Bitcoin Forum

It went from $3,795 down to $3,665. All in a matter of seconds. I wonder why and what happen.

All my trades are up and hanging. My whole Binance account is now waiting for the rebound.

You guys doing okay?

it was stuck sideways all day long. then boom. it went down just like that. :-\ :-\ :-\ :-\ >:(

Quite the mystery isn't? But if you compare it against a few days back, its still higher:

https://i.ibb.co/JpVR7hD/image.png (https://i.ibb.co/JpVR7hD/image.png)

I think the price will continue to fall with the current selling movement
Do not forget, friend, we are on Thursday night and after Friday
A day often witnessing a downward movement.

it's pure manipulation, there are bart patterns repeated in this last period .. they do it purposely to eat the stoploss at low price

I had already set all my orders. Waiting for it to go up again. it would have been sweet to buy when it went down to the bottom like that

whats a bart pattern?? You mean a buy wall? im still learning

With the sale of whales, bitcoin is down this is very normal.. you know there are also futures and leveraged transactions. and absurtly price drops down to $ 400 to 500 dollars or vice versa, The price may rise up to 500 dollars at a time.. Don't be surprised anymore, get used to it.

Im now starting to think if you really learned from several threads you opened here. :-\

$3,795 to $,3665 is really not a big deal.


Well then you just have to used to it. You can even see much more surprising price movement to that. I guess you should understand that now since Im sure it was being discussed on some of your opened threads. Anyways just keep moving.


At least you know now how to make a self decision. All you have to do now is to wait.

Goodluck!

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I think this thread is more appropriate in Trading Discussion (https://bitcointalk.org/index.php?board=8.0) section.

I'm feeling okay and when that time happened, I fell asleep. I'm waiting for my one trade but I forgot to press the sell order so I'm kind of disappointed after waking up.
Few hundreds lessen again bitcoin's again, so what? that's what I realized because I'm getting used to this quick swings and there's no need to worry about it.

I'm fine, and in trading it's natural to experience ups and downs, and I think the price of bitcoin is currently experiencing a period of price increases.

The fact the it dropped 100$ its really nothing compared with other times when it dropped hundreds of dollars instantly. Now it's back to 7500$, so no worries for anyone. Honestly I have no idea what is happening with bitcoin price in the last weeks. First time it showed great when the price was starting to go up and it reached 4000$ the it instantly dropped to 3700$ and now it's just staying there.

I would say, that's a normal market trend. Nothing so special. We've been in a much worse trend, right? So keep the faith. And don't panic.

It is a normal movement, we are in a phase where you can go up and down at any time, liquidity zones have been created ... you may be preparing a bullish move, and if you detail the price went down with little volume. I reiterate, it is best to wait 10 to 15 days to see how the movement of the market continues to develop.

I’m still holding, though I missed to sell my coin at a peak but I still believe that it will grow again. That is just a small pump, meaning we can easily hit that price in the future. Don’t be in hurry, the best price will happen again very soon, have patience mate.

Well, you know the drill, buy more while is cheap, and do it fast before we see a rebound to test 4k again  ;)

Probably whales just manipulating the prices. They're the big winners: one whale pumps, people fomo buy, price goes up a bit more and then the whale dumps on them. Few days later, a whale dumps, panic sellers are triggered and tank the price even further making the whales buy at cheap prices so that they can repeat the cycle again. Just don't pay too much attention to the price and hold your coins.

Exactly, we’ve been through a lot of this and its a big dump compare to this short trend so i think we should calm down and stay focus. The market will move up high again, especially if the bulls finally come. Bettet to hold more bitcoin, and sold it at a higher price in the future. Many are trap again buy at least they are still holding bitcoin, always turn negative things into motivation.

Is there no way to predict this price drop?  What about reading buy and sell WALLS?? That is where the learning is at. Too bad I still do not understand how to spot buy and sell walls.

Well it knocked me off my game that's for sure!!! I HAVE 3 orders hanging with all my binance funds in there!! Not much, but still. I was doing so gooood until this monster whale jumped in   ::) :P :-[ :-X :-\ :-* :'(

You expect everybody to learn all of this stuff over night?   Than you got anuther thing coming buddi.  i will be OK. It's time to pounce on these viciously rich whales.

