Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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?

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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.

if this is true we are gonna have an extraordinary 4 days of no-fees bot rally, sounds cool Wink