Call me paranoid, but something weird is going on with Stamp.
Trading within a $10 range all day - only broken just now, by a few cents.
But weirder, A LOT of very small trades are happening, just a few hundredths or thousandths of a bitcoin, and a lot of them are the same amount. Take a look at the order book. Very few 'real' trades.
So I'm wondering what that's about. Is someone manipulating the market with a bot that buffers prices? And what happens when someone buys or sells a large amount and pushes it well outside of its range?
Some retard with more cash than sense who has just passed his TA 101 certificate possibly may have noticed that the 4hr MACD, KDJ, and Stochastic RSI, are all pointing towards buy signals (at least in theory).......
..........unfortunately for whoever just bought a bucket load of Bitcoin, they failed to take into account practically everything else (bearish sentiment, long term bear downtrend, complete lack of volume/genuine trades etc). Around 1200 BTC bought at ~ $630. These will turn out to be expensive coins soon enough, providing they aren't just dumped at the next opportunity at $650 or whatever, if BTC even gets that high.
Edit: Just noticed little buy spike on Gox...someone could also have jumped the gun on that as well, if so, speaks testaments to the levels dumb money in this market.
