Topic: WHY THE SUDDEN DUMP WITHOUT ANY MAJOR NEWS? - page 3. (Read 704 times)
There doesn't have to be news for price to move up or down; there wasn't any major news when we started going up from the low $3000s, and it's also unreasonable for prices to continuously rise without any sort of retracement. As for the reason why we dumped, that's anyone's guess and we may never find out. It could just be a whale decided the price was at its local peak and dumped a few hundred or thousand coins and traders piled in on the red candle down from $4000. We're still crawling upwards in price on exchanges like Bitstamp and I feel it's still likely we'll break through $4000 much more assertively than last time around. Support's holding up pretty well in around $3700 Bitstamp price, but if we go further down from here it could be a pretty long and stagnant spring.
It proves that cryptocurrency is not depending on news, maybe sometimes but it matters on how big the news is maybe the game of accumulation is starting again pump a little and then dump so that they could profit more filling their bags before taking off. Its a nature of a market, volatile and unpredictable
.
News is the main factor affects to the psychology of traders who decides about price. News alone can't move the market even 1 pip. Sometimes strong news can't make any movement on markets because of the idea behind "Buy rumours, sell facts". Pro traders know how to handle big news and more importantly when to leave market. New traders often make such mistakes. .
It proves that cryptocurrency is not depending on news, maybe sometimes but it matters on how big the news is maybe the game of accumulation is starting again pump a little and then dump so that they could profit more filling their bags before taking off. Its a nature of a market, volatile and unpredictable
.
.
Over the past few days, there was a significant rise in most of the assets on the crypto market including the altcoins. For instance the value of Ethereum also rose alongside bitcoin. It has become rather strange to me that there has been a sudden fall also, I don't know if some major traders or whales are playing mind games with amateur traders. Most bullish and bearish runs comes with a major news but this case was different.
We need to understand that this is the way of market, not all times market can be predicted or control by news though we can’t rule out the fact that it does have lots of influence, the rise of some coins in the previous week such as ethereum as not by pump which could reverse itself in preparation to test another value.Let us work more with analysis and charts available to us, from these charts we will be able to accurately predict what will happen to whatever coin we are holding. This week I expected ETH value to hit at least 180 usd so it’s still a good news. If you learn to become a very good trader, whales or major traders will not be able to play with your trade.
Sometime thing happen without having any reason. LOL. In this market, you shouldn't be too surprised just because of sudden dump like that 
. It's just a fall back after a small pump because bullrun doesn't really happen so this dump is just normal at this time.
. It's just a fall back after a small pump because bullrun doesn't really happen so this dump is just normal at this time. Sudden bump also happened without any positive news for the crypto currencies then why you are worried about the dump when there is no news for it.
This is common with people, always growth won't happen. There will be fall in between, before getting into cryptocurrency it needs to be understood. There won't be any prior indication as well we don't know whether the market is gonna react for the news. This is why the crypto market is termed high risk involved than the other platforms. 
Sudden bump also happened without any positive news for the crypto currencies then why you are worried about the dump when there is no news for it.
I believe that the market is being manipulated. In this case, you should stay away from any trading as this couldnt be safe to your funds
Market can be manipulated but in this case, I don’t think it’s necessarily being manipulated by whales or major trader. It happens a lot when some markets are trying to break resistance. In fact this is the period many traders make more cash when you are able to analyse the market clear using charts and indicator available to us.Falling prices might get you rich if you know how to watch and trade with caution, to me I watch the trend to see how it will takes shape before trading, once it has tested a particular value before falling, it will surely test it back, so it’s best you buy little you can still afford at that time.
For most that are not traders, since there are always uncertainties in the market, the best line of action always is to do nothing and let the long-term growth take place.
This is game of big whales, so to minimize the risk from price manipulation we always use stop loss and trailling stop, i think no body will know if the price wil dump more than 10% just a few minutes, and we can not handle it by doing cut loss manual because not possible to stay in the front of trading platform all the times, so feature of stop loss will help us to cut the loss immediately or to lock the profit.
I think the whales is playing games with the investors and this dump is predictable, since the rising happen without any good reason, from the chart it also show a weak support when the price going up, so it's not strange that the price fall back
Its expected, because the market will not move an easy up trend and correction will be there. Its also possible that the whales manipulate the market again. Nothing to panic about, everything is under control by the whale, believe on them for sure they will still pump the market.
