Pumpndump
low float Chinese stock pump and dumpThere is no specific news or SEC reports from the company today so it appears that there has been buzz on social media around the buying of shares in China-based education companies that have a low float today. Wah Fu Education Group has a 1.18 million share float, which is ideal for day traders. When shares have a lower float, day traders can drive drastic changes to the stock price.
Why $XTNT stock skyrocketed on friday?Xtant Medical Comments on Trading Activity of its Stock
$XTNT announced on friday that it is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares.
Reason of the increase on friday is likely traders in private chats pumping up shares of the stock. Social media talk seems to suggest as much. This has been a growing trend in recent months with twitter, stocktwits dedicated to pumping and dumping stocks.
it’s hard to pin down where exactly the push into CLEU stock came from. However, once news of the pump spreads to larger social media it typically creates interest in stocks as other investors jump on the bandwagon looking for profits.
Bitcoin Stopped Correlating to 2015-2016 Bear / Bull market It was a very close correlation for all of 2018 and into early 2019 between 2015 and 2018 bear market. But now that correlation has ended. As you can see we should have double bottomed on the 200 weekly moving average if we were still following the 2015 pattern, then have a 2nd golden cross and pumped 200% +. We skipped over that and have already pumped 200%. Thanks to tether printers. coinmarketcap.com
We should also therefore stop expecting a massive sell off in the markets, tether is a major bitcoin support. Lowest price will probably not even touch 6xxx anymore. Even though this tether printing has the exact pattern of the bitcoin price explosion. FOMO Joe was able to return to the whales 1 dollar for every dollar the tether printer pressed. FOMO Joe already pumped bitcoin higher than the parabola did in 2015. Tether only had to print 100% more for a 200% bitcoin ROI . Our major support is going to be that red and green trendline .
If we had correlated continuously we should see 250 - 350k by the end of this bull market. But now I suppose that target will be even higher.
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.
VET: VTHO airdropTonight (2018-08-01) at 00:00 UTC Binance will make a snapshot of their VET holders and airdrop them VTHO in the upcoming week. This might lead to a pump and dump scenario for VeChain Thor. I expect a run up leading to the snapshot and a dump right after. I'm holding VET long term, but might sell a portion right at the peak and buy back at the fckin dip. Article on Binance related to the airdrop: support.binance.com
ETF effect on BTC If ETF is not gonna be approved and everything doesnt go as planned we could test 4k support which is a solid one.
I think that ETF is gonna be delayed or cancelled, people will start dumping and test new depths, this would be a really good purchase at around 4k, but if it doesnt hold we will have 3.5k so keep that in mind.
DISCLAIMER: I'm doing this just for fun, I'm not an expert I'm just a guy that likes Crypto and TA, before you trade do your own research or trust me, but at your own risk. I'm not financial advisor.
$ONE Pump$Dump $ONE is checking out to be another Pumped stock. normal volume of 650k over a avg of 530k........really lol? its a fairly new stock and the EMA is gonna show a Dump vary soon. Best be in that for a good profit! If a green candle shows below the previous ill be watching it closely because its a sign of resistance great sign!
ARNBTC - looks like sh!tLooks more like a bearish retracement and about to fall over. I could be wrong.
I road this pump and dump up and after reading a ton of FUD online and just the whitepaper in general - I'm like wtf? - Ain't no time for drama even if its fake news.
Either way, both chart and research say this is dog sh!t. Then again, I thought snapchat was dog sh!t and it still managed to IPO somehow.