We are all in the same situation. Obscurity turns work into gambling. Our hope was increasing in the last increase, but its life lasted for a day or two. All the weak upward movements make it even closer to the bottom.  :-\

It's only been 2 hours since the massive dip occured.  Now it has recovered about 68% up from where it fell down to... so I will just wait and see how the charts look tomorrow morning.

PS/ I did reduce my sell points so that I will basically break-even. I'd be Cool with an Even Steven.

I'm looking at other charts besides BTC but it looks like after the Big Dip, the price squeezed a good amount and went horizontal for a while. Now it is starting to bust over the top Resistance Line with 2-3 green bars. it's on an uptrend with signals that it is going to bust upwards!!!!!!!

For the people who say I do not pay attention: how's that for TECH ANALYSIS!?!? ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

buncha newbs

On Bitstamp it's back to where it started. It's like it never happened.
I guess some whale got tired of waiting and sold everything into the buy walls like a newbie. He was hoping to start something and failed. He must be proud of his achievement now :D but it was a good try. A point for his effort.

I think you had the right action. Now the price of BTC will increase at nearly $3,900 so that you can continue to trading and get profit with Bitcoin. And the next time, I think the price of BTC and the market cap of this cryptocurrency market will rise and bull run maybe will happen in the next four months.

In my opinion, the price will continue to decline with pressure from bears. I already sold my BTC and this trade is my biggest gain since last December. BTC will test support levels below than 3k$. Price is reacting very easily to every FUD and these conditions don't give enough courage to buy with small steps.

Im thinking the only way to seriously learn Buy/Sell Walls, and what Whales do, are by having your feet wet in the water while these Giant Whales are in it!!!!!! scary

Cause I read a buncha explanations about Buy/Sell Walls and still did not understand.  I'd like to learn how to IDENTIFY when the whales are manipulating things.

There's nothing new on what's happening with the price of Bitcoin recently. The price still remain within the range of +/- $200. This is where scalpers and day traders user their expertise. There would be a significant change if we see at least +/- $500 in the price of Bitcoin or maybe +/- 10% of its current trading price. Never the less we are still in the bear market.

Sharp post... I am going to keep an eye you buddy.

Update: I just sold at Market price and Cut Even this time.  I plan to trade again beginning tomorrow.

Probably some whale sold a big amount which suddenly increased the supply against existing demand which caused such sudden dip in price. But you know, shit happens in life and bigger shit happens in trader's life! Did you set up a stop loss? That could have saved you dollars.

The little price reduction is not something to worry about though, it will pump up back. No need panicking in every little price reduction.
The price is just a mere fluctuation which is caused by day traders who are constant selling and buying in the market so need to worry.
And for me,  it's not advisable to constantly glue yourself to the price and keep monitoring the price, it makes no sense.

this is what always makes traders experience panic, changes in prices are very fast and very large value. then if we want to enter the krypto trade, we must practice trading mentality because if we are not ready then there will be a big loss. sometimes prices go up and down are the influence of large traders who want to dominate the market by making sales and purchases on a giant scale, so we must always be careful with the situation that occurs suddenly.

Let's just all hope to the bounce back of the crypto market again. But well, this is not new for the market but I do hope for the fast recovery of the Bitcoin market takes place again.

I think that is normal. It went up relevantly quick last past few days so this is to be expected. I might be wrong but it looks like there are big player going out for a quick profit.

It's normal to happen, it's like 5-10 times already or even more since last year. I don't know everytime the market goes up, in the end the market will go down again and it'a always like this. It's like someone out there can control the market.

You have to assess if what type of trading practice you should be fit yourself, small fluctuations is normal, whether ups or downs things will happen
as active traders are playing around and taking every opportunities that they've got, knowing your limitations and how will you act accordingly is
very important, take a deeper assessment and keep yourself calm before taking any decisions.

Observed and study how will you take the sway, whether long or short term investment you need to have a good set up plans.

this is good news for a trader, we can make purchases at low prices.
 hopefully in the future the price can experience a high increase. because we buy at a low price, we are not afraid of losing. maybe this could be taken into consideration by traders.

