Based on trading psychology, The crypto market is not dumping nor crashing as many traders think by now, the market is doing what it is supposed to do and the reason for this is, if you understand how price moves as a trader you have a good reason to say the market is doing what it is supposed to do...
A good reason why most people believe that the market is crashing and they are losing their money is because they make their trading decisions based on technical analysis and they forget the other side of trading psychology which tells us as traders that, technical analysis whether it's a visual pattern or moving averages analysis are just designed to add favor to us . This is because if you really understand how price moves then you can understand how technical analysis is related to those moves...
What has to happen for price to move is if the LAST PRICE of something is 50, for the market actually to move to 60 all the offers has to be taken out. This in other words means that people who are trying to sell at 60 they have to get their order's filled before they can get to 70 ..
To simplify this , carry this critical concept home;
"When someone actually bid it to 60 or to 70 they are doing the exact opposite at the moment of what it takes to be successful, they are not buying low, they are buying high relative to the LAST PRICE"
So for those who believe BTC and other crypto market is crashing???. That is a NOOO! The market is filling sell orders made at the previous 69000k high and by the help of TECHNICAL ANALYSIS all you need to do to make money as a trader is understanding the bias of the market which will again help you make good trading decisions of where to enter and where to take profits ..
SO traders please always take a "trade" without thinking whether the edge you have from a technical analysis will work but rather take a "Trade" thinking how much money you need from that edge. And with that knowledge it will be easy to know what the market is doing instead of thinking what the market will do.