I am new to watching markets of any kind so please forgive the n00b nature of this question.
During the last big run I noticed that there were constantly big minute to minute swings in the price, by big I mean it seemed to fluctuate up and down 5, 10, or even 15 dollars at a time before it would shoot up another 20. Since the "crash" I have noticed that the highs and lows are a lot closer together, there was a little bit of 5-10 dollar fluctuation right after the recovery from the 50 dollar low, but it has gotten to the point where the ticker only varies by 2 to 3 dollars at most. My gut tells me that this is a good sign, but I wonder if it really is and what does it mean exactly.
Thanks!
True there were only a couple of swing trade opportunities yesterday. One day these movements will be a thing of the past and would be expected of a mature online currency. At the extremes, price movements will be of a much larger percentage.
Long periods of sideways movement are consolidation and on the run-up to the high were generally always "fuel for the rocket".
It will be interesting to see if this happens again or whether the next general trend is upwards but cautious.
But ultimately, these things as with everything do move in cycles!