Post by
arh0070 on Sep 07, 2021 8:13pm
Flash crash
Absolutely horrendous flash crash in the Crypto markets today with BTC down 10K at one point .Huge margin calls will have happened.Many alt coins down 20% plus.There have been three market leaders Solana,Luna and Cardano.All down today ,Solana had reached the the full 4.28 Fibonacci extension so that may be the peak for Solana.
The only positive news is that there was massive buying of Cardano,Ethe and XRP after the crash.
This is all extremely negative for BNXA no matter what the price action was today.Some big blocks were sold into this announcement(big boys selling)
VYGR down today .
It will take a few days to see if this is the beginnings of a major bear market (which will crush BNXA)or most of the alt coins will recover and go on to new highs.
It is quite obvious that the Crypto bull market is reaching towards its end (no matter how much money is being printed).
Very dangerous time to buy BNXA.
Comment by
FederalReserve on Sep 07, 2021 10:26pm
You might be right *arh0070* but tell me, what the heck are crypto coins based from? What caused lightening fast loses for 1min today? Why the rapid recovery? It's not like there's news , earnings, dividends, buyouts, mergers, buybacks, aquistions, selling a division, etc... Why does it get so hot & cold ? Any why would you say cryptos are at the top of this bull run?
Comment by
sirmevl on Sep 08, 2021 7:26am
Explanation i read is El Salvador now that it are btc there primary currency when they went to go role out their wallet it failed . And at the exact same moment there was a flash crash. Not sure how or why that effected it but that's what I read.