Be Prepared for the big dump.

[DigitalFox]

The big dump for btc is now, but not all coin is affected by the price of Bitcoin

Would you care to give few examples? For now I see 30-40% price drops on almost all alts. ETH has shown less dependence on BTC price but even that is only to some extent.

[Reatim]

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

Why instead of asking us to check the market, why not put here the graph? if you are really willing to share and save people then best to leave the thread with complete details.
Where is that candle pointing and when will this happen?

Lol ETH with 34%  decrease in price?

https://coinmarketcap.com/currencies/ethereum/\

how come that this is not depending in bitcoin price?

[Mpamaegbu]

Hi friends, from the title i said be prepared for the big dump of the market and why im saying that ? because first, we all know that all altcoins without any exceptions are affected by bitcoin price, and i will tell you to open trading view, go to bitcoin chart and choose the monthly chart and you will see something will freak the hell of you, a big tall candles without any red candles and all indicators are showing an overbought sign so i believe we will see a very big dump soon..

what do you think?

To start with, the idea of a position being "overbought" is misleading. Any trader who believes that will always be caught on the wrong side of the trend. Haven't you seen situations where the RSI shows the supposed overbought sign, hitting the upper line and continued for days on the Daily TF, yet didn't head down? I bet you a lot of traders would be losing money following that signal and believing there is a hogwash like overbought and oversold situations.

BTW, the bullish candle you described happened in March, not even in April (which was last month). In April there was a drag between buyers and sellers, ending the candle almost in a Doji. That's the view I have on my Tabtrader.

[Teraboy]

The big dump for btc is now, but not all coin is affected by the price of Bitcoin, you should center the big dump around Bitcoin. You should also know that the dump can be stopped if a positive news surrounding Bitcoin should surface

Not all but almost all. Matic can still perform a green candle even when the market is very bearish at this moment dude. i do believe if we will see another recovery to come very soon.
The problem is we didn't know about when the good news will be rolling out and the boomerang can come anytime when another bearish news came to make the market even worst than before.

[warg2017]

Yes，you are right, what you predicted yesterday has happened. BTC took the lead in this big dump, and all of the other coins follow it. But the different is, BTC back to around $40k soon, most of the other coins are still bleeding red.

[el kaka22]

It is the big dump right now, what else do you think will happen more than 50%? I mean don't get me wrong I am not saying it won't fall from here because it definitely could but the majority of the drop already happened, if you are safe and there is no problem for you at this price I do not think that you will have a problem with the future drops neither because most people who lost money already lost money at this point anyway.

This is why I think it is quite important that we do not end up with anything serious and just focus on the current drop that already happened and not what could happen. I was ready, I got in early and now I am doing fine even after the drop, the future doesn't hold anything even worse if you ask me, maybe a bit more drop, at the veeeery worst situation it could be another 10k down, but we are already up above $41k levels.

[azhariejaya]

Is the big dump still going to continue? What do you think guys, just now, I saw on coinmarketcap the 24-hour price movement has started to go up. Anyway, People who buyback at dip yesterday has gained profit today.

[onecall123]

It's really sad to see a lot of cryptocurrency prices collapsing some hour ago, hopefully the price can recover from the bitcoin price after that it will follow the altcoin price.

Yesterday was a big dip. It'll begin to return up now to another record-breaking high, you can easily double your investment when market recovers. We will find out in the next 2 weeks. Assuming it keeps on going up, then it will have another new all time high. Perhaps it's not done, only a forecast. Closely look at alt market.

[thesmallgod]

You are saying this because you are a newbie and mostly when crypto price goes down, a lot of you get panic and read negative meaning to things while people that knows this is in evitable are already taken advantage and buying the dip

[NPG331525]

I also agree, seeing from the market movements in this one month it looks like prices are getting lower and maybe even further, today we see a price increase again but maybe it's just a short break and maybe all prices will come back down if we look at the market.

[TelolettOm]

Avoid trading futures for now. too risky because you can lose money quickly. For bigger dumps, bitcoin is likely to drop at $ 25,000 and I think buying altcoins incrementally for now in case of a trapping again is a good move. Currently there are many negative sentiments towards bitcoin and it should be used as a reference to be more careful in investing. many people complained about yesterday's decline

[abel1337]

Avoid trading futures for now. too risky because you can lose money quickly. For bigger dumps, bitcoin is likely to drop at $ 25,000 and I think buying altcoins incrementally for now in case of a trapping again is a good move. Currently there are many negative sentiments towards bitcoin and it should be used as a reference to be more careful in investing. many people complained about yesterday's decline

Even experienced traders don't recommend futures trading. Anything can happen on bitcoin right now. There are so many speculations about the market right now but most speculation is against bitcoin. If you're into futures trading, I recommend doing your own research and TA because the speculations today is very confusing to follow.

[seleme]

You are right but it is not the perfect time to buy dip which can be around $25k support levels. The current market movement is bearish, before buying the bag you can wait until the further bear attack. The next target is around $25k which is a good entry for buying long-term.

