Manipulations in the crypto market

After the LTC halved, we expected a pump in the price of cryptocurrency and the news of the unemployment rate in the USA was another great piece of information that was supposed to confirm our assertion. But I guess the big boys are quite interested in that information and wanted to use it and manipulate the market.

Immediately affair the announcement, everything started going as predicted and we saw a sharp move in the price of BTC, we expected that every other token will follow suit just as they did. Almost every trader was going long at the period which was the right thing to do.

The institutional traders at that moment entered the market and then dragged the price of the asset down immediately. We saw a sharp decline in the price of BTC which also dragged the price of all altcoins down including the LTC which was halved.

The manipulation was to liquidate the small traders and indeed they succeeded in doing that. A few statics shows how they use this method to liquidate traders just with the 5M candlesticks and the 1H candlesticks.

The price of the YGG token became also volatile that it collected almost every trader's money in the market. Instead of the token moving downward like others, it used the 5M candle to liquidate the money of minor traders like you and me.

Every other coin also played a part in this liquidation but that of the YGG token was very obvious writing this publication made about $15 from the coin and later lost it and more when the 5M candle came out and my entire account was blown up.

It is good that you know the big boys that are in charge of the market. The banks and the financial institutions are the people we call the big boys. They control the market and decide the direction at any point in time. When they come in, they will drag the market and have a lot of liquidation in their favour. If you are aware and you trade according to their direction, then you will make lots of money for yourself as well.