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Pumpanddump

GBPJPY - A Potential Pump & Dump situation In Play ? Good to be back, had a slight break from the charts & articles this weekend but we coming in full force this week! Beginning with news this week, we can expect a lot of volatility to be seen for the Pound as we continue with BREXIT votes , as well as we will be seeing data releases for the Average Earning Index first quarter, retail sales, CPI data and the official bank rate. This will only be released once the MCP Official Bank Rates votes are completed. We also see the Monetary Policy summary this week. So volatility is expected for GBP - not surprising with speculation in the air that the Brexit vote this week may not be held unless "it has prospect of success" as Theresa May struggles with the DUP & ERG. Back to Technicals, starting on the monthly, I spotted an exciting potential head & shoulder pattern forming with the right shoulder currently being formed. Amidst the Brexit uncertainty, the GBP has gained bullish momentum seen since the flash crash which strengthened the Yen. I believe that after this impulsive movement seen in January, we are in a corrective channel as we can soon expect another impulsive movement. We fell just short of the 71% Fibonacci level which lies 15 pips shy of the monthly key. Dropping down to the daily timeframe, we saw a nice retracement off the 61.8% Fibonacci level for a buy entry, however I don't see these upward targets of 150.600-153.250 being met as we are seeing resistance currently and selling pressure. I do however see another push higher to test 149.000-150.000 price regions .This will see large downside potential meeting the monthly key. I'll be watching for candle stick reversal patterns and a break of the ascending channel on lower timeframes, and weary of price surges higher looking for stop hunts with volatile news surrounding whether or not we will see a no deal . We have seen higher highs and higher lows being made on the daily timeframe with a recent discrete higher high made, just 30 pips above the prior higher high. Price looks exhausted and I believe we are reaching Bears territory with the 149.250 - 149.750 price region being a strong resistance during last year and even further. Coming into 2019 reaching these highs, I believe we can see a a massive reversal with fundamental news also playing a large role. This may be a major pump & dump scenario forming. Let me know what you think ! Instagram : keownarcher - if you need any questions answered head over here.
Short
by KeownArcher
Flash Crash before Pump and DumpI think YOYOBTC was a candidate for a pump and dump. In the two months prior, YOYO had been pumped almost exactly 50% on two separate occasions before losing its new value. On Monday this week YOYO climbed and fell 20% during US business hours which I think this was accumulation. Thursday came around and at 4pm EST the pumpers were ready to send the market into a frenzy. But the market tanked 90% instead, recovering instantly. I think the pumpers pressed the wrong key and market sold instead of market buying lol. From what I can tell they sold the entire Binance order book out. The next day, the machinery of the pump was too late to stop, and the pump ran 20% in 3 hours. But having no coins and no incentive to continue driving the price higher, it fizzled again. I don't know if this is true or not, but man I hope some idiot scammer got rekt.