Avoid trading futures for now. too risky because you can lose money quickly. For bigger dumps, bitcoin is likely to drop at $ 25,000 and I think buying altcoins incrementally for now in case of a trapping again is a good move. Currently there are many negative sentiments towards bitcoin and it should be used as a reference to be more careful in investing. many people complained about yesterday's decline

Even experienced traders don't recommend futures trading. Anything can happen on bitcoin right now. There are so many speculations about the market right now but most speculation is against bitcoin. If you're into futures trading, I recommend doing your own research and TA because the speculations today is very confusing to follow.

Speculation is root of all evil, better to do what we understand instead of listening and trading on behalf of other traders. The speculative crypto market can make anyone rich in single day,since trading is zero-sum game other traders will pay the price. In the long term, long-term traders will be included in the top 5% and short-term traders will feed the top percentage as usual.

[bitzizzix]

Avoid trading futures for now. too risky because you can lose money quickly. For bigger dumps, bitcoin is likely to drop at $ 25,000 and I think buying altcoins incrementally for now in case of a trapping again is a good move. Currently there are many negative sentiments towards bitcoin and it should be used as a reference to be more careful in investing. many people complained about yesterday's decline

In order to avoid futures trading, I agree and it is very risky as the market is more likely to go down and needs to take a break to calm the mind and think of further plans until the market starts to recover and if you want to invest for the long term it is advisable to take advantage of this downturn to make incremental buying.
although many people feel sentiment and complain about the current price of bitcoin, it will not be a barrier for those who still believe in bitcoin because bitcoin is the best choice of all coins under any circumstances.
and I don't think the decline in bitcoin will reach 25k and even if that happens it is the best moment to buy bitcoin and hold it for the long term.

[sapnu]

The market is on bloodbath right now and everyone is starting to panic sell. What I can say is that we should've prepared earlier because we've already seen it coming. We chose to ignore the factors that may trigger this big dump and now look at us, we are all confused on what is the best course of action. This dump is not new to us, we've seen it before and if we will follow the pattern, we know bitcoin will bounce back and recover soon. Maybe the best course of action is to keep on holding and start buying while the value is low at the moment.

[Kasabus]

The market is on bloodbath right now and everyone is starting to panic sell. What I can say is that we should've prepared earlier because we've already seen it coming. We chose to ignore the factors that may trigger this big dump and now look at us, we are all confused on what is the best course of action. This dump is not new to us, we've seen it before and if we will follow the pattern, we know bitcoin will bounce back and recover soon. Maybe the best course of action is to keep on holding and start buying while the value is low at the moment.

Everyone is triggered by this bloodbath but not everyone is going to panic sell. I already know that this is coming since it's not going to be green market all the time. Hodling would still be the best option for now otherwise, you won't catch the next bitcoin's new ath after it recovers.

I think buying at the dip is mostly seen by now but never resort into panic selling. We have seen how bitcoin stand again after its dump moments and knowing there are already strong back ups for bitcoin since bigger institutions are behind its back, a huge price increase is nearly possible after this.

[Fivestar4everMVP]

Well, I think the dump already happened, I mean, we are currently in the middle of a dump, though the market seems to be recovering bit by bit, this wasn't a big dump, though I believe it might be for some other people.
I don't know if this dump is the one op is talking about or maybe he's expecting another dump aside this that just happened, In my opinion, another dump can only occur if we are already in bear market, but if at all we are still in bill market, then the dump that happened is just a major long overdue correction and I believe the market will bounce back higher and stronger soon .

[pealr12]

I really do not thinking that am prepared to see another dump right now,  for now ot seems like the market is a bit still, no huge dump has occurred yet, I hope the dump is over and will not see it continue because it is very had to Watch the market go down continuously.

[Fredomago]

Well, I think the dump already happened, I mean, we are currently in the middle of a dump, though the market seems to be recovering bit by bit, this wasn't a big dump, though I believe it might be for some other people.
I don't know if this dump is the one op is talking about or maybe he's expecting another dump aside this that just happened, In my opinion, another dump can only occur if we are already in bear market, but if at all we are still in bill market, then the dump that happened is just a major long overdue correction and I believe the market will bounce back higher and stronger soon .

The market is giving some breathing to those day traders who loves playing with the current  momentum, but in terms of dumped it's already happening.

Not sure if this already the dip, or another whale trapped for a much bigger dumped to take place, really hard to assess what would be the next move, believers will see this as another golden opportunities to shop with those cheap coins around.

While newcomers surely regrets their participation after seeing their capital investment went down this hard.

[bhadz]

It is already happening . Full market is red and red . Every token is already down 20-30% down . But I think  it will up again just a matter of time .

It will go up again for sure but if this is already the bear market, it's going to be a long time that we're going to see it. But if we're still inside the bull market, it will recover no matter what FUD will be sent again to the mainstream media.

This time is for hodl only  . Today market seems recovering and hopefully it will recover within a week

You can as well buy if you want to. While you're holding, you're also buying to add more what to hold.