GoldCoin Talk

Economy => Trading Discussion => Topic started by: Mr. Jester on July 02, 2017, 01:30:06 PM

Title: Head Fake?
Post by: Mr. Jester on July 02, 2017, 01:30:06 PM

Did anyone else see the head fake then flash crash?
 Looking at the live chart this morning , everything normal with about 40,000 volume , all of a sudden 300,000 volume and up to .18 then crashed back to .09 within 1 minute ??
Very confusing??
Mr. Jester

Title: Re: Head Fake?
Post by: Mr. Jester on July 02, 2017, 01:32:51 PM

This was off WorldCoinIndex, maybe it was just this sight?

Title: Re: Head Fake?
Post by: MicroGuy on July 02, 2017, 02:15:43 PM

There's heavy action today on Bittrex. I suspect the volume spike is one guy trading between 2 accounts. Probably a bot playing both sides and trying to capture profits in the spread. The most important number to watch is the BTC total at the bottom of the buy side order book.

Here's a good link to monitor if you're interested in speculator activity: https://bittrex.com/Market/Index?MarketName=BTC-GLD