WHY THE SUDDEN DUMP WITHOUT ANY MAJOR NEWS?

[samcrypto]

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.

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[Indrawan77]

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

[wayancrypto]

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.

[guoyu78]

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.

[Thanasis]

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.

[oegarod]

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.

[romaleshc]

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.

[bitgolden]

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.

[LbtalkL]

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
.

[StephenJH]

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.

[leowonderful]

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.

[apityeh71]

Whales controlled the crypto market,  and they can do anything what they want.  They possible to pump and dump this crypto market.  We can only minimize the risk by use management of risk and money because the price action of crypto will be very difficult to predict and possible to dumped just in short times. 

[traderethereum]

Whales controlled the crypto market,  and they can do anything what they want.  They possible to pump and dump this crypto market.  We can only minimize the risk by use management of risk and money because the price action of crypto will be very difficult to predict and possible to dumped just in short times. 

Even the whales controlled the crypto market, they cannot move the price every day. But I don't think that all of the whales want to dump the market because I believe that some of them want to stabilize the market and they will lift the price soon. If the market is a dump now, I am sure that it will get a pump soon because no one wants to get lose the money and I am sure that they want to make a profit from the market. Just be patient for a while and meantime, you can use the opportunity to buy a lot of coins at a low price.

[cool4y]

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
.

THe big boys are playing with us as they please. The crypto market is tiny and as a results it's easier for some early adopters and affluent individuals to influence the market and drive the price up and down.

[XbladedThanos]

I think is just a panic thing or people where just waiting for opportunity as this to step out of the market and make some decent money from their assets either way lets the market bounce back as the step back was not that hurting at all

[Jating]

It's just speculators again, booking their profits at $4200. They just waited for the perfect time to make money, probably in $4k, but people are still buying and FOMO'ing.

And when everyone thought that we're ready for a bull run, they immediately sell and probably going back to the market when the price is low, maybe @3600 or something and then rinse and repeat.

[NeuroticFish]

Most bullish and bearish runs comes with a major news but this case was different.

Somehow the news of Nasdaq listing (for Bitcoin and Ethereum) went almost unnoticed. When it was announced Bitcoin started to rise. In the weekend before coming live, Bitcin has fallen.
Maybe the speculators / traders were hoping that this listing gives more traction? Or just used the news for a pump and dump? I don't know. But there were news involved in this equation.

[slaman29]

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

This is likely the most accurate. I wouldn't call it a false breakout or bull trap like I'm seeing some channels say now, rather a failed breakout attempt. A few things I found strange though, the volumes were better than expected, and it held out for longer than 24 hours, but I think there was just too much TP after 4100 that caused the buyer strength to fade out. The tumble also wasn't as bad as I was expecting too, so there's that.

[Kemarit]

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 hope you know that this pattern emerges at the mid-2018 if I'm not mistaken. Just look at the $6000-$6500 range on bitcoin, we have been in this price levels for a long time, and when we're about to take off and make a good run, suddenly the price goes down without any signs or news, which lead me to believed that many speculators have been doing lots of day trading and using bots. Why bots? It's easy, you just have to set up everything and then just BOOM, billions wipe out in matter of minutes. The good thing though is that the price didn't go down to where it is prior to the rally, which is $3600.

[Coin_trader]

In my own point of view, the sudden dump or pump of the cryptos are caused by the demand and adoption of the players or the traders, while there are more people buying, the price will pump and when the selling is more than buying, sudden pump will happen, well, that was just my thoughts.