Topic: Please explain bitfinex stop order triggered (Read 145 times)
This looks "fabulous":
Hello guys, can you explain me this situation? I have placed BTC/BCH stop order @ 0.1425 and was pretty sure it is safe price and it will not trigger, and on charts there is one moment in time when price was dragged down by 20% and i believe lots of stop orders was triggered...
As i understand some big buy order was placed.. Or some bot made his dirty job...
Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC if looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...
1 minute chart:
Thanks.
As i understand some big buy order was placed.. Or some bot made his dirty job...
Shouldn't platform protect traders from such kind of activity? As for my small trade of 2 BCH i lost 0.07 BTC if looking at the actual prices... Also there is no signs of price recovery or something like that, if all stop orders has been taken by some big order price should have at least some time to recover, but it happens just in a single moment... And what is more it has been triggered @ 0.1425 and sold for 0.14, and all of this in a single minute...
1 minute chart:
Thanks.
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