Neurotoxin Posted May 10, 2021 Share Posted May 10, 2021 3 minutes ago, Neurotoxin said: We’re seeing red across the board, it’s not just XRP. This is bots trading. This is just a random section I snipped from. You can see that everything in the snip is in the red. Most cryptos are at the moment, some are green but most are red. It's not isolated to XRP. Seoulite 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted May 10, 2021 Share Posted May 10, 2021 2 minutes ago, Neurotoxin said: This is just a random section I snipped from. You can see that everything in the snip is in the red. Most cryptos are at the moment, some are green but most are red. It's not isolated to XRP. Relax man, we will all ... Link to comment Share on other sites More sharing options...
OldManWinter Posted May 10, 2021 Share Posted May 10, 2021 WTF just happened? This is on the 5 minute candle chart of XRPUSD on Poloniex? Link to comment Share on other sites More sharing options...
madmellow Posted May 10, 2021 Share Posted May 10, 2021 23 minutes ago, Moonraker said: Anyone know what the target is to where we're dropping to? 80 cents. Elliot Wave Theory. Moonraker and BluKoo 1 1 Link to comment Share on other sites More sharing options...
Neurotoxin Posted May 10, 2021 Share Posted May 10, 2021 I feel like a shakeout is in the mix to get rid of more weak hands. This might get prolonged and ugly IMO. It's too early to call and I'm no analyst but I had a gut feeling about a week ago to sell the stack I had on uphold cuz usually after we're stagnant/sideways for a prolonged period we have a dump and I did nothing. Not gonna lie it stings a little cuz I called it and didn't take action. Oh well, back to just holding and waiting. I'll wait for @Seoulite to post his thoughts Link to comment Share on other sites More sharing options...
JASCoder Posted May 10, 2021 Share Posted May 10, 2021 1 minute ago, OldManWinter said: WTF just happened? This is on the 5 minute candle chart of XRPUSD on Poloniex? Bid stacks across a whole bevy of tokens were wiped out by some deep pocket market takers. Neurotoxin and Seoulite 2 Link to comment Share on other sites More sharing options...
Neurotoxin Posted May 10, 2021 Share Posted May 10, 2021 2 minutes ago, OldManWinter said: WTF just happened? This is on the 5 minute candle chart of XRPUSD on Poloniex? I think it's likely whales just eating up stop losses and doing a shakeout so they'll have less sell pressure when they wanna manipulate the market in the opposite direction. Link to comment Share on other sites More sharing options...
Frisia Posted May 10, 2021 Share Posted May 10, 2021 (edited) 23 minutes ago, Neurotoxin said: We’re seeing red across the board, it’s not just XRP. This is bots trading. Yes sure, many dumps are on rounded time stamps: 15.30, 15.45, 16.00, 16.15, 20.00, 20.30, 21.00 (CET). That cannot be a coincidence, but XRP seems just far more volatile than other tokens these days... It seems as if XRP is more manipulated than others but I could be wrong. Edited May 10, 2021 by Frisia Link to comment Share on other sites More sharing options...
Wolfaolyth Posted May 10, 2021 Share Posted May 10, 2021 (edited) Wow 0.63 on poloniex ! Nice dip ! Only 1.21 on binance People will never learn... don t use stop loss with the crypto market.....this is the best way to get *****ed Look Shib didn t give a shit ! It s a safe heaven !! Fomo !!! Edited May 10, 2021 by Wolfaolyth Link to comment Share on other sites More sharing options...
OldManWinter Posted May 10, 2021 Share Posted May 10, 2021 5 minutes ago, JASCoder said: Bid stacks across a whole bevy of tokens were wiped out by some deep pocket market takers. I only follow a handful of tokens. None of them sold off like that. Can you tell me what other tokens sold off like that? I was just thinking somebody made a HUGE boo boo entering a position and accidentlly sold their whole stack. If that's the case, I am LMAO. Link to comment Share on other sites More sharing options...
Neurotoxin Posted May 10, 2021 Share Posted May 10, 2021 (edited) 3 minutes ago, OldManWinter said: Can you tell me what other tokens sold off like that? I can't because I'm really just not glued to the price charts, much less on other tokens I don't own. Maybe someone else here like @Baka can tell you. It might have been just XRP, though, congrats to whoever scooped up all those tokens so cheap. Edited May 10, 2021 by Neurotoxin Link to comment Share on other sites More sharing options...
JASCoder Posted May 10, 2021 Share Posted May 10, 2021 (edited) 35 minutes ago, OldManWinter said: I only follow a handful of tokens. None of them sold off like that. Can you tell me what other tokens sold off like that? I was just thinking somebody made a HUGE boo boo entering a position and accidentlly sold their whole stack. If that's the case, I am LMAO. Just pull these pages up, set the time to 5m (upper left, just below the "BNB/USD" drop-down symbol pair selection menu) :https://www.binance.us/en/trade/pro/BNB_USD https://www.binance.us/en/trade/pro/ETH_USDhttps://www.binance.us/en/trade/pro/BTC_USD This event was most likely driven by a coordinated group of whales. The markets are so thin and loaded with stop-loss triggers, that they can game this, and push out the weak positions, and buy up at the bottom. Rinse, repeat on another day. Edited May 10, 2021 by JASCoder Seoulite, OldManWinter, eksarpi and 2 others 4 1 Link to comment Share on other sites More sharing options...
Neurotoxin Posted May 10, 2021 Share Posted May 10, 2021 13 minutes ago, JASCoder said: This event was most likely driven by a coordinated group of whales. The markets are so thin and loaded with stop-loss triggers, that they can game this, and push out the weak positions, and buy up at the bottom. Rinse, repeat on another day. Bingo Link to comment Share on other sites More sharing options...
NMNR Posted May 10, 2021 Share Posted May 10, 2021 Sold off all my HBAR to XRP. Now for XRP to moon so I can regain my HBAR three times over. Link to comment Share on other sites More sharing options...
Molten Posted May 10, 2021 Share Posted May 10, 2021 35 minutes ago, NMNR said: Sold off all my HBAR to XRP. Now for XRP to moon so I can regain my HBAR three times over. HBAR has been pretty anemic recently so I understand the move. It is right up against support, however, so I am looking (hoping) for a rebound here. Link to comment Share on other sites More sharing options...
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