Obviously your absorption was right, Most of the Bitcoin was moving forward slowly and sudden dump also possible at anytime. It is a common fluctuation of crypto market, This month makes many magic in Bitcoin growth so surely upcoming days are positive to Bitcoin. I hope BTC is future fiat currency in entire world.

I hope that it wouldn't continue and soon it would raise again,
I hope that this year we could see a possitive sign in our portfolio.

Bitcoin last two days raised up about 5% and could be higher price, I don't why today bitcoin have lower and dump again. Without got negative news I check bitcoin and altcoin have take down at lower price and always hope one later could back to higher price again.

It's because we are still in the bear market and speculators, whales will book profits any time they want, just like we've seen in the past couple of days. Good thing though is that the price holds around the $38xx range, so there's a possibility that an upward movement could happen, when another positive news hits the market. Or we can be speculators ourselves, buy at this dip and wait till the price goes on $4200 and sell.  ;D

Speculative advice is like a double edge sword that can hurt you and person in front of you. I prefer to wait for settled dust before deciding about buy or sell trading positions. 4000$ is current resistance and BTC price will go higher levels if it can cross this line.

I suppose no one will be safe from this drop. Bitcoin is still in a downtrend so dropping of price is quite normal from what i see.

Im perfectly doing good, just chillin while monitoring the market. Well seeing the price swings of bitcoin is like a ride without specific destination, we cant predict what is next. I stop selling since the last quarter of 2018 thus I transfer my btc from exchanges to my wallet. I prefer to wait longer rather than taking profit when the price spikes a bit.

The market is high volatile therefore its normal to have unstable price of btc, just bear with it because those who can deal with how it works are likely the ones who will gain huge profit in time.

That is what i do, buy at the lower price and wait until the price goes up like the last 4 days. The result is so far so good, my coins up to 10% than before. I'm waiting for the next pump right now, and repeat.

This is a natural thing, now the market is not stable, this is an opportunity for many people who have been waiting for a long time to go up and sell, therefore increasing a few percent of bitcoins immediately dump quickly because many sell.

you say "trading positions" but you claim that speculation is not good! that doesn't make any sense. if you are trading and have some "trading positions" then all you do is speculation all day long because a trader is active in the short term and makes profit from those small movements.
if you are waiting for some "dust to settle" then you are not a trader and you can't have "trading positions" to sell or buy. if you are doing anything other than that, then you are half-assing it and you will eventually end up losing a lot of money.

No one knows for sure the current cause of the Bitcoin phenomenon, about the current price (Starting from $ 3,795 to $ 3,665),
I dare say if you have enough capital this is your chance to invest in futures,
where do you know for the future the price of Bitcoin is better than now. Hopefully.

I set my sell at some point and im patiently waiting for it to hit but i think it will not hit this week. Maybe market will continue to fall this week so the best thing to do is to wait to avoid losses.

The occurrence of ups and downs in trade is a natural thing, if compared to yesterday, when the value of Bitcoin is slightly increased, what we can do now is to wait for the green market to return so that there is an opportunity to be able to take advantage.

There's nothing we can do is just have a break in trading, rest for a while waiting the market goes up. I personally stopped at this time in trading and always checking the market when it becomes color green. Probably next week it will bounce again I hope traders now didn't do panic selling and cut their losses that they think which better but exactly wrong.

My trades are also not doing okay. Good thing, I didn't risk all my funds. Well, it isn't a surprise that it all happened in just a matter of seconds. Bitcoin's plummet in the past are even deeper and faster than that. So we have to be used to it and to be prepared at all times. That's why, a good strategy always is not to put your all. But watch out 'coz we might see a rebound this week, according to some news outlets.

we are all stuck actually.  But I'm not worried about this situation because i already bid the very cheap price since bitcoin found the real bottom price .and i know soon there will be a good performance again.  But probably i will change my strategy because i don't want to become disappointed again.

Well, we are the same situation here and the same as you I had also purchase bitcoin a month ago when it is at a bottom price.
I didn't put all my fund in trading I set aside 75% of savings and 25% of trading. On this strategy, I can stop for a while my current trading now and reopen again and by this time waiting when the market has bullish trend again.

