kwiz

Is this coincident? BTC dumps everyday around a same time!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Notice the vertical lines, they are in the same time of the each day. It has been 5 days in a row that BTC dumps around that exact time! Big red candles are usually on these exact lines or just 1 candle before or after.

Is this coincident? I think not. Any idea on why?
Comment: After one day breaking the rule, in the last 2 days BTC has returned to its habit to have a big red candle around the 16:00 UTC mark
those were the dump from the gox account which were timed there should be smaller drop in between as well 2 drops/dumps a day
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Dayta Dayta
@Dayta, i only see a start of your answer everytime it ends with .... and i have no idea how to get your full message or where to find it.
anyway the whole story about that is far to big and too complex to put it all in but in short one giving the comand to execute sells of coins during high points failed to do so misserably even ended up in panik sellsat which point court stepped in to prevent further missteps and advice if when and how more coins will be sold chances are (speculation) he who initiated the selling has to wait at least until the 13000$ range is reached and then i would exepect no silly sells like there was for example

sold 6000 btc (check the time frame)
https://blockchain.info/de/tx/fa824de460a4048fdc404b041bfad6ae5c689ec196721f1eb7ae6c439961df86

2 minutes later again 6000 btc sold which is just stupid after tanking the price with the first bomb drop
https://blockchain.info/de/tx/d833bd0e7bed0f09748a0cb04611ced5fc9210f95b40b0c02cd65b3ce326f67a

and then again 6000 btc sold 48 seconds later (he is catching up getting faster with selling seams he had figured out how the interface works )
https://blockchain.info/de/tx/571413cf2e047f250ee4f82405cf69a796e5855d57da1527e43e44d7356e1936

he dumped at very questionable situation but thats something court has to deal with as i said one could go into detail about whats going on but it comes down to .. yes gox coins are beeing sold and the way of dumping them instead spreading it overtime has happen ist stopped and hopefully wont happen again in that manner
+1 Reply
What time zone are you using?
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kwiz retiringsoon1
+1 Reply
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