Market Manipulation, Repetition of History or Market Dynamics? - Pump /Dump Days

You may not really understand what I mean by schemes relative to this pump and dump in the crypto ecosystem. It's an important subject matter that must be deliberated on by traders. The market experiences pump and dump on occasion and this usually affect traders positively and negatively.

I'm not really going to give details on what this mean as everyone knows when a market is pumping and when it's dumping. This content would be based on market manipulation, analysis using the 12 hour timeframe and how the current market is repeating history.

The manipulation in the market has caused untold damage with people's emotions and has made people quit trading futures especially. The pump and dump scheme is the artificial inflation of the price of a cryptocurrency through buying of the assets with huge capital and then selling off at the inflated price which brings about a crash in the price of that asset.

This is the logic. Little wonder people say that the market is controlled by whales. This pump is usually coordinated as the case may be. Have you wondered why the market repeats itself asides market dominance and economics?

These schemes as they could have it are illegal movements in the crypto space and are categorised as unethical as they exploit unsuspecting investors. Now let's consider some case studies in the market and some repetitive measures.

If you place a trade with high hopes that it would pump, you become shocked if it doesn't. You place positions in the market and the whales take control, making you lose your positions. Some people say the whales have done it again.

This is evident in the movement of the market in correspondence to last bitcoin halving year. This movements has helped me though because of how it follows historical data. Remember I was expecting the price of bitcoin to reach $74 before it drops but the $70 mark didn't hold and dropped to $60500 as did last bull run with a 4 percent decrease.

The market was manipulated alongside market dynamics, some reasons why bitcoin dropped so bad. There was also a bad news in the crypto space leading to the drop. Now let's take a look at what is happening in the market right now. This was expected though wasn't part of the plan though it happened and in correspondence to the bull run year, 2021 [August].

After the pump from $29k to $52k, bitcoin dropped to $39k. This is more like it and is happening just right the same time as reflected last bull. Bitcoin rose from $54k to $70k in August and then dropped to $60500.

We are expecting further drop to $58k as it did same thing last bull run year before it gave the final pump to November ending. This isn't a financial advice I must say as the market can change anytime. Currently the market is still dumping as shown in the candlesticks. Like I said, it's not a trading decision. The market can change and decides to go bullish.

You just have to do your analysis yourself as my analysis have proven that the market is following historical movement of last bull run year this August. Now, why did I bring up the 12 hours timeframe? I've been using the candlestick movement to make trading decisions. There's this trade I do enter and I've observed that my analysis for take profit levels works best at night.

This varies though. If I'm able to get my second take profits using the 5 minutes trading timeframe candlestick, I'll take off and maintain my greed to avoid losses. But if it doesn't hit my take profit level, I'll hold on to the trade till the evening or night hours and set profit for the fourth take profit. Let's take for example the trade I entered today.....

It was a Pepe trade and my entry point was.....

In summary, the dump and pump scheme is actually what's governing the market now but to avoid being overly affected negatively, you need to play smart and trade wisely. You can use historical data to aid your decision too while trying different indicators.

All screenshots are from my binance app.

Disclaimer :Any financial and crypto market information provided in this post was written for informational purposes only and does not constitute 100% investment advice. It's just basic knowledge every crypto trader or investor should have