What causes these rapid flash crashes in the price charts?

[nxt7]

The attached image shows flash crashes of the Ethereum price in a matter of mere minutes. If this is market manipulation how are some traders able to make profits by decreasing the price at will and raising it without the help of the broker?

?

 

[learner2007]

What causes these rapid flash crashes in the price charts?

Everybody in the building flushed their toilets at the same time!

 

[WeToddDid2]

This is just one platform in the highly fragmented market without a central exchange.

Compare order book above with ES DOM below which I am sure everyone is aware of the flash crash in ES.

 

[WeToddDid2]

What causes these rapid flash crashes in the price charts?

Everybody in the building flushed their toilets at the same time!

Really doesn't require everyone. Just one trader with decent size.

 

[learner2007]

Really doesn't require everyone. Just one trader with decent size.

Yeah, but I wasn't serious. Just wanted to use that expression.

 

[WeToddDid2]

The attached image shows flash crashes of the Ethereum price in a matter of mere minutes. If this is market manipulation how are some traders able to make profits by decreasing the price at will and raising it without the help of the broker?

View attachment 175510 ?

That looks like a coinbase chart. Does coinbase even have an order book or is a trader completely blind?

If no order book, who would trade on that platform?

 

[SoesWasBetter]

charts like that probably bad ticks or you're just trading something worth nothing and its practicing going to zero

 

[Xela]

... and coming up next week: "What causes the 'Lorimer burst' ?"

 

[murray t turtle]

That looks like a coinbase chart. Does coinbase even have an order book or is a trader completely blind?

If no order book, who would trade on that platform?

%%
I never trust a chart with no volume on it;
+ just because some daytraders get by with that, fine, i never trust a chart with no volume on it......

 

[niglakai]

Someone needs to build an enterprise platform. I'd be so down to trade crypto's but nothing is mainstream enough to be decent.