👀 Who controls the cryptocurrency market?

 A market maker is not a single person. This could be a group of traders/fund/organization/automated software that provides liquidity in the market and ensures price movements.

Ordinary traders analyze the market horizontally: they look at price changes, look for patterns, support and resistance levels

Market makers: see the market vertically in the “order book”: where pending orders, stop losses and take profits are located, how volumes are distributed.  

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1. The market maker analyzes the “book of exchange” and determines the level at which many stop losses have accumulated.

2.It estimates the volumes of limit orders placed by traders

3. If the overhang of stop losses is large, and the volume of counter orders is insignificant, then the market maker determines the level from which he needs to push the price in order for it to enter the accumulation of stop losses. 

4. At the target level, he places a large order in the direction of the price movement (if the price goes down, then the order will be for sale, if up, then for purchase). When the price reaches this level, the order is triggered and pushes the price into the stop loss accumulation area.

5.Cascade triggering of StopLoss