Luckily, that almost to the end of a series of articles about the manipulation of the market of cryptocurrency, someone played it in such a close to all participants of the project Golos.io currency GBG.
So, GBG is quite a little liquid currency and is traded, as far as I know, only on bittrex.com, which attracted to it a manipulator, probably not very large.
Let’s begin the general analysis with a 30-minute chart. The work of the monster is clearly visible on the sharply increased trade volumes, as well as on characteristic splashes and price drops. This is a general picture of his work:
Let’s move on to a more detailed chart (5-minute):
The strategy of the manipulator was similar to the principle of a swing. The essence of his work was in the gradual collection of coins from the market at low prices, including the collection of a long time bids of lazy speculators and further a sharp drop of all collected coins. And with a growing amplitude.
The periods “1” and “2” in the figure above are the initial period. The price has grown two times, the volume of trading hundreds of times. These facts attracted the attention of home traders, who decided here to earn extra money. At both periods, there is a collection of assets and a sharp dumping.
At the period of “3” was the main game, but the essence is the same, collection and a sharp dump in several batches. Moreover, the crowd, seeing that in the “1” and “2” periods after the dumping there was a new price jump, also expected a repeat takeoff and in the third stage, which forced crowd to place warrants for purchase.
Each stage can be called a “wave.” There are even lovers of technical analysis on the “waves”, but in fact, everything is in the hands of the monster. He can make 3 or 10 waves. At the “4” period, the manipulator left, traders who bought at high prices sold them back at a loss.
This is the same picture, but more on an even more detailed graph (minute):
Period “1” — the beginning, collection and sharp dump.
Periods “2”, “3” and further — collection and sharp dump. In some places, it seems that the dump was not sharp, but gradual, but this is due to the time frame chosen for the chart. In the pictures above everything is clearly visible.
The game was relatively short (only a few hours), whereas in fact in more liquid assets one can safely imagine that the minute chart is an hour chart, day chart, week chart, and if you increase the time frame to a month or year, everything will rise to their places. The same strategy is to collect at low prices and dump at high prices. Just different periods and the amount of money in circulation.
In this case, most likely, the game was short-lived as the monster had a relatively small reserve of funds and was afraid to attract not only the attention of small speculators but also investors who did not often look at the market who could close their positions and simply sell everything at favorable prices.
A huge advantage to the manipulator was that the token is traded on only one exchange, which greatly simplified the manipulation and removed the risks of a sharp influx of speculators with cheap tokens from other exchanges.
You probably think that here you could earn some money? It is possible, but only knowing when the game will begin, will end and at what levels there will be dumps, which only the manipulator knew. Involving in such game is very dangerous, because it’s like an old game, when everyone is running around chairs and trying to sit on them at the signal — someone will definitely not be enough.
GBG is a good coin because the project really works already. If you held it in the portfolio as an investment, you could easily sell it three times more expensive than the initial value. Although, as already mentioned above, the game was too short and I think that few real investors managed to do it manually.
It all depends on your goal. If this is a 3-fold increase, then you could safely bet the take profit at the price you want and wait for such jumps. If you decided that 3 times growth is not enough, just keep the coins.
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