then I wonder if this is really the downfall before the pump?
considering that soon we will enter the end of Q4 2019, and in Q2 2020 bitcoin will be halving. so now is the last time the Whales buy cheap btc. that's why the market was deliberately manipulated to make the price of bitcoin go down. and after that they pump slowly to look like market growth.
so what do you think, is my thinking wrong?
There is nothing wrong in your thinking because it was your own perception regarding the matter. Well, many people do also think the same way you do whenever the price goes up a little bit but drops twice than the hype and perceive it as a manipulation in the market brought by the whales of the crypto. But as of this moment, I cannot momentarily say that there is a certain manipulation that is happening because based on the price chart, the ups and downs are on its usual state in which basically it is normal. We must not be stressed out on the all of a sudden drop in the prices after a small pump because there are lots of factors that is being considered why certain fluctuations is happening in the market.