Proof cryptocurrencys are being traded by robots!!! Look at these charts this is not organic trading!!!
For weeks I have been saying that the crypto charts are showing signs that they are being traded by algorithms.
These are the most recent charts from Coin base. All you have to do is look at these charts and it is obviously clear that these patterns
are not from organic trading.
Notice how both of these charts are almost identical. The top chart is Bitcoin. The chart beneath it is Ethereum. And if you still not convinced here is Litecoins chart takin at the exact same time as the top two.
This is not organic trading. All three coins should not be moving in the same direction at the same time. A couple weeks ago I did a video breaking this down on the rest of the alt coins, and you can watch it here.
My view has stayed the same. I believe the central banks are doing their best to shake us out of the alternative currencies and get us back into the dollar. They are loosing control and they are desperately doing everything in their power to manipulate and scare you out of this market. We can not panic sell when these coins dip. Eventually they will return to all time highs and we will again see profit.
These same bankers have been manipulating the gold and silver markets for years. Deutsche Bank has just plead guilty to silver manipulation through paper derivatives, paid a fine, and continued their manipulation. We must have strong hands, and hold our position. We only lose when we sell for a lost. Hang on guys, they cant keep this up forever.
If a system can be gamed always assume it already is.
Is there any other way to get evidence of bot activity?
Great post btw man keep it up.
I have studied the charts and I know what organic trading and algorithmic trading looks like. You can also find it in buy and sell orders. Bot trading works best right after a massive move up, then the bots buy and sell at certain points to maximize profit as the coin slowly comes back down. if you know what your lookin for you cant miss it.
Thank you. I have seen the craziest stuff on Yobit but have seen a lot of stuff on Poloniex and Bittrex too.
look at my last post I found one of the robots
I'm not sure looking at a 1h charts is evidence of bots, as these coins are linked together based on economics. It makes sense they would rise and fall at the same time. You'd be better in watching the order book and notice identical buy/sell orders repeating across... to the same "odd number" buy or sell occurring multiple times.
Its not just showing in 1 hour charts. All the coins have been going down together. And there is absolutely evidence in the buy and sell orders. Iv done a video on it a couple weeks ago. btw I'm not the only one whos noticed it.