BTC made a move above $10k today due to this? - page 2.

Stedsm

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Quote from: jackg on February 11, 2020, 03:37:36 PM

I know there have been pumps that coincide within 5 minutes of coinbase going down in the padt.

But I don't know how much I'd trust that and how much people are after the excuse to keep a position more stable on bitmex. I'm not even sure it's worth it...

It could have gone either way (I mean I've also seen this to be turning red sometimes so it's not something I'd call as fixed upside move) but the fact is, you can try with a leverage of around 5-10x max and go for either one side you believe, that will show up, or just make 2 accounts and hedge your position to make small profits once the direction of the market is confirmed.

jackg

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https://bit.ly/387FXHi lightning theory

I know there have been pumps that coincide within 5 minutes of coinbase going down in the padt.

But I don't know how much I'd trust that and how much people are after the excuse to keep a position more stable on bitmex. I'm not even sure it's worth it...

jossiel

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There must be a connection with that said maintenance, I remember Bitmex did the same thing before and the market pumped as well. I don't have proof of what they do but there must be sort of interconnection with the said maintenance.

But whatever it is, if it has recovered back to $10,000 quickly this must be a sign of stronger bullish sentiment.

Stedsm

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Quote from: figmentofmyass on February 11, 2020, 02:54:56 PM

Quote from: Stedsm on February 11, 2020, 02:51:54 PM

the thing is, their announcement was enough for such manipulation to take place

what manipulation do you think took place, exactly?

It went up ~5% in a matter of minutes, what would you call it if not manipulation? I didn't say that Bitfinex managed to manipulate the markets but it was a good short term shake for the short-ers to get a shock with a candle almost red during the beginning of the day but suddenly stroked up in no time.

figmentofmyass

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Quote from: jackg on February 11, 2020, 02:46:58 PM

Oooooo wow so it did...

Did the times coincide?

nope. zoom in to the hourly chart. bitfinex came back online 2+ hours before that big green candle through $10k. the market usually stays pretty sideways when major exchanges are doing maintenance.

Quote from: Stedsm on February 11, 2020, 02:51:54 PM

the thing is, their announcement was enough for such manipulation to take place

what manipulation do you think took place, exactly?

Stedsm

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Quote from: jackg on February 11, 2020, 02:46:58 PM

Did the times coincide? I didn't think bitfinex has much of an effect on the market but maybe it did... Normally a move like that coincides with the first 5 minutes of a maintenance mode.

No, the times didn't coincide I guess but the thing is, their announcement was enough for such manipulation to take place as always witnessed before that whenever they threw some maintenance, we were always having an impact of higher volatility in markets.

jackg

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https://bit.ly/387FXHi lightning theory

Oooooo wow so it did...

Did the times coincide? I didn't think bitfinex has much of an effect on the market but maybe it did... Normally a move like that coincides with the first 5 minutes of a maintenance mode.

A lot of TA guys were suggesting we'd stay level around this point until the 21 emancaught up (I think weekly they meant).

Stedsm

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I saw an announcement made some time ago that Bitfinex was going to have a maintenance mode today, so did it apparently served as a reason for BTC to make a jump above $10k once again? According to their tweet 3 hours ago, their maintenance was successfully finished. Shall we conclude that it was a mild pump that's over now or was it a sign of the bullish revert once again?

Topic: BTC made a move above $10k today due to this? - page 2. (Read 261 times)