April 25, 2019, 09:46:29 pm

Author Topic: Head Fake?  (Read 644 times)

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Offline Mr. Jester

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Head Fake?
« 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

Offline Mr. Jester

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Re: Head Fake?
« Reply #1 on: July 02, 2017, 01:32:51 pm »
This was off WorldCoinIndex, maybe it was just this sight?

Offline MicroGuy

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Re: Head Fake?
« Reply #2 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
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