When trading illiquid and small cap stocks or crypto, it is better for you to throw away all your Technical Analysis and Elliot Wave, because it doesn't matter.
Financial market has always been manipulated and continued to be manipulated by different types of whales.
Whales love and like to play with retail pyschology and they are WILLING TO DO anything in order to make sure that they are MAKING IT BIG while everyone lose everything.
Even if that means that dropping the price of the asset 99%, lets it be, whales will do WHATEVER they want and can.
I have seen a penny stocks that drop 99% just to go up 100x.
This is how the financial market works.
I am not advocating this kind of manipulations and I am not endorsing any of this actions.
If you think investing or trading is easy? Just think again.
The only way you make money in financial market is for you to follow that the whales are doing instead of doing what every retails are doing.
Human greed can not be eliminated. Even regulated stocks are subjected to these kind of manipulations. Just expect much worst outcome from UNREGULATED crypto exchanges.
Regards.
Financial market has always been manipulated and continued to be manipulated by different types of whales.
Whales love and like to play with retail pyschology and they are WILLING TO DO anything in order to make sure that they are MAKING IT BIG while everyone lose everything.
Even if that means that dropping the price of the asset 99%, lets it be, whales will do WHATEVER they want and can.
I have seen a penny stocks that drop 99% just to go up 100x.
This is how the financial market works.
I am not advocating this kind of manipulations and I am not endorsing any of this actions.
If you think investing or trading is easy? Just think again.
The only way you make money in financial market is for you to follow that the whales are doing instead of doing what every retails are doing.
Human greed can not be eliminated. Even regulated stocks are subjected to these kind of manipulations. Just expect much worst outcome from UNREGULATED crypto exchanges.
Regards.