Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Stop spreading FUD.
There was no hack or some other strange thing, it was just a huge market maker bot burning some money to clear and reshape his range of the orderbook:
This caused a spike in traffic and maybe killed the http API.
The websocket API was working all the time (60s lag though).
Very interesting.
So, these days a 800btc trade kills the mtgox api, but back in april/may on those days with the 200,000btc volume - well then it was just fine?There was no hack or some other strange thing, it was just a huge market maker bot burning some money to clear and reshape his range of the orderbook:
This caused a spike in traffic and maybe killed the http API.
The websocket API was working all the time (60s lag though).
Very interesting.
Please understand that the market pscyhology is changing fast - much faster than the TA will tell you alone. In fact I think being a TA expert right now is a positive hindrance because you've got all the more triangles and new moons to get out of your vision before you can see clearly.
If you realise this now TERA then you still have the chance to ride happy with your average Joe here.