Like I said...I've been watching for some time, and there are a couple different patterns that I look for!
One when it's up and down only $.08 or so, drawing the sellers down, essentially thinning them out. I stick my buy in front, buy and try to get a sell order in about $.25-.40 up before the spike, and repeat!
Really, it's a lot of watching goxlive! Making good guesses, based on what I perceive. If you note the patterns throughout the day, you'll begin to see how they operate! I think it's a bot personally! When it spikes, it's nearly instantly corrected!
The last 36hrs or so has been a little tricky! It's been too erratic to be a bot!