I have been messing around in bittrix for a few days now experimenting with day/swing trading for the first time. I understand how new information coming out can greatly effect prices via news articles and even tweets sometimes. What im having trouble understanding is coins that seem like they're doing nothing in the market for days/weeks/months will then jump up in value 20,30 or 40% without to my knowledge any news coming out or external reason for the jump in price.
I see this is all sorts of coins but for example adtoken (ADT) last Monday (July 23) had that big jump up in price. Now today very recently has had a small jump up. I'm still new to this and have a lot to learn but any tips or advice on this topic will go a long way.
Edit: i have since learned adt was added to Upbit last monday and hence the jump in price. ( i guess it was a bad example)
I don't think that's a bad example. I think one of the most frequent and repeatable trends is a pump when the coin gets added to a new larger exchange, so if you see a coin in big 2-digit or 3-digit % gains, that could very well be it. Or, some coins are thinly traded and a small volume can make a big difference...not necessarily good coins to go into, but could be behind larger jumps. I think the launch of testnets and certainly mainnets are another scenario large jumps normally occur. Outside of that stuff, you have news releases that strengthen the coins use case, an endorsement/investment by a person or company, or a whale that decided to buy into the sell orders...all that could trigger FOMO. Lots of different reasons that a coin could spike, and they can be difficult to predict.