BTC down to low 8000s right now
I am so used to big dump and big pump like this in crypto market. That is why we should not all in our assets in crypto without experience. I have a friend who likes to play margin trading and he paid $ 500k because the whales manipulated the price. so be careful with bitcoin, we should all have proper capital management strategies to avoid situations like this. 
Topic: Major dump started like 5 minutes ago - page 3. (Read 627 times)
Coming back to 200 day average is bigger then I expected on a weekend, swung right past 8 day but its a good move to retrace the move of the last week or so which was rapid. I'm slightly surprised that 10k is the top but that was in the area of a trend in place since the bottom so we've in the realms of a reasonable normal move.
Was there any event news to match the sell or its purely technical profit taking ? 30 day average is 7800 roughly and 7500 for 50 day, a very harsh sell would be 6000 an older daily trend and a decent area of volume in this recent recovery.
Was there any event news to match the sell or its purely technical profit taking ? 30 day average is 7800 roughly and 7500 for 50 day, a very harsh sell would be 6000 an older daily trend and a decent area of volume in this recent recovery.
I think there's no major event why the sell off. More of traders wanting to get profit. But it looks like the price will go up again, either before or after the halving. Whales are taking advantage of the situation. Many will get rich in the coming days esp those who know how to strategize their trading because of this halving event.
Hmm I guess it was kind of expected? I mean, the price just went up continuously nonstop, a dump was bound to occur sooner or later. It'd probably naturally recover to at least around $9k or so before resuming its steady growth. Though in this case it most likely depends on what the halving is going to bring upon the market in the short term. If miners were to start HODLing their coins to wait for a good price for them to dump so they can at least recover their future expenses, then a good recovery would await us in the short term but then again there may still be a much larger dump after that.
Coming back to 200 day average is bigger then I expected on a weekend, swung right past 8 day but its a good move to retrace the move of the last week or so which was rapid. I'm slightly surprised that 10k is the top but that was in the area of a trend in place since the bottom so we've in the realms of a reasonable normal move.
Was there any event news to match the sell or its purely technical profit taking ? 30 day average is 7800 roughly and 7500 for 50 day, a very harsh sell would be 6000 an older daily trend and a decent area of volume in this recent recovery.
Was there any event news to match the sell or its purely technical profit taking ? 30 day average is 7800 roughly and 7500 for 50 day, a very harsh sell would be 6000 an older daily trend and a decent area of volume in this recent recovery.
Yeah I have no idea where its going to go from here personally. I expected a dump to happen after the halving and we probably will see one (more brutal than this) but weight recover a bit first...
A lot of people expected a drop to 9100 on the half hour Timeframe but we spectacularly broke that...
We were at 7000s-8000s range for so long, a drop to here is probably actually pretty healthy for now if we don't shoot through it in a few minutes/hours/days.
A lot of people expected a drop to 9100 on the half hour Timeframe but we spectacularly broke that...
We were at 7000s-8000s range for so long, a drop to here is probably actually pretty healthy for now if we don't shoot through it in a few minutes/hours/days.
Oh absolutely it is very healthy. The price definitely needed to drop back to around 8000. This drop probably took the strength out of any post-halving drop that may have occurred next week. No idea what will happen in the next week. No doubt the powers that be will be competing to pump it and dump it, will be interesting to see who wins. I'd guess serious volatility from the 7000s to 10,000s the next few weeks.
BTC down to low 8000s right now
This is what I am afraid of because the traders didn't care much about the bitcoin price because they are only executing their plan just to gain a profit in every turn of the market price. It is pretty difficult to create a one way push and it is pretty normal base on what I have notice on how the market works for several years that I keep on monitoring it. As long as the dump is not that deep then we don't have to worry about it because in the following days the market will surely to recover knowing that the halving is getting closer and closer as days passes by.
Yeah I have no idea where its going to go from here personally. I expected a dump to happen after the halving and we probably will see one (more brutal than this) but weight recover a bit first...
A lot of people expected a drop to 9100 on the half hour Timeframe but we spectacularly broke that...
We were at 7000s-8000s range for so long, a drop to here is probably actually pretty healthy for now if we don't shoot through it in a few minutes/hours/days.
A lot of people expected a drop to 9100 on the half hour Timeframe but we spectacularly broke that...
We were at 7000s-8000s range for so long, a drop to here is probably actually pretty healthy for now if we don't shoot through it in a few minutes/hours/days.
BTC down to low 8000s right now
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