I am not okay because i still lose huge amount of money. All of my holding are still in my wallet and I am always thinking if I will sell it now. But, I do not want to cut my losses so I will keep on holding it until the price recover. I hope the price of bitcoin will stop on going down.

There is nothing supernatural. The usual situation in the market cryptocurrency. Manipulations.

Four hours of big Yin line set a short tone.

The black clouds of the day before yesterday heralded a shortfall in the future.

To sum up, the short position of Bitcoin hasn't changed, and the candle chart indicates that the possibility of going short is greater. Instead of making a new deal today, just hold the empty ticket that came in at 3799 yesterday and wait patiently for Bitcoin to reach its target position of 3450.

Whatever the market, light trading; this market survival first, profit second.

This is just a temporary pullback many traders will have taken profit when the price hits $38++ to $39++ while the price retracement is another opportunity to buy now and accumulate Its very obvious that the price will bounce back and pumps upward as we are aware that price history repeat itself the had previously hits $4K+ and retraced repeatedly. its a normal occurrence we had been witnessing now.

I think the whales in the market are now manipulating the bitcoin because they want to buy more at a low price. But, sad to say the market went down just few days ago and it down below $4000. Even me, my trade are stock in my account and maybe I will still hold it.

The swing in the price of bitcoin in some days back is so surprising, I was waiting for my trade to go through when I suddenly saw the market falls from $4250 to below 3730k and since then the bitcoin market have been struggling to recover from the down trend movement.

Anything can happen in crypto market. In December 2017 bitcoin price was near $20k but today $3.8k. So i think nobody can prediction it. Although it is fully unpredictable but we can hope bitcoin price will strongly recover in 2019.
Bitcoin's position in the crypto world is very strong and there is no way that it can surpass bitcoin in a near future, so better to stop thinking about itbecause Bitcoin is the mother of all coins so it is very difficult to beat.

I am also okay. Yes it have dump from $3800 to $3650+ And recover so fast that one candle (4 hours). And the price is holding above $3800 now. I think we will see another pump from $3820+ to $4000+. Thanks

That's a big challenge for bitcoin, even we have already a huge support from the community but it is still not good enough to recover easily. Even in that slow recoveries, we should never be to much affected and thinking of selling our coins for the seek of not losing. I do believe everything will be fine in the coming days, we just be positive all the times and consider downfalls is a part of crypto journey.

This trend should be expected because of the influence of the trades on the market. The market price and trend is determined by traders, hence there cannot be stability or one way movement. The best thing to do when the market goes down is to seize the opportunity and buy more and dont't be too greedy to sell for profit when it goes up 10%.

I think because a lot of money out from crypto, i see my friend chat yesterday in my crypto national group. It's aroud 1 billion, i dont know this is real or not but if we see droping price i think this is true, But for me im not worry about this, because im just holder, i hold for better future

It seems the fall continues. ( Judging by the volumes. The fall should continue. But if we keep ourselves at current levels, and then we can pass the level of 4100$, it is quite likely that the road to 5,000$ will open further. I have serious doubts about this. Most likely the bear market is not over yet and there will be another final drop. In any case, all analysts and people who call themselves experts are persistently waiting for Bitcoin at  2,000-2,500$ for Bitcoin. I don’t know what will happen next, but if the price really drops to 2,500$ I I will buy. I'm ready to wait 2-3 years market recovery and I think that bitcoin is a good investment.

As much as I dont want myself to believe that the price was being manipulated lately, but it seems like youre right. This was the question in my mind for a couple of days now.  Also the reason why Bitcoin didnt stayed at 4k for long. Mediocre investors might also be following that trend, so as we can see, we end up in a price like this.

I also believe that the current price of bitcoin is the most stable price, because the ups and downs are still insignificant and will definitely come back again. but when yesterday penetrate to $ 4K, this was the revival era of bitcoin. I estimate that bitcoin Q2 will be able to penetrate $ 5K and will continue to increase until the end of 2019. Signs of the rise of bitcoin seem to be only a matter of time.

