The price is still good for me because I bought bitcoin when its around $3k so basically even if its dump on this level again I will not sold my bitcoin. Yes, the whales want us to panic and dump everything we have so they can buy at a cheaper price, so better to be patient than to be a victim of those greedy whales.
That's a good attitude. Remember that every coin that is being sold has a buyer. The red candles you call "dumps" mean that there is not enough buy orders at given price to fill all the sell orders. This doesn't mean that there won't be. Exchanges are limiting the people's buy potential with their new KYC laws. It's much harder to buy BTC than it used to be and this causes less coins to be traded and adds to volatility. Especially now that 2 Korean exchanges have been hacked and people are running from these platforms.