a small number of whales who may have some inside info about a potential ETF approval. Perfect way to get more coims before the approval & subsequent moon trip? Simple......dump a shit load of coins which makes morons panic sell......then buy up a load of cheap coins in tike for moon launch.
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