I also think this $3k to $4k range is the stable price for bitcoin now we already touch the $4k but suddenly it turn down again even there's no news in the market this reflect that the bigwhales manipulating the price and people think its a bullrun.
We already experienced a pump and dump situation in the last years so no need to be afraid just be relax and buy more bitcoin because I believe this year the price will be recover.

more than 100$ drop in just a second and you are alarmed?then what about the growth in december 2017 why not being alarmed?lol

You people only looking when the price went down but you dont even be thankful whenever the value grows higher than you expected

We are in volatile market when all the coins and tokens may pump or dump what is important is the timing to buy and sell,and the capcity to wait longer when time happens like now

I don't even consider that a pump and dump sequence since the difference of 300 dollars is quite neglectable compared to previous drastic movements. Though yeah, i agree that 3 to 4k is where we've stable for 2019 and i think it'll be like this at least for the first quarter of this year.

BTC is just making temporary pumps nowadays, it moves up till 4k and comes down within a day to the normal range. I think it has settled down in a stable position to 3.8k, The bear mode is still in progress and most probably there will be a change in the price as hardfork talk is going on.

We should be calm at the face of these type of days, that is what the whales want from you, to be in panic mode and sell or at least get out completely because that way they could drop the price, if they drop the price only 2% they know you will continue to drop it 5% or more and they only spend money for the initial 2% and trust you to do the rest of the work and than buy cheaper and when they increase it 2% as well they know same will happen and price will go higher and sell there.

Whales and traders use these kinds of days for themselves to make even more money than a standard day, bitcoin will go down and bitcoin will go up constantly, its a trading asset and that is what they do, just calm down, breathe and let it go. If you do not reach to daily market movements you can't be burnt by trying to catch the waves.

I still hold my bitcoin in wallet and until now I do not if I will set my bitcoin at a good price or not. I'm still undecided if if will sell now bitcoin or not but I badly need money so I do not if I will sell it now or do you think bitcoin will really rise again in this year? if the price of bitcoin not rise I think i will stop holding it.

There is no need to be panic and you need to be patience as that is the only way you can make profits from your cryptocurrencies investments.  Bitcoin fall because traders must takes profit and whenever they are taking profits from the little upwards movement of price the market most drop.

We are experiencing this up and down from many days this is not the first time it happened this year, BTC slowly goes up and falls down immediately is a normal thing. Yes we need to face this difficulty and wait patiently until the market recovers, this volatile market will change very soon and I believe in it. Let's believe in this for a good cause.

I think that's okay and not a big deal,but now you can should team waiting something panic compare.Then you can fill your loss profit by waiting for something used.it is going on movement two more days before jump $4k,but some hours later again gone down.so let's see and hope you soon recover compensation.

This pump and dump are normally happens in the coin market. So dont worry about current market trend, it will change in upcoming days. Use this chance to invest more on bitcoins and hold that bitcoin till the market returns. But it will take long time according to current market situation. Once the price becomes high then you can sell and earn good profit.

I don't know if you can call bitcoin a pump-and-dump scheme though. Some bitcoin maximalist doesn't conformed with that term, Lol. It could be call a bubble at times, but pump-and-dump are reserved for those shitty altcoins for all we know.

Obviously, we're farther from the bull-run that everyone is hoping for. All TA points that we're still in the red or bearish trend. So for others, this is bad news because you need to HODL again as long as you can and wait till there are some semblace of a rally in the next coming months.

There is no certainty in the world of cryptocurrencies, including the price of Bitcoin which has undergone such rapid changes. This is actually an advantage for someone because they can use the momentum like this to benefit from buying and selling. When the price of Bitcoin decreases, we can buy Bitcoin at a much cheaper price, and when the price of Bitcoin increases, we can sell it at a much more expensive price.

making use of that moment is difficult if on the contrary it happens that the opposite is buying when it's high and stopping to wait for the above price when he buy yeah. the price of bitcoin is like that for us it's natural mate, not to wonder why there are people who say too quickly decreases in all markets only a matter of time

but day before that bitcoin Grows from $3,900-4,100 so whats the difference?

Bitcoin will grow today and drops tomorrow or vice versa so stop looking on single side instead look at the brighter

Its really a bit down but still has a uptrend .Its like a sideways for few days i think we will get the uptrend from this position once again.I am also taking a break and waiting for a stable move.

