This is SPECIFICALLY what I mean, when I say, you cannot predict

BTCE:BTCUSD   Bitcoin / Dollar
This is SPECIFICALLY what I mean, when I say, you cannot predict bot action.

How much did you lose on this? Or were you prepared for the take?

There are SOOOOOO many bots out there.

AND, soooo many more idiots that don't know how to use them.

Please don't go long on a fully manipulated market.

Granted, all markets, forex , stock , commodities , ALL of them, have bots... but they have volume too, to protect against aggressive bots. OBVIOUSLY, Bitcoin , and cryptocurrency/ALTcoins do NOT.
2 years ago
If you are interested, PM me and I can tell you how to look at charts and spot "hidden" bot action.
2 years ago
The market didn't crash because of this bot.

It was crashing and then the bot started to run crazy.
ChartArt ChartArt
2 years ago
There was simply a lack of buyers and when China woke up they decided to sell. End of story. I had seen this crash coming several hours in advance, sadly I didn't publish a chart predicting it to create a proof.
MarvinMartian ChartArt
2 years ago
Well, you are contradicting yourself a bit. The 'bot started to run crazy', WAS the crash.

The crash, was wholly the bot. Someone sold off, enough to trigger a badly programmed bot and that was the result. You can see the gap in the volume. It was a big sell off. Then the bot got hold of it. Probably triggered more bots and everyone with cold feet, fed into the downtrend.

Same principle> Pilot Induced Oscillation during Flight Test
IvanLabrie MarvinMartian
2 years ago
To this, I agree, a market with think volume is a no go for analysis...On the other hand, if you go for longer term perspective, you can more or less predict prices in BTCUSD.
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