YEducation
by caglebagle
BCDBTC Volume Analysis Prediction 03/15/2019Our main balance goes up. But after a sharp rise, the price quickly returned to the upper balance level 0207. We got something like pump and a dump. And now many people asking - and what's next? Technically chart looks bullish - breakout and retest the balance 0187-0207. But current price momentum is bear. I do not recommend to open buy positions while the price is under 0226. Or you can wait for the price reduction to the bottom of the mini balance (0209) and see the price reaction on this level. If there will be a bull reaction or a false breakdown (better to see the both), you can buy too. If we do not see the reaction, you should not rush to buy. Wait for the initiative from buyers. Buy: area 207-209 or 0196-0200 (with confirmation) Take Profit1: 0226 Take Profit2: 0241 Take Profit3: 0292 Buy: 0226 (after true breakout) Take Profit1: 0241 Take Profit2: 0251 Take Profit3: 0292 Stop Loss 1-2% Priority: Balance Momentum: Bear
B
by mooncatcherpro
Despite Fundamentals, RLC remains A Low Volume P&DI once held a position on this coin, but sold eventually at a loss because I saw that people were very quick to dump this coin. Unfortunately, even though the fundamentals may be strong, price action tells me that investors don't see any value in holding this token for some reason. This can also be reflected in their online community, which remains quiet. Investors do look at online communities to gauge confidence, whether you like it or not. This is sad to me because this coin has a great partnership and is indeed being used. Unfortunately, iExec has become a pump and dump coin and is in danger of dying out. What proves this is the HUGE sell volume on the recent pump that took it almost to the 1000 mark. Many people had sell orders up there, who have been eager to dump this coin for months. Unsurprisingly, it crashed down to support immediately after the pump. Until RLCBTC can sustain a price bump and establish a new support (ideally above 1000), I won't personally be comfortable buying into this coin. I also wanted to point out something interesting that I've noticed. Going back to the Spring and Summer of 2018, RLCBTC has alternated pump and dumps with ENGBTC. More recently, they seem to pump and dump on alternating days. Just a pattern I've noticed. Perhaps the whales enjoy these coins because they are low cap with a somewhat low supply. They also generally trade at low volume, so they're easy to manipulate. This is not investment advice, and I'm not a professional financial advisor. This is just an observation I made, and it is purely my opinion. However, I marked this as "education" because I think it's important for people to note WHY I sold a while back, as understanding price behavior is important when looking at long term investing. So far, I've been right in removing it from my portfolio, because it has since failed to sustain any sort of rally. Of course, that can change : ) This is crypto after all! -Victor Cobra
by VictorCobra
8
Scam Alert, ETP why i am Convinced this pump was fake as Sh.tThe pump ETP made since Juli 2018, has been an extreme fake pump. I remember asking my members back than, if something special was going on fundamentally, nobody had an answer on that question. So it was quite obvious it was a fake pump even at the start. Now during the rally the first few people started to short it around $2/2.5 and some tried it several times even. I gave warning NOT to do it, because i had burned my own fingers a year ago, not understanding how such big rallies could happen without a decent correction. Very quickly it became clear NOT to fight these manipulated moves. The low volume and the low liquidity in the order books, makes it extremely easy for big traders (so not even whales) to play tricks. This coin was one of the first one i traded when i started trading crypto. As my early followers know, within a week of watching these orders books of crypto i could notice how extreme the manipulation was. It was really sad to watch even. For example buying at 3.21 and having a sell at 3.8498. Waking up the next day seeing it's at 3.6 again and the high was at 3.8495. That has happened so many times, not just with me, a lot of people. Do not even get me started about the stop hunting. Anyway, this is only for the ones who want to learn something and like to be challenged. First i want everyone to give it a try to WHAT these manipulators did here and WHY. If you can understand this, you will understand much better how each market works. If you trade Bitcoin, alt or stock market or even Oil. So give your thoughts and views in the comment section. Eventually i will give my view. This is not to spoon feed you, really give it a try. Even if you completely wrong, doesn't matter because that's the only way you will learn. Just like learning a foreign language, first year you sound like an idiot :) few years later your accent will be charming :) Please don't forget to like if you appreciate this :)
BITFINEX:BTCUSD
by botje11
36
Verge is dead. ShorttermStart thinking, that $XVG is dead, though many people believe in this project, but here are the facts: 1) JustinVendetta dissapeared right after 2 pumps and since then he didnt say a word on public 2) No real catalysts coming with no dates. They have stopped publishing dates of roadmap, as i think because they do really nothing. Merchandise store is 90% done for almost a year, code update is 90% half a year, mining, etc...nothing is done so far. 3) Community is ruled by toxic moderators. Gor banned for just asking questions and arguing in Telegram and Discord I think $BTC will drop too, that will lead to a mass alts selloff, with everything said above, i think Verge gonna drop really hard, and the only what can save it later is another P&D scheme, that Verge was doing before. That kind of things can ruin the brand and can destroy the project.
XShort
by HydroPanic
3