Hello everyone,
I have been watching the price action of BTC in the last days and cannot but conclude that the price is being heavily manipulated on Gdax, thought I suspect the effort to keep the price at certain levels is not limited to Gdax only but is coordinated across various exchanges, altcoin market included.
I don´t have to even mention the impact BTC price has on alts and thus is very convinient to mess with BTC price to drive the alts prices even more down...
But lets get to the point and see the screenshot of the moment just before the price went straight back up from below 7900 to over 8200 in few minutes on 26 of March around 2200 UTC.
I apologize, I am not familiar with bitcointalk environment, so I just leave the link to that image:
http://www.carrretero.org/BTC/BTCUSD_sell_wall5.PNGHuge sell wall and virtually no buying pressure just seconds before the price shooted 300+USD up...
This is just one example, similar artificial sell and buy walls (mostly amounts 35/36.0, 70.0 and 140.0 BTC) keep popping up for few days now, marking ceilings and bottoms in certain moments and not letting the price uptrend or downtrend to continue...
But I don't want to extend myself here or offer any interpretations.
I just thought it might be interesting to share this and leave the interpretations to everybody's own judgement.
Thanks for reading...
