It is seen (in the chart above) that the market is moving up again. But do not rush to buy during the reversal and wait until the ticker breaks the last local high. , confident that the price will definitely rise, happily buy during the bounce towards the nearest support level (marked with a red star). These operators will be followed by the others, waiting for another increase. At this stage, the drivers themselves come to the market. Market makers dump their shares at the highest prices in the falling market, hitting the jackpot, triggering stop-losses from all traders and loading margin calls.
Game on correlation , a rather complicated and resource-consuming manipulation. However, it will cover all the effort with huge benefits in the end. The tactic is based on the principle that in the market there is a strong correlation between most currencies and the Belize Mobile Number List main one, Bitcoin. Manipulators, knowing about this relationship, can use the market situation to their advantage. LiteFinance: Whale game or manipulation in the cryptocurrency market (part 2) | Litefinance In the chart above, we see that BTCUSD is moving in the upper half of the chart (blue line). BCHUSD price is moving at the bottom of the chart (red line).
These two instruments usually move close to each other. However, in the chart above, we see that Bitcoin is going down and Bitcoin Cash is going its own way. That was only one day, enough for BTC to be held by the manipulators, since on the 20th, we see how the cheerful traders gladly fled from the fall of bitcoin, so that the growth of BCH in the end reached an inconceivable 4000 USD. There, it is the right time to end. The manipulators, having reached their target, start selling their BTC at the highest level, causing the market to fall. These are not all types of cryptocurrency market manipulation.