Resteemed
Pump and dump is not the correct answer
The real and correct answer to your question is as per the following. ..
It is a reaction to a market pattern caused by the counter desk of the forex brokers who are now entering the game of bitcoin using MT4 and MT5 platforms but not the regular altcoin exchangers as the first one is using high leverage up to 1000 plus the spread but the second one is only using the spread...

So what happened is that one dirty forex broker at which i do.not know its name fucked his clients by tjis dirty counter desk dealing...

It is called also stoploss hunting... check the long candles shadows the body is tooooooooooooo much smaller than the shadiw.... this is called stoploss hunting by a broker.

Resteemed on behalf of my favourite friend mr.samer@red-rose

Note... this Rc is killing me slowly