usually before the pump, the market always falls. and today I see the market experiencing a decline, especially for bitcoin and several other big altcoins. in recent days bitcoin may be able to hold above 9k, but in the end it still falls.
then I wonder if this is really the downfall before the pump?
considering that soon we will enter the end of Q4 2019, and in Q2 2020 bitcoin will be halving. so now is the last time the Whales buy cheap btc. that's why the market was deliberately manipulated to make the price of bitcoin go down. and after that they pump slowly to look like market growth.
so what do you think, is my thinking wrong?
before pump, the price will dump so far. And this is the Dow philosophy that you need to read and understand. Dow's philosophy shows that this is the general psychology of financial markets. for example, you have $ 100k invested in bitcoin, you set the expected profit of $ 200k and especially you like the majority. when the price of bitcoin reaches $ 200k, a series of people will sell off and it will create a long-term wave of downtrend. This is called the general cycle of any economy or finance, and it is made up of crowds. So there is no manipulation here, the price fluctuation is just due to the expectations of the different crowds.