A dramatic title for sure.. but as anyone who trades knows, there are bots doing a majority of the trades on the various exchanges. These trades happen thousands of times a second.. so it is not often we get a chance to see the strategy of some of these bots..
However, yesterday I manage to capture a screenshot of a bot attempting to pull down the value of Ethereum. Look at the top sell order below. Order placed significantly lower that any other sell order with the minimum amount allowed.
My guess is that they had a number of these sell trigger points in play with a much larger buy order at very close or the same price point.
These trades would happen instantly and the price would bounce back up again quickly..
Be careful out there.. do not panic and realise that in a normal day it is the bots that are playing the market. I myself have played with a bot that allowed me to place up to 300 trades a second!!
