Using technical analysis can help us to have a foresight where will be the price of the bitcoin will be. I am using technical analysis in cryptocurrency, forex trading and also in stock market, I can say that using TA is effective and it can help us to make better decisions.
Using such analysis methods is usually inaccurate because we know that the price of bitcoin is affected by requests and from bad news or good news about bitcoin on the internet, without analysis used if there is good news, the price of bitcoin can usually rise. so bitcoin doesn't always move from analytical techniques like that. 
Topic: There isn't always a clear reason why BTC went up or down - page 2. (Read 568 times)
Using technical analysis can help us to have a foresight where will be the price of the bitcoin will be. I am using technical analysis in cryptocurrency, forex trading and also in stock market, I can say that using TA is effective and it can help us to make better decisions.
I agree that there may not be clear reason for pump or dump. Whales can come and randomly push up or down. But, in the end, we will figure out a way to find these whale moves and act before them. This is called TA, right? There is no need to bound these to some twitter posts or banning news. These are just random things.
As I have always said in other forums , price is mainly determined by demand, and demand is driving by adoption, product development and other factors just to mention a few but with some respect to the whales. For example, the current run being experience in the price of bitcoin in my own opinion is not driving by whales but by mass adoption and positive news currently hitting the crypto space from the like of Facebook, Microsoft and the host of others. With this I would say adoption and project development drives in demand and demand in turn drives up price.
Yeah perfect demands is the cause of the bitcoin price up and down movement in the coin market cap, that is called decentralized volatility I didn't beleive bitcoin is control of the group of whales or people's their price value demands is the number one reason why bitcoin. Is moving up and down.
I am sure that behind any movement there are certain factors and conditions. And so same are worth people which and create these factors and conditions. This market is very susceptible to manipulation, so look for reasons or invent them makes no sense. About them either tell in the upstream, either never about them not will know.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
The possibility of whales selling or dumping 1000BTC at a particular time in the open market is highly unlikely. There is an OTC market where big sales are taken place which is not reflected in the open market and we could expect these kind of whale manipulation when there is a rally and there is a big influence of institutional investors and they usually manipulate the market like you said. Bitcoin is under the law of supply and demand, more demand = higher price and lower demand= lower price. The only difference why bitcoin price rise with some news is because of hype that creates demand in the market. More good news more demand higher price more bad news less demand more supply for sale so price drop would be expected.
It is under the law of supply and demand but the price really affect by the events that is happening and news that is circulating over the internet, I can still remember the peak of price that really affects the further hype of crypto because of the news ciculating over the net.
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
You couldn't conclude these things you have mentioned if you think there is no clear reasons why bitcoin went up or down. There are always and there is always will be a reason why things happen, without reasons there will be no point for a scenario to happen. Sometimes we just ignore the news, we are being affected to much of the bearish market that is why we though that there is no clear reasons at all.
No ,there are so many reason why its moving most reason are the every individual who traded or who are trading them their bitcoin,the individual trader or investor has a big part of why the price of bitcoin is moving and also there are still more reason behind the moving price of it.
There is a circulation and the market and those who play with the price make it moves. It is normal that the price fluctuates because that means that there is a change with the supply and demand of bitcoin. It is better than being stable which make long to gain profit. 
Bitcoin is under the law of supply and demand, more demand = higher price and lower demand= lower price. The only difference why bitcoin price rise with some news is because of hype that creates demand in the market. More good news more demand higher price more bad news less demand more supply for sale so price drop would be expected.
It is under the law of supply and demand but the price really affect by the events that is happening and news that is circulating over the internet, I can still remember the peak of price that really affects the further hype of crypto because of the news ciculating over the net.
Bitcoin is under the law of supply and demand, more demand = higher price and lower demand= lower price. The only difference why bitcoin price rise with some news is because of hype that creates demand in the market. More good news more demand higher price more bad news less demand more supply for sale so price drop would be expected.
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
I agree that Bitcoin is heavily manipulated. Rather the whole cryptocurrency market is heavily manipulated because of the lack of monitoring authority. But there is always some reason that kick starts the fall which then gets heavily manipulated by the whales for some quick profits. Like recently, the not so expected response from the bakkt lead to the fall which then intensified because of the manipulation. But they too don't play badly with the market as they can't make retail traders leave the market because of the excessive losses. Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
Price of bitcoin depends on its market demand and supply, it is depend to the traders. Anyone who have a larger number of bitcoin hodling will have the power to manipulate the market value. Whales sometimes manipulates the market, they will hodl bitcoin we may monitor it in the patterns that we can see in every exchange. Predicting reason why bitcoin pumps and dumps is too hard.
