Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Vigil
on 29/11/2013, 01:13:37 UTC
Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

check this: https://www.tradingview.com/v/i4E9jlCr/
it chaged since back then though
Interesting. What did you use to illustrate that?

Quote
so is that your bot pushing the price up and up and leaving me behind, Vigil? Sad
I wish.

Quote from: amadeo
Very nice illustration actually. So the point is that somebody is pumping the price and then selling to make profit and repeat?
This price manipulation is not good for bitcoin  Angry
Thanks. Yes, the force sell-outs on that large dip and buy up and sell multiple times then increase the price and repeat. It isn't good, you're right. It means that there is someone or some group who has enough Bitcoins to manipulate one of the largest exchanges.