the manipulator is back. for all the
new traders or
fud out there, here is
some advice with explanation1. the whale buys a few amount of GBT from the 'buy order' like for example the 31.97 gbt and 68.02 gbt buy that happened 30 minutes ago.
- what this does is to make you think the price is going down
2. the whale sets a big 'sell order' like for example the 250,000 gbt sell at 1500 sats currently happening.
- what this does is to trick someone to set sell orders at lower prices, like the guy that put a sell order at 1450 sats
3. someone or the whale buys the 1450 sats 'sell order'
- therefore lowering the previous high and getting cheaper gbts
4. the whale then scoops more gbt at different levels to lower levels from the 'buy order' like for example 1200 sats, 1150 sats, 1100 sats and so on
- this lowers the prices in the 'buy order'
5. when the whale finds his target position (where he/she wants the price at), the whale buys a few amount of gbt again from the 'buy order' and the process repeats
- this way the price just keeps getting lower and lower
* To note: even with a BTC increase, lowering should be in gradual proportions and not rapid decreases (50%), so that's how you know there is manipulation going on.
Conclusion: Someone or a group (bear whale) are still actively buying to get more coins (someone who sees the potential in the coin and e-sports)! don't fall for the trap (by that I mean selling at a lower sell order and buying at a lower buy order if you really support the coin)
WHALE = a person or group with large amounts of a coin that can cause the price to go lower (bear) or higher (bull)
Bear = down trend
Bull = up tend
this makes no sense.
why should somebody be interested in falling prices if he is invested in it.
1) the whale is short and therefore manipulating the prices down (= not possible here)
2) the whale is long and therefore manipulating the prices up (= not happening here)
