Arkham, a leading provider of cryptocurrency market data and analysis, has recently clarified the timing of its Bitcoin alert and denied any error in its system. The company also confirmed that the alert was sent following a 6% market dip.
The alert, which was sent to Arkham’s subscribers on May 19th, warned of a significant drop in the price of Bitcoin. The alert stated that the price had fallen by 6% in just a few hours and advised traders to be cautious.
Following the alert, some traders questioned the timing of the message, suggesting that it was sent too late to be of any use. However, Arkham has now clarified that the alert was sent as soon as the market dip was detected by its system.
In a statement, Arkham explained that its system is designed to detect market movements in real-time and send alerts to subscribers as soon as possible. The company also stated that it has a rigorous testing process in place to ensure the accuracy and reliability of its alerts.
“We take the accuracy of our alerts very seriously,” said a spokesperson for Arkham. “Our system is constantly monitoring the market and we have a team of experts who review all alerts before they are sent out. We are confident that our alert was sent at the right time and provided valuable information to our subscribers.”
Despite the clarification from Arkham, some traders remain skeptical about the usefulness of alerts in volatile markets like cryptocurrency. They argue that by the time an alert is received, it may already be too late to take action.
However, others believe that alerts can be a valuable tool for traders, especially when combined with other forms of analysis and research. They argue that alerts can help traders stay informed about market movements and make more informed decisions about when to buy or sell.
Overall, the debate about the usefulness of alerts in cryptocurrency markets is likely to continue. However, with companies like Arkham investing in advanced technology and rigorous testing processes, it is clear that alerts will remain an important part of the cryptocurrency trading landscape for the foreseeable future.
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