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Author Topic: What causes the sudden surge of market?  (Read 269 times)
waynechong1995
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April 11, 2019, 12:57:23 AM
 #1

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

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April 11, 2019, 01:39:45 AM
 #2

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
Can you provide the link of that news? Just believe on the news that are from credible source. I haven't received any specific news that states the main reason of bull run in previous weeks; all of them are just factors such as partnerships between the largest smartphone company wih crypto, adoption of banks in Blockchain, and etc.

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April 11, 2019, 02:00:26 AM
 #3

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?

Are you watching all the news related to bitcoin price bump or not. There are various information has been shared which is good for bitcoib to go heights. For example, high amount of circulation and over than miners banned in China which can give more demand and healthy for bitcoin finally price prediction tweets and press release by crypto legends.

These all will pull up to see the bull run in the market again.

 
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April 11, 2019, 02:09:04 AM
 #4

Personally I am not agree with you OP. If you expect bitcoin price growth with a rapid speed or instant then I think its obviously a day dream. Without monitoring positive side it will not be a wise thing to be concern about its recent price bump. Bitcoin have already struggled a lot with its price build up pace. Isn't it look like a big change on your eyes that just in last 7 days its growth rate is more than 65% where 1 weak earlier 1 bitcoin was nearly 3200$. As a bitcoin holder i think its better to hold strong price zone rather than decreasing and bitcoin recent price is showing that very strongly IMO.  

I have seen so many crypto news providers who always try to catch readers attention by giving hot news where many of those news got no authentic source.

 

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April 11, 2019, 02:31:19 AM
 #5

I have read in some of my chat groups regarding those types of transactions. They also say that it's only a person or probably someone who has a lot of money and needs to cash in somehow some way and he/she made it happened. The conclusion that caused the jump. I have searched it in Google but can't seem to find the news about it.

When there is bad news surrounding China and Bitcoin, it surges up. It's a weird thing. The most recent report is the mining farm thing.

https://www.wired.com/story/china-says-bitcoin-wasteful-wants-ban-mining/




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April 11, 2019, 05:30:09 AM
 #6

It could be whales or institution, but it's likely whales as institution would make prior announcement before doing such.
We only guess and cannot what really causes it, the only certain now is the huge buy order, knowing who made that is impossible.
But, I would not make things complicated, this isn't new anymore in the crypto space, we called it surprises and that makes crypto very unpredictable.

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April 11, 2019, 06:09:10 AM
 #7

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever.
which market?
bitcoin? the catalyst was the undervalued nature of the price itself. when something is offered at a discount in the market while the price is kept low with manipulation and fear it will eventually break out and shoot up. add to that the fact that market is pretty small still, and you see that a small FOMO buy can shoot the price up.

altcoins? that is what they do, they get pumped and dumped every day so that we as traders can make profit on the bitcoins we have.

Quote
News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun?
news sites publish all kinds of crap, don't take them seriously. the only thing that matters for the market is the market itself. so start by looking at charts, the volume,... and see that there was no such thing in the market not to mention that 20k bitcoin is smaller than the daily volume!

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April 11, 2019, 06:27:50 AM
 #8

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
This can be like a pump price and there is a possibility of a dump. But seeing the enthusiasm of the crypto users, I am very sure that this can be maintained, now we are starting a new level and such restrictions are quite difficult to influence. yes, although everything can happen, but this situation is worth taking as much as possible.
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April 11, 2019, 08:00:12 AM
 #9

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.
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April 11, 2019, 08:11:43 AM
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 #10

Its pure technical.



That formation is well known in crypto on every time frames.

How it works? And why that happened?

From the end of November bitcoin was in 3200-4200 consolidation. For four months on medium volume traders was trading without realising waste/profit waiting for move. Majority of traders that opened their long position set stoploss around 3100, all who opened short position set stoploss around 4200 (based on supports and resistance from AT). For four months amount of unrealised stoplosses was growing. It was like a
ticking bomb. Stoplosses was only tip of iceberg. There were 500 mil worth overleveraged shorts (only on bitmex -https://cryptopotato.com/500m-usd-of-liquidated-short-positions-bitmex-responds-to-the-futures-auto-deleveraging-events/) that was liquidated during this pump pumping price even further.

The fuse was fired. Price crossed 4200 resistance. Let's summarize who is on market currently:

Demand:
1- TA traders buying due to TA buy signal (breaking resistance)
2- stoplosses on shorts
That push price sharply
3- overleveraged shorts get liquidated
that push price even further
4-more and more stoplosses and liquidations fired one by one at higher and higher prices

Supply:

Almost none. The Closest resistance is around 5400. Why sell earlier? Would you do that?

what happens if there are many buyers and the lack of sellers? Price surge... and that's what happened.

