China's trading pattern confirmed: 21h sleep, 3h action

[panju1]

What is your problem with bots pushing the price exactly?

The crash which occurs once the effect of these bots wears off... 
Otherwise, I will be happy if they push up the price.

[1715169463]

1715169463

[RyNinDaCleM]

What is your problem with bots pushing the price exactly?

Not the bots pushing price.. Bots using essentially fake volume to paint a picture of demand that isn't there.

[acquafredda]

What is your problem with bots pushing the price exactly?

Not the bots pushing price.. Bots using essentially fake volume to paint a picture of demand that isn't there.

That's it: understood?
I don't mind an high price: I want it to be well sustained and not able to collapse in while because of a bot.

[Amph]

What is your problem with bots pushing the price exactly?

The crash which occurs once the effect of these bots wears off...  
Otherwise, I will be happy if they push up the price.

well this is how it work always, but as long as the new bottom will be higher than what it is now i'm fine with it

it's only about making progress, stable progress

[Karartma1]

Amph how can there be a stable progress with all this price manipulation? I think your deterministic belief in progress is a bit flawed. There can be no such thing as stable progress if BTC will be ruled by bots: you could argue that Wall Street is the same, and I'd would reply that I supposed at least BTC could be different.

[Wexlike]

Thanks Ryn, great input!

In 2-3 hours the next action should occur.

Confirmed

[hdbuck]

[peonminer]

Will be following your updates. Thank you for the analysis.

[rebuilder]

How do those hourly volume bars break down on a more granular level? I ask because I'm wondering: If it's a bot that doesn't seem to be masking its activities, why does the interval vary? Is it possible the bot is on a fixed interval and the rest of the volume spike is something else?

If the bot were on a fixed interval, it can't be shorter than 23 hours, looking at the chart. Since these are hourly bars, that would mean it could just be a single buy or sell at a fixed time. I admit, this is kind of the opposite of Occam's Razor, probably the bot just has more complex parameters than a simple timer.

[Cablez]

I have noticed this behavior on OKCoin for a week or so now as well, and I am not even a trader.  Watching this thread to see if the fine investigative minds here can piece this puzzle together.

[RyNinDaCleM]

How do those hourly volume bars break down on a more granular level? I ask because I'm wondering: If it's a bot that doesn't seem to be masking its activities, why does the interval vary? Is it possible the bot is on a fixed interval and the rest of the volume spike is something else?

If the bot were on a fixed interval, it can't be shorter than 23 hours, looking at the chart. Since these are hourly bars, that would mean it could just be a single buy or sell at a fixed time. I admit, this is kind of the opposite of Occam's Razor, probably the bot just has more complex parameters than a simple timer.

There is some slight variance. This is a 10 minute chart and the green lines on the red indicator represent (Number of Bars) NB 141. This is covering the last 10 days or so. The vertical green lines are just some points of interest where large spikes occur but very little if any, movement in price occurs.

[Wexlike]

This kind of fake volume is almost too obvious - in the end these guys are moving millions between each other, and this just looks too amateurish the way they are doing it. It looks as if they don't want to even hide it.

[panju1]

This kind of fake volume is almost too obvious - in the end these guys are moving millions between each other, and this just looks too amateurish the way they are doing it. It looks as if they don't want to even hide it.

When there are no transaction fees, people stop according any significance to volumes traded.   

[Karartma1]

This kind of fake volume is almost too obvious - in the end these guys are moving millions between each other, and this just looks too amateurish the way they are doing it. It looks as if they don't want to even hide it.

My hypothesis: if it is too obviuos we should ask ourselves who is doing profit out of it and I think these are bot exchanges. Because if it was my bot with no trading fees I would probably have problems and this does not seem the case while an exchange take all the advantages of this trading pattern.
Imagine a casino: when they find patterns/strategies in players who are winning too much they stop them.
This is the way I see it.

Mt.Gox version 2

[hunnaryb]

Huge volume and barely any price movement. Just wash trades. But you know what they say, volume is the precursor to price.

[macsga]

Running multi-bots within an exchange that uses 0-fees? Please tell me a good reason why should someone NOT do it? Since the exchange has no legal obligation (regulation-wise) to post every transaction on the ledger it's perfectly fine by me. Besides, let's face it; it was ALWAYS China behind BTC (or at least some people want it to look this way).

As per the real volume, I agree, it's not represented right on OKcoin & Huobi; but, IMHO, there's actually enough to justify the rally

Chill and relax. Bubble 4 is en route.

CCMF it is.

[klee]

That's why you should never use volume (especially in BTC 0 fees exchanges) as an indicator. Price itself is the ultimate indicator.

Also, it is not only that volume brings price action - the opposite happens often.

Proof is the period of stealth price increase posted upthread.

[peonminer]

They want you to think it's done. Just as soon as you sell everything we are headed to Mars.

[ParmaBTC]

they Read this thread and put bots off-line
very simple

[acquafredda]

they Read this thread and put bots off-line
very simple

They can always find another way to do this, if they were doing it there was a reason. We will have a closer look at the price/volume patterns and see if this happens again.