BTC all time high of $6400 & please explain WTF is going on here? by samstonehill

trading · @samstonehill · Oct 31 '17 (edited)

$7.50

BTC all time high of $6400 & please explain WTF is going on here?

![Screen Shot 2017-10-31 at 23.13.45.png](https://steemitimages.com/DQmR7tegypwbxMFDPmHSbZkrrsdPf9YH3xPpYQqKgiJdLpr/Screen%20Shot%202017-10-31%20at%2023.13.45.png)

Have you ever seen a perfect straight line of flat candles before?  How exactly does this happen?  From the traders amongst you I would love to get the answer to this question.  

This means there was no trading in this period.  

And today I watched BTC & BCC do exactly the same thing at the same time.

See below.

Bitcoin Cash/Bitcoin
![Screen Shot 2017-10-31 at 22.38.52.png](https://steemitimages.com/DQmRRf9Wj7xiCxi1XxZurb8FMZRWJL9XFCoJEuMsnVf5qec/Screen%20Shot%202017-10-31%20at%2022.38.52.png)

Bitcoin/USD
![Screen Shot 2017-10-31 at 22.40.51.png](https://steemitimages.com/DQmdP4sdJpvkz1kgF2XJtdkDw8ajym8Ki7NPRqVTGAeEa5z/Screen%20Shot%202017-10-31%20at%2022.40.51.png)

It started just before 2pm Bali time and finished at exactly 2.30.  Feels like bots to me.  Doing something very strange.

Looking forward to getting some answers!

![Matrix Steem.gif](https://steemitimages.com/DQmX3JuFJhrmW5D7W737HQLt5uCK4wht5V2PMGE3eaCB7fb/Matrix%20Steem.gif)

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@zahidsun · Oct 31 '17

nice

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@samstonehill · Nov 1 '17

Errr.... yes.  See top comment for the answer!

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@steembusiness · Oct 31 '17

I saw the new values but that flat line really looks a bit strange...

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@samstonehill · Nov 1 '17

Thankfully @teamsteem has provided the answer for us at the top of these comments :)

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@littlenewthings · Oct 31 '17

No one traded during that time that causes a flat line?
(maybe connection error, etc?)

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@samstonehill · Nov 1 '17 (edited)

Thankfully I received my answer from @teamsteem :)

You can see it at the top of these comments.

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@littlenewthings · Nov 1 '17

Well, I was right then. Connection error. lol

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@whatsup · Oct 31 '17

Several things...  Some of it might be... Hardfork, China News, and this...
https://www.bloomberg.com/news/articles/2017-10-31/bitcoin-futures-could-open-to-floodgates-of-institutional-money?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

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@samstonehill · Nov 1 '17

$0.22

Thanks for your links.  It turns out there is a simple explanation.  See top comment for the answer!

👍 pharesim, whatsup

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@abc123456 · Oct 31 '17

flatline probably caused by connection error or their server was down

👍 abc123456

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@samstonehill · Nov 1 '17

See top comment for the answer!

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@mg882 · Oct 31 '17

This post is very helpful post I like this post thanks for sharing.... Mm

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@samstonehill · Nov 1 '17

Thanks for the comment.  The answer to my question is at the top of these comments :)

👍 mg882

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@kalemandra · Oct 31 '17

This looks strange, but maybe a bug in the system :)

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@samstonehill · Nov 1 '17

A glitch in the matrix!  In fact @teamsteem provided the rather less conspiratorial answer: Bitfinex was down for around 30 minutes.  Glad I asked ;)

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@kalemandra · Nov 1 '17

That's why we don't need to worry :)))

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@precise · Oct 31 '17

it's [Bitcoin's Birthday!!!](https://steemit.com/bitcoin/@precise/happy-birthday-bitcoin-31-october-2017)

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@samstonehill · Nov 1 '17

haha!  See top comment for the actual answer ;)

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@teamsteem · Oct 31 '17

$0.04

Bitfinex was down for around 30 minutes. If you look at other exchanges you won't see this flat line.

👍 samstonehill

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@samstonehill · Nov 1 '17

Ah! Thanks.  I knew there was a sensible answer :)

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@patasieduagh · Oct 31 '17

Great post

👍 patasieduagh

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@samstonehill · Nov 1 '17

$0.03

Errr.... not really.  I very fast one actually!  But thanks anyway.

👍 lyndsaybowes

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@sebcamtv · Oct 31 '17

![Screen shot 2017-10-31 at 18.42.06.png](https://steemitimages.com/DQmPNNZvJCf28kD5gmLGXFiUaApA2B3pvPpNbq9z7v6WP61/Screen%20shot%202017-10-31%20at%2018.42.06.png)

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@samstonehill · Nov 1 '17

haha!  That's what it felt like.  The heart of the machine stopped beating for half an hour.  Thankfully @teamsteem provided the answer at the top of this list of comments :)

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@imon · Oct 31 '17

Awesome ....
Thanks for sharing and i will follow you and you also follow me and upvote my post

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@samstonehill · Nov 1 '17

Thanks!

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@imon · Nov 1 '17

its my pleasure my dear friend @samstonehill

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@ew-and-patterns · Oct 31 '17

$1.48

This is a normal datafeed error, caused when your connection is down, or their connection is down. Someone wrote there was a downtime @ Bitfinex

Whenever there is trading a perfect straight line is impossible.

👍 ew-and-patterns, samstonehill

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@samstonehill · Nov 1 '17

Thanks!  You and @teamsteem were the only ones to provide the actual answer.  Much appreciated.

I can put all the conspiracy theories to bed now!

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@mannyfig1956 · Oct 31 '17

Very interesting thank you for sharing appreciate it keep up the good work @mannyfig1956

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@samstonehill · Nov 1 '17

Thanks for following!  Always appreciated.

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`permlink`	re-mannyfig1956-re-samstonehill-btc-all-time-high-of-usd6400-and-please-explain-wtf-is-going-on-here-20171101t013834691z
`category`	trading
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`created`	2017-11-01 01:38:33
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@mannyfig1956 · Nov 2 '17

Your welcome

properties (22)

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`category`	trading
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@hustletoparadise · Nov 3 '17

$0.20

Already broke out above 7k! So crazy!

👍 hustletoparadise

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
hustletoparadise	0 B		98,376,427,703	100%