So when the newcomers sell - off, it can
trigger a panic sell that avalanches into a 30 percent retracement like we've just seen with the bitcoin price at press time.
Last week Bitcoin price fell below $ 3000 for the first time in months after news from China
triggered panic selling.
«Coinmarketcap's decision to exclude Korean prices from the displayed XRP price made the price appear to drop, likely
triggering some panic selling.
Not exact matches
On Monday October 19th, 1987, an avalanche of very aggressive «
sell» orders hit the market as investors began to
panic, which
triggered additional «
sell» orders and more use of portfolio insurance.
It's been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as
panic set in and traders tried to work out what was
triggering such a strong
sell - off.
They seemingly dumped the underlying, setting into motion
panic selling and
triggering stop losses, allowing for the closure of the trade on expiration with a positive basis.
These mass
sell - offs
trigger more and more investors to
panic, eventually leading to a market collapse, or as Mr. Hussman says,
Such
selling could
trigger a
panic among investors at other hedge funds worried about the health of their own portfolios.
Having a plan to
sell using an objective
trigger is a better idea that having no plan and
selling out of
panic.
This news
triggered a new wave of
panic -
selling, which took BTC / USD below the critical support level.
Having been radically misinterpreted by the market,
panic selling was
triggered en masse, which saw prices of almost all top 100 altcoins dive by 30 - 50 percent.