We observe the following 2 interesting figure:
First interesting Figure:
Price drop from 178 to 147 is about 17% off discount. (26th, APR. VS 24th, APR, 2019)
Price drop from 178 to 161 is about 10% off discount. (25th, APR. VS 24th, APR, 2019)
At the same trading time from 20:00 to 12:00, the trading volume is about 2.5 times larger for the bigger discount. (26th VS 25th, April, 2019)
Looking like Major Dumping hour's volume has been absorbed. And the dumping volume is not as large as the uptrend breakthrough on 2th of April, 2019(1/3 of the volume).
We guess, it might be a long position take profit liquidation for finding a better re-entry level.
Second interesting Figure:
A strange price spread enlarge from around 1 USD to around 7 USD by different exchange: for example:
Bitfinex(ETHUSD Asia based) VS Coinbase(USA), or
Binance(ETHUSDT Asia based) VS Bitmex(USA)
Scenario 1: Major dumping coming from US region not from Asia Region?
Or Scenario 2: the price might drop more, but Asia market buying more causing the drop slow down?
Let's check history, we find 3 case in recent past half year.
1. Futher Drop Development:
---Nov 10 to Nov 13, 2018 it appeared the same level of spread. Price drop and Then price drop sharply.
2. Price Up shortly and remain Flat Development:
---Oct 13 to Oct 15, 2018.
3. Price Up for one week, then price drop sharply.
---Dec 29 to Jan 7 for a price peak, then drop sharply.
2/3 case price Up.
2/3 case might be drop sharply.
Up and down are half half opportunity.
First interesting Figure:
Price drop from 178 to 147 is about 17% off discount. (26th, APR. VS 24th, APR, 2019)
Price drop from 178 to 161 is about 10% off discount. (25th, APR. VS 24th, APR, 2019)
At the same trading time from 20:00 to 12:00, the trading volume is about 2.5 times larger for the bigger discount. (26th VS 25th, April, 2019)
Looking like Major Dumping hour's volume has been absorbed. And the dumping volume is not as large as the uptrend breakthrough on 2th of April, 2019(1/3 of the volume).
We guess, it might be a long position take profit liquidation for finding a better re-entry level.
Second interesting Figure:
A strange price spread enlarge from around 1 USD to around 7 USD by different exchange: for example:
Bitfinex(ETHUSD Asia based) VS Coinbase(USA), or
Binance(ETHUSDT Asia based) VS Bitmex(USA)
Scenario 1: Major dumping coming from US region not from Asia Region?
Or Scenario 2: the price might drop more, but Asia market buying more causing the drop slow down?
Let's check history, we find 3 case in recent past half year.
1. Futher Drop Development:
---Nov 10 to Nov 13, 2018 it appeared the same level of spread. Price drop and Then price drop sharply.
2. Price Up shortly and remain Flat Development:
---Oct 13 to Oct 15, 2018.
3. Price Up for one week, then price drop sharply.
---Dec 29 to Jan 7 for a price peak, then drop sharply.
2/3 case price Up.
2/3 case might be drop sharply.
Up and down are half half opportunity.
Comment:
Finding several news... Maybe can explain why spread between others are so high .....
bitfinex and tether exodus leads to 7th most confirmed bitcoin transactions in a day
www.newsbtc.com/2019...ansactions-in-a-day/
Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege
www.coindesk.com/bit...r-850-million-allege
Is This Exchange a credit worth Exchange?
bitfinex and tether exodus leads to 7th most confirmed bitcoin transactions in a day
www.newsbtc.com/2019...ansactions-in-a-day/
Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege
www.coindesk.com/bit...r-850-million-allege
Is This Exchange a credit worth Exchange?
Comment:
Happy Hit & Run Range Trading.
Bearish Flag?
..Maybe....another drop...Drop More please :)
Bullsih SWAP Channel?
..Maybe...
----unstable "Stable coin" Tether causing fund SWAP to bitcoin(Bitcoin up to 5600)
....and then SWAP to other USDT....(Bitcoin drop from 5600 to lower than 5000)
....and then new bullish Long positions Entry...
Bearish Flag?
..Maybe....another drop...Drop More please :)
Bullsih SWAP Channel?
..Maybe...
----unstable "Stable coin" Tether causing fund SWAP to bitcoin(Bitcoin up to 5600)
....and then SWAP to other USDT....(Bitcoin drop from 5600 to lower than 5000)
....and then new bullish Long positions Entry...
We plan to go long again.
Dump more please :)