No this would not be illegal under spoofing laws as you haven't posted a bid or ask. What you described would work if the goal was to obtain more bitcoin. If y

No this would not be illegal under spoofing laws as you haven't posted a bid or ask. What you described would work if the goal was to obtain more bitcoin. If you want more dollars this strategy carries to much risk and this is distinctly a long bitcoin strategy. Now add some hedging in the futures market and now we’re talking