Evidence of Price Manipulation In BTC/USD
This is what happen to me recently.
So on the day, which everyone should notice, there is a sudden outbreak on the chart as shown which later straight after the 2 min 200 odd points rise, there is no more bullish movement.
A few days later, the same thing happen. But this time round, the exchange that I am on temporary halts all trading. The reason when I ask the support was to protect everyone interests.
I did not made an official complain to the exchange. But obviously someone else or a lot of other people did. So seasoned traders must have found something suspicious with that outbreaks and they made official complains to the exchange which then implement measures.
Unless a regulatory framework is in place, bitcoin is still very prone to price manipulations by whales whose actions do not really justify much technical analysis as they seems to be running on very deep pockets of billions of dollars.
Their real motivations are unknown. But I would like to ask everyone to exercise caution when trading bitcoin.
So on the day, which everyone should notice, there is a sudden outbreak on the chart as shown which later straight after the 2 min 200 odd points rise, there is no more bullish movement.
A few days later, the same thing happen. But this time round, the exchange that I am on temporary halts all trading. The reason when I ask the support was to protect everyone interests.
I did not made an official complain to the exchange. But obviously someone else or a lot of other people did. So seasoned traders must have found something suspicious with that outbreaks and they made official complains to the exchange which then implement measures.
Unless a regulatory framework is in place, bitcoin is still very prone to price manipulations by whales whose actions do not really justify much technical analysis as they seems to be running on very deep pockets of billions of dollars.
Their real motivations are unknown. But I would like to ask everyone to exercise caution when trading bitcoin.
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