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/biz/ - Business & Finance

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File: 87 KB, 1419x674, ETHEURx.png [View same] [iqdb] [saucenao] [google]
5925909 No.5925909 [Reply] [Original]

This is the EUR/ETH chart from GDAX some minutes ago. How does a spike like this happen?

>> No.5925956

>>5925909
cascading stop loss orders

>> No.5926043

>>5925956
mind to elaborate?

>> No.5926155
File: 81 KB, 713x809, 1504217001553.png [View same] [iqdb] [saucenao] [google]
5926155

>drop from 831 to 830.25 euromonies
wew lad

>> No.5926166

>>5926043
people set stop losses near big barriers (like 1k ETH USD), so whales manipulate the price down to trigger the orders (stop loss hunting) and pick up cheap coins with low buys. they also do it with margin calls like the ETH flash crash back when gdax still did margin trading.

>> No.5926190

>>5926155
>>5925909
I didn't even look at the amounts, so a real hunt would result in much bigger changes

>> No.5926207

please turn on candles if you want to discuss the chart accurately

>> No.5926229

>>5925909
whale clubs

>> No.5926274

>>5926155
Yepp, obviously it's not a huge gain/loss but how does this happen when the line before and after is almost flat?

>> No.5926357

>>5926274

Jesus christ dude this isn't hard. Someone market sold a few dozen ETH. Done.

>> No.5926368

>>5926274
if you want to sell/buy a certain amount your order may easily push/drop the current price in order to fill your order. How fucking new are you?

>> No.5926417
File: 79 KB, 1434x674, ETHEURxCandle.png [View same] [iqdb] [saucenao] [google]
5926417

>>5926207
Here is it some time later with candles turned on.

>> No.5926615
File: 99 KB, 786x826, 1467893475484.jpg [View same] [iqdb] [saucenao] [google]
5926615

good thread, lads. No, really.