But as you say, the obvious reason is probably the manipulation of people holding large amounts of bitcoin, they are outside the market every day, observing people's needs for the market, and depending on the purpose, they will cause the price of bitcoin to rise or fall. And of course, they usually don't act too clearly, always giving bad or good information, always provide events to spark their scripts but sometimes, they don't have any other information, they act more clearly than ever when they pump or dump very clearly within minutes. Price of bitcoin depends on its market demand and supply, it is depend to the traders. Anyone who have a larger number of bitcoin hodling will have the power to manipulate the market value. Whales sometimes manipulates the market, they will hodl bitcoin we may monitor it in the patterns that we can see in every exchange. Predicting reason why bitcoin pumps and dumps is too hard.
Yes, I think that it is all about the manipulation. Whales are the winners here in this type of market since it is still young and not regulated enough to avoid manipulation. Whales who got a lot of bitcoin can easily dictate the movement of the price of the cryptocurrencies in the market. It might not be healthy for some people but for the majority, I think it is still a good blend to the market since it adds more value for traders.
Price of bitcoin depends on its market demand and supply, it is depend to the traders. Anyone who have a larger number of bitcoin hodling will have the power to manipulate the market value. Whales sometimes manipulates the market, they will hodl bitcoin we may monitor it in the patterns that we can see in every exchange. Predicting reason why bitcoin pumps and dumps is too hard.
Basically, The price of a product is determined by its demand in the market and also the price goes ups and downs based on its supply to the market but the scenario of Bitcoin is totally different maybe, there are no specific reasons why the price always in a shaky position, When the price is high people is happy and on the other hand, when price is low then also a group of people is happy, though its a natural process but this market should be stable in some context. but according to my experience on this platform, I think a huge manipulation is the main reason for this unusual scene, not only that but also a large number of Bitcoin holders may turn this situation. It's not certain but you can't deny this reason anymore.
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
That is because bitcoin's market is decentralized. No one controls it and no one regulates its price. That's why price changes are drastic and quick since it's determined by supply and demand. These whales can be compared to massive sell-offs. A whale selling is comparable to a group of people selling because of a recent negative news about crypto. Both can manipulate the market, traders and investors should always keep it in mind that bitcoin's risk is higher than regular stocks. Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
It's basic demand and supply kinda thing. Only bitcoin is limited and not all people own it. Plus, FUDs, Analysis chart, famous person saying not to hold, etc are some of the reasons why the price changes at times. Bitcoin always has some kind of issue or news about it that affects it price, whether it be small or big news, which naturally affects the perception of bitcoin owners whcih then makes them sell the coin all of a sudden. Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
He's right, there isn't always a clear reason for the price increase or decline, it happens naturally in the market, at least for a mere $100-$500 in a day.
But for the price changes around $500-$1000 within a day or couple hours, there must be a reason why it happens obviously, just like one day after the Bakkt futures launch, bitcoin price fell more than $1,000 so people speculate because of that. Not a basic thing like demand and supply, because bitcoin price will always increase if that's the case.
There’s always a reason why the sudden change or drop of price of Bitcoin and there are times it will take days, weeks or perhaps months before someone can offer an explanation why the price dropped. Remember the 2017 bull run that ended on the first month of 2018 or the last week of 2017, some offer an explanation that it was the stock market traders who bought Bitcoin on the last quarter of 2017 until the price spiked to ath and then they dumped. Question is do believe it or we just ignore that explanation and just take our profits.
Imagine while we are busy looking for reasons, others are already gaining profits because they were able to position themselves at the right time.
Imagine while we are busy looking for reasons, others are already gaining profits because they were able to position themselves at the right time.
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
It's basic demand and supply kinda thing. Only bitcoin is limited and not all people own it. Plus, FUDs, Analysis chart, famous person saying not to hold, etc are some of the reasons why the price changes at times. Bitcoin always has some kind of issue or news about it that affects it price, whether it be small or big news, which naturally affects the perception of bitcoin owners whcih then makes them sell the coin all of a sudden. Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
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