Conversation

El Plan ₿

@100millionBTC

Jul 29, 2019

Spoof? It kepps popping in and out for hours now.

@Joe_Saz

@TXWestCapital

1:41

110 views

Replying to

and

Most often, out-sized orders on either side that appear and reappear like that are bots at support/resistance levels.

Replying to

and

ya could be... but someone trusting a bot after all the hacks in the space with millions or tens of millions of dollars is a little reckless. i tend to lean toward handmade orders in those cases but i agree algo is huge

Replying to

and

When I say bot, I mean algo from a larger, professional market participant.

Replying to

and

A bot for sure. Too fast and for too long. It keeps bidding in blocks of 50 btc, sells 1 to 20 and disappears until 3 seconds later. It would look like distributing but why not selling the whole 50 and keep populating the book instead?