And the price went up to 3800+ again right afterwards, do not assume anything when bitcoin goes down or up because it can continue to go down or up or it can change. Basically bitcoin is something that can do any type of movement or stay the same at any given moment. We have seen the price at 3400 just couple weeks ago, than we saw it 4200 and than it went down and now it is at the same price for days without changing and doubt it will change anything.

I would like to point out that we have hit the same numbers plenty of times before as well so these moves are not anything new to us and I doubt it will be the last one as well, we will probably see the same moves couple more times and it will keep happening back and forth for a long time unless something major happens.

Ok, I just check the current price on https://coinmarketcap.com/ and it says that $3,865.17. Yes it's a bit frustrating to see the price going as high as $4200 and then suddenly went as low as $3700, but luckily the price in the last couple of days seems to stick around $3800. So there's another chance that it can bounce back again to $4000 levels if some good news comes around this March. Maybe Bitcoin ETF approval? No?

It is almost finished to stay at this price range. What i am thinking is that where should it go next. Maybe downward or upward, then i have to wait and see if where the whales are planning to move the market. This is probably going to end soon either this week or next week, it's just running back and forth at $3.7 to $3.8, we should see another trend next week.

Actually very sideways at present, heres my view of it. -

https://i.imgur.com/Vy0m84o.png

So blue line is 8 day average and there is also an upper and lower border from previous fib retracements.   It seems on rails, not wanting to move either way at present, most definitely not negative at this time imo.   Also the volume appears low

when the graph shows a movement like this all the possible bitcoin price movements can occur, bitcoin can move up instantly and can move down immediately so usually when sideways like this have a very high risk.

 all we need to do for now is to wait and be patient.  No need to worry because soon it will stabilize again but it takes time again for sure . But in my view on this mid of month of march surely market will make a next move  again. because bull still alive in my opinion wherein just relaxing at the moment. Lol

Just the price settle to that region and it is not very huge swing range so there is no reason for that happening it is because of the traders moving their coins.But what is u expected is that when it drops from $4150 to $3700 range which makes that feel we trapped once more.

It's difficult to predict changes in bitcoin prices because there is a lot of manipulation in the market, calm down and don't panic because the price of bitcoin is still able to move up.

No I think the most likely prospect it just continues onwards in a predictable way for the moment.   Until we see a break of one those lines or the moving average then its in a holding position just looping the action.


I think there is a 2 phase stance to BTC where there the weekend market is dissimilar to the week days action which involves the big futures market thats operating as well.   The weekend always seems more bullish

If you continue to believe in the crypto currency and know that it will be growing and countries would be supporting it as it will become the need and can solve various issues, then you should be confident in investing at this rates as it will recover and progress in coming years.

Im still okay even the market is dumped again. Because as a tradee there is no reason for mw to cry or have bad emotions because it cannof help to me in that way and those people in my environment. I hope everyone will be okay so the market started to rise again and not to decreaae again. But feeling not okay and sad is normal because that is your money but you need to be brave in this situation.

All will be fine if we can trade digital currencies for the long term and not easily panic because we see a slight increase in market price movements and then fall again. I think now is not the right time to conduct short-term trading because the current market situation is less friendly if we expect faster profits

I believe that the whales are playing hard game and that means we can only succeed if we understand what this big guys are doing and invest along the way with them.  Some people are commenting that if you study the buying and selling walls you will understand when the market is about to drop and I believe that is how it supposed to be but the reality is that it is very difficult for us to analyze all the exchange and know what the sellers and buyers are doing.  There are technical tools we can used to analyzed the market  position and what is about to happen in the market and I think developing our knowledge on how to analyze those tools should be the right thing to do.

It is normal that bitcoin will decrease its price because later bitcoin will recover its price again. So don't you worry on your funds because it will not literally goes down because since you panic sell you will also regret it if the price of bitcoin starts to increase.

We will see that kind of movement from time to time and that is a normal price trend.

The only thing that does not amaze us is because it went downtrend which is the opposite of our expectation.
Just expect some recovery soon, the price could move like that but eventually a dominant uptrend will come on time, play the market if you
can be profitable, but if not, just hold it.