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

[bnjmnkent]

MtGox bot, I command you: drop hard to 1030.5, then go back to 1080+, NOW.

[DaSheep]

MtGox bot, I command you: drop hard to 1030.5, then go back to 1080+, NOW.

ok

[oroboras]

oh, you can copy/paste. I was trying to CRTL V, to paste, but it wasn't letting me. At least I know I can do it the right click method.
Cheers for that. It will speed up my trading.

[Vigil]

MtGox bot, I command you: drop hard to 1030.5, then go back to 1080+, NOW.

Its working on bringing the price back up now. It basically brings the price up, sells off to form a small valley and then a small buy-back and a large sell-off, then repeats all over again. Its been working for the last week. Even with the large run-up to 1200 the bot was working. Once the large buying pressure lets off you can see the pattern clearly.

[Vigil]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.



The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

[DaSheep]

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

[oroboras]

so is that your bot pushing the price up and up and leaving me behind, Vigil?

[amadeo]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

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  

[jojo69]

[kajigger]

Its always exciting. You really don't know if it drops again fast after a fast rise back. Can't wait till the wait for me.jpg

[Vigil]

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?

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

I wish.

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.

[DaSheep]

tradingview

[KieranJones1]

I'm terrified about actually exchanging my BTC for fiat, but I managed to persuade myself to order a pizza using BTC a couple of hours ago. The place was out of Coke so they gave me a 70p refund when the food arrived.

Did I just sell someone 1mBTC?

[barbs]

how am i supposed to sleep when i can just make money???

I just sold again at 1160 and bought in at 1100 i don't understand why there is free money being handed out

[amadeo]

how am i supposed to sleep when i can just make money???

I just sold again at 1160 and bought in at 1100 i don't understand why there is free money being handed out

LOL it is risky but you can always take advantage of this price manipulation.

[kajigger]

Please excuse my Question but what are those:  1e-8
in the mtgox ask/bid sales list.

[bnjmnkent]

how am i supposed to sleep when i can just make money???

I just sold again at 1160 and bought in at 1100 i don't understand why there is free money being handed out

It is obviously not free. You are enslaved and forced not to sleep.

[barbs]

how am i supposed to sleep when i can just make money???

I just sold again at 1160 and bought in at 1100 i don't understand why there is free money being handed out

It is obviously not free. You are enslaved and forced not to sleep.

truth.

I'm getting tired now and will make mistakes, just added another 0.1 BTC to my stash, thats it for tonight.

PLEASE DONT CRASH THE MARKET - if you are gentle with it, it will pay off far longer than a quick buck this weekend. thanks MR whale

Barbs

[bnjmnkent]

Here is a rather sloppy illustration of the algorithm trading pattern, but it gets the point across.

IMG

The circle in the lower left shows to clear consecutive repetitions. After this there is a lot of buying and then the pattern resumes clearly in the upper right circle once the "external" buying/selling volume dies off.

Good work, vigil!

[solex]

Please excuse my Question but what are those:  1e-8
in the mtgox ask/bid sales list.

Satoshi orders. Just ignore them.