Re: Why some small coins rise in price for 10%-20% in a day WITHOUT any news?
Actually, I think I found one of the most common reasons.. It's small pumps and dumps, created by crypto channels.
I analyzed the candles on a minute basis before the signal (green), at the moment of signal (blue) and after (red).
Check out the screenshot:
https://snipboard.io/manWZG.jpg
You can see that it has very low amount of trades. Then:
The organizers buy some of the coin
Send the signal at 18:02
Dump the coin
This happens lots of times per day. Even though I am not sure this is the only reason, but it seems like a common one, since there are tons of signals channels.
I analyzed the candles on a minute basis before the signal (green), at the moment of signal (blue) and after (red).
Check out the screenshot:
https://snipboard.io/manWZG.jpg
You can see that it has very low amount of trades. Then:
The organizers buy some of the coin
Send the signal at 18:02
Dump the coin
This happens lots of times per day. Even though I am not sure this is the only reason, but it seems like a common one, since there are tons of signals channels.
Hey guys, thanks for all the replies, but you kinda repeating the same
Please check it here, I tried to analyze it deeper and provide an explanation with a screenshot.
Seems to be the reason for the small cap coins.