Technically it was a false breakout; attempt to break the $ 4100 ($ 4200 Bitfinex) but did not hold up, and a return below $ 4100 triggered stop loss cascade generating panic. No news has triggered this movement, very simple TA
Over the past few days, there was a significant rise in most of the assets on the crypto market including the altcoins. For instance the value of Ethereum also rose alongside bitcoin. It has become rather strange to me that there has been a sudden fall also, I don't know if some major traders or whales are playing mind games with amateur traders. Most bullish and bearish runs comes with a major news but this case was different.
I was surprised yesterday when I opened my wallet and see big dump and from there I have to check some of the news sites but couldn't find any reason why bitcoin and cryptocurrencies fall in that ways. But I think the reason is the normal way the market has been behaving. The investors that buy bitcoin around $3700 or $3200 has to take profits from the current Gains in the price of bitcoin and others cryptocurrencies.
Welcome to the new era of crypto trading. Gone are the days when news would lead to a pump and a sudden dumping of the market. What we are seeing these days are just movements. What you need to know is to have perfect timing on when to sell or buy or just hold to avoid all the TA stress.
Over the past few days, there was a significant rise in most of the assets on the crypto market including the altcoins. For instance the value of Ethereum also rose alongside bitcoin. It has become rather strange to me that there has been a sudden fall also, I don't know if some major traders or whales are playing mind games with amateur traders. Most bullish and bearish runs comes with a major news but this case was different.
That's why don't expect early just because there is a sudden change on bitcoin price recently.
Look at you guys, now full of questions to the fact that honestly there is no such thing as big deal on the recent "rise". Let the price goes through and give it a quiet some time before speculating what will happen next. It will just give you an expectations and to the point that people will look on "specific" reason whenever goes up or it goes down.
News might be one of the factor but don't stick on the thinking that it can be considered as major one.
It has do with supply and demand I don't think the price pullback or retracement has any thing to do with the any fundamentals some professional traders will sees the recent bullish runs as a bull trap having called for cautions as a trader, I also believed the price had not really kick started the expected bullish runs probably the resistance at $4K+ is very strong.
I haven't heard of any news heralding what to come in the cryotospace, no news can exist as nobody is sure of what's going to happen
Most of the hearsays are just speculations which luckily most times turn out to be true
Investors are well aware of the risk involved in investing in the network, uncertainty is a dominant feature and it makes it more difficult.
You could gain at one second and lose at another
Most of the hearsays are just speculations which luckily most times turn out to be true
Investors are well aware of the risk involved in investing in the network, uncertainty is a dominant feature and it makes it more difficult.
You could gain at one second and lose at another
We can also ask why the sudden increase without any major news as well ? What happened that made the bitcoin price starting from 3400 went into 4200 or so? There was no news worthy of an increase at all.
In fact there was only one big news that was shared on mainstream media about "crypto" which was blockchain news of how JP Morgan was thinking about using blockchain to make their transactions cheaper and faster, which has absolutely nothing to do with bitcoin at all. That is why asking why bitcoin went down so quickly without any major news that would affect the price is quite wrong because price doesn't move because of major news alone, it moves because of all kinds of things, this is a financial market, that is what financial markets do, they move constantly.
In fact there was only one big news that was shared on mainstream media about "crypto" which was blockchain news of how JP Morgan was thinking about using blockchain to make their transactions cheaper and faster, which has absolutely nothing to do with bitcoin at all. That is why asking why bitcoin went down so quickly without any major news that would affect the price is quite wrong because price doesn't move because of major news alone, it moves because of all kinds of things, this is a financial market, that is what financial markets do, they move constantly.
I think it's an obvious thing. As you can see there was no big event for which the price of crypto increases so much in 2017 & dumped in 2018 & continues. When the price rises everyone was happy & no one wondered why the price is going so up. But when the price started falling down everyone got panic & started dumping & resulted in a disastrous market situation.
With that time interval its obvious that gainers doing the short trades really make some huge profits, we have to consider people who alsohave a good skills trading in a short term basis, they already hit the target and sell everything to make a cash out from a week of working with
the market.
In every action there is an equal reaction. so if there is a sudden rise, there could be a sudden dump. Although we know there is manipulation here there are however people who really want to take profit and accumulate more coins and those who acted like they panic are the ones going to make better profit as they just knew when to buy back.
Jump to: