Thanks for checking out my pump analysis. You can view scheduled pumps, analysis and tips on my telegram channel here: http://t.me/CryptoPumpAnalysis
Another pump from the ‘Pump Notifier’ Telegram group has come under scrutiny today with a higher than average volume pre-pump. The pump this time was aimed at Diamond (DMD). The Telegram group now boasts 15,915 members
Timeline
16:58: the price was sitting at 0.00129486.
16:59: the price rose to 0.00254072 (An increase of 96.22%), with a volume of 31.
17:00: Pump announced. by the time many received the link at 17:00 (26 seconds), the price was already near ATH. Price was at 0.01110000 (an increase of 336.88%) with a volume of 307 by the end of the minute.
17:01: The descent came short and fast. heading to 0.00210861, a decrease of 81%.
17:02: Ouch. Volume within this minute dropped to a mere 34, Price stabilised at 0.00220000.
So, what did the owner of the pump group put the early volume down to?
We are very popular and biggest pump group, thousands of people try to predict our coin and hundreds try to buy these predicted coins just befor [sic] pump in anticipation of getting picked up. This is what those small candles are.
Now there is a hell of a lot of coins on Bittrex. Surely he isn’t implying that 15,915 members could influence the market and that all coins would jump in anticipation?
If you doubt this explanation, just check coins next time, just before time of our pump (4 PM GMT), all coins will be jumping up in anticipation.
Ah. Let’s have a quick look across the markets, taking random examples.
MUSIC?
ABY?
BNT?
Odd, they should be jumping.
Moving forward folks, i’d really be careful on this pump group. Realise that when you receive the pump notification look VERY carefully at the current price.
From my past analysis from this group and with this one, it’s mostly all over by 17:01 (+30 seconds). Look at the clock. Are you likely to be able to buy in and get out before then? If not, step the hell away from the computer.
You can keep up to date on all my articles / schedules / picks on my telegram channel: http://t.me/CryptoPumpAnalysis.
Disclaimer: I have no affiliation / sponsorship / endorsement with-or-from any groups. This should not be taken as financial advice; it is only my personal opinion.
Update: 29th June: I received a question regarding if this is scam. Manipulating the market to have an advantage does clearly fall within the definition of a scam. One could assume that users participating, or looking to participate in a pump scheme are aware of the process in which a coin is being manipulated. I hope the analysis provides enough insight into expectations if you decide to proceed and the risks associated with it.
Personally I believe with the right information and a clear strategy, once could, and people do, profit from a pump. However if you are new to this, please understand the likelihood of walking away in profit. Do your research, and understand the high risks.