@Anon136
That is to me an accurate chart on price manipulation which is definitely worth to be mentioned here on the WO. The Bart Simpson pattern became a thing and, trust me, I would love if it would cease.
So it goes now, there is not much to do but hey, after the third Bart pattern I started to take some profit and bought a bit more on the way down.
If they play, I will do that too.
To what do you attribute it? I mean more specifically than just "manipulation" generally.
Looking at that so-called "Bart Simpson" chart pattern, I don't really see the mystery. That is exactly what a trading market pattern would look like if you have:
a) major sideways wash trading
b) the float on exchanges being really thin
c) only one or a few whale market participants using large margin
d) volume being led by one or only a few exchanges
Which is the environment we are in right now. The whale is ready to rek anyone who takes up a sizable position in either direction. It could be the exchange owners themselves.
Agree! Exchange owners are some of the largest and dirties whales around; they are more like Killer Whales acting solely on profit gouging!
Torque definitely put that better than me but at the end of the day I call it price manipulation. If words still mean something
