Meet Spoofy... on GDAX!

Описание: Spoofy, a name termed by Bitfinexed on Medium (https://hackernoon.com/meet-spoofy-ho..., is someone who places in orders they don't intend to fill in order to send signals to market. I have been spotting activity similar to that on GDAX for Bitcoin, Ethereum, and Litecoin over the past few days more than usual, but have not been able to capture it on camera. This time I was able to.

There is another way you can interpret this from what I said in the video. He could have also been attempting to send signals of huge volume to upside (especially given price action at this time), meaning his genuine sell order had higher probability of filling. Or it could have been an attempt to get rid of a huge sell wall if it isn't his sell order. This may be more likely to be true given the fact that the market was in an uptrend so artificial volume would encourage investors to put in more bids. All of this is market manipulation though, even if the direction is up for discussion.

Also I want to be clear that I do not feel Spoofy is one entity nor a concerted effort, but rather it is market manipulation by numerous participants. They don't always work together, but I am certain they are aware of one another.

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