Fast Raise harder drop?

[Asteria478]

The price is going up like 200€ in 30 min, happens often and then it drops even harder like -400€, can someone explain to me why this happens? I always know when its going up fast within the next hour it drops even harder....

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[tulpe123]

not always.

due to the other side of the earth ( USA ) are only now starting their day and also the wallstreet and USD stock market. and more trading of bitcoins can also cause a push. i would still analyse it more instead of invest or sell it too fast

[xdev]

I think of it as luring people into investing. So many people see the rise starting and want to invest as they believe the coin to be gaining ground again. What will ALWAYS happen is that the price will start to fall once the big investors have made enough.

Best advise is to invest in the dip, I sense a big one will happen at the end of the month. I see no reason to get greedy and try to gain a few bucks right now because we will never know at what level the the decreases will stop. The price might fall 500$ every day from now on, its things like this that we will never know. If you are a day trader and you basically live off making quick bucks in the cryptoworld then you might have a chance to buy at the right time and sell off fast once you made a few extra bucks. But if you're a long term investor then definitely buy at the end of the month once you know how far this will fall. It should recover eventually

[Asteria478]

I wont buy any coins or sell them now, im holding since 2014 about 15,6 of them and at any price im more as happy to made that decision so far, but i would love to know why as example it went so high right now and dropped 70€ in 4 mins again.

[CarlOrff]

The price is going up like 200€ in 30 min, happens often and then it drops even harder like -400€, can someone explain to me why this happens? I always know when its going up fast within the next hour it drops even harder....

The price is going up of more 300 € in half an hour because a lot of trader are considering the support line at 2500 €.
We was at this "support line" and all these traders are now affraid for this price raise and wants to be in, nor out : they put massive buy orders to be in (because after this support, Bitcoin can going over his previous resistance price" of 4100 €).

[swiftblade]

not always.

due to the other side of the earth ( USA ) are only now starting their day and also the wallstreet and USD stock market. and more trading of bitcoins can also cause a push. i would still analyse it more instead of invest or sell it too fast

Yes, people who live in USA just wake up about 2 hours ago. Remember that exepert investors have a good habits and also good quality sleep in common