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Topic: $1050 2min flash dump anomaly - page 2. (Read 1437 times)

legendary
Activity: 1512
Merit: 1011
March 07, 2017, 01:01:11 PM
#14
bitcoinwisdom API bug.
legit but the orders don't touch this (planned orders).

i have planned orders.  Grin
hero member
Activity: 616
Merit: 500
March 07, 2017, 01:00:00 PM
#13
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

legendary
Activity: 1652
Merit: 1265
March 07, 2017, 12:59:21 PM
#12
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 ;-)
legendary
Activity: 1232
Merit: 1091
March 07, 2017, 12:59:05 PM
#11
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/USD

I 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.
legendary
Activity: 1610
Merit: 1183
March 07, 2017, 12:58:01 PM
#10
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.
hero member
Activity: 924
Merit: 506
March 07, 2017, 12:54:51 PM
#9
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 Cheesy
https://coinmarketcap.com/currencies/bitcoin/
hero member
Activity: 714
Merit: 501
March 07, 2017, 12:54:00 PM
#8
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
hero member
Activity: 616
Merit: 500
March 07, 2017, 12:50:57 PM
#7
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.
legendary
Activity: 4032
Merit: 4562
You're never too old to think young.
March 07, 2017, 12:48:59 PM
#6
$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.
legendary
Activity: 1162
Merit: 1000
March 07, 2017, 12:48:49 PM
#5
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 %.
legendary
Activity: 1232
Merit: 1091
March 07, 2017, 12:47:13 PM
#4
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.
hero member
Activity: 616
Merit: 500
March 07, 2017, 12:46:09 PM
#3
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  Huh
legendary
Activity: 1652
Merit: 1265
March 07, 2017, 12:41:58 PM
#2
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 ....

hero member
Activity: 616
Merit: 500
March 07, 2017, 12:39:12 PM
#1
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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