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.

That's the stupidest thing you might say. Do you even know how bitcoin mining works? Supply is always the same. No matter if there are bunch of mining factories or 1 single PC handling whole network.




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April 11, 2019, 10:09:36 AM
 #11

There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.
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April 11, 2019, 11:32:01 AM
 #12

I have read some threads too since the price increase and I have not seem to see someone giving precise reason for the move. I take it like volatility is part of bitcoin. If the whales made a huge order, I'm sure by now, price should have dropped because it is not a teal price move.

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April 11, 2019, 11:32:25 AM
 #13

I don't know if you have read news reports last week saying that there someone who bought bitcoins in millions in three crypto trading simultaneous, pushing the price +$1000 in matter of minutes. Probably just whales trying to wake up the market but definitely the entity will book the profit one time or another. If was a massive 20% increased in the last week and the entity might be slowly shorting it, we don't know, but I'm not sold on the premise that this is institutional money.

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April 11, 2019, 12:14:04 PM
 #14

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
This is the cause of the pump. And that event made 3 orders from 3 different exchange 7,000 bitcoin buy order each. It's just a manipulation by whales. I don't even know if the manipulator were a whale or whales. I think it's just one but he used different exchanges.

 
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April 11, 2019, 01:01:03 PM
 #15

Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think that $100m is enough to act as a catalyst when people are waiting for years to invest on bitcoins at right time so when they see the price rise they are not going to miss that opportunity either to make short term or long term profits.

 
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April 11, 2019, 01:27:23 PM
 #16

In my own opinion I want to say this pump is normal according to previous market history. We saw more than couple of history like this.

I think btc struggled  long time around 3000$-4000$. And many whales waited for dip entry. But now a days btc already passed the limit of struggle and many good news coming day by day about crypto currency. For that reason whales did not want to miss the dip entry. So they already started to invest their money and btc started to growing up. It is my personal opinion so can not match any technical analysis. Thanks 

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April 11, 2019, 01:28:09 PM
 #17

There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.
Are we thinking that this is the creations of whales and it may back to dump again. But I've never think like that cause I believe that this year will be the opposite of last year trend. We speculate to have a bull later part last year but it never shows instead it getting worst. And for now, it have shows again and even proven that crypto could still resist from the bear season and rise up.
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April 11, 2019, 03:36:26 PM
 #18

I think it was because of the news that China governments and regulatrary agency has shut down mining activities.  Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.

You are all that are always thinking that China has so much influence in Bitcoin price should really stop. China is just a country that have citizens interested in cryptocurreny just like every other country.
Every actions they take don't have major impact on Bitcoin price. Whether they shut down an exchange or open an exchange, it won't be affecting Bitcoin and also same to other countries. Price of Bitcoin can be affected by market activities, adoptions and circulation.

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April 11, 2019, 03:52:08 PM
 #19

I think we can shorten it by saying "there was a lot of people selling at 4200, we tried to buy them all but failed many times, however each time we tried the resistance eroded, last time we tried we broke it and went higher". That is the clearest explanation that can be given, its both a technically analysis stand point that the resistance level is explained but it is also a very simple terms that anyone could understand, that way we are explaining TA like we are talking to a small child.

I mean that is what happened honestly, when you try to break a number and fail you either go down a lot or you go back up and try again, we went to 4200 multiple times but we went back up, now it is time to break the next level by trying to buy as much as we can, maybe go back down for couple of times but each time we reach the next resistance we ease it a bit.


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traderethereum
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April 11, 2019, 03:54:16 PM
 #20

There are difficult to search for the solid facts of the pump in the market in these few days. The market increase and didn't telling us what is going on with the market, all we know that the price can jump to the higher price in less than 2 weeks. And in a few hours ago, we are seeing the red candle happening, and now the green candle come and change the red candle, and it's happening again in the market. The trend is back to the uptrend and the price come back to $5000 again.
Are we thinking that this is the creations of whales and it may back to dump again. But I've never think like that cause I believe that this year will be the opposite of last year trend. We speculate to have a bull later part last year but it never shows instead it getting worst. And for now, it have shows again and even proven that crypto could still resist from the bear season and rise up.
I am not sure about that, but it could be because we don't know if the whales still trying to dump again. I think the same as you, and we have a great chance to see the bull market will happen in this year or the next year. Just hope that the bear market will be over soon so we could start to make a big profit again. But don't forget that the bear market still appears in the market, so you need to be careful.
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