My friend are about to expose them for price manipulation with a YT video.
He noticed a price different on ETH perp. He said there was one price in the web interface and another price in the mobile app. He watched them both closely and recorded the differences. While recording, he was in a trade with SL at 2413 and the price was at 2438 on one of the devices. SL was hit and it took 1-2 minutes before the other device got to his SL.
SCF0086
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Its not just ByBit its the nature of the game. Exchanges are the biggest whale in the market and they can see your hand. No different in going to a poker tournament where one of the players is the house who has access to the camera and can see everyones hand. This is why they give you 20x to 125x leverage because they know by default they have the upper hand, that's why if you want to have any chance you cannot put a hard stop loss or if you do it must be a emergency stop decent distance away and place your actual stop loss as a line on the chart and manually exit when it hits.
The algorithms which control price movement, mostly based on stop loss hunting tactics is designed as a psychological warfare, even if you get the best entry, the algo's will try and scare out of your hand and the moment your stopped or get scared and move your stop loss to breakeven and get stopped immediately the market will go in your favour just to make you go "ohh damn i knew it, i shouldn't have moved my stop up, and of course next time you won't and will get stopped out"
you have to understand the games rigged against you and to have any chance you have to take this into account when strategizing. A stop loss can be seen as a safety tool for you or a guarantee profit for the exchange
Also beware of streamers who give out signals "who are always right", they get rewarded for bringing in liquidity but getting special access via API where essentially they see a lot of what the exchange sees in the form of actual resting liquidity and just follow what's most profitable for the exchange but will give the signal for the opposite direction not only because they get the cut from the liquidations but they also get to fill their own bags at better prices
BrettFogle
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Bybit is party backed by Tencent, a Chinese company that owns almost everything. Can review on YouTube.
While I've experienced stop hunting in various exchanges, ByBit was the worst. Predatory price maniuplation, that resulted in a large LQ in Feb 2022.
Was in a nearly 1M margin short on BTC, and was obviously right on the direction. The MM algos moved price to just up to my LQ and took the liquidity, then price went down ever since. In a single wick. These markets are not safe, orderly, regulated, or can be trusted. Bybit especially. I was a VIP status (10M volume / month) but haven't used them since.
Based in Singapore, so there's nothing I can do. Happened 3 times in 2022. I'm sure it's similar to what BitMex was accused of, making most of their profits liquidating customers.
And there's the A book and B book, and all that... Price can and is moved around, and we know that a lot of the reported 'volume' is internal exchange volume. A + B = C.
PlOp_331
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dont worry theyre back at it again, last few days.
RealBroadeningWedge
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TBH your stop was still in the middle of the range. You'd have been better settingt AT C (below that purple candle close) or below the same candle's low.
Algos test and backtest high volume candles close... bear that in mind when you set